2041
Show Posts
This section allows you to view all posts made by this member. Note that you can only see posts made in areas you currently have access to.
2042
Shares / Re: SAtrixindi
« on: August 07, 2013, 06:09:11 pm »
Delusion, if you go with Imara stockbrokers for investing, they are great. Been with them since 2007.
2043
Shares / Re: SAtrixindi
« on: August 07, 2013, 05:59:20 pm »
STXIND 
Less volatile than most stocks on the JSE as well. Has not had a correction by itself in years if ever. I can kick my ass for using Fund Managers for years when I could have simply invested in the Indi. 
Less volatile than most stocks on the JSE as well. Has not had a correction by itself in years if ever. I can kick my ass for using Fund Managers for years when I could have simply invested in the Indi.
2045
Shares / Re: SAtrixindi
« on: August 07, 2013, 09:40:42 am »
He can bypass the banks and send the money directly to a broker. The foreign exchange rate will be done on his side by his bank. His brother can then deposit the money into the brokerage account.
Most of us opened a brokerage account via email and post anyway.
I sent money to a broker in Ireland. Did it all by fax. Simply got tax clearance from SARS with the total amount to be sent for the tax year and handed it in at ABSA and voila...
Most of us opened a brokerage account via email and post anyway.
I sent money to a broker in Ireland. Did it all by fax. Simply got tax clearance from SARS with the total amount to be sent for the tax year and handed it in at ABSA and voila...
2046
Shares / Re: Oceana Group Ltd
« on: August 07, 2013, 09:06:31 am »
I did warn you that she is often in the biggest movers of the day. Up and down but her trend is up so she should regain that today. Big move on low volume.
2047
Shares / Re: SAtrixindi
« on: August 06, 2013, 05:40:22 pm »
Perhaps I should have added that even though UT's trade within the UT, you are not taxed on the activity. Only when you sell the UT or part thereof.
Am I correct Moon? You the tax guy here.
Am I correct Moon? You the tax guy here.
2048
Shares / Re: SAtrixindi
« on: August 06, 2013, 05:30:30 pm »
You only pay tax when you sell. If you keep your stocks for at least 3 years and then sell, you will have to add 33.3% of your gain less the R30k exclusion to your local income and then get taxed on the result.
As you have no local income you will probably not pay any tax.
If you sell before the 3 year term, you get no exclusion and 100% of your gain must be added to your local income. Simple as that.
I strongly recommend you invest in Satrix Indi for the best gains. Perhaps you can do it via satrix.co.za website instead of UT's via Allan Gray.
As you have no local income you will probably not pay any tax.
If you sell before the 3 year term, you get no exclusion and 100% of your gain must be added to your local income. Simple as that.
I strongly recommend you invest in Satrix Indi for the best gains. Perhaps you can do it via satrix.co.za website instead of UT's via Allan Gray.
2049
The Investor Challenge / Re: investor challenge
« on: August 06, 2013, 10:35:37 am »
gcr You are correct and I agree that more contestants will start gambling from now and go for broke as its "just a game".
To save what's left of the present challenge I would say that Patrick should revert all those 1 and 2c stocks back to cash and add on the introduction page that these will not be allowed due to liquidity problems. In red.
You are correct and I agree that more contestants will start gambling from now and go for broke as its "just a game". To save what's left of the present challenge I would say that Patrick should revert all those 1 and 2c stocks back to cash and add on the introduction page that these will not be allowed due to liquidity problems. In red.
2050
Shares / Re: Commodities
« on: August 06, 2013, 09:42:54 am »
A scary chart of S&P 500 vs Commodities index.
There should be some correlation all the time but it lasted till end 2012. Something is bound to happen as this is not sustainable.
There should be some correlation all the time but it lasted till end 2012. Something is bound to happen as this is not sustainable.
2051
The Investor Challenge / Re: investor challenge
« on: August 05, 2013, 05:18:42 pm »
Taxing a sale will get too complex. What if I made a loss? As will averaging up and down. A penalty of sorts will have to be implemented as some guys will abuse the game if there are no limits pm.
Selling once during the year will make you a trader and as all the contestants will sell at some stage, we will all be on equal footing as traders.
We will have to minimize the trades and set a penalty to replace tax.
I would say -2% plus costs for gains and zero plus costs for losses as the losses are a punishment for picking cr@p stocks anyway.
The issue of guys buying or selling on spikes and small volume will have to be addressed.
Selling once during the year will make you a trader and as all the contestants will sell at some stage, we will all be on equal footing as traders.
We will have to minimize the trades and set a penalty to replace tax.
I would say -2% plus costs for gains and zero plus costs for losses as the losses are a punishment for picking cr@p stocks anyway.
The issue of guys buying or selling on spikes and small volume will have to be addressed.
2052
The Investor Challenge / Re: investor challenge
« on: August 05, 2013, 04:01:06 pm »
I agree with Bundu.
2053
The Investor Challenge / Re: investor challenge
« on: August 05, 2013, 03:56:10 pm »
I presume you don't mean trading futures as such. Only occasional selling and buying of investment stock.
It won't be worth selling a stock after say 6% profit if you only going for maximum gains so I would say 1/month. That way you can get rid of a bad stock or a stock that gets bad news SENS.
It won't be worth selling a stock after say 6% profit if you only going for maximum gains so I would say 1/month. That way you can get rid of a bad stock or a stock that gets bad news SENS.
2054
Shares / Re: SAtrixindi
« on: August 05, 2013, 02:30:09 pm »
If he can't do that then he can give POA to his brother to open an account on his behalf.
2055
Shares / Re: Past performance and future?
« on: August 05, 2013, 02:24:14 pm »Orca did you buy Omnia?I had 3 choices. EOH, OCE and OMN. Realy wanted EOH as it is a better performer but it is on a peak as is OCE. OMN does around 40-50% and was my third choice.
I bought OMN for the competition just before open as it was down the previous day but by the time I placed a real order on the JSE, it was up 2.5%. The next day another 2%.
Now I have cash with nowhere to put it.