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Messages - Orca

Pages: 1 ... 29 30 [31] 32 33 ... 153
451
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.

452
Off topic / Live chat
« on: September 08, 2016, 06:43:29 pm »
Ja. ZAR confused at what direction to take. It is looking at the politicians next move.

453
Off topic / Re: Live chat
« on: September 06, 2016, 08:55:32 pm »
ZAR went sub 14 a few minutes ago. As per P's post, Z won't open his mouth to send it back up.

454
Off topic / Re: Live chat
« on: September 06, 2016, 07:55:51 pm »
The 14.00 area seems to be a barrier as it bounced off it twice now. Profit taking.

455
Off topic / Re: Live chat
« on: September 06, 2016, 04:25:03 pm »
Dunno but looks like we will see sub 14 within hours. Unless we get profit taking after the 2%+ gain today.

456
Off topic / Re: Live chat
« on: September 06, 2016, 02:23:29 pm »
Nee Boet. Nomber 1 en sy mede swendelaars vleg piele in China vir 'n paar dae.

457
Off topic / Re: Live chat
« on: September 06, 2016, 01:29:41 pm »
 The ZAR will now play catchup to other EM currencies that have done well. Developed markets fleeing from their negative interest rates to EM's.

458
Off topic / Re: Live chat
« on: September 05, 2016, 08:35:26 pm »
Sterling made good gains but the ZAR beats it by far.

459
Shares / Re: DIVTRX vs NFEMOM
« on: September 02, 2016, 11:52:39 am »
Looking at the charts, the NFEMOM is a bit more volatile than DIVTRX and has had larger down swings. Both seem to perform similarly and are equal over a 2 year period. The DIVTRX would pay more in dividends though.
There are so many stocks in NFEMOM that if 1 or 2 of them tank it would make little difference.

460
Shares / Re: TAX IMPLICATIONS WITH OFFSHORE ACCOUNT
« on: August 30, 2016, 06:37:00 pm »
A quick glance of the DTA shows that you will not pay more than 15% dividend tax in the US and Capital Gains Tax must be paid where the seller is resident.

You may need to consult your broker about this as dividend tax is on a sliding scale up to ~ 39% and all interest related dividends and foreign related dividends will be tax exempt as a non resident alien.
They may send you a form to sign.

461
Shares / Re: TAX IMPLICATIONS WITH OFFSHORE ACCOUNT
« on: August 30, 2016, 06:16:38 pm »
Not quite. The minimum holding period for Capital Gains Tax in SA is 3 years. This may not be applicable to Collective Investments such as Unit Trusts and ETF's but I cannot get 100% clarity on this so I would hold on to them for the 3 year duration. The effective CGT is ~ 11%.

If you sell before the 3 year period, Section 9C of the ITA will not apply and you will pay Income Tax on your gains. ie. Your gains will be added to your other normal income and taxed at your tax rate. The effective rate is ~ 40% if you are a high earner. The R30k exclusion amount (this may have changed since I last looked) that can be deducted from CGT will not apply in this case as you are trading and not investing for the min 3 year period.

You will normally pay tax on your world wide earnings in the country where you are resident. The US laws differ somewhat and maybe Patrick can help there as he has US stocks.
You will still pay withholding tax on dividends in the US but at a rate not exceeding the Double Tax Agreement rate.

There is no need to find an accountant that does cross border taxation as it is so simple to do so yourself.
Read through the Tax thread as it is discussed in detail there.
Just leave your account in Nederland.



462
Shares / Re: TAX IMPLICATIONS WITH OFFSHORE ACCOUNT
« on: August 30, 2016, 03:27:32 pm »
Yes, you will have to pay CGT after 3 years on sales of stocks to SARS. Any gains made on sales before the 3 year period will be taxed as income. You also have to declare all your world wide assets to SARS every year.
No need to transfer your account to SA. I live in Portugal but have my broker account in SA.

463
Off topic / Re: Live chat
« on: August 30, 2016, 09:39:29 am »
The INDI has turned upwards despite the ZAR dropping due to foreigners exiting and dropping the ZAR.

464
Shares / Re: The Rand
« on: August 29, 2016, 10:07:51 pm »
The ZAR's weakest link is Zuma. Zapiro will get much flack now.

465
Off topic / Re: Live chat
« on: August 29, 2016, 07:15:34 pm »
Time to buy STXIND again. Beating DIVTRX by 5% over 1 month.

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