76
Off topic / Re: Live chat
« on: January 16, 2019, 01:29:34 pm »
Such a cool game. Much like FX scalping. 
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77
Off topic / Re: Live chat
« on: January 15, 2019, 09:12:12 pm »
After a few tries I got this: You beat the index, that's pretty rare! Try again to see if you can repeat that.
Beat it at over $68k but only because I remembered when to sell and buy. I would have lost miserably by trying to time the market as you know with my CML. Could have made a cool R12M if I had just stayed in.
Beat it at over $68k but only because I remembered when to sell and buy. I would have lost miserably by trying to time the market as you know with my CML. Could have made a cool R12M if I had just stayed in.
78
Shares / Re: My retirement blog.
« on: January 15, 2019, 08:59:20 pm »
Hi Rond. I will be pleased to help where I can. You need not officially emigrate if you do not have RA's and possible future inheritances coming your way.
You will however have problems later if you decide to sell your investments as capital gains taxes are residency based and in Portugal you will be regarded as a resident from the day you sign a rental lease or purchase primary property. This is a flat rate of 28% and is not added to your other income. Having Non Habitual Residency status does not cover the sale of movable property (shares) so you will not be tax exempt in Portugal.
The sale of your fixed property will only be taxed by SA. All other foreign income will be exempt from tax in Portugal whether you paid tax on it or not in the foreign state.
You may have read about my EXIT TAX problems. The SARS website and SAIT (SA Institute of Tax Professionals) both state that when you become a non resident in SA then all your movable assets will be deemed as sold and you must pay exit tax on the gains to reset your Base Cost to zero gains in your new country. You may have a good fight with that as I have had and still ongoing.
As to why I don't relocate to the Algarve. We love the seaside so I'm only mentioning coastal areas.
1. Too hot and arid for us. Inland can be greener and cooler.
2. Most of the Algarve beaches are below cliffs and one needs to repel down to them or use a boat to get to them. Some have trams or small busses to get you down.
3. A large part of the Algarve has a large lagoon running parallel to the beach and to reach the beach you would need a boat. Most people just use the lagoon as a beach without waves.
The beaches are great in photos you see in tourist websites but a shlep to get to.
Lagos is said to have the best beaches.
You will however have problems later if you decide to sell your investments as capital gains taxes are residency based and in Portugal you will be regarded as a resident from the day you sign a rental lease or purchase primary property. This is a flat rate of 28% and is not added to your other income. Having Non Habitual Residency status does not cover the sale of movable property (shares) so you will not be tax exempt in Portugal.
The sale of your fixed property will only be taxed by SA. All other foreign income will be exempt from tax in Portugal whether you paid tax on it or not in the foreign state.
You may have read about my EXIT TAX problems. The SARS website and SAIT (SA Institute of Tax Professionals) both state that when you become a non resident in SA then all your movable assets will be deemed as sold and you must pay exit tax on the gains to reset your Base Cost to zero gains in your new country. You may have a good fight with that as I have had and still ongoing.
As to why I don't relocate to the Algarve. We love the seaside so I'm only mentioning coastal areas.
1. Too hot and arid for us. Inland can be greener and cooler.
2. Most of the Algarve beaches are below cliffs and one needs to repel down to them or use a boat to get to them. Some have trams or small busses to get you down.
3. A large part of the Algarve has a large lagoon running parallel to the beach and to reach the beach you would need a boat. Most people just use the lagoon as a beach without waves.
The beaches are great in photos you see in tourist websites but a shlep to get to.
Lagos is said to have the best beaches.
79
Shares / Re: Tax on foreign share dividends
« on: January 10, 2019, 12:52:37 pm »
It is impossible to give you correct answers as we don't know where your money is invested. You would have to look at the Double Tax Treaties of each country.
Some countries have a Withholding Tax on Dividends and Interest and some don't. The UK for instance does not and the US does.
You would also have to read up in the DTA if the Dividends Withholding Tax is capped at a certain percentage. Most are capped at 15%. Chances are that your foreign broker will not apply this cap is a given. You have to inform them yourself.
If you are invested in the US then it would get complicated. The US does not have the normal 10 page Tax Agreements but they have a pdf book that instructs other countries on how to treat them and how they will reciprocate in cross border taxation. I have no intention to spend a whole day reading it as it does not concern me. Patrick will have some input for you as he has investments in the US.
You can use the yearly average price or the closing price on the day the money is made available to you. Here is a link to the European Central Bank for prices on any particular day. https://www.bportugal.pt/conversor-moeda
Some countries have a Withholding Tax on Dividends and Interest and some don't. The UK for instance does not and the US does.
You would also have to read up in the DTA if the Dividends Withholding Tax is capped at a certain percentage. Most are capped at 15%. Chances are that your foreign broker will not apply this cap is a given. You have to inform them yourself.
If you are invested in the US then it would get complicated. The US does not have the normal 10 page Tax Agreements but they have a pdf book that instructs other countries on how to treat them and how they will reciprocate in cross border taxation. I have no intention to spend a whole day reading it as it does not concern me. Patrick will have some input for you as he has investments in the US.
You can use the yearly average price or the closing price on the day the money is made available to you. Here is a link to the European Central Bank for prices on any particular day. https://www.bportugal.pt/conversor-moeda
80
Shares / Re: My retirement blog.
« on: January 05, 2019, 07:43:35 pm »
My wife will not be asked to do the language test as English is her first language and home language. SA will not be listed as there are too many native languages.
81
Shares / Re: My retirement blog.
« on: January 04, 2019, 11:07:40 am »
Yes. If it is only you and your spouse applying for Leave to Enter and you only have savings or liquid stocks then the formula would be £16 000 + (18 600 x 2,5) = £62 500.
The best and latest news can be found on this website. https://www.freemovement.org.uk/appendix-fm-financial-requirements/
I must add that Customs and Immigration have been briefed to no longer look for reasons to deny status but to look for reason to give status. By "status" I mean "Leave to Enter" and "Leave to Remain".
The new system is online and automated to work like our efiling system whereby pages will be generated according to what boxes you tick. This will ensure you get the correct electronic forms. The old paper system lets you pick the forms yourself without help and if you took the wrong one's then your request will be denied without explanation.
If you still happen to make a mistake then an official will now point the mistake to you and give you time to correct it. If it is denied then they must tell you the reason should you wish to appeal. You can also now appeal from within the UK.
No English test is required if your home language is English or you live in an English speaking Commonwealth country.
The best and latest news can be found on this website. https://www.freemovement.org.uk/appendix-fm-financial-requirements/
I must add that Customs and Immigration have been briefed to no longer look for reasons to deny status but to look for reason to give status. By "status" I mean "Leave to Enter" and "Leave to Remain".
The new system is online and automated to work like our efiling system whereby pages will be generated according to what boxes you tick. This will ensure you get the correct electronic forms. The old paper system lets you pick the forms yourself without help and if you took the wrong one's then your request will be denied without explanation.
If you still happen to make a mistake then an official will now point the mistake to you and give you time to correct it. If it is denied then they must tell you the reason should you wish to appeal. You can also now appeal from within the UK.
No English test is required if your home language is English or you live in an English speaking Commonwealth country.
82
Shares / Re: My retirement blog.
« on: January 03, 2019, 11:27:11 pm »
The latest news on Brexit is the following:
EU nationals and their non EU spouses can enter and live in the UK but can only register on the new online system from 29 March. They have until 30 June 2021 to enter and apply. Cost is €65 per applicant. No financial details will be asked and private medical insurance will apply. Once you have received pre settled status you will have access to state healthcare and social benefits.
Should the Brexit deal fail then you would have to enter before 29 March to get the above and the cutoff date will be 30 December 2020 to register.
Now that is only for EU citizens as the UK must still apply EU immigration regulations until the Brexit Transition Period ends on 30 June 2021 or 30 December 2020.
If you are a British national then it is a different kettle of fish. The UK government seems to dislike their citizens to import foreign spouses. Rightfully so as most are imported by settled Asians and north Africans that import all their relatives as dependants.
This applies to natural UK citizens too. No discrimination. UK citizens cannot apply the more lenient EU immigration regulations when resident in the UK or returning. The draconian domestic immigration laws will apply.
A UK citizen wishing to import a foreign spouse will have to earn at least £18 600.00 pa and if the application is from outside of the UK then the finances of the spouse will not be considered.
However, the spouse can enter the UK with a cheaper visit visa and apply from within the UK. Then both incomes and savings/investments will be considered.
The visa will cost about £1 400.00 (citation needed) and the surcharge on healthcare will be £400.00 per year for 5 years.
Sucks for British citizens.
EU nationals and their non EU spouses can enter and live in the UK but can only register on the new online system from 29 March. They have until 30 June 2021 to enter and apply. Cost is €65 per applicant. No financial details will be asked and private medical insurance will apply. Once you have received pre settled status you will have access to state healthcare and social benefits.
Should the Brexit deal fail then you would have to enter before 29 March to get the above and the cutoff date will be 30 December 2020 to register.
Now that is only for EU citizens as the UK must still apply EU immigration regulations until the Brexit Transition Period ends on 30 June 2021 or 30 December 2020.
If you are a British national then it is a different kettle of fish. The UK government seems to dislike their citizens to import foreign spouses. Rightfully so as most are imported by settled Asians and north Africans that import all their relatives as dependants.
This applies to natural UK citizens too. No discrimination. UK citizens cannot apply the more lenient EU immigration regulations when resident in the UK or returning. The draconian domestic immigration laws will apply.
A UK citizen wishing to import a foreign spouse will have to earn at least £18 600.00 pa and if the application is from outside of the UK then the finances of the spouse will not be considered.
However, the spouse can enter the UK with a cheaper visit visa and apply from within the UK. Then both incomes and savings/investments will be considered.
The visa will cost about £1 400.00 (citation needed) and the surcharge on healthcare will be £400.00 per year for 5 years.
Sucks for British citizens.
83
Off topic / Re: Live chat
« on: January 03, 2019, 10:03:09 pm »
Hey Mr Divi. I have not yet relocated to the UK and it will not be Wales. It will be the Garden of Eden known as the Cotswold. Cirencester is the capital and we are in the process of buying a home with our daughter who insists on us living with her should we perhaps get old.
You, as a UK national and a non EU wife will have problems relocating your wife to the UK. Very much more than I will as a non Brit. I can explain it all on my blog if you wish.
You, as a UK national and a non EU wife will have problems relocating your wife to the UK. Very much more than I will as a non Brit. I can explain it all on my blog if you wish.
84
Off topic / Re: Live chat
« on: January 02, 2019, 06:13:37 pm »
#Mr. Divi. If I remember correctly either you or your wife has a UK passport. Am I correct?
86
Off topic / Re: Live chat
« on: December 06, 2018, 03:00:28 pm »
FTSE tumbles 2.3% / Emerging markets rebound - Citywire investments today. 
87
Shares / Re: Buyer: Mind the Gap - Don't Buy the Dip
« on: November 20, 2018, 09:42:31 pm »
It will get back to normal. It always does and the Baby Boomer's kids will see to that.
Let me tell you my story that I have already told here before your time and the older members may recall it even from the old Sharechat forum.
I was invested in a single stock after the 2008/9 market crash. I did this as I lost 45% of my managed retirement portfolio and was determined to get my money back. The stock being Coronation Fund Managers...CML.
We had a few market corrections since the crash so I was so nervous and afraid to loose money that I sold on every correction and dip and bought back the same stock after.
I do not have the exact figures available but I do know that CML had a gain of 1 650%....Yes. One thousand six hundred and fifty percent over 3 years.
Had I stuck it out I would have made R12M but as I sold and tried to time the markets I made a mere 25% of that.
So you do what you wish to do.
Let me tell you my story that I have already told here before your time and the older members may recall it even from the old Sharechat forum.
I was invested in a single stock after the 2008/9 market crash. I did this as I lost 45% of my managed retirement portfolio and was determined to get my money back. The stock being Coronation Fund Managers...CML.
We had a few market corrections since the crash so I was so nervous and afraid to loose money that I sold on every correction and dip and bought back the same stock after.
I do not have the exact figures available but I do know that CML had a gain of 1 650%....Yes. One thousand six hundred and fifty percent over 3 years.
Had I stuck it out I would have made R12M but as I sold and tried to time the markets I made a mere 25% of that.
So you do what you wish to do.
88
Off topic / Re: Live chat
« on: November 20, 2018, 08:57:09 pm »
Seems we have broken below the end Oct support level so a double bottom may be in the pipeline. With the zar drop plus the ALSI drop, it adds to about 4% today. This is bad.
89
Off topic / Re: Live chat
« on: November 19, 2018, 10:25:52 am »
No yozzi. I make a point of not looking at stocks I have sold. I sold at around R87.00 and have no wish to know the price now.
90
Off topic / Re: Live chat
« on: November 09, 2018, 12:19:58 pm »
It is quite normal for profit taking to happen after a short bull run.