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Messages - Hamster

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466
Off topic / ABSA Stockbrokers
« on: February 17, 2016, 01:46:54 pm »
So my accounts are open, just waiting for my other STANLIB accounts etc. to be closed and get the money transferred  :)

My question is with regards to the trading screen (I've only got real experience with buying and selling on EasyEquities so bare with me). On the screen I've got the option to buy with the following options:

Number of Shares
Order Type (always set to Limit Order)
Limit Price (cps)
Expiry Date

So am I correct in assuming that it is asking me to place an offer to purchase x amount of shares for x amount of money (cost per share) and that the offer is valid till x date? When the criteria is matched the order will execute else nothing will happen?

467
Shares / Re: The Rand
« on: February 16, 2016, 03:58:52 pm »
Quote from: gcr on February 16, 2016, 02:39:01 pm
Quote from: Orca on February 16, 2016, 01:50:15 pm
I read somewhere today that the ZAR could quite possibly strengthen to below R13 or even R10 to the USD. I think it was Moneyweb.
Yes - I read that as well - but it was issued by a financial advisor or an "economist" or an actuary or a politician  :LHST: :LHST: So no real credence there :'(

Roodt?

468
Shares / Re: The Rand
« on: February 16, 2016, 06:54:49 am »
I knew it!!! :D

Feel free to ridicule them though. In the past I've posted the same questions here and over there and the quality of responses are vastly different.

Regardless...

One should phase your offshore investments just like anything else and avoid lump sum rash decisions like pushing the bulk of your investments offshore when the Rand hits record lows (and NEWUSD, why ever?)

The same is happening with those punting gold. When it starts crasdhing hard there will be lots of tears over there.

Sent from my LG-V490 using Tapatalk

469
Shares / Re: TFSA (2016)
« on: February 12, 2016, 06:29:34 pm »
Quote from: jonb on February 12, 2016, 05:12:36 pm
@Hamster

Reading some old threads

You still going for STXIND / DBXWD / PPXTEN

50 30 10

or something like that ?

.............

If you use the easy equities platform.. do you get a platform charge on top of the actual ETF charge?  doesn't that add up ?
I dropped the PTXTEN in favour of more STXIND....but it is all about to change, hence the thread :)

Also, like Patrick noted, no platform charge on EE.

Also also, like Patrick said, I'm going to switch over to ABSA. If all goes well my account (TFSA and ETF Only) will be open on Monday. No monthly admin fee on those. I'll use ABSA for my long term investments and EE for some of the non ETF shares I like (AEA, NEP etc).

Why? Well two reasons.

1. EE is cheaper wrt TFSA because they subsidise a lot of the extra costs. But when their three year budget runs out and they haven't turned this into a profitable venture, what then. ABSA is almost just as cheap but I trust their longevity more. Unfortunately they do not do fractional shares which sucks.

2. The second reason I'm switching (and believe it or not, this is probably my main reason) is that I'm tired of investing on Candy Crush Investment Saga. Their block layout doesn't give me a proper overview of my holdings and that large portfolio value the people on the hill other side of town can see frustrates me.

Asked them via email, asked both the reps on MyBroadband (who asked for suggestions) and nothing came of it. Not that I consider myself important enough to be heard...but I hate their user interface and thats that.

470
Shares / Re: TFSA (2016)
« on: February 12, 2016, 05:05:28 pm »
Will not touch. Your TFSA is so small (relatively speaking) that it's just not worth any extra costs. Another reason so e ETFs may not be suited - TER too high

471
Shares / Re: TFSA (2016)
« on: February 12, 2016, 03:01:20 pm »
See that's what gets me. If you are in this for the really long term and use your TFSA for ETFs that don't payout a lot of dividends you'll be scoring only on the 20% (or whatever it is) capital gains. If you move that out of your TFSA, take the hit at the rate it is when you need it and score on 15% dividends tax on a quarterly basis for 20-30 years, surely you'll be saving more?

472
Shares / Re: TFSA (2016)
« on: February 12, 2016, 02:39:45 pm »
Quote from: jonb on February 12, 2016, 02:34:05 pm
@Patrick

I was under the impression all dividend tax is exempt in a TFSA ?



Here:
Quote
Deutsche Bank’s response to my question on how dividend withholding tax worked on its range of blue-chip exchange-traded funds (ETFs) was: "Section 64 (n) of the Income Tax Act provides for a rebate to be deducted from the local dividends tax payable in respect of a foreign dividend if that dividend was subject to foreign tax."[

As far as I understand that, it means the dividend taxes are already deducted in the US or wherever, so you do not get as much tax savings from holding them in a TFSA as you would by escaping the full 15% tax on dividends from local companies.

Aside from the tax issues, the MSCI World tracker is not particularly attractive from a dividend perspective since its dividend yield is only about 1.7%, placing it fairly low when ranking ETFs by their dividend or interest payouts./quote]
http://www.bdlive.co.za/opinion/columnists/2015/08/27/how-to-find-your-perfect-tax-free-saving-fund

473
Shares / Re: TFSA (2016)
« on: February 12, 2016, 12:46:12 pm »
So given the above you can possibly combine the BBET40 and NFGOVI with the MAPPSG and switch it to MAPPSP when you are close or in retirement. PTXTEN can possibly be replaced with STPROP which performs the same and gives better dividends.

Funny enough, he is ignoring all the other sectors except for property (no INDI, FINI or RESI). May be a smart move if you do not want to actively manage your TFSA and use it as "buy and forget"

474
Shares / Re: TFSA (2016)
« on: February 12, 2016, 12:43:42 pm »
So what Simon is proposing (bearing in mind I think this is for people who only save in a TFSA):

In retirement:
BBET40: 10%
NFGOVI: 40%
DIVTRX: 10%
PTXTEN: 20%
DBXWD: 20%

Within 10 years of retirement:
BBET40: 20%
NFGOVI: 20%
DIVTRX: 15%
PTXTEN: 15%
DBXWD: 30%

More than 10 years to retirement:
BBET40: 20%
NFGOVI: 10%
DIVTRX: 15%
PTXTEN: 15%
DBXWD: 40%

475
Shares / Re: TFSA (2016)
« on: February 12, 2016, 11:24:37 am »
What's his reason for sticking with those two? His had a couple of talks here with us before and seems to be on the ball so there must be a good reason he is picking those for this TFSA.

EDIT: Found the video

476
Shares / Re: TFSA (2016)
« on: February 12, 2016, 10:38:09 am »
Quote from: Strive on February 12, 2016, 10:15:11 am
Is there a particular reason why you're not including DIVTRX in your portfolio? In terms of growth and dividends, it seems to be pretty solid (perhaps not recently :P ) for the most part. I'm also wondering about including a Top 40, but not sure if it makes sense considering the other constituents. If you want growth, especially over the next 20 years, then focusing on the big returns of the more specialized trackers may make more sense. Could stand to be corrected here!

I looked at the DIVTRX, STXDIV and PREFTX. PREFTX aside (gives almost no growth), by my calculations the DIV ones don't seem to beat the others by that much if any. I think most of those companies are probably included via the industrial, financial and property sectors I'm targeting. Same deal with Top40s.  :)

Again I might be very mistaken so feedback will be appreciated  :whistle:

477
Shares / TFSA (2016)
« on: February 12, 2016, 09:52:45 am »
So it's been a year, I learnt a lot (fully aware of my n00b status still) and I'd like to get some ideas on what you guys think is the best make up for my TFSA. There was a JSE talk last night on the topic and the video will be posted later today apparently.

So initially I started of with DBXWD and STXIND in my TFSA. But further reading indicated to me that DBXWD in a TFSA is probably not optimal. Reason being that if I invest in DBXWD it is for the long term (I still have another 25-30 years to go before I retire) and all I'll be scoring on one day is not paying capital gains on my earnings (dividends on the it is almost non-existent plus foreign tax etc). Given that we don't know what capital gains will be in 30 years time I'm really seeing no benefit in having it in my TFSA vs having it in my normal long term investment account.

So, my current thinking is this:
GIVFIN - 25%
PTXSPY - 25%
STXIND/GIVIND - 50%

These give reasonable growth vs. dividends. The reason for combining STXIND and GIVIND is to offset the biggish weightings of companies like NPN (maybe split it 65% STXIND, 35% GIVIND).

I really want to come up with a weighting and stick with it for a long time. What do you guys think?


PS: Other considerations include Top40 type ETFs like NFEMOM, MAPPSG, MAPPSP and your regular RMBT40 types. MAPPSP gives better dividends but at the expense of growth. In fact it feels like a waste having a top40 in your TFSA although people like Simon Brown are gaga over the equally weighted one and have it in their TFSAs apparently.

478
Off topic / Re: Live chat
« on: February 09, 2016, 05:04:23 pm »
I don't like that heavy NPN weighting in the STXIND either. But I don't know how to fix it other than buying more Top40/PTXTEN or something to supplement my STXIND?

479
Shares / Re: Investing in SA or taking/leaving money overseas
« on: February 08, 2016, 06:26:13 pm »
Quote from: Patrick on February 08, 2016, 05:26:39 pm
Yes, open a US based interactive brokers account and buy VWRD on the london exchange. That's what I've done, and have bought for the last 2 months. I also couldn't find a cheaper international broker than interactive that would accept South Africans.
You have a link or is their name literally "interactive"?

480
Shares / Re: TFSA Portfolio Allocation
« on: February 08, 2016, 03:36:09 pm »
Quote from: Strive on February 08, 2016, 03:04:36 pm
Quote from: Mr_Dividend on February 08, 2016, 02:51:56 pm
Dividends are still taxed for overseas companies - so your only saving will be capital gains for the DBX funds, unlike SA ETF's where you obviously score on the dividend front. Just keep it in mind when deciding what's in the TFSA and what's out.

Huh, that's an interesting point that I hadn't considered, thanks for the heads up.  Over 15 plus years, that's going to have a pretty substantial impact on the returns over the tax-free ideal. I suppose there's a sweet spot between the gains from being exposed to the world economy, and the loss of the dividends from said exposure. Maybe 50/50 is a bit much?

Never knew. But then the dividends from DBXWD is so little they can just as well keep it.

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