691
Moody will only downgrade SA to one notch above junk. This will not have a lasting effect on the ZAR.
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693
Shares / Re: CoreShares Dividend Aristocrats ETF/S&P SA Dividends Aristocrat
« on: March 08, 2016, 09:01:56 pm »
Yes. The DIVTRX has beaten the DBX's by a whopping 19% this year so far. Thankfully I did not panic and flee to the DBX's.
Now as the emerging markets have a rest after the surge, lets see if they will resume soon again.
The SA current-account deficit widened more than expected and caused a weakening of the ZAR. This coupled with the bad news from China today attenuated the move.
Now as the emerging markets have a rest after the surge, lets see if they will resume soon again.
The SA current-account deficit widened more than expected and caused a weakening of the ZAR. This coupled with the bad news from China today attenuated the move.
694
Off topic / Re: Live chat
« on: March 08, 2016, 11:38:09 am »
PETMIN trades more than 16 a day. Today is half done and it already has 34 trades.
695
Shares / Re: problems investing on your own
« on: March 07, 2016, 03:14:18 pm »
Researching a system that suits you and the stocks that fit the method. Then, the most difficult part...... finding the money to invest. 
696
Off topic / Re: Live chat
« on: March 02, 2016, 02:28:22 pm »
F & G index in the "greed" area. The highest this year. Are we in the eye of the storm?
697
Off topic / Re: Live chat
« on: February 28, 2016, 08:23:42 pm »
That was me. I predicted that and I was correct for weeks as the ZAR strengthened almost daily and it was a good call as no one saw Brazil and the SARB/Hawkes saga coming. Had that not happened, the ZAR would have gained substantially against the USD after Gordhan's speech.
698
Off topic / Re: Live chat
« on: February 26, 2016, 07:25:13 pm »
Who to blame for ZAR? Brazil, Moody or Gordhan? Perhaps the bickering politicians?
700
Shares / Re: ETF's and tax.
« on: February 24, 2016, 06:39:24 pm »
Grindrod kindly sent me a pdf doc of all ETF's and UT's registered as CIS' with the FSB. Unfortunately, the one's we have such as DBX, DIVTRX and STX ETF's are all registered as CIS.
https://www.fsb.co.za/Departments/cis/Pages/approvedSchemes.aspx
https://www.fsb.co.za/Departments/cis/Pages/approvedSchemes.aspx
701
Shares / Re: ETF's and tax.
« on: February 24, 2016, 01:26:33 pm »
@gcr. I cannot open a TFSA as I am not resident so I am not interested in that. Also the amounts some people invest are far too huge for TFSA's.
702
Shares / Re: ETF's and tax.
« on: February 24, 2016, 12:19:26 pm »Best everyone checks with properly qualified tax people - i.e not random forum posters. My understanding is that tax rules are circumstantial and not product specific. The intention if the tax payer is paramount in determining the nature of the profit. Not the nature of the product itself. With all respect Marco - you seem all wise on all topics. Be careful with your advice/opinions across the board.Before you insult people. Hugo is highly qualified and a 2 minute Google search shows;
Education
B.Acc, Accounting. Auditing 1984
University of Pretoria
Pretoria , Gauteng, South Africa
MST, Indirect Taxes 1993
University of Pretoria
Pretoria, Gauteng, South Africa
M.Com (Tax) is the South African Equivalent
Lectured cross border tax in the UK and USA for Expat South Africans
Guest lecturer TUKS or CPE Pretoria for Advance Trust Law Post Graduate Certification - students all lawyers and accountants
Professional Certifications
CA(SA)Active 1986
Master Tax Practitioner Active 2010
PR-8C200C1 SARS Tax PractitionerActive 2009
TEP (STEP.ORG)Active 2013
Associations and Societies
SAICA www.saica.co.za (Served on Tax Advisory Committee )
The SAIT - SA Institute of tax practitioners (Master Tax Practitioner Member 10863551 )
http://crossbordertax.blogspot.pt/2012/09/hugo-van-zyl-die-wegkaner-se-beste.html
https://www.taxconnections.com/profile/Hugo-Van-Zyl/12258993
703
Shares / Re: ETF's and tax.
« on: February 23, 2016, 07:22:25 pm »
ETF shares are simply traded back and forth, through an exchange, between individual shareholders.
Therefore, there is no need to liquidate any of the ETF's holdings to pay sellers of ETF fund shares.
Therefore, there is no need to liquidate any of the ETF's holdings to pay sellers of ETF fund shares.
704
Shares / Re: ETF's and tax.
« on: February 23, 2016, 05:22:37 pm »
Very interesting. So the ETF investors do not have physical ownership of the underlying companies and they only track their performance. This makes them taxed differently to a CIS or UT.
SATRIX can be bought as a CIS in the form of a UT and you have voting rights. Or it can be bought as an ETF and you have no voting rights.
Thanks Hugo.
SATRIX can be bought as a CIS in the form of a UT and you have voting rights. Or it can be bought as an ETF and you have no voting rights.
Thanks Hugo.