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Messages - Orca

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466
Shares / Re: TAX IMPLICATIONS WITH OFFSHORE ACCOUNT
« on: August 29, 2016, 06:25:20 pm »
If your investments are physically in the US then you will pay withholding tax on dividends to the IRS in the US at a rate fixed by the tax treaty. Patrick can explain more on this.
When you leave, you will have no assets in the Netherlands so will have no obligations to the IRS there. The major hurdle would be the transfer of your portfolio to a SA broker.

What intrigues me is how you got exemption from CGT in the Netherlands.

467
Shares / Re: The Rand
« on: August 29, 2016, 05:18:43 pm »
Impossible to call. Is the current weakening of the ZAR due to Zuma/Hawks and Gordhan saga? Will the ZAR continue to decline until that saga is done and dusted then gain to sub 13 again?
We must also take into account that talk by the FED about increasing interest rates has given the USD a boost and the ZAR has not really weakened as much as it appears to have done. The ZAR stood still today but the USD gained 1,4%.

I would not buy GBP or EUR due to the uncertainty of Brexit and the migrant crises. The USD and YEN would be safer in my personal view.

468
Off topic / Re: Live chat
« on: August 25, 2016, 06:11:52 pm »
Germany advises citizens to stockpile food, water and cash for 10 days.

469
Off topic / Live chat
« on: August 24, 2016, 06:11:38 pm »
Pravin has the best legal think tanks holding his middle finger up.

470
Off topic / Re: Live chat
« on: August 24, 2016, 02:17:38 pm »
DIVTRX set to drop more than 3% as banks loose 7%.

471
Shares / Re: My retirement blog.
« on: August 24, 2016, 12:44:41 pm »
How cool is this? Our supermarket cashier explained to me why they ask for your tax number. Reason is this;
All major supermarkets, stores and chemists tills are linked to the tax office in Lisbon. If your tax number is on the slip then the amount gets added to your personal tax page and 35% of the purchase is tax deductible to a max of €250 pa.
Now, spouses have a choice to be taxed together or separately so we can alternate our tax numbers when purchasing and we will have a yearly tax deduction of €500.00 for groceries and medication.
No need to even keep the till slips or declare the amount as the amount goes through automatically. :TU:

472
Off topic / Live chat
« on: August 23, 2016, 06:04:56 pm »
ZAR getting hammered.

473
Shares / Re: The Rand
« on: August 23, 2016, 06:03:36 pm »
Fin24
//The rand has strengthened below key resistance at R/$13.50 and is now comfortably below the 50-, 100- and 200-day moving averages.

The rand’s momentum indicators are not confirming the rand’s new lows versus the dollar and therefore a sustained break below R/$13.20 is unlikely.

The rand must break above R/$13.60 to indicate that the bottom has been reached.//

It is now 13.80.

474
Shares / Re: The Rand
« on: August 23, 2016, 02:11:07 pm »
The ZAR may return to loosing +- 2,5% pa against the USD again unless some severe political events happen in SA.
Emerging markets like SA are growing markets. Developed markets like the US are already developed so in my view, there will be much more growth for SA than there will be for the US. Long term charts are proof of this.

Some 2 years ago, I posted a question on a UK investment forum Citywire asking what ETF in the UK has a history of 20% + returns. I got laughed at. "Forget it" they replied...."impossible".
At that stage the STXIND was returning 32% on average over many years.

The choice is yours as you may have different plans ahead like Patrick.


475
Off topic / Re: Live chat
« on: August 22, 2016, 05:06:14 pm »
Watching live feed of the voting in JHB.

476
Off topic / Re: Holidays - Show us what you did
« on: August 18, 2016, 03:25:53 pm »
That mysterious building looks like an Indian creche.

477
Shares / ADI
« on: August 18, 2016, 09:41:44 am »
ADI 13.40 cents - LDT: 2016-09-13

478
Off topic / Re: Holidays - Show us what you did
« on: August 16, 2016, 07:04:14 pm »
I am a cheap skate so I thought I would buy a telephoto lens for my phone for my UK trip. Also, we all have our phones with us and never a camera handy when we need it.
It is a 18x zoom and I have included 2 pics. One without the lens of trees in the distance and one with the lens of the same trees. That pink haze is from the fires.
Please note that I have a China no name brand phone with a 3 MP camera so don't laugh. I will use my wife's phone that has a 6 MP camera.
I would have rather bought a 8 x zoom.

479
Shares / Re: My retirement blog.
« on: August 16, 2016, 02:23:44 pm »
Quote from: Patrick on August 16, 2016, 01:04:59 pm
If money is your only concern, apparently Crete is the cheapest, where a retired couple spends just 1060 euro a month:
http://www.liveandinvestoverseas.com/country-hub/greece/crete.html

We average around € 670 pm and that includes medical aid for the 2 of us and we are not on a budget.

480
Off topic / Live chat
« on: August 16, 2016, 11:51:03 am »
BIL divi is in USD. Now what?

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