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SGA 1.11 cents - LDT: 31 Dec 2015

ILA 24.00 cents - LDT: 31 Dec 2015

LON adjusted. It'll look weird to those who still hold, but the overall chart should work out.

Nope, you're right, you will still pay dividend tax and VAT of course.

Mr Dividend has another method which I wrote about here: http://investorchallenge.co.za/lets-all-be-guilty-of-tax-avoidance/

guess we will need to adjust the lonmin price and share holding in the competition aswell...to reflect the consolidation.....

Yes, do you have a sens link I can check on?

And the fed raises rates, expecting emerging markets to tank, but instead they go up. This is why I don't try and time the markets!

It's actually done way better than that, in rand terms it's done 200% in 5 years if you include divvies. I think your calculation didn't take into account the fact that the dollar strengthening against the rand also compounds. A better way to compare would be to compare both funds in Rand. The closest to that would be to compare STXIND and DBXWD over a 5 year period:

As you can see, DBXWD wins, most likely because the rand is a big loser. VWRD should have the same performace as DBXWD, but pay 0.43% more in dividends. VWRD pays about 2% per year after taxes, while STXIND pays 1.4% before taxes, so about 1.2% after. That means that even though VWRD has outperformed, it would also have paid about 0.8% a year more in dividends.

Plus of course, VWRD is VERY diversified, 6000+ companies, so a far lower risk than STXIND which has just 25 companies, but a huge 40%+ in two companies, SAB and NPN. With VWRD the biggest holding I believe is apple at 1.8%.

I've done a lot of research into the best play for a non-US resident to put their money, and the bight sparks at bogleheads suggest VWRD almost without fail. I'm going to transition all my holdings into it as soon as I can without incurring a huge amount of fees and taxes.

Edit, just thought I'd try a $ denominated graph. Here's VWRD compared to the iShares MSCI South Africa ETF, basically the SA all share index over the last 4 years (VWRD is only 4 years old):

How miserable does that make you, that in $ terms, the JSE has lost 20% over the last 4 years.

One more graph comparing VT, the world index US citizens can buy (lowest cost but foreigners mustn't buy it) to the JSE all share, all available data:

Here you can see that during the commodities boom, from 2009 to 2013, South Africa outperformed the world by a fairly long way. But in 2013 that ended, anyone want to place money on SA outperforming the world in dollar terms again anytime soon?