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Messages - Orca

Pages: 1 ... 13 14 [15] 16 17 ... 152
211
Off topic / Re: Live chat
« on: December 05, 2017, 06:29:02 pm »
CGT sucks here but mortgage and even rent is tax deductible. A portion of your food also as is your non working kids and spouse.

212
Off topic / Re: Live chat
« on: December 05, 2017, 02:32:31 pm »
That FIN24 article is a bit misinforming. Portugal has a 50% inclusion but only for fixed property. Shares have a 100% inclusion rate.

213
Off topic / Re: Live chat
« on: December 01, 2017, 08:35:14 pm »
Zar up 3.7% for November despite the downgrade beating 21 of it's 22 emerging market peers. Look how well the Brazilian market performed after all 3 agencies downgraded it to total junk.

214
Shares / Preference Shares.
« on: November 27, 2017, 01:38:41 pm »
I should have invested all my money in this preference share 3 years ago and I would still have all my capital left. Instead I now have a drawdown of about 40%.
It pays out 12.5% pa monthly and the only tax you pay is Withholding tax on dividends and your capital is guaranteed for the 5 year investment period.
https://www.ecsponentlimited.com/products/five-year-fixed-rate-income-provider-class-d/

215
Shares / Re: My retirement blog.
« on: November 15, 2017, 02:39:20 pm »
Hi Orca, I've been trying to work out how to receive your posts to my email but I'm too doff!!  Please help . tx rond
I don't think it can be done and I don't post much anymore as we are pretty much house bound with my wife's feeding tube. I have to give her 150 ml water every hour as she tends to get it into her lungs if drinking orally.

Radiation and chemo therapy does get rid of cancer but not the cancer stem cells. They can remain in remission for many years and to keep it in remission I have to pump soup into her with lots of cayenne pepper, turmeric and cumin. She can eat bland food as her taste buds are overly sensitive.

She has picked up 11kg since leaving hospital and climbs 83 stairs down the flat and back up unaided every day. This is a great improvement as she could not lift herself up 1 step unaided 2 months ago. :TU:

216
Off topic / Re: Live chat
« on: November 14, 2017, 08:05:45 pm »
ADI has a great CEO and management team that are hell bent on growing the company hence their frequent acquisitions. This is why they only pay divies once a year at a low percentage. These acquisitions hurt their results and frighten investors. The past 5% increase in HYE HEPS is great despite their new acquisition. I will hold as they have enough cash to make more acquisitions. They are in competition with EOH as the CEO said. 

217
Off topic / Re: Live chat
« on: November 13, 2017, 09:29:16 pm »
ADI is about 20% of my portfolio so I'm not too concerned or worried at all. I obviously don't like the fall in price but it is overdone and out of favour but it I will keep it as it will perform after the next results. Their latest acquisition will add to their income as it was a big expense with the last results.

218
Off topic / Re: Live chat
« on: November 03, 2017, 07:04:57 pm »
Buying stocks have become a gamble so perhaps the index method is the best way forward. I have always liked STXIND as it was the best performer for many years and looking at the 10 year chart I think I should sell all my individual stocks and buy into it. Then I will only hold DIVTRX and STXIND.

219
Off topic / Re: Live chat
« on: October 29, 2017, 12:36:04 pm »
So far this year, Brazil's Bovespa index has climbed 23.4 percent despite political turmoil surrounding unpopular President Michel Temer and his key allies. Brazil was downgraded to junk 1 year and 9 months ago.

220
Shares / Re: My retirement blog.
« on: October 25, 2017, 08:42:41 pm »
I forgot about yozzi's question as to expenses so here goes:

I pay €375 for a fully furnished 2 bed flat and it is modern.

My rent plus utilities plus TV, unlimited internet and food amounts to €580 pm. This does not include entertainment as it differs with lifestyle.
A car is not needed here as public transport is great.

221
Shares / Re: My retirement blog.
« on: October 25, 2017, 07:59:49 pm »
Thanks for all the heads up and the new heart for MP.

My city of choice would be Porto. The Algarve and Lisbon are too expensive for me but cheaper than most western and central EU countries. Prices are probably the same as Cape Town.

I love the sea so have only commented on coastal towns and cities but if you want cheaper in the south then go inland. The smaller towns have large spaces between houses that are utilized for veggies. Porras love growing veggies and sharing them with neighbors. Finding a pumpkin and some kale on your doorstep in the morning will not be unusual according to the PT expat Forum.

The beaches in the Algarve are very pretty. Only problem is that when you get older they are difficult to get to due to the steep inclines. Some beaches shown in pics you would need to abseil to.
In the Faro area you would have to swim across the very long lagoon to get to the beach.

This is why I love the north. Greener and more accessible beaches. And much cheaper.






222
Shares / Re: My retirement blog.
« on: October 24, 2017, 05:59:27 pm »
Orca, when the chips are down how do you cope? I hope for you that mrs's health improves

I'm not at all religious but I prayed for the first time in my adult life as did a hundred friends and family. I also thought I was like a cowboy as they only cry when their horse dies. I shed some tears with our girls when things looked dire and this made us stronger as a family and we can beat all odds together.

This is all behind us now and at the rate of her recovery she would be back to normal in a month.  :TU:

223
Shares / Re: My retirement blog.
« on: October 20, 2017, 09:21:24 pm »
Thanks for all the good wishes. Most cardiac arrest patients die from it and many patients with pneumonia also expire and only 25% of patients with acute sepsis survive. She had all of this and survived even with cancer.

The doctors were also surprised that she survived with all of the above. She has now picked up 10 kg from 45 kg to 55 kg. She now walks up 120 steps and down again every day with no problem.

Time to start our explorations again. Perhaps back to Porto as it has become our second "home" and I love this city. So much to see and so easy to get around. The metro is so simple that not even I could get lost.

Lisbon is too expensive as is the Algarve. Patrick may attest to this.

The best part is that if you live in a city you would not need a car as the metro trains are 5 minutes apart and takes you to all areas of the city in half the time. Cost is about €1,2 per zone and €2,5 to the outskirts.

All suburbs (parishes) have supermarkets within a 8 minute walk or less and smaller shops within your block so no need for a car here. Pubs are literately on every street as are bakeries and veggie shops. Farmers markets are once per week in every parish and some are permanently located such as fishmongers and butchers.

This all makes living here so cheap.




224
Shares / Re: My retirement blog.
« on: October 20, 2017, 10:53:33 am »
Thank you @bw. Yes. she is very well but still has her stomach tube as her taste buds have not returned to normal yet. Some foods are too foul tasting for her so we are still somewhat housebound. It will come out end November then we can get completely back to normal.

225
Shares / Re: Investment Strategies for Nomads
« on: October 19, 2017, 05:05:18 pm »
That old law has been amended about 4 years ago but I have not yet read it.

If in any year you are not present for at least 91 days you will be regarded as non resident and all your assets will be regarded as sold on the day before you last left SA.
However, your primary residence will not be deemed as sold. Only when you actually sell it will CGT be apply.
SA has sole rights to CGT on all real estate but not movable property such as securities when you are non resident.
Don't take me advice as it gets complicated but get professional advice before you become a nomad. 

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