Author Topic: Live chat  (Read 2938148 times)

Bread

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Re: Live chat
« Reply #4530 on: August 29, 2016, 01:05:54 pm »
I dunno. Where there's smoke there's fire. And every time there's bad news about it the financials will take another knock. And Spar   :frustrated:

Orca

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Re: Live chat
« Reply #4531 on: August 29, 2016, 07:15:34 pm »
Time to buy STXIND again. Beating DIVTRX by 5% over 1 month.
I started here with nothing and still have most of it left.

Nivek

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« Reply #4532 on: August 30, 2016, 08:20:13 am »
That 5% is purely rand weakness. If you think the rand will weaken further, then the indi is the right one to buy.

Orca

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Re: Live chat
« Reply #4533 on: August 30, 2016, 09:39:29 am »
The INDI has turned upwards despite the ZAR dropping due to foreigners exiting and dropping the ZAR.
I started here with nothing and still have most of it left.

Bread

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Hamster

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Re: Live chat
« Reply #4535 on: August 30, 2016, 11:34:22 am »
STXIND - how you buy Naspers in your TFSA.

Patrick

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« Reply #4536 on: August 30, 2016, 04:22:28 pm »
hahaha!

Bread

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Re: Live chat
« Reply #4537 on: August 31, 2016, 08:36:41 am »
In the Investor Challenge, is the divi added after the 15% tax has been deducted? Because a divi paid by a REIT, in my case Resilient, is not subject to the tax.

Patrick

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« Reply #4538 on: August 31, 2016, 09:39:07 am »
Yes after tax Bread. While REITs aren't subject to Divvie tax, they are to income tax which is 30% in the game, so theoretically, I need to subtract another 15% from the REIT dividend ;)

jaDEB

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« Reply #4539 on: August 31, 2016, 10:26:55 am »
SARS even gets us in play play land :'(
jaDEB

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Moonraker

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« Reply #4540 on: August 31, 2016, 10:32:17 am »
@Patrick. 30% only  applies when selling at a profit. No div. tax on REITS, so I don't understand extra 15%

Bread

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Re: Live chat
« Reply #4541 on: August 31, 2016, 10:54:01 am »
No, Patrick. You must only take off the 30%. Not the 15% because its a REIT.

Are you taking off 30% per trade, on selling, or at the end of the year?

Hamster

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Re: Live chat
« Reply #4542 on: August 31, 2016, 11:09:29 am »
/call FSB ombudsman  :mad:

jaDEB

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« Reply #4543 on: August 31, 2016, 11:21:25 am »
#Patrickmustfall  :)
jaDEB

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Patrick

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« Reply #4544 on: August 31, 2016, 11:57:26 am »
Haha, am I wrong? I thought the income from REITS gets added to your annual income and taxed at the marginal rate. Will go read. Does SARS have to pay penalties to us when they're wrong or is it just the other way around?