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Messages - Patrick

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6721
Off topic / Live chat
« on: July 09, 2015, 04:04:23 pm »
DBX tracker Japan why ;)

6722
Shares / Re: I-Trade 2015
« on: July 09, 2015, 12:08:34 pm »
And in dissimilar news, the one on the challenge is still working :)

As a bonus, if you click on the profit amount it'll now show you how the profit was made (along with a fix in case the number was wrong somehow).

6723
I see bid at 2714 and offer at 2734, Isn't that a 20c spread? Are you seeing something else?

6724
They must be reading Marco's posts  :))

6725
Off topic / Live chat
« on: July 08, 2015, 11:09:25 am »
Haha yeah, absolutely nothing up at the moment. I'm using it as an opportunity to rebalance my holdings without incurring big CGT.

6726
Shares / Re: Pulverized Sand Box
« on: July 07, 2015, 03:53:19 pm »
Sending you a PM.

6727
Shares / Re: Pulverized Sand Box
« on: July 07, 2015, 02:16:50 pm »
I read it as one trade. Same share, same day you get charged the total. ABSA works this way too, if I put an order in and it activates for one share, I'll pay R120 on a R60 trade. If I see that I'll up my price until I reach the threshold where the percentage = minimum fee and I'll still only pay R120.

We have an Imara employee on the forum, I'll ask him to look at this too.

6729
Shares / Re: Sector PE ratios.
« on: July 07, 2015, 09:41:40 am »
But for me, what I like about the dividend way is that there is no thinking involved - I collect all the dividends for a year, and that's all the money I have for the following year. Easy. Never going to run out and as I am only 40, this could go on for a while. At the worst I might have to cut back spending or even find a part time job - but should be ok. But certainly do not have to worry if my capital will last - which would be a big worry for me. Also never have to worry about when/what shares to sell because guaranteed I will sell at the wrong time.. :mad:
It's true, I've read and understand so much about the 4% rule, but I'm always drawn to the dividend way of living. If I stopped work now and cashed in my holdings and bought something like the Dividend aristocrats, I'd cover all my living costs on their divi alone.

If it wasn't for the capital gains I'd have to pay I'd probably start doing this now and finally get out of the foord equity unit trust I first bought. It has been performing reasonably well, but the divvies are low, and the costs are higher than I'd like.

I could keep my STXIND there for growth, as I have sideline income to cover the remainder of my costs without needing to sell.

Whenever I have a bad day at work I keep asking myself why I'm still at the office...

6730
Shares / Re: ABSA's TFSA offering.
« on: July 07, 2015, 07:36:41 am »
I know it is a TFSA thing but you can still trade your ETF's without gearing. Selling your ETF within the 36 month holding period is after all considered by SARS to be "trading".

Simon Brown from "One Last Lap" is trading his ETF's in a TFSA.
I am not sure if I understand you correctly - you can't trade any instruments within the TFSA there is a defined amount (R30,000) that you can make to the TFSA per annum but you can make more than 1 deposit within the calendar year - monthly payments are acceptable. However once you sell all or part of the R 30,000 in a calendar year you can't top it up in the same calendar year. So trading is not an option with the TFSA, what you are permitted to do is to exit one of the investments and re - enter into another agreed investment with the suite of instruments within the TFSA - I think there were 32 instruments. That's my understanding and the question of CGT is somewhat unclear to me

I had a fairly long chat with one of the account managers at Easy Equities. It was mostly about the 10% in one company rule (which doesn't apply to ETFs), but I also asked about trading inside your TFSA. The understanding he had was that you're only allowed to deposit R30k into a TFSA per year, but as long as the money doesn't leave that account, you're free to do pretty much whatever you like with it. You can hold it in cash, buy ETFs, sell an ETF and buy another. In theory at least, that seems to mean you could trade, though it's not something I would recommend or attempt myself.

6731
Shares / Re: What did you do with your TFSA?
« on: July 06, 2015, 11:06:26 am »
Anybody else kicking themselves for not dribbling in the money instead of just whacking the R30K in? Down R1800 - instead of being able to buy more for less.


Ah well, there's always next year....   ;)

Yes, and the money I got from my house sale in April which all got put onto the market straight away...

I'm not too upset. In general the market goes up more than down, so by the law of averages, putting it all in straight away is usually the best option.

6732
Off topic / Live chat
« on: July 06, 2015, 11:04:58 am »
In the USA you probably need divorce insurance...

6733
Shares / Re: I-Trade 2015
« on: July 04, 2015, 10:21:14 am »
Very impressive you two! Care to share the strategy or will we have to wait till the competition is over?

6734
Shares / PMV
« on: July 03, 2015, 11:00:04 pm »
PMV 1.00 cents - LDT: 2 Oct 2015

6735
Shares / ART
« on: July 03, 2015, 11:00:04 pm »
ART 9.00 cents - LDT: 25 Sep 2015

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