Author Topic: Live chat  (Read 2974317 times)

Patrick

  • Administrator
  • Hero Member
  • *****
  • Posts: 2552
  • Karma: +47/-2
    • View Profile
Live chat
« Reply #6075 on: September 04, 2017, 08:04:47 am »
Hi Pubson, the cheapest and easiest is to open a tax free savings account with access to the stock exchange, and then use one of the offshore based ETFs like the Satrix all world ETF. Some advice on the tax free here: http://investorchallenge.co.za/a-newbies-guide-to-investing-on-the-jse/

Patrick

  • Administrator
  • Hero Member
  • *****
  • Posts: 2552
  • Karma: +47/-2
    • View Profile
Live chat
« Reply #6076 on: September 04, 2017, 08:46:24 am »
@Orca, that's really interesting news, and it opens the door to Schengen residency. I wonder what the "Have means of subsistence, as defined in the Portuguese law" refers to. Could enough investments qualify?

gcr

  • Hero Member
  • *****
  • Posts: 1008
  • Karma: +28/-1
    • View Profile
Re: Live chat
« Reply #6077 on: September 04, 2017, 09:11:34 am »
Hi Pubson, the cheapest and easiest is to open a tax free savings account with access to the stock exchange, and then use one of the offshore based ETFs like the Satrix all world ETF. Some advice on the tax free here: http://investorchallenge.co.za/a-newbies-guide-to-investing-on-the-jse/
If Pubson is looking to externalise his funds then buying the ETF is not externalising funds the fund manager may well externalise funds but as soon as you give them a sell order the funds will be returned in SA Rand and not in the foreign currency
Not everything that counts, can be counted, and, not everything that can be counted counts - Albert Einstein

Patrick

  • Administrator
  • Hero Member
  • *****
  • Posts: 2552
  • Karma: +47/-2
    • View Profile
Live chat
« Reply #6078 on: September 04, 2017, 09:20:29 am »
You're right GCR, but fortunately there's no CGT penalty when selling, so it's a good holding point until you can get a full offshore setup.

Patrick

  • Administrator
  • Hero Member
  • *****
  • Posts: 2552
  • Karma: +47/-2
    • View Profile
Live chat
« Reply #6079 on: September 04, 2017, 10:25:25 am »
Okay this is what I've found: Under of Ordinance No. 1563/2007 of 11st December, is considered sufficient income for subsistence the following amounts: € 6,360 / year for the first adult € 3,189 / year for another adults of family € 1,908 / year for each member less than 18 years. Not bad actually, just over €318k in VWRD (2% yield) will give you that in dividends if you're on your own. Add another €159k for a spouse and €95k for each child.

If money is tight you could always take more risk by holding high dividend stocks or ETFs, but you do need to be very careful.
« Last Edit: September 04, 2017, 10:44:00 am by Patrick »

jaDEB

  • Global Moderator
  • Hero Member
  • *****
  • Posts: 4553
  • Karma: +31/-3
    • View Profile
Live chat
« Reply #6080 on: September 04, 2017, 10:55:51 am »
Why is OCE getting a hiding?
jaDEB

If it scares you, it's a sign you need to do it

Mr_Dividend

  • Hero Member
  • *****
  • Posts: 586
  • Karma: +21/-0
    • View Profile
Live chat
« Reply #6081 on: September 04, 2017, 12:24:22 pm »
think there was a TS on Thu/Fri last week..

jaDEB

  • Global Moderator
  • Hero Member
  • *****
  • Posts: 4553
  • Karma: +31/-3
    • View Profile
Live chat
« Reply #6082 on: September 04, 2017, 01:13:24 pm »
Thanks Mr Dividend... missed it..I am dropping the ball, will go and stand in the corner for 12 minutes
jaDEB

If it scares you, it's a sign you need to do it

PlatinumWealth.co.za

  • Sr. Member
  • ****
  • Posts: 322
  • Karma: +10/-1
  • Weekend Investor
    • View Profile
    • Platinum Wealth Group
Live chat
« Reply #6083 on: September 05, 2017, 09:09:23 am »
Tuesday
www.PlatinumWealth.co.za <- South African Investment and Finance forum.

Patrick

  • Administrator
  • Hero Member
  • *****
  • Posts: 2552
  • Karma: +47/-2
    • View Profile
Live chat
« Reply #6084 on: September 05, 2017, 10:09:02 am »
Thanks for moderating jaDEB. I'll go ban the member now.

jaDEB

  • Global Moderator
  • Hero Member
  • *****
  • Posts: 4553
  • Karma: +31/-3
    • View Profile
Live chat
« Reply #6085 on: September 05, 2017, 10:31:06 am »
:)
jaDEB

If it scares you, it's a sign you need to do it

jaDEB

  • Global Moderator
  • Hero Member
  • *****
  • Posts: 4553
  • Karma: +31/-3
    • View Profile
Live chat
« Reply #6086 on: September 05, 2017, 12:51:01 pm »
Hey, I just figured out how to get my BTC's wallet address :) incase any of you wanna send me a coin :)
jaDEB

If it scares you, it's a sign you need to do it

Nivek

  • Sr. Member
  • ****
  • Posts: 295
  • Karma: +6/-1
    • View Profile
Live chat
« Reply #6087 on: September 05, 2017, 02:03:50 pm »
Do you accept Thai Baht? I have a couple of coins left over from a trip and I think it would be a waste binning them.

Patrick

  • Administrator
  • Hero Member
  • *****
  • Posts: 2552
  • Karma: +47/-2
    • View Profile
Live chat
« Reply #6088 on: September 05, 2017, 03:11:37 pm »
The end of the recession or just a pitstop?

jaDEB

  • Global Moderator
  • Hero Member
  • *****
  • Posts: 4553
  • Karma: +31/-3
    • View Profile
Live chat
« Reply #6089 on: September 05, 2017, 03:49:31 pm »
@ Nivek, :)
jaDEB

If it scares you, it's a sign you need to do it