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Messages - yossarian

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1
Shares / Re: Shares vs compound interest
« on: August 10, 2014, 07:10:53 am »
I'd consider this instead of the SATRIX INDI:  http://etf.absacapital.com/Products/Exchange%20Traded%20Funds/Equity/eRAFI%20Industrial%2025/Pages/default.aspx

TER of about 0.12%.  SATRIX is less efficient.  It seems silly to pay big fees to a fund manager who is simply matching an index.

3
Shares / Re: Income Portfolio Question
« on: January 21, 2014, 10:49:22 pm »
Code: [Select]
Assume your marginal rate is 40% and you are under 65:

Before REIT:

Ex 1
Investment 340k return 7%

Earnings:  23800
Tax: Nil

Ex 2
Investment 700k return 7%

earnings: R49000
Tax: R10080

Code: [Select]
After REIT:

Ex 1
Investment 340k return 7%

Earnings:  23800
Tax: 3570  Improvement: -3570

Ex 2
Investment 700k return 7%

earnings: R49000
Tax: R7350  Improvement: 2750

Conversion to REITs should make the companies more profitable too.

4
Shares / Re: Income Portfolio Question
« on: January 21, 2014, 10:38:09 pm »
From the article that you linked:

Quote
The one negative for local investors is that for the private investor the interest exemption (currently R23,800 for individuals under 65 and R34,500 for individuals over 65) that previously applied to property loan stocks, will not be available anymore. National Treasury sees this distribution as rental income and not as interest and is currently working towards abolishing this interest exemption and looking to create specific tax-free investments.

...[snip]...

In the case of foreign shareholders of SA REITs, a dividend withholding tax will be applicable after 1 January 2014. The current rate is 15% or the applicable double tax agreement rate could apply.

I think what she is saying is that proceeds from REITS are going to be regarded as normal dividends.  The bit about "foreign shareholders" is a red herring I think.  It would be accurate if it read "shareholders."

5
Shares / Re: DBX
« on: January 21, 2014, 12:03:32 am »
Equities will always beat the market over time...

Posting after 7pm again are we? :)

6
Shares / Re: DBX
« on: January 17, 2014, 12:51:23 pm »
I bought EU, US, UK and WD some time ago as a Rand hedge.  Did well out of them but the TER is a little rich for my blood so I'll probably dump them sometime soon.

I see them as reasonable medium term bets but a bit expensive to hold in the long term. 

I recently added to my EU purchases and will probably hold those for 3 years...

7
The Investor Challenge / Re: Rules for next year
« on: December 19, 2013, 11:13:20 am »
Since the goal is (or appears to be) realism I suggest you don't exclude penny shares.  Instead simply limit possible buys to:

  • Total daily purchase of a particular stock limited to half (or so) of the previous daily volume.
  • Price: average of previous day's price (maybe a weighted average if you've got the figures.)  Will help eliminate outliers

8
Shares / Re: Tax
« on: December 04, 2013, 08:34:13 pm »
That link won't work properly tomorrow...

Try this (and "like" the dudes if you feel like rewarding them for writing interesting articles):

https://www.facebook.com/notes/seed-investments/making-use-of-the-cgt-exclusion-gerbrandt/687151884648866

9
The Investor Challenge / Rights issue
« on: December 02, 2013, 10:46:04 pm »
ABL has a rights issue on the go.  Holders of ABL should receive 0.85n x ABLN shares as of (about) 28/11/2013. 

Then next week (can't remember the exact date) you can change ABLN to ABL and subtract 0.85n x 8.00 from each person's cash.

The above based on someone holding and exercising their NPLs (rational behaviour).

n == ABL holdings at the rights issue date.

10
Shares / Re: Tax
« on: November 15, 2013, 07:58:35 am »
To get real now. SARS will not allow those deductions. Yesterday I filed my tax and the red flag came up because I deducted R2K for internet costs.

With all due respect, perhaps it's time to hand over your tax affairs to an expert?  SARS will continue to profile you based on past performance.

11
Shares / Re: Tax
« on: November 10, 2013, 03:42:16 pm »
Read through the thread and Im still not sure of some questions.

Questions

Scenario:I buy one batch of shares ,lets say I invest in the INDI 25.Now,2 years later I buy my second batch of the INDI 25.Now,after the 3 year period from the first day I bought my first batch of shares,I want to sell some of them.Will all my shares be clumped together as non CGT tax shares,based on the date of the last purchased shares?

FIFO.   SARS generally accepts FIFO as the the way to work out the age of your shares.

How does this work?Is my whole portfolio clumped together or is each individual share different in the date of their purchase?


Each *batch* of a single type of share you buy is a "stock item" for want of a better term.  Stock that you sell before 3 years attracts income tax; stock sold after 3 yaers attracts CGT.
[/quote]

Also,which type of tax will I be charged if I invest in different shares at different times,is it based on the last bought shares?

If you undertstand the concept of FIFO and stock the answer to this question should be obvious.

12
Off topic / Re: JSE End Of Day Data Download
« on: November 07, 2013, 03:02:27 pm »
Sharenet end of day data get finalized a bit late (I work on 0:00UTC+02 for the J200)

13
Off topic / Re: JSE End Of Day Data Download
« on: November 07, 2013, 02:57:17 pm »
Sharenet is R164.00 per month for the Download module.
mySharenet is about R60 pm.  You can download csv (it's actually tab separated but you get the idea).  It's possible to use something like curl if you need to.  PM me for a simple script.

14
Off topic / Re: JSE End Of Day Data Download
« on: November 07, 2013, 08:37:25 am »
Sharenet provide end of day data downloads.  About R60pm.  Also FNB if you subscibe to their trading setup.

15
Off topic / Re: Selling my shop woes.
« on: November 06, 2013, 09:17:42 am »
Oh no, if potential buyer doesn't have funds available now, why would they have it over the next 6 months?  I say run and don't look back, too much potential hassle.

 :TU:

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