436
Off topic / Re: Live chat
« on: September 21, 2016, 11:08:15 am »
I read that in some financial site about 2 months ago. Think it was Moneyweb. Highly unlikely to get there though.
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437
Shares / Re: My new LT CGT portfolio
« on: September 21, 2016, 11:04:26 am »
Here is an example.
438
Shares / Re: My new LT CGT portfolio
« on: September 21, 2016, 10:46:07 am »
@saints. You have to calculate the base cost yourself. I use the weighted average method but you can opt for the First in First out method.
Weighted Average: Add all the "Due By You" amounts on the contract notes and divide by the total number of shares. This will be your Base Cost. No need to work out costs as the "Due By You" amounts already includes this. When you sell, you use this base cost multiplied by the number of shares sold.
FIFO: Not recommended. You sell the first tranche that you bought first at the Base Cost you calculated.
Each batch will have a different Base Cost. If "Sell" amount is more than your first batch then you will have to use up the first batch and do a new calculation at the base cost of the next batch and so on. Very tedious method.
Tip: Keep a folder for each share for the Contract Notes and do your calculations in Excel and file it. Discard the Excel sheet when you top up the share and print an updated one. I will post an example of mine soon.
SARS has a Residence Based system so I pay no CGT to SARS.
Weighted Average: Add all the "Due By You" amounts on the contract notes and divide by the total number of shares. This will be your Base Cost. No need to work out costs as the "Due By You" amounts already includes this. When you sell, you use this base cost multiplied by the number of shares sold.
FIFO: Not recommended. You sell the first tranche that you bought first at the Base Cost you calculated.
Each batch will have a different Base Cost. If "Sell" amount is more than your first batch then you will have to use up the first batch and do a new calculation at the base cost of the next batch and so on. Very tedious method.
Tip: Keep a folder for each share for the Contract Notes and do your calculations in Excel and file it. Discard the Excel sheet when you top up the share and print an updated one. I will post an example of mine soon.
SARS has a Residence Based system so I pay no CGT to SARS.
439
Shares / Re: My new LT CGT portfolio
« on: September 20, 2016, 04:29:22 pm »
You will have to sell every 3 years not every year. One good thing about doing that will be that your base cost gets readjusted every 3 years so it won't be a huge tax bill if you hold for 15 years.
@jonb. I always look at the history of a stock and CSEW40 has none. Companies that increase their dividends every year can only be good growing companies. That is why I prefer DIVTRX over NFEMOM.
Also, the divies are better and I don't pay DWT on the foreign portion.
@jonb. I always look at the history of a stock and CSEW40 has none. Companies that increase their dividends every year can only be good growing companies. That is why I prefer DIVTRX over NFEMOM.
Also, the divies are better and I don't pay DWT on the foreign portion.
442
Shares / Re: My new LT CGT portfolio
« on: September 19, 2016, 06:58:41 pm »
Good to see that you have my 2 favorite shares there. Adaptit and CIL but you forgot PGR.
My entire pension is in the following:
ADI
CIL
PGR
DIVTRX at ~ 60%
My entire pension is in the following:
ADI
CIL
PGR
DIVTRX at ~ 60%
443
Off topic / Re: Live chat
« on: September 14, 2016, 03:08:46 pm »
Both are iliquid penny stocks. In real life you would not be able to buy Stratcorp for 1c.
446
Off topic / Re: Live chat
« on: September 12, 2016, 09:50:44 pm »
If we don't have a good day Tuesday you can all "smite" me.
448
Off topic / Re: Live chat
« on: September 09, 2016, 05:42:22 pm »
EM's soar this year. Brazil up over 90% despite being downgraded to junk. Russia up over 50% and SA by a mere 7%.
449
Shares / Re: CoreShares
« on: September 09, 2016, 12:37:54 pm »
They are extremely liquid at the prices quoted by the robots Not outside of them as there are not enough buyers and sellers.
The robots will note market movements and modify buy and sell quotes in the direction of the market movements so you will not benefit from older market prices that have not yet moved. That is how ETF's work.
The robots will note market movements and modify buy and sell quotes in the direction of the market movements so you will not benefit from older market prices that have not yet moved. That is how ETF's work.
450
Shares / Re: CoreShares
« on: September 09, 2016, 11:36:34 am »
It is not a very liquid ETF and you are trying to sell at market price. You will not find many buyers at that price and you will need to sell at the price quoted. More often than not, this will be a robot placed price and volume.
Once the volume is depleted the robot will immediately top it up again.
Once the volume is depleted the robot will immediately top it up again.