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Messages - Patrick

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1
Shares / Re: Offshore USD ETFs - Accumulating or Distributing?
« on: February 17, 2020, 08:52:27 am »
Quote from: FreedomFinder on February 16, 2020, 10:38:49 am
Hi Patrick. Alright awesome. So if I understand you correctly, there's no difference in the way dividends are taxed by SARS between the two types of funds.
The other huge benefit of VT is that I can buy fractional shares of US-domiciled ETFs on IBKR which really simplifies my contributions and reinvesting. And it doesn't seem like this is possible with non-US ETFs on the platform (?)
Correct
Quote from: FreedomFinder on February 16, 2020, 10:38:49 am
The other huge benefit of VT is that I can buy fractional shares of US-domiciled ETFs on IBKR which really simplifies my contributions and reinvesting. And it doesn't seem like this is possible with non-US ETFs on the platform (?)
Cool I never actually knew they offered that.

2
Shares / Re: Offshore USD ETFs - Accumulating or Distributing?
« on: February 15, 2020, 05:06:19 pm »
All other things being equal, if your record keeping is impeccable accumulating will come out a minute fraction ahead due to you saving re-investment fees. The problem is that it's incredibly hard to prove to SARS that the current price of an accumulating ETF isn't actually what the share ticker says but that it's in fact much lower as the ticker price includes reinvested dividends.

I don't feel like having that future fight with SARS so I buy VWRD instead of VWRA. My brokerage fees to re-invest dividends are only around 0.08% in any case.

Ps. The estate duty on US held stocks only becomes higher than SA estate duty at over $200k, plus you can claim back the dividend taxes paid to the US government, and the TER of VT is only 0.09% vs 0.22% for VWRD. Just something to consider...

3
Shares / GFI
« on: February 14, 2020, 11:00:03 pm »
GFI 100.00 cents - LDT: 10 Mar 2020

4
Shares / ITE
« on: February 14, 2020, 11:00:03 pm »
ITE 23.00 cents - LDT: 3 Mar 2020

5
Shares / DRD
« on: February 14, 2020, 11:00:03 pm »
DRD 25.00 cents - LDT: 3 Mar 2020

6
Shares / BCF
« on: February 14, 2020, 11:00:03 pm »
BCF 17.00 cents - LDT: 3 Mar 2020

7
Off topic / Live chat
« on: February 12, 2020, 04:17:27 pm »
Never heard of them. Minimum fees are much higher than Interactive Brokers (https://mexem.co.za/why-mexem/), whats the benefit?

8
The Investor Challenge / Blog post: My 2019 spending, AKA how to blow a budget
« on: February 10, 2020, 05:15:12 pm »
https://investorchallenge.co.za/my-2019-spending-aka-how-to-blow-a-budget/

9
Shares / IBRP4
« on: February 07, 2020, 11:00:03 pm »
IBRP4 68639.56 cents - LDT: 18 Feb 2020

10
Shares / HDC
« on: February 07, 2020, 11:00:03 pm »
HDC 410.00 cents - LDT: 18 Feb 2020

11
Shares / MIX
« on: January 31, 2020, 11:00:04 pm »
MIX 4.00 cents - LDT: 18 Feb 2020

12
Shares / FSRP
« on: January 31, 2020, 11:00:04 pm »
FSRP 374.75 cents - LDT: 18 Feb 2020

13
Shares / Re: TAX Efficient options for cash
« on: January 28, 2020, 02:23:29 pm »
I'm allergic to cash, I'd invest it asap.

14
Shares / NPP1
« on: January 24, 2020, 11:00:11 pm »
NPP1 6.50 cents - LDT: 11 Feb 2020

15
Shares / NPKP
« on: January 24, 2020, 11:00:11 pm »
NPKP 6.00 cents - LDT: 11 Feb 2020

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