Share Forum - Discuss JSE shares and join the Investor Challenge

Luckily only had 10% CML in my main account - had about 70% in my little account though, so basically placed a R40K bet 

Lesson 275 on how not to invest - completed

 

Ouch Orca - maybe give it a day or two - as you say, probably a bit oversold at the moment - PE was around 17, so not expensive. I am hoping they keep the dividend the same. BTW have been looking into camper vans - around 10,000 pounds gets you a nice 2 berth with toilet. Just playing with the idea of a cheap flat over here and a camper van there for 6mnths/6mnths.

BTW - how are you working out capital gains? As they do not give you "average cost" - and you also dealing in fractions of shares, it does become a bit of a pain - entailing quite a bit of manual record keeping. Actually Patrick, while you chatting to them - would you ask them if they do send out CGT statements? And Dividend declarations for that matter - and if so, when?

In fact, why don't they just sponsor (and answer!) I sub forum on here - make life easier for us... 

Good topic - I think anybody would be silly not to make use of it. Of course, some of these tax free savings accounts are jokes - you can get more saving with Capitec (9.2% last I looked). ETFSA also has a couple of products to look into - they are charging 1% on top of the ETF's fees - but will work for some, esp those that want to invest monthly.

On a tangent here, I wonder if there are enough BBE deals out there to be able to form a BBE ETF.

Anyone want to join me shorting KIO on Monday P/T R100

You going to be the only one in SA shorting KIO on Monday.

The rest will be enjoying the holiday.

This is so annoying, 10th consecutive night without electricity. 20:00 to 22:30. Should have stayed in London, why oh why did I return?

The weather. Definitely the weather.

BTW a cheapish 500w inverter (around R1000) attached to you car battery and run through to your tv with extensions, should at least keep your TV/DSTV going for a few hours.
 

Composition of tax free investment
Requirements in respect of composition of certain tax free investments
14. (1) Where any part of the value of a tax free investment is determined
directly or indirectly with reference to any financial instrument that is a share, not
more than 10 per cent of the value of that tax free investment may be derived from
shares in any single company.
(2) Where any part of the value of a tax free investment is determined directly or
indirectly with reference to any commodity, not more than 10 per cent of the value of
that tax free investment may be derived from that commodity.
(3) Where any part of the value of a tax free investment is determined directly or
indirectly with reference to any financial instrument issued by—
(i) any public entity that is listed in Schedule 2 or 3 to the Public Finance
Management Act, 1999 (Act No. 1 of 1999);
(ii) a municipality as defined in section 1 of the Local Government Municipal
Finance Management Act, 2003 (Act No. 56 of 2003); or
(iii) any foreign government which has been assigned a foreign currency sovereign
rating lower than that of the Republic of South Africa,
not more than 30 per cent of the value of that tax free investment may be derived
from any one of those financial instruments.
(4) This regulation does not apply in respect of any financial instrument in
respect of a collective investment scheme.

Bolded part maybe?

To true MP - I haven't visited a DVD shop for over a year.

Ja, at my low income level it's pretty small, at most 6% - how depressingly, er, nice.  I am not a fan of giving the ruling party money for first class flight and tires for their BMW SUV's no matter how many I save from their "cardboard palaces".

Orca, I think I read you fished - have you tried wetting a line in that part of the Atlantic?

Free campsites? Just give me a sec to find a stick and an extra large handkerchief...for money I'll introduce car guards - setting myself up to eventually  becoming The Don of car guards - I like it!