586
Off topic / Re: Live chat
« on: June 14, 2016, 07:32:48 pm »
The nearly 2% drop in the ALSI today is dwarfed by the fact that the mega giants ABINBEV and SAB were flat.
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587
Off topic / Re: Live chat
« on: June 10, 2016, 01:07:03 pm »
UK...Property stocks hit by looming Brexit. Financial stocks also due to threats of moving HQ's to mainland EU.
588
Shares / Re: My retirement blog.
« on: June 10, 2016, 12:53:08 pm »
The 1'st link refers to SW and that is a member of this forum "www.stealhtywealth.co.za".
SW is the pseudonym of a South African blogger with a mission to save enough money to be able
to stop working at the end of 2030.
Biznews copied his blog that he posted in an above post #206
SW is the pseudonym of a South African blogger with a mission to save enough money to be able
to stop working at the end of 2030.
Biznews copied his blog that he posted in an above post #206
589
Shares / Re: My retirement blog.
« on: June 08, 2016, 03:27:06 pm »bwaaaaahahahahaha..........I can just imagine you huffing and puffing with your wife's suitcases in each hand. You're lucky she didn't have more! And I reckon now would be a good time to check out those bikinis while I'm still 50 years young.....before the back problems startIf you were younger, I'm sure you will develop back problems here.
Now that I'm settled in both my location and portfolio, I can re assess my financial position.
The experts say that if you can live off 3% of your investments pa, your money will last forever.
This is not always the case as it is not with me. I live on 6% of my investments pa and my capital has been growing.
About 60% of my living costs are covered by dividends. I do not pay withholding tax on foreign dividends within DIVTRX nor do I pay any income tax or CGT anywhere.
This means that my investments must grow by 2,6% pa for the capital to remain flat. Not un achievable and I can weather a few flat years or a major correction.
What is a bit of a concern is the EUR/ZAR as every time the ZAR moves by a certain percentage, I have to factor it into gains/losses of my portfolio.
590
Shares / Re: My retirement blog.
« on: June 07, 2016, 11:48:24 pm »
So off we went the next morning. Back to the station. Faro in the Algarve.
As we traveled the landscape got flatter and drier with nothing really to post about.
Once in Faro we were disappointed as it is the heart of the Algarve. Much like the city of Benidorm in the south of Spain that is a Brit enclave where Spanish go to look at the Brits with their fat sunburned red bodies and their t-shirts over their bare shoulders.
In Faro, you actually have to catch a boat to get to the sea. The very wide lagoon runs parallel with the coast and right across the city. Not impressed.
The next day we decided to take a bus along the coast to Lagos rather than the inland train.
What a good choice. Most of the coast has very high cliffs but the small beaches are exquisite and the most beautiful I have seen.
We had to stop over on occasion and stay overnight. The beaches are stunning and so were the golden tanned girls. Some even topless and teeny bikini bottoms. I was so angry at this. Not at the girls but because of my age and I had a wife in tow.
This is the place to be if you are young and do not care about back problems when you are older.
As we traveled the landscape got flatter and drier with nothing really to post about.
Once in Faro we were disappointed as it is the heart of the Algarve. Much like the city of Benidorm in the south of Spain that is a Brit enclave where Spanish go to look at the Brits with their fat sunburned red bodies and their t-shirts over their bare shoulders.
In Faro, you actually have to catch a boat to get to the sea. The very wide lagoon runs parallel with the coast and right across the city. Not impressed.
The next day we decided to take a bus along the coast to Lagos rather than the inland train.
What a good choice. Most of the coast has very high cliffs but the small beaches are exquisite and the most beautiful I have seen.
We had to stop over on occasion and stay overnight. The beaches are stunning and so were the golden tanned girls. Some even topless and teeny bikini bottoms. I was so angry at this. Not at the girls but because of my age and I had a wife in tow.
This is the place to be if you are young and do not care about back problems when you are older.
591
Shares / Re: Junk Status - how to prepare
« on: June 07, 2016, 05:32:24 pm »
We must also watch Brexit. Should it happen, it will affect the Euro and in turn the ZAR. As to how it will affect the currencies and the markets has been a debating point here for some time and opinions differ widely.
592
Shares / Re: My retirement blog.
« on: June 06, 2016, 10:28:42 pm »
So off we went. Made no bookings or plans on where to stop over and did what we did when we were young. No... not that!
Shoved my toothbrush in my back pocket and grabbed my wife's 2 suitcases and and headed to the train station.
The inter city trains travel at 200 km per hour so in no time we were in Lisbon. Got off and went to the nearest hotel but it was too expensive. Then the next and the next. All too expensive and I huffed and puffed down the cobble streets with the 2 suitcases in the heat while my wife was shouting obscenities about exchange rates behind me.
We eventually settled for a 3 star in the old city center at a good price. Clean and all the staff spoke perfect English. What a change from the north where hardly anyone can even say "Hello" in English.
Had a good time in the outside street pub. Beer is cheaper than Coke here.
Halfway to our destination.
Shoved my toothbrush in my back pocket and grabbed my wife's 2 suitcases and and headed to the train station.
The inter city trains travel at 200 km per hour so in no time we were in Lisbon. Got off and went to the nearest hotel but it was too expensive. Then the next and the next. All too expensive and I huffed and puffed down the cobble streets with the 2 suitcases in the heat while my wife was shouting obscenities about exchange rates behind me.
We eventually settled for a 3 star in the old city center at a good price. Clean and all the staff spoke perfect English. What a change from the north where hardly anyone can even say "Hello" in English.
Had a good time in the outside street pub. Beer is cheaper than Coke here.
Halfway to our destination.
593
Shares / Re: My retirement blog.
« on: June 06, 2016, 09:45:32 pm »
As I was saying. The Portuguese coastal area is divided into 3. The Green coast in the north where we live and is named this due to the greenery. 
Much rain here but the 2 go together.
The Gold coast is the middle and the center is Lisbon. Not as green but it has acres of olive groves as far as you can see.
Interestingly, the people here go olive oil tasting as we did with wines in the Cape.
Then the Silver coast at the bottom. Silver due to the whiteness of the soil and silvery, waxy plant leaves perhaps. Hot and dry due to the proximity of northern Africa that blows it's weather over it.
The scenery inland differs vastly from the coastal areas and becomes more green and hilly with picturesque lakes and forests.
Now that the geography lesson is over, I will continue with our trip to the Algarve next.
Much rain here but the 2 go together.The Gold coast is the middle and the center is Lisbon. Not as green but it has acres of olive groves as far as you can see.
Interestingly, the people here go olive oil tasting as we did with wines in the Cape.
Then the Silver coast at the bottom. Silver due to the whiteness of the soil and silvery, waxy plant leaves perhaps. Hot and dry due to the proximity of northern Africa that blows it's weather over it.
The scenery inland differs vastly from the coastal areas and becomes more green and hilly with picturesque lakes and forests.
Now that the geography lesson is over, I will continue with our trip to the Algarve next.
595
Off topic / Re: Live chat
« on: June 03, 2016, 06:55:39 pm »
EM's always outperform so I will stay here. Brazil's currency and markets were not affected with it's junk status and political scandals. We will too.
596
Off topic / Re: Live chat
« on: June 03, 2016, 06:12:03 pm »
A few clicks on my mouse would have sent all my money to Portugal but I stuck it out. World markets tumbled with the extreme bad employment news but SA was immune to it. ZAR strengthened by 3%.
598
Shares / Re: My retirement blog.
« on: May 31, 2016, 09:21:28 pm »
Welcome back Bread. I'm sure jaDEB will be happy and I will stop shouting at you about your tax complications.
599
Shares / Re: Noob Question.
« on: May 31, 2016, 04:27:25 pm »
As you are tax resident in SA, you will pay income tax on your world wide trading. You will be applying your mind and effort in SA for the trading and that is where you will be taxed.
600
Shares / Re: My retirement blog.
« on: May 31, 2016, 02:26:25 pm »
R1 050 for both of us pm and it covers us for R540K pa. No dental though.
I was quoted about R3 500 pm for a similar medical insurance in SA.
I was quoted about R3 500 pm for a similar medical insurance in SA.