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Messages - Patrick

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7936
Shares / Re: Investment Advice
« on: October 31, 2013, 03:43:04 pm »
Not much to add to all those smart people, but the "for the year" part you mentioned means you will be paying income tax if you draw the money after just a year. If you're in the 40% bracket that will really hurt your returns... If you could leave it there for 3 years plus you'd be doing huge favors for yourself.

If not you're still likely to beat other investments by using the market, but it can't be guaranteed. All I can guarantee is that if you leave it in your bank account you will lose money to inflation.

7937
The Investor Challenge / Re: investor challenge
« on: October 28, 2013, 11:01:31 am »
Quote from: Moneypenny on October 28, 2013, 10:56:38 am
Patrick, either the leader board has frozen in time or I'm perfecting the skill of picking loser shares. Which is it?

c) the JSE has a hangover.

Switching to the backup links.

7938
Shares / Re: TKG Telkom Group
« on: October 25, 2013, 06:11:57 am »
I wonder how many shares his friends and relatives bought around that time  >:D

7939
Shares / Re: New JSE Listings
« on: October 24, 2013, 11:31:22 am »
Don't know the exact dates though:
ATT    Attacq Limited    1655
GGP    GoGlobal Properties Ltd    1409
GIY    Giyani Gold Corporation    0
IAP    Investec Australia Prop    1010
NGPLT    New Gold Platinum ETF    14100
SVF    Southern View Finance Lt    1032
TWR    Tower Property Fund Ltd    865
WCC    The Waterberg Coal Co Lt    150

7940
The Investor Challenge / Re: investor challenge
« on: October 23, 2013, 08:50:08 am »
Quote from: Bundu on October 22, 2013, 07:31:01 pm
Quote from: tgg78703 on October 22, 2013, 07:15:53 pm
It would seem that gold shares are making a move , so I could recover my losses on GFI.

Then you will struggle to catch me orca :)

Patrick how about a separate leader board without  the penny pincher's. Everytime TCS hit 2c or NUT is on 2c or climbs to 3c the whole game gets warped.

They are only there for irritation value anyway

I agree with that..... not that I'm near the top  :-[ but, it's annoying looking at somebody's portfolio and then you realize their shares are not 'real'

Next year there'll be no penny shares any more... And selling, with a kind of a tax system built in to level the playing field for traders and investors. At least the theory is in my head, building it still needs to happen!

7941
Shares / Re: SAC
« on: October 21, 2013, 09:49:43 pm »
Dividends are huge, on a normal payout ratio too. One thing to remember is that with property stocks you're not actually getting a dividend, you're getting interest, so it'll be taxed at your marginal rate. Here's the longest term graph I could get:

7942
The Investor Challenge / Re: investor challenge
« on: October 21, 2013, 08:37:38 am »
Moneypenny conquered, not to reign in Orca  ;D

7943
The Investor Challenge / Re: investor challenge
« on: October 18, 2013, 10:55:50 am »
Quote from: tgg78703 on October 18, 2013, 10:08:55 am
if she on your dating site patrick,

if so send a link

Mz Diaz, sadly not, but if she played her cards right she'd have a chance with me  ;D

7944
The Investor Challenge / Re: investor challenge
« on: October 18, 2013, 08:28:03 am »
Congrats jaDEB, that deserves a thumbs up


Can you hold it for the next 2 months?

7945
Off topic / Re: anyone paid off their bond/s before investing in equities?
« on: October 17, 2013, 10:56:33 pm »
Quote from: yossarian on October 17, 2013, 03:33:07 pm
Quote
One is going to pay income tax on the sale of those equities too in order to generate income annually off of that portfolio.
Nios,

Assume
  • you had held the shares you were drawing down for more than 3 years
  • you are drawing down R320k pa.
  • no other income

Taxable income = (320 -30) /3 =  96 k pa.

Tax payable is approx R6000 pa less deductions.
Correct me if I'm wrong, but isn't it actually better than that? Because you didn't get the shares to sell for free they obviously had a cost price. Let's say you bought them for R100k:
Taxable income = (320 -100 -30) /3 =  57 k pa.

Tax payable is approx R0 pa less deductions.

7946
Off topic / Re: VOIP question.
« on: October 17, 2013, 12:57:16 pm »
What Franz means is that calls from skype to skype are always free. Calls from skype to anything but skype are charged. So find the skype name for the other person and dial that, don't dial their number.

7947
Shares / STXIND
« on: October 16, 2013, 09:08:09 am »
STXIND 23.90141 cents - LDT: 2013-09-20

7948
Off topic / Re: Comfortable about staying in ZA ?
« on: October 16, 2013, 07:17:26 am »
What makes me happy is that the readers on http://www.sowetanlive.co.za/ seem to universally despise him too. Hopefully it'll show in the next round of voting.

7949
The Investor Challenge / Re: investor challenge
« on: October 16, 2013, 07:13:05 am »
If someone could just tell those fish to keep swimming up I'll overtake MoneyPenny. And then get those gold mines striking to bring jaDEB back down from the heavens. Sorry tgg I know you won't be happy about that though as you have SGL in real life.

7950
Off topic / Re: Tapatalk
« on: October 11, 2013, 01:43:13 pm »

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