Author Topic: Live chat  (Read 1845546 times)

jaDEB

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« Reply #2520 on: August 25, 2015, 09:26:27 am »
The government will have a follow-up meeting in about four weeks , lol, the only thing they can do quick is spend our money... 4 weeks ..
jaDEB

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Patrick

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« Reply #2521 on: August 25, 2015, 10:07:56 am »
I'm loving these low prices. Rebalancing my portfolio and picking up all these supposed "capital losses" and then buying the other index at a discount... Then using those capital losses to get rid of as many of the expensive unit trusts I stupidly bought years ago. Win all around!
« Last Edit: August 25, 2015, 10:10:57 am by Patrick »

gcr

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Re: Live chat
« Reply #2522 on: August 25, 2015, 11:55:16 am »
I'm loving these low prices. Rebalancing my portfolio and picking up all these supposed "capital losses" and then buying the other index at a discount... Then using those capital losses to get rid of as many of the expensive unit trusts I stupidly bought years ago. Win all around!
Yup I am quite happy with my buys yesterday plus the movement up this morning about, R 80,000 better off than yesterday
Not everything that counts, can be counted, and, not everything that can be counted counts - Albert Einstein

tmsf12

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Re: Live chat
« Reply #2523 on: August 25, 2015, 12:15:07 pm »
...and then buying the other index at a discount...
What do you mean by this?

jaDEB

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« Reply #2524 on: August 25, 2015, 12:25:06 pm »
U.S. stock index futures pointed to a sharply higher open on Tuesday, recovering from the plunge seen in global stocks on Monday.
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Patrick

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Re: Live chat
« Reply #2525 on: August 25, 2015, 12:34:16 pm »
What do you mean by this?
In my case I own 4 funds (now 3).
1) FOORD equity fund - does ok, costs a lot so I'd like to get rid of it.
2) STXIND - does very well, I'll keep this for a long long time.
3) GIVIND - does ok, but I think it's currently too heavy into MTN, and I'd prefer to put that money somewhere else.
4) DIVTRX - still new but the index has done extremely well. It also pays a pretty good dividend and is well diversified.

So I'd like to get rid of as much of 1) and 3) and put it into 4. Problem is, if you sell I need to pay a lot of capital gains tax. But now, the whole market is cheap, so for example if I sell GIVIND for a 10% loss, I can also buy DIVTRX at a 10% discount, so in effect there's no loss, just a re-balancing. But to SARS there is a loss, so I can take the amount of that loss, and sell some of my FOORD, and even though I make a profit, it's cancelled out by the GIVIND loss and I won't pay tax on it.

tmsf12

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Re: Live chat
« Reply #2526 on: August 25, 2015, 12:48:11 pm »
@Patrick, thanks for helping out a noob  :)

Orca

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Re: Live chat
« Reply #2527 on: August 25, 2015, 02:39:18 pm »
I noticed DIVTRX corrects mismatched price before open hence the gaps in the candles. :)
I started here with nothing and still have most of it left.

jaDEB

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« Reply #2528 on: August 25, 2015, 06:19:23 pm »
:)
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Orca

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Re: Live chat
« Reply #2529 on: August 25, 2015, 08:48:06 pm »
I somehow think the traders will take profits on Wednesday but with the good gains today they would have done so already. Lets wait and see.
« Last Edit: August 25, 2015, 08:50:53 pm by Orca »
I started here with nothing and still have most of it left.

jaDEB

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« Reply #2530 on: August 26, 2015, 08:26:18 am »
Sad about Roger Kebble, he and Brett use to be lot on moneyweb radio :'(
jaDEB

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jaDEB

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« Reply #2531 on: August 26, 2015, 09:17:11 am »
Ag dammit Frikkie ... !!!
jaDEB

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Moneypenny

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Re: Live chat
« Reply #2532 on: August 26, 2015, 09:54:29 am »
jaDEB, I saw a pic of a guy on FB in leopard undies called 'Frikkie', I see him every time in my mind when you mention him here,  :D I still have nightmares.

Datura

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« Reply #2533 on: August 26, 2015, 10:31:54 am »
hahaha

jaDEB

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« Reply #2534 on: August 26, 2015, 10:34:07 am »
That is Frikkie, he sleeps under u bed, and in closest close to investors. Its him, its him, be afraid !!!
jaDEB

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