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Messages - Delusionsofgrandeur

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61
Shares / Critique my Portfolio.
« on: November 14, 2013, 01:44:46 pm »
I know nothing about investing,but thanks to the generous folk on this forum,I have learned a little.

I have selected some stocks based on favorites from some  people on this forum.You will probably know who based on my shares.

My goal is overall maximum  and safe growth with more than an aggressive edge long term or at least 3 years.

I am not opposed to taking risks,but since I know nothing,I would only do it with the advice and reasoning of forum members.

I need the lowest expenses on all shares/indexes,relatively Low P.E ratios.

I am thinking of dividing my shares as follows:

SAtrix Indi   50%
OMN           30%     
PNC            10%
MTA            10%

I am really sucking these figures out of my thumb.

I honestly want to just invest in these and continue to buy more of  these shares in the future.I will look at their performance  now and then but for the large part I don't want to be too involved with them due to my lack of knowledge.

This does not mean that I wont be watching them,since I will be trying to learn about investing.

Anyways,I'm looking to get in on the bottom like everyone else.

Please give me alternative winner's.Also please show me the percentage of each share I have listed you would invest in.Thanks a ton.
Also,if you have any tips about buying in dips that would be great since I will be chucking most of my money into these.

Thanks guys!

62
Shares / Re: All things ZA economic outlook
« on: November 11, 2013, 10:16:46 am »
I don't mean to be a pessimist but this is regarding the ZA economic outlook.Im looking at Zimbabwe,and Im looking at South Africa.How far off are we from Zimbabwe?

If the best profit we/me can make on  long term financial investments is around 30% PA(which would be great if inflation wasn't so much),is it really worth investing?

What about investing in  housing?Since housing doesn't require tax under the 3 year mark cgt,wouldn't it be more profitable to buy and sell houses?

I don't know,Im just speaking from a completely economically uneducated mind ,but I thought I would give this thread a bump since its kinda important.

Would investing in other countries be more profitable in the long run,due to their lower levels of inflation?

Once again,just throwing things out there to bump the thread,I don't know much about half of what I just said.

63
Shares / Re: Tax
« on: November 10, 2013, 11:38:42 am »
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?

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

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?

64
Shares / Re: SAtrixindi
« on: November 07, 2013, 04:24:49 pm »
Quote from: Nios on November 07, 2013, 03:50:23 pm
Let me guess...you're currently living in the UK   ::)

South Korea.Also,is anyone waiting for the 2013 stock market crash dip to invest?

65
Shares / Re: SAtrixindi
« on: November 07, 2013, 02:38:11 pm »
Thats great info to know.

Are you guys confident in the S.A market,specifically with stocks and the indexes,specifically the INDI(short term 3-5 year)?

I think I am convinced to buy into the INDI heavily(100% of my savings),but I fear the short term(3-5 years) depreciation of the rand and state of the country.Its clear to see,all around us.

But do you think it is still worth it?

OR Should I just keep some money here ,out of the country?

I am in the investment for the long term but if the country goes bad after 3 years Im taking the money out,if its still an option for me.

66
Shares / Re: SAtrixindi
« on: November 05, 2013, 01:45:01 pm »
Quote from: Nios on October 31, 2013, 08:55:39 pm
Quote from: Delusionsofgrandeur on October 31, 2013, 09:12:59 am
I would most likely be investing in property for income or a place to live when I need it.I do not own property,but I do work abroad.

I read your thread Gios.
Correct me if I am wrong,from what I read it appears that the INDI is the way to go for the highest return on financial/time/effort investment.

The Downside
Off course, this would mean I would have to rent and will not have an income should I return to S.A .I could always sell some of those stocks should I need them,cheers for the advice.

I'm not offering advice, you need to draw your own conclusions. I too lived overseas for a few year while renting my props out. I can tell you it was a freaking nightmare letting agents do it. You are so far away with no control. The minute I got back I started managing them myself and things improved. Still quite a pain though, especially when tenants vacate. Frankly had I invested in the Indi instead I would have much more capital today. There's so many variables with property though. Your case you're looking to purchase for yourself to live in one day, so different scenario. You never mentioned whether you were going to bond or not?

If you were going to buy cash, why not bond the property to a point where you'd break even every month once rented, let the tenant pay the bond while you abroad, claim the tax rebates on expenses and bond interest and then invest your cash lumpsum/monthly surplus in the indi. Like orca says, 3yrs holding period you'll only pay cgt. So if you going to be abroad for that period longer you'd probably be in a position to pay the bond off with your gains if it continues to grow as it has historically.
There's no guarantee that the indi will continue to grow at the pace it has over the last 5 years. But if it does, it will most definitely outpace residential property growth.

I heard that apparently its a great time to buy a house now.Is that true?


67
Shares / Re: SAtrixindi
« on: November 04, 2013, 02:47:44 pm »
Quote from: Orca on October 31, 2013, 03:40:05 pm
To get tax relief, one has to hold the shares for at least 3 years. No matter how good the stock might look now and it's future prospects for further growth, a time will come when it stops performing or tanks. This mostly happens before the 3 years are up and you are forced to make adjustments. You will be extremely lucky if all your stocks keep going up for 3 years. Almost half of your gains will go to tax. That is a waste of your time and money.
For that very reason I would just go for the Indi and chuck it in the bottom drawer.

1-Am I correct in assuming this advice is for someone who has no knowledge at all in investing in stocks aka me?Or is this just general info?

2-By "adjustments" do you mean selling?

3-This may be a silly question, Is there a small chance  that the INDI will plateau in value in under 3 years?


Also,what is the price of the INDI per share right now?I still haven't figured out my interface as yet.



68
Shares / Re: SAtrixindi
« on: October 31, 2013, 09:12:59 am »
I would most likely be investing in property for income or a place to live when I need it.I do not own property,but I do work abroad.

I read your thread Gios.
Correct me if I am wrong,from what I read it appears that the INDI is the way to go for the highest return on financial/time/effort investment.

The Downside
Off course, this would mean I would have to rent and will not have an income should I return to S.A .I could always sell some of those stocks should I need them,cheers for the advice.

69
Shares / Re: SAtrixindi
« on: October 30, 2013, 06:14:10 am »
Here's a random question.Will buying property(example,a flat)  in South Africa be a better investment that the  Satrix Indi in the longer run(3 years or more)?

70
Shares / Re: SAtrixindi
« on: September 06, 2013, 01:24:08 pm »
So would it still be safe to just invest in just the Indi long term?Or is a mix of indexes recommended?I'll investing long term.

Also Orca,what do you mean by "You can either pick 60% or 120%"?

Im really also worried by the state of the economy long-term,causing investments to be worthless.

Is it perfectly safe invest in Rands at the moment?

71
Shares / Re: SAtrixindi
« on: September 03, 2013, 10:19:12 am »
The rand has dropped a heck of alot since I sent my money home.Needless to say I lost allot of money(relatively) since the economy tanked.Will it be better to wait till the rand strengthens before I invest in The Indi?Or does it not matter when I start investing.

72
Shares / Re: SAtrixindi
« on: August 08, 2013, 11:31:05 am »
Quote from: Aragorn on August 08, 2013, 09:13:54 am
Quote from: Delusionsofgrandeur on August 07, 2013, 03:29:36 pm

Aragorn-So all I have to do now to make my money in my family members account legal and avoid any penalties and fee is to get the family member to declare the money to the South African Reserve Bank?If so,how do I go about starting this process for the family member in question to complete?


Hi Delusion
The money that you had transfered to your family members account would already have been declared to the SARB by them (or their bankers). Generally, banks don't release the funds to the account until the declaration is made, and is usually done by phone call anyway. See also my PM sent.

Hello.Apparently my family member did this already.The first time he had to go into the bank for them to show him how to do it.Afterwards he did it online.He said the money was received as a gift.How much tax was he charged?How much is donations tax and is there a way to avoid/re-claim it in the future?



73
Shares / Re: SAtrixindi
« on: August 07, 2013, 03:29:36 pm »
Quote from: Patrick on August 06, 2013, 05:03:28 pm
Equity Fund    10yr20.8    5yr11.4    3yr15.9    2yr14.8    1yr17.3
Benchmark    10yr20.2    5yr8.6    3yr18.1    2yr15.0    1yr21.0

80% of fund managers don't beat the market, and these guys are part of that 80%. Plus they'll give you the honour of paying extra fees to give you those lower returns  :D

But if I couldn't buy ETFs I'd still much rather give Allan Gray the money than putting it in the moneymarket or the bank or something like that.

Not sure about the taxes, but I have a large chunk with FOORD equity and the taxes appear to be minimal.

If you're thinking of going the UT route, spend some time on equinox. Here's why I went with foord rather than AG:
AG: http://www.equinox.co.za/unittrusts/funds/funddetails.asp?fundid=15722
Foord: http://www.equinox.co.za/unittrusts/funds/funddetails.asp?fundid=16294

This page is pretty useful too: http://www.equinox.co.za/unittrusts/funds/fundperformances.asp

So what you are saying is that when all is said and done(Unit trust fees,UT taxes etc),the Eft Indi will yield greater returns(short-medium-long term) than a Unit trust from Allen Gray or any other reputable investment company?

If so,by what percentage does the Indi beat a Unit trust like the AG Equity Fund or Foord Equity Fund ?


Aragorn-So all I have to do now to make my money in my family members account legal and avoid any penalties and fee is to get the family member to declare the money to the South African Reserve Bank?If so,how do I go about starting this process for the family member in question to complete?

Also,I have a foreign bank account that I can use to  transfer money into an investment company's account.

Should I leave the South African account alone until I get the funds declared and use my foreign account to transfer money to an investment companies account?


Orca-I just got word from Imara SP Reid that I can invest with them as well!All I have to do is Fill in an Affidavit and get it signed by any commissioner of oaths.

74
Shares / Re: SAtrixindi
« on: August 06, 2013, 02:55:01 pm »
I just found out that I have the option of investing with Allan Gray(Unit Trusts) using my family members bank account.The Unit trusts will be in my name.

Im assuming that if Allen Gray will accept this kind of transfer Coronation and whatever other investment companies should have the same rules.

I will offcourse invest aggressively in their Unit trusts.Any suggestions?

I know Unit Trusts are not popular at all among this community and Forum members.

What do you all think of this option?

What percentages of the profits will be taxed from the Unit Trusts.The Equity UNit Trust graph looks fantastic,but I don't know how much I will receive after Tax.

75
Shares / Re: SAtrixindi
« on: August 05, 2013, 01:28:48 pm »
I tried to re-open my account,this was the second time I tried.They said that the account cannot be re-opened, even though its under 2 years old.I have to open a new account and I have to come into the bank.I did not disclose that I was out of the country.

So Im not too sure what to do at this point.Pretty frustrating,my money has been  depreciating over these 2 years.

Any suggestions at all?Im kinda stuck.

Also,any suggestions of what to do with money that I have outside of South Africa?

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