46
Lol @ that second referendum petition.
Show Posts
This section allows you to view all posts made by this member. Note that you can only see posts made in areas you currently have access to.
51
52
The Investor Challenge / End of comp selling of shares
« on: April 13, 2016, 03:42:26 pm »
If anyone knows, at the end of the year, are you forced to sell off the shares? This is my first year actively participating, so I'm not sure of how it works at the end.
I think this is how the itrade comp does it or used to do it. It would even out the leaderboard at the end then.
If not, surely it encourages a buy and hold strategy only, to avoid tax?
I think this is how the itrade comp does it or used to do it. It would even out the leaderboard at the end then.
If not, surely it encourages a buy and hold strategy only, to avoid tax?
55
Off topic / Re: Live chat
« on: March 30, 2016, 03:29:02 pm »@Patrick, your comp total worth vs nett worth (After tax), what is the difference. Tax % ?
Patrick my Portfolio is valued at R450k but I'm 36th?Take 30% of your profit from the selling of shares, and subtract that from your total worth. That will give you your Net worth (after tax) amount used on the leaderboard.
My own portfolio as of now:
Total worth: R379 920,12
Net profit on share sales: R188 211,15
30% of profit = R56 463,34
Net Worth (after tax) = R379 920 - R56 463 = R323456.75 (same as leaderboard)
56
Off topic / Re: Live chat
« on: March 14, 2016, 01:31:16 pm »
I think its clear Mr President is a forex trader... 