2086
Eish, and that is not even taking divies into the equation. 
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2087
Very interesting. To me anyway.
Taxable income = [number of shares sold X price] minus [number of shares sold X base cost]
Withdraw R30k pm for one year = R360k
Taxable income = R93 780.00 which is under the threshold so no tax.
Had you invested R2m in a hypothetical 60% pa performer or 5%pm and withdrawn R30k pm then after one year, your portfolio would grow to R3.114m.
Taxable income = [number of shares sold X price] minus [number of shares sold X base cost]
Withdraw R30k pm for one year = R360k
Taxable income = R93 780.00 which is under the threshold so no tax.
Had you invested R2m in a hypothetical 60% pa performer or 5%pm and withdrawn R30k pm then after one year, your portfolio would grow to R3.114m.
2088
For those that don't have a pension fund like me and use their investments for income. It just hit me. A dodo as I am with tax.
I was under the stoopid impression that if you withdraw R30k pm then as a "trader" you must add that R30k as income. Not so.
It is the diffs between the base cost and the present price when you sell and it is a fraction of the R30k that I thought it was.
Will do some more sums this weekend using Moon's video and post back. Thanks Moon.
I was under the stoopid impression that if you withdraw R30k pm then as a "trader" you must add that R30k as income. Not so.
It is the diffs between the base cost and the present price when you sell and it is a fraction of the R30k that I thought it was.
Will do some more sums this weekend using Moon's video and post back. Thanks Moon.
2089
Off topic / Re: Math lesson
« on: July 25, 2013, 05:46:08 pm »
Great one Moon. 
How did you know I was doing calculations all day?
How did you know I was doing calculations all day?
2093
Off topic / Re: Under attack!
« on: July 24, 2013, 07:10:28 pm »So your main site is a dating site. No wonder jaDEB said that his can't go up anymore and mine just goes up and down all the time.
Orca, if my "" goes up, you should be able to see it from the cape. When it is overcast there by you it is not all ways clouds.
:laugh:
Wot you smoking? Good one.
2094
Off topic / Re: Under attack!
« on: July 24, 2013, 11:14:39 am »
So your main site is a dating site. No wonder jaDEB said that his can't go up anymore and mine just goes up and down all the time. 
2095
Shares / Re: Pulverized Sand Box
« on: July 24, 2013, 09:49:32 am »Classy reply. Liquid diet?I still think this will go up.....Are you talking about gold or your dick?
Naah. Liquid stocks.
2096
Shares / Re: How does the satrix indi do so well?
« on: July 24, 2013, 09:46:34 am »
I suppose you right gcr. I was just imagining how it worked long ago. Perhaps 40 years ago?
2097
Shares / Re: Pulverized Sand Box
« on: July 23, 2013, 07:50:59 pm »I still think this will go up.....Are you talking about gold or your dick?
2098
Shares / Re: Today's Outlook
« on: July 23, 2013, 06:47:23 pm »
Local: MTN CFO resigns under investigation, Barclays to relinquish ownership of its African operations to Absa in exchange of a 62.3% shareholding.
At the risk of quoting myself
ASA up today 6.04%, MTN down -2.78%
ASA to change its name to Barclays Africa or something as of next month. This was made known last month and the price shot up substantially and then retreated back to where it was.
2099
Shares / Re: How does the satrix indi do so well?
« on: July 23, 2013, 06:38:47 pm »I am in stxind now over 18 months and has returned 60.7%. The divi is not great, about 1% i think and paid every 3 months.
Well chosen franz.
Now you beating most if not all UT's all by yourself. No management fees as well. Only minimal admin fees if done on the JSE via a broker. If only I had known this 20 years ago. Ummm...... Actually it would not have worked back then. Only hit me now as I was typing.Twenty years ago you would have had to buy the Sunday Times to get the price. Then schedule a time and day to see your bank manager. A week later you in his office and discuss the price you saw a week earlier. He gets on his phone and winds the handle 3 times to get a telephone operator who connects him to some broker in a smoked filled sleazy office somewhere. He in turn goes through the same procedure to connect to his aid at the JSE who immediately sends a telegram to the company saying that a customer wants to buy shares of a certain amount. Three days later he gets back to the bank manager with a price. He phones you and you agree even though the price has change significantly. Now you have to wait a week for the share certificate sent by post.
Now try and sell it. Eish.
Why am I rambling?
2100
Shares / Re: How does the satrix indi do so well?
« on: July 23, 2013, 01:47:22 pm »
You must also consider the fact that the first of the five years it was in the 2008/9 crash. Look at the 4y or 3y chart to get proper figures. My average is closer to 34% without divies.