2191
Shares / Re: Oceana Group Ltd
« on: June 27, 2013, 03:15:40 pm »k, ABBA stopped and replaced by Chris Rea and some Oasis.
You see. Reprimanding your stocks when they misbehave works every time.
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You see. Reprimanding your stocks when they misbehave works every time.
2192
Shares / Re: Oceana Group Ltd
« on: June 26, 2013, 07:22:02 pm »OCE stop acting like CML now. What is wrong with you?NO no no. OCE will go down if you compare it to CML.
You must say, "OCE what is wrong with you. Look at CML and follow her. You looking at Sole fish on the bottom of the ocean. Go get the Snoek on the top now.
2193
Shares / Re: How does the satrix indi do so well?
« on: June 25, 2013, 05:54:46 pm »
I must say that it is great to have the 2 indexes highlighted. What a big diffs between the 2. The blue chip heavy 40 always lags behind the Indi by a long shot and has done so for many years.
Makes me wonder how many lagers below the STX40 will opt for the Indi in next year's competition or buy it for their real portfolios. I surely will when I retire.
Makes me wonder how many lagers below the STX40 will opt for the Indi in next year's competition or buy it for their real portfolios. I surely will when I retire.
2195
Shares / Re: Oceana Group Ltd
« on: June 24, 2013, 06:47:12 pm »
We all sweating with our RED portfolios. Me with my 6.5% drop with PNC today as well. They will gain this back in no time. Just watch. And change that ABBA CD.
2196
Shares / Re: Oceana Group Ltd
« on: June 24, 2013, 05:31:19 pm »
Is OCE not ex today? If so then -9% is no big deal. It is a small cap and has low volumes. And ABBA? If you want to torture me then play ABBA. Geez man. They suck.
2197
Shares / Re: How does the satrix indi do so well?
« on: June 24, 2013, 05:20:27 pm »
Might be cheaper later. One will never know and timing the bottom is impossible.
2198
I have learned my lesson. If you sell, say R1M after a 50% gain and you are in the 40% tax bracket, you will pay an amount of R193 600 tax on your R500k gains after the R16k costs as it will be revenue.
Now as you probably do not have the extra cash on hand, you will withdraw the money from your cash account at your broker to pay SARS. This will leave you with R806 400 in your investment account. A loss of just under 20%.
If you expect the market will drop by more than 20%, then by all means, sell.
I will hold even though I know the VIX is high.
Now as you probably do not have the extra cash on hand, you will withdraw the money from your cash account at your broker to pay SARS. This will leave you with R806 400 in your investment account. A loss of just under 20%.
If you expect the market will drop by more than 20%, then by all means, sell.
I will hold even though I know the VIX is high.
2199
Quote
Thread split from the investor challenge thread - Patrick
Now you pay tax on your gains as a Trader. Every cent that you gained will be added to any other income you have and be taxed accordingly.
Had you kept the stocks for 3 years, then only 25% of the gains will be added to your income and that is a BIG difference.
In this competition YOU are a fund manager and if you sell your clients stocks before the 3 year rule, they will be taxed as traders.
Moral of the story is: Pick long term stocks. Not trading stocks. This is after all an investment competition.
2200
Shares / Re: Devastating market crash. When ?
« on: June 21, 2013, 05:46:53 pm »
I normally don't give views because I don't have any but I give views that I read and listen to from financial analysts.
No crash expected. Ben's speech yesterday about the QE to "ease" off at year end or early next year if economics allow spooked investors. This will not last as they will very soon realize that the "easing off" will actually only happen when the economy starts to recover.
No crash expected. Ben's speech yesterday about the QE to "ease" off at year end or early next year if economics allow spooked investors. This will not last as they will very soon realize that the "easing off" will actually only happen when the economy starts to recover.
2201
Shares / Re: Oceana Group Ltd
« on: June 20, 2013, 12:09:40 pm »
jaDEB, you must be seasick without OCE. From No. 1 spot to the very bottom then back to 4 and now 320.
Anyways, here is a comparison chart of OCE vs STXINDJ and STX40.
Anyways, here is a comparison chart of OCE vs STXINDJ and STX40.
2202
Shares / Re: Oceana Group Ltd
« on: June 19, 2013, 06:51:24 pm »
SENS last week. OCE has taken over Foodcorp.
Description of the primary business of Foodcorp Fishing Division
The Foodcorp Fishing Division is active in three sectors of the South African fishing
industry. The largest business is in the small pelagic sector and includes pilchard
and anchovy fishing rights, purse seine vessels, a canning and fishmeal processing
facility and the Glenryck trademark for canned pilchards (?the Glenryck Trademark?).
Hake deep sea trawl is the second largest business and comprises fishing rights, deep
sea trawlers and on-shore processing facilities. Specifically excluded from the
Transaction are the west coast rock lobster and hake long-line fishing rights of the
Foodcorp Fishing Division.
The Transaction would increase the Group?s South African fishing rights in pilchard
from an allocation of 14.3% of the Total Allowable Catch to 25.6%, in anchovy from
16.8% to 24.7% and in hake deep sea trawl from 4.0% to 8.8%.
Description of the primary business of Foodcorp Fishing Division
The Foodcorp Fishing Division is active in three sectors of the South African fishing
industry. The largest business is in the small pelagic sector and includes pilchard
and anchovy fishing rights, purse seine vessels, a canning and fishmeal processing
facility and the Glenryck trademark for canned pilchards (?the Glenryck Trademark?).
Hake deep sea trawl is the second largest business and comprises fishing rights, deep
sea trawlers and on-shore processing facilities. Specifically excluded from the
Transaction are the west coast rock lobster and hake long-line fishing rights of the
Foodcorp Fishing Division.
The Transaction would increase the Group?s South African fishing rights in pilchard
from an allocation of 14.3% of the Total Allowable Catch to 25.6%, in anchovy from
16.8% to 24.7% and in hake deep sea trawl from 4.0% to 8.8%.
2203
Shares / Re: How does the satrix indi do so well?
« on: June 19, 2013, 06:39:06 pm »
Now you in my territory. Been watching STXIND for years. I stand to correction but I don't think any UT manager or any Fund Manager has been able to beat it. This is the top index to beat and that is why Patrick has included it in the LeaderBoard so the umm guys above it know they are..... well, better than Fund Managers.
STXIND has in my knowledge never had a correction bar the 2009 crash. So if you are not too good with stocks, I would recommend chucking all your money into it. Just watch it's performance on the challenge.
STXIND has in my knowledge never had a correction bar the 2009 crash. So if you are not too good with stocks, I would recommend chucking all your money into it. Just watch it's performance on the challenge.
2205
The Investor Challenge / Re: investor challenge
« on: June 18, 2013, 06:28:41 pm »
Now don't you guys forget that I should be 3% higher due to my inability to register for a day. 
I will remind yous from time to time.
I will remind yous from time to time.