I thought SA had the best tax system in the world. Here, whatever you buy or service you pay for that may be tax deductible, your tax number is included in the transaction. For instance in medication your health insurance payments, doctors fees, nursing home costs etc are automatically entered into the tax system. When you do efilling, the totals are already populated for you. Now how cool is that!
Spouses fill in one tax return with both incomes combined together. This sucks if both work.
Shares held for 12 months are considered Capital and if sold, you would not pay CGT if you acquire shares in a different company with the proceeds. The same applies to property, primary or not.
I see British American Tobacco is No. 2 on the list. Personally, I would not buy it due to:
Australia has made it a criminal offence for anyone born after 01/01/2000 to smoke. Tasmania is considering to ban tobacco outright. This may spread to other countries. Smokers are trending towards e-cigarettes. In France, 400 000 smokers have changed to e-cigarettes. In the UK, 500 000 have.
This is a big concern to tobacco Co's as e-cigs uptake will increase exponentially.
I watched that one as well Nios because I have for many years stated that Momentum Stocks are the winners. I have always used this strategy since the crash of 2008/9 with astronomical results with much shouting from forum members. It is one strategy I believe in 100%.
I combine the 2 methods to increase the weighting of picking superior stocks.
The combination of the 2 will still spit out DSY, ADI and CPI in the mid caps. The large caps have less returns over time. Mid caps are after all, the future large caps.
Good blog P. My relatives have always wanted me to BUY a house instead of renting as they all had massive homes and we did not. We rented all our lives. My argument was and still is....A primary home is by no means an investment. Not by a long shot. It is a lifestyle expense.
A second property is even worse. What returns do you make if you are not renting it out? 9%? Renting it out exposes you to Non payment and destruction of your property.
My investments by far are superior to my rental payments. Had I used my savings to buy a house, I would most definitely not been able to retire early.
Some might say, what if your contract expires? Good, I say. Then I just move on to a new place. I love change. New surroundings is like a holiday. I am free of the shackles of property ownership and can live where it pleases me.
http://www.justonelap.com/webinarDetail.asp?intWebinarID=250 Warning. This is a webinar that uses data and is rather lengthy. You must register to watch it. A well presented webinar on how to pick winning JSE stocks. A real eye/brain opener.
jaDeb should listen to his view on mining stocks. It is presented by SIMON BROWN.