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Author Topic: Live chat  (Read 2978395 times)

Patrick

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« Reply #3570 on: March 30, 2016, 02:19:21 pm »
Go Rand go! I still think we'd be another R1 better off without Zuma around. @MP nope it's still a building site, no entertainment area until December.
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Q

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« Reply #3571 on: March 30, 2016, 02:49:17 pm »
Patrick my Portfolio is valued at R450k but I'm 36th?
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jaDEB

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« Reply #3572 on: March 30, 2016, 02:50:33 pm »
@Patrick, your comp total worth vs nett worth (After tax), what is the difference. Tax % ?
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jaDEB

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

Q

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« Reply #3573 on: March 30, 2016, 02:53:15 pm »
Maybe I'm being double taxed when my net worth is shown?
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Fanus

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« Reply #3574 on: March 30, 2016, 03:05:05 pm »
Go Rand Go??? I thought you were on my side Patrick. Do you know how bad this bad rand is for my investments!?!
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Snapcase

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Re: Live chat
« Reply #3575 on: March 30, 2016, 03:29:02 pm »
Quote from: jaDEB on March 30, 2016, 02:50:33 pm
@Patrick, your comp total worth vs nett worth (After tax), what is the difference. Tax % ?
Quote from: Q on March 30, 2016, 02:49:17 pm
Patrick my Portfolio is valued at R450k but I'm 36th?
Take 30% of your profit from the selling of shares, and subtract that from your total worth.  That will give you your Net worth (after tax) amount used on the leaderboard.

My own portfolio as of now:
Total worth: R379 920,12
Net profit on share sales: R188 211,15
30% of profit = R56 463,34
Net Worth (after tax) = R379 920 - R56 463 = R323456.75 (same as leaderboard)
« Last Edit: March 30, 2016, 04:11:22 pm by Snapcase »
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Q

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« Reply #3576 on: March 30, 2016, 03:39:54 pm »
Patrick please check my Portfolio
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Moneypenny

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« Reply #3577 on: March 30, 2016, 03:50:18 pm »
Ftfo :(   (SC not q)
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Patrick

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Re: Live chat
« Reply #3578 on: March 30, 2016, 04:34:39 pm »
Hey Q, yeah I think it all adds up, Snapcase is right, we're all in the 30% tax bracket for the game. It's what we started since we had selling, to more or less represent the real world.
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Patrick

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« Reply #3579 on: March 30, 2016, 04:36:33 pm »
Haha sorry Fanus, I have pretty much all my investments in Rand so I'm feeling much better at the moment. Once I have all of my money in my US brokerage account I'll switch sides for you :)
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Fanus

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« Reply #3580 on: March 30, 2016, 04:50:46 pm »
It might be a great feeling but how can this not be currency manipulation?
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Orca

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Re: Live chat
« Reply #3581 on: March 30, 2016, 05:31:14 pm »
Glad I did not take a gamble on the ZAR dropping and flee to USD. ZAR gained 2% and my portfolio by 2,8% today. This is a double whammy for me.  ;D
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I started here with nothing and still have most of it left.

Q

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« Reply #3582 on: March 30, 2016, 08:14:18 pm »
$$$ On Sale Today
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Orca

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Re: Live chat
« Reply #3583 on: March 30, 2016, 10:31:32 pm »
SA will not become a Zumbabwe. He has become too much of an embarrassment for the ANC and they will have to let him go after he pays for his floor mats and all.
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gcr

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Re: Live chat
« Reply #3584 on: March 31, 2016, 12:12:03 am »
I think some of the share price movements upwards yesterday and probably today are fund managers doing some window dressing at a quarter end again.
I am not sure why the Rand strengthened yesterday it may have something to do with Gordhan answering the Hawks question and could have something to do with the Con Courts ruling later today on the Nkandla issue. Gauntlett was at pains to say that whatever ruling is given, that impeachment, or unfit to hold office should not be a determinant in the outcome.
They do say the market knows everything
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Not everything that counts, can be counted, and, not everything that can be counted counts - Albert Einstein
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