2221
Shares / Re: Pulverized Sand Box
« on: June 04, 2013, 07:44:59 pm »
Must get out this sandbox now. Uumf, fart, ahh. Out. Now to get going and make money.
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2222
The Investor Challenge / Re: investor challenge
« on: June 03, 2013, 08:56:07 pm »
I appeal. CML should be my trademark stock. I have hyped it since 2010 when I posted my "Retiring" thread and every Tom Dick and Harry dissed me as it was an unknown stock. Now every Tom's Dick has it in their portfolio. This is my stock and have copy write on it. 
2223
Shares / Re: Pulverized Sand Box
« on: June 03, 2013, 08:14:14 pm »Orca, I am sure CML will recover. Me thinks it will end 2% down only today. The value of the Divvie.Close bud. If you add the divi from next week, it would hardly have budged.
Patrick, you will let us know when we can blow our R100k in the competition.
2224
Shares / Re: Pulverized Sand Box
« on: June 03, 2013, 11:25:33 am »
Looks like I'll have to sit in this box with jaDEB for awhile.
2225
Shares / Re: Pulverized Sand Box
« on: May 31, 2013, 08:11:50 pm »
jaDEB. There are now 4 guys beating you.
2226
The Investor Challenge / Re: investor challenge
« on: May 30, 2013, 06:12:36 pm »What a run. Tired now. Only Patrick in front of me. He is my benchmark to beat. I hate loosing.
Finally some competition! Saturday is payday, are you buying more of the same or are you going to venture out of the tri-partite alliance
Same again. I know these stocks too well to diversify.
2227
Shares / Re: Long term investments
« on: May 30, 2013, 03:51:03 pm »
ZAR hitting my PNC big today. MTA got 
by Garth Mackenzie on Summit TV. CML volatile before LDT.
by Garth Mackenzie on Summit TV. CML volatile before LDT.
2228
The Investor Challenge / Re: investor challenge
« on: May 29, 2013, 06:19:50 pm »
What a run. Tired now. Only Patrick in front of me. He is my benchmark to beat. I hate loosing.
2229
Shares / Re: Can you be both a trader and an investor (tax wise)
« on: May 29, 2013, 06:05:15 pm »
Very simple. You buy 2 houses. One you live in and the other is a fix me up. You fix. You sell for profit. Buy another fix me up and do the same. Sell for profit. This 2'nd house becomes a business as you derive income yearly from it.
Tax year end comes and you must add ALL profit made from the trading house to your income. The primary home has increased in value but you have not sold it yet so no tax.
After +- 3 years you sell your primary home at a profit. Now you pay CGT on the profit at 33.3% after deducting R30k exclusion. This amount you add to your income.
Works the same with investing and trading. KEEP YOUR 2 ACCOUNTS SEPARATE. Makes it easier.
I must add that with primary residence, the first R2M is not taxable. Not so with investments.
Am I correct?
Tax year end comes and you must add ALL profit made from the trading house to your income. The primary home has increased in value but you have not sold it yet so no tax.
After +- 3 years you sell your primary home at a profit. Now you pay CGT on the profit at 33.3% after deducting R30k exclusion. This amount you add to your income.
Works the same with investing and trading. KEEP YOUR 2 ACCOUNTS SEPARATE. Makes it easier.
I must add that with primary residence, the first R2M is not taxable. Not so with investments.
Am I correct?
2230
The Investor Challenge / Re: investor challenge
« on: May 29, 2013, 01:10:24 pm »
MTA has woken up from her slumber so watch out Patrick. Here I come.
Oh dear. Down goes my CML.
Oh dear. Down goes my CML.
2231
Shares / Re: Pulverized Sand Box
« on: May 27, 2013, 07:28:14 pm »
jaDEB. There are 3 guys beating you.
2233
Shares / Re: Pulverized Sand Box
« on: May 24, 2013, 07:05:39 pm »
jaDEB just doesn't listen. He is hell bent on loosing his money with his gold stocks. I stay away from all miners and have tried to convince him to do the same but he is adamant that he will make it.
How much have you lost over the past year jaDEB ? I have more than doubled by staying away from miners. Please do the same. All is not lost. You can get it back.
I lost 45% in the 2008/9 crash but have since trebled it by staying away from gold and large caps.
How much have you lost over the past year jaDEB ? I have more than doubled by staying away from miners. Please do the same. All is not lost. You can get it back.
I lost 45% in the 2008/9 crash but have since trebled it by staying away from gold and large caps.
2234
Shares / Re: Pulverized Sand Box
« on: May 24, 2013, 11:25:02 am »okay, got to ask: what is a pulverized sand box?
It is the place where jaDEB keeps his shares. We keep ours in the draw and he chucks his into his dog's pee pee box.
2235
The Investor Challenge / Re: investor challenge
« on: May 24, 2013, 11:18:06 am »
Sharenet has a list of liquid stocks in their challenge. Hint.