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So, armed robbery at the office last night. Stole a bunch of stuff including my laptop 
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7136
Off topic / Re: Group of friends looking to invest
« on: June 05, 2015, 07:58:10 am »If you all lump in together, you inevitably find that at some stage one member cannot make a deposit or one that runs into financial difficulties and needs to withdraw from the scheme.
The tax free savings is an option to start with until your quota is full. I think it is R500k max.
Is the 500k not braked up into max 30k a year till you hit 500k?
Yes, only R30k per year, so it would take you 17 years to get to R500k: http://investorchallenge.co.za/lets-all-be-guilty-of-tax-avoidance/
Have you maxed out your RA yet though? It seems to be the best option if you're still working. erwintwr has a great calculator showing the benefit: http://shareforum.co.za/shares/tfsa-vs-ra-vs-satrix-calculator/
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Off topic / Andrew Donaldson: Asking RW Johnson why SA only has two years left
« on: June 04, 2015, 12:01:57 pm »
I thought this was a pretty good read, any thoughts?
http://www.biznews.com/thought-leaders/2015/06/01/andrew-donaldson-asking-rw-johnson-why-sa-only-has-two-years-left/
http://www.biznews.com/thought-leaders/2015/06/01/andrew-donaldson-asking-rw-johnson-why-sa-only-has-two-years-left/
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Off topic / Re: Group of friends looking to invest
« on: June 04, 2015, 07:32:59 am »Personally, would not invest together - to many problems. Rather all open share accounts then meet up once a month to share ideas and have a cold one. More fun and less friction.
I agree with Mr Div. In the past the minimum fees on most share accounts may have been a good reason to invest together, with ABSA for instance you had to invest R30k at a time to make it worthwhile. Now companies like easy equities and computershare mean there isn't that minimum anymore, so there isn't a financial reason to hold a shared investment account.
The only benefit would be the "forced" installments, but you can still come up with a version of that in your group.