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Messages - Orca

Pages: 1 ... 139 140 [141] 142 143 ... 152
2101
Shares / Re: Tax
« on: July 21, 2013, 06:10:30 pm »
While I'm on the subject of Donations Tax. A while back when I was more ignorant on tax matters, I thought I was clever by donating half my stocks to my wife to divide my tax burden. This can be done tax free and even my broker was about to transfer the stocks when I found out that it would not work.
According to SARS, any profits made on this donation will still be for my account. Not my wife's.

2102
Shares / Re: Tax
« on: July 21, 2013, 03:55:33 pm »
Delusionsofgrandeur has a problem now. He closed his FNB account and moved overseas. Then he decided to send money on a regular basis back to SA and had a family member open an account in that family members name and Delusion has paid R200k into it. Now it gets tricky as he also wants to trade it.

Firstly, his family member will be liable for tax on any interest on the R200k for his own account.
He can trade the money if his family member hands in a Power of Attorney letter allowing Delusion to trade it.
Now once again, any gains he makes will be for his family members account tax wise.
When he decides to come back to SA and his family member transfers everything into Delusion's new account, this family member will in effect be making a donation to Delusion and Delusion will have to pay donation tax.

My reply to him would be to reopen his old account as it should still be available and FICA'd with the help of his family here. Then he will make life much easier for himself and his family member.

Am I correct?


2103
Shares / Re: SAtrixindi
« on: July 21, 2013, 03:25:48 pm »
This gets a bit tricky as tax is involved. I have gone over to the Tax thread for further input.

2104
Shares / Re: Devastating market crash. When ?
« on: July 21, 2013, 12:10:20 pm »
Yes. They also had NPN fully valued 7 months ago. They also had CML fully valued at 2450. That's how stocks work Patrick. Most stocks get fully valued often and still can go up for months until results make them cheap again. Then go through the same cycle again.

That CML fully valued call by my broker was made before the last results and they were correct.

2105
Shares / Re: Devastating market crash. When ?
« on: July 20, 2013, 05:52:42 pm »
I would look into buying NPN with some circumspect due to the following.
My brokers calculation showed it as Fully valued 5 weeks ago.
The MACD also shows that she is overbought. I personally only buy when the gold mountain is below zero.
The RSI is also too high.
Now I see that she respects the BB's to a medium degree. Pushes up the top band which is normal. Has no respect for the middle 20 SMA band but bounces off the bottom band.
The channel has widened lately and she looks like she might be headed for the bottom band from the overbought short term area she is in. And that bottom band is waay down.

I personally would wait a while for an improvement in the above technicals.




2106
Shares / Re: Devastating market crash. When ?
« on: July 19, 2013, 08:22:46 pm »
Moon gone to sleep.

2107
Shares / Re: Devastating market crash. When ?
« on: July 19, 2013, 08:12:01 pm »
Moon. Gimme info. I know nothing about hedge funds or anything for that matter.

2108
Shares / Re: Devastating market crash. When ?
« on: July 19, 2013, 07:52:15 pm »
Geez. Was sweating awhile there. Thought I had downloaded a Naked pic of me.
Hey Patrick. How about adding that imodicon or whatever you call it to the others so we can moer each other.

2109
Shares / Re: Devastating market crash. When ?
« on: July 19, 2013, 07:45:05 pm »
Market Crash.

2110
Shares / Re: SAtrixindi
« on: July 19, 2013, 05:46:47 pm »
Here is a brokerage calculator. FNB looks good.

http://www.sharenet.co.za/v3/trade/broker_calc.php

2111
Shares / Re: Devastating market crash. When ?
« on: July 19, 2013, 05:26:29 pm »
A "devastating" market crash can only come out the blue like in 2008 with the Lehman Bros fiasco. We sailed through the Greek saga and Fiscal Cliffs etc. There are no crashes in sight. We had a good year and everything is improving.
This thread should have been called "Market Correction. When ?".

2112
Shares / Re: Gold & Gold Shares
« on: July 18, 2013, 08:13:30 pm »
Now what would you choose? Indi as an average performer or BIL?

2113
Shares / Re: Gold & Gold Shares
« on: July 18, 2013, 08:08:31 pm »
Quote from: gcr on July 17, 2013, 11:34:48 pm
Quote from: Orca on July 17, 2013, 07:29:58 pm
NO no. jaDEB. :wall:
BIL went up lekka today but will go down just as lekka tomorrow. :frustrated:
Leave gold and ALL resources alone now. Start making money FFS. WTF are you doing? :frustrated:
You are loosing your money plus your boet's and and the other family members money.  :'(
Orca - nothing wrong with BIL I have been buying up small parcels when ever they dip - I think that most shares are pretty volatile and have been ever since May. I have been buying in the R 274 range but if it dips below this level I will buy more - but my ceiling is that I don't want to invest more than 15% in any one counter and it is sitting at 12% currently. I do think that one needs to steer clear of the small miners until labour unrest stabilises - I see Village will now start firing their staff

Here is BIL. Doing nothing. Trading only. No long term gains.

2114
Shares / Re: Exchange Traded Funds
« on: July 18, 2013, 05:45:42 pm »
Good growth, good divies. If the price tanks then so does the divi. In a good year you might get 6 or 7%. Could you live on that? I would rather go for a Fixed Deposit at a bank and still get 6% pa AND my cash will not be affected by markets.
STXDIV sucks. Go for better returns like the Indi and withdraw what you need and pay taxes. You will be better off. That is what I'm going to do.
6% divi with STXDIV cannot compare to 35% Indi less tax if you know what I'm saying.

2115
Shares / Re: SAtrixindi
« on: July 18, 2013, 05:19:26 pm »
Quote from: Patrick on July 18, 2013, 03:45:32 pm
Do you have a south african bank account? It'll already be fica'd so you could simply add share trading to that.
He does say that he has R200K in FNB but I don't know how good their platform is.

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