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Messages - Orca

Pages: 1 ... 148 149 [150] 151 152 153
2236
Shares / Re: Can you be both a trader and an investor (tax wise)
« on: May 29, 2013, 06:05:15 pm »
Very simple. You buy 2 houses. One you live in and the other is a fix me up. You fix. You sell for profit. Buy another fix me up and do the same. Sell for profit. This 2'nd house becomes a business as you derive income yearly from it.
Tax year end comes and you must add ALL profit made from the trading house to your income. The primary home has increased in value but you have not sold it yet so no tax.
After +- 3 years you sell your primary home at a profit. Now you pay CGT on the profit at 33.3% after deducting R30k exclusion. This amount you add to your income.

Works the same with investing and trading. KEEP YOUR 2 ACCOUNTS SEPARATE. Makes it easier.

I must add that with primary residence, the first R2M is not taxable. Not so with investments.
Am I correct? 

2237
The Investor Challenge / Re: investor challenge
« on: May 29, 2013, 01:10:24 pm »
MTA has woken up from her slumber so watch out Patrick. Here I come.
Oh dear. Down goes my CML.

2238
Shares / Re: Pulverized Sand Box
« on: May 27, 2013, 07:28:14 pm »
jaDEB. There are 3 guys beating you.

2239
Shares / Re: Pulverized Sand Box
« on: May 27, 2013, 07:14:36 pm »
Here good one.

2240
Shares / Re: Pulverized Sand Box
« on: May 24, 2013, 07:05:39 pm »
jaDEB just doesn't listen. He is hell bent on loosing his money with his gold stocks. I stay away from all miners and have tried to convince him to do the same but he is adamant that he will make it.
How much have you lost over the past year jaDEB ? I have more than doubled by staying away from miners. Please do the same. All is not lost. You can get it back.
I lost 45% in the 2008/9 crash but have since trebled it by staying away from gold and large caps. 

2241
Shares / Re: Pulverized Sand Box
« on: May 24, 2013, 11:25:02 am »
Quote from: Moneypenny on May 24, 2013, 09:01:02 am
okay, got to ask:  what is a pulverized sand box?

It is the place where jaDEB keeps his shares. We keep ours in the draw and he chucks his into his dog's pee pee box.

2242
The Investor Challenge / Re: investor challenge
« on: May 24, 2013, 11:18:06 am »
Sharenet has a list of liquid stocks in their challenge. Hint.

2243
Shares / Re: Pulverized Sand Box
« on: May 23, 2013, 08:35:15 pm »
Don't cry jaDEB. Gold is going up. Long term you will win big time. Just wait it out.

2244
The Investor Challenge / Re: investor challenge
« on: May 23, 2013, 08:30:53 pm »
The Investor Challenge
Who's the best investment club chairman around.

This is the challenge. Not the individual gamblers with their 1c portfolios that jump up 300% in a day!!! They should be deleted from this as they did not read the above when they entered. Surely they know that at these prices they would NEVER get filled or be able to sell. The guy on top now goes from No 1 to No 240 in one day.
I know you agree with me Patrick, but we must get rid of them. Problem is How?

2245
The Investor Challenge / Re: investor challenge
« on: May 23, 2013, 04:04:33 pm »
As I am a Fund Manager, I would surely not buy stocks at 1c for my investors. Especially not 1 or 3 stocks at that price.

2246
The Investor Challenge / Re: Added Satrix INDI to the leaderboard
« on: May 23, 2013, 10:36:45 am »
My favorite Satrix. Ave is around 40% pa over a 3 year period and 37% over 5 years. Won't be surprised if it wins.

2247
Shares / Re: Today's Outlook
« on: May 23, 2013, 10:15:09 am »
My brokers website has a technical chart of the S&P 500 this morning that shows a downtrend lasting 4 to 6 trading sessions.

2248
Shares / Re: Gold & Gold Shares
« on: May 22, 2013, 06:40:08 pm »
jaDEB. Wake up. Tomahawk is beating you by a small margin.

2249
Shares / Re: The Rand
« on: May 22, 2013, 03:51:02 pm »
At the current exchange rate I would not hedge now. Too late I think.

2250
Shares / Re: Does anyone here gear their investments?
« on: May 22, 2013, 03:43:02 pm »
Don't quite understand. If you use gearing then you are borrowing money and will pay interest on it. Keeping it for 3 years is not a good idea.
I used gearing of 1.5 to 2 with SSF's for 3 months max at a time.

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