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Messages - Patrick

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5761
Off topic / Live chat
« on: February 18, 2016, 08:54:12 am »
Only 7 working days left to max out your tax free savings account. If you haven't put R30k into it (for each of your family members) make sure you do, even if it means selling your regular holdings. ABSA stockbrokers and Easy Equities are the cheapest providers around.

5762
The Investor Challenge / Re: Anonymous needs advice
« on: February 18, 2016, 08:44:26 am »
Good feedback so far, I was hoping our (very different) retirees would pop in. Orca you're retired too, any thoughts? I won't ask jaDEB because he might suggest putting it all into one share or onto the roulette wheel :P

I have some more info from the sender
Quote
From a rough budget that has been done it appears that R10k would be the monthly amount needed to cover:
Accommodation
Medical Aid
Gap cover
Insurance
Car running costs
Food
Personal items
Plus a small discretionary surplus
and Tax (my calculations after deductibles show close to breakeven for full tax year)

My rough calculations are as follows:

Assumptions           
   Investment   Draw   Per Annum   Per Month
Annuity   2000000,00    4,00%   80000,00    6666,67
Deferred   375000,00    4,00%   15000,00    1250,00
         95000,00    7916,67
      Yield per annum   Per Annum   Per Month
Other??   900000,00    7,50%   67500,00    5625,00
7 day a/c   100000,00    6,35%   6350,00    529,17
         73850,00    6154,17

The Pension is currently with Sanlam (Her company's choice for staff) but split in (I believe) two different investments of her choice.

The question really is :
- Should one leave it at Sanlam (Life or Living annuity) or move it elsewhere to reduce costs (to the best of my knowledge Sanlam insist on a financial advisor and charge admin fees)
- Where to put the R900K (R1mil-R100K)

5763
Off topic / Live chat
« on: February 17, 2016, 06:55:02 pm »
I'm watching it had back to normal levels with a big sigh of relief, you've been right before about other things Orca, I'm hoping you are again here!

5764
Off topic / Live chat
« on: February 16, 2016, 01:07:13 pm »
This seems like a pretty accurate view of what was going on in December. seems we have a fight on between two very wealthy families: http://m.fin24.com/fin24/BizNews/named-van-rooyens-two-gupta-advisors-who-almost-hijacked-sa-treasury-20160215

5765
Shares / Re: The Rand
« on: February 16, 2016, 12:28:28 pm »
I nearly did just that, but thanks to some level headed here and on moneyweb I held back. My plan is to still eventually move everything offshore mostly because I plan to be a perpetual traveller, but I'll most likely do it in bits and pieces to spread the risk and to keep taxes as low as possible.

Unless of course we miraculously hit R12/$, that would be very hard to resist!

5766
Shares / FFB
« on: February 12, 2016, 11:00:05 pm »
FFB 62.81 cents - LDT: 4 Mar 2016

5767
Shares / FFA
« on: February 12, 2016, 11:00:05 pm »
FFA 64.72 cents - LDT: 4 Mar 2016

5768
Shares / WHL
« on: February 12, 2016, 11:00:05 pm »
WHL 133.00 cents - LDT: 26 Feb 2016

5769
Shares / ITE
« on: February 12, 2016, 11:00:05 pm »
ITE 14.00 cents - LDT: 26 Feb 2016

5770
Shares / ILU
« on: February 12, 2016, 11:00:05 pm »
ILU 22.93 cents - LDT: 26 Feb 2016

5771
Shares / TDHP
« on: February 12, 2016, 11:00:05 pm »
TDHP 18.31 cents - LDT: 19 Feb 2016

5772
Shares / Re: TFSA (2016)
« on: February 12, 2016, 05:47:09 pm »
With EE there's no platform charge, just 0.25% in transaction fees. ABSA is even cheaper at 0.2%, I think they're the cheapest if the lot, so I'll be using them from note on.

5773
Off topic / Live chat
« on: February 12, 2016, 04:44:54 pm »
yes I'm also feeling quite smart for buying divtrx yesterday

5774
Shares / Re: TFSA (2016)
« on: February 12, 2016, 02:13:42 pm »
I wonder if Simon is aware that he still has to pay divvie tax on DBXWD as Mr Div pointed out in another thread. That being the case I'd rather buy DBX in a normal account and save the tax free account for stuff that can really take full advantage.

5775
Off topic / Live chat
« on: February 11, 2016, 04:23:49 pm »
nothing exciting, just some divtrx. unfortunately i ask bought some VWRD yesterday, should have waited till today....

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