31
And R55 to draw out cash - not too bad.
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34
Shares / Re: My retirement blog.
« on: April 26, 2018, 07:27:55 pm »
Cheers for the update Orca. Will also be visiting family in the Uk in the next couple of months - I am not expecting snow, but being the UK, who knows!
On your move to Portugal ( now with added hindsight), what would you have done differently?
BTW - my portfolio also hasn't been great - but am slowing regigging it to be anchored by ETFs
On your move to Portugal ( now with added hindsight), what would you have done differently?
BTW - my portfolio also hasn't been great - but am slowing regigging it to be anchored by ETFs
35
Off topic / Re: Taking the plunge to EE or not
« on: April 18, 2018, 10:52:29 am »
Although I feel that GT247/EE is trustworthy, some funny things have happened over the years that make me feel you need to check regularly that they doing what they meant to be doing - like allocating dividends properly. Their staff frequently seem very ill-equipped. For those that are looking for a reasonably priced full-service broker - might be worth checking out PSG.
https://www.psg.co.za/wealth/stockbroking/local-shares/how-to-invest#Direct-client-fees
around R35 p/m and R100 min trade - so cheaper than ABSA in both respects PLUS have a few other bells and whistles. That said, have not used them so would be interested to hear from those that do.
For me, the next move will be overseas - so will not be switching to EE from ABSA - but any rebalancing I do, I will move that money over to EE - so will not be buying on ABSA again.
https://www.psg.co.za/wealth/stockbroking/local-shares/how-to-invest#Direct-client-fees
around R35 p/m and R100 min trade - so cheaper than ABSA in both respects PLUS have a few other bells and whistles. That said, have not used them so would be interested to hear from those that do.
For me, the next move will be overseas - so will not be switching to EE from ABSA - but any rebalancing I do, I will move that money over to EE - so will not be buying on ABSA again.
36
Shares / Re: ABSA stockbrokers becoming more expensive
« on: April 09, 2018, 11:46:30 am »
Talking about the standard account. As you say the TFSA is free to move.
For those that are interested is R171 per counter - going up to R200 in May.
For those that are interested is R171 per counter - going up to R200 in May.
37
Shares / Re: ABSA stockbrokers becoming more expensive
« on: April 09, 2018, 11:32:00 am »
Excellent - For me, I do trade with my TFSA - so will leave it as is for the moment. My main account has 23 counters - will just find out how much it will cost to move to EE. Thinking it might take 3 - 4 years or so to recoup the cash(depending on how much they increase the rates). Might do a bit of Tax/loss/resetting - offsetting some fees.
39
Shares / Re: Help with calculations!
« on: March 25, 2018, 10:23:40 pm »
To be fair, your local also has a huge overseas component - so it's more like 75/25 - which is a good thing. Overseas, a 4% draw down (and upped every year by inflation) is recommended - as in, in almost all scenarios, the person never runs out of money. The further you push it, the more likely you might run into problems. 5% is not too far out, but tweaking the budget might be worth it for the first few years and see how it goes.
Also, of course, look at being tax efficient.
Might be worth putting R500k in a couple of high yielding property REITS - some paying 12-16% - (TEX, DLT, TWR) - might get you close to 5%
4 % on 5mill and 12% on 500K gets to R260K vs R275. That said, the full amount gets added to income vs capital gains rules for the rest so might not be as attractive depending on your tax situation.
Also, of course, look at being tax efficient.
Might be worth putting R500k in a couple of high yielding property REITS - some paying 12-16% - (TEX, DLT, TWR) - might get you close to 5%
4 % on 5mill and 12% on 500K gets to R260K vs R275. That said, the full amount gets added to income vs capital gains rules for the rest so might not be as attractive depending on your tax situation.
43
Shares / Re: Cherrypicking & Tapouts
« on: January 03, 2018, 09:46:02 pm »
Eish. Have a Honda Shadow with a huge seat. 150km and that's me done. 6 '6, 115kgs and a backside of a princess. 
So well done, that's a decent ride!
So well done, that's a decent ride!
44
Shares / Re: I haven't worked for four years...
« on: December 19, 2017, 10:19:12 pm »
well done GCR - unfortunately my stock picking abilities are not what I would like - or at least, the market does not agree with me! Main problem was that i had way to many small caps. But instead of sorting that out, will go the predominantly ETF route, because even though I find it boring, I do know it makes sense.