16
Shares / Re: REINVESTING DIVIDENDS
« on: January 04, 2017, 01:18:30 pm »
I think dividendtycoon on here is the same as the one that created this website: http://www.dividendtycoon.com/
A very nice read!
A very nice read!
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17
Introductions / Re: Just me - long story
« on: January 03, 2017, 12:09:03 pm »Thanks for sharing your inspirational story, Lamak. The good thing is that you made mistakes, learned from them and came out the other end a wiser person.
One question though: In your post you said "I will do less. But invest in time to get the divies ( I will keep the shares and not sell), and add some money to it to buy the next lot of shares and repeat for about 5 years."
This is slightly different to what you did in the Investor challenge where you mostly went all in with your money, bought the share, sold after LDT and then moved on to the next divi share. Keeping the share will tie up your money when it can be buying more shares for dividends. Is there a reason for this change?
Hello Trade001,
Welcome to the forum!.
There was a slight delay in the investorchallenge and you could make the system work on there. In real life it's not so simple. Mr_Divi runs a few different dividend methodologies and the thread below is a real world implementation if your interested.
http://shareforum.co.za/shares/trying-out-that-system-yes-we've-all-thought-of-it/
@Lamak, kudos to you for writing your story. I think we are all here to learn, even its only later in life. I also wish I could have started earlier but accessibility to the markets and DIY investing only really became easier/cheaper after 2000... Well I only got to know what the internet really was after 2000
18
Shares / Re: Trying out THAT system - yes, we've all thought of it...
« on: January 03, 2017, 12:03:09 pm »
I see one of the new guys have asked around this method. Can you enlighten all of us Mr_Divi since your last post was in August.
19
Shares / Re: REINVESTING DIVIDENDS
« on: December 23, 2016, 03:03:42 pm »Personally I would if practical change brokerages. $20 is huge, I pay $1.70 minimum or 0.08% with interactive brokers.
I've looked at the website. What do you pays in fees? It shows that monthly fee is $20 pm? And you need $100k invested with them. How do you claim back your 15% dividend tax if the tax rate in USA is 30% on dividends?
20
Shares / Re: REINVESTING DIVIDENDS
« on: December 23, 2016, 06:53:57 am »
Seeing as the title is relevant to my question i'd like to hear your guys' opinions:
1. I have money investing in 2 dividend ETFs in the US.
2. A pays every month giving me about $50 per month
3. B pays quarterly at $110 per quarter.
4. So the total dividend is approximately $1000 per annum
To buy more etfs costs minimum $20 ie R350. The conflict im sitting with is, do I save up to $1000 and then buy some more of these ETFs (only one of the two, because of the $20 per trade) and miss out on a year's growth potential or less and let the fees corrode my return
What would you do?
Conrad
1. I have money investing in 2 dividend ETFs in the US.
2. A pays every month giving me about $50 per month
3. B pays quarterly at $110 per quarter.
4. So the total dividend is approximately $1000 per annum
To buy more etfs costs minimum $20 ie R350. The conflict im sitting with is, do I save up to $1000 and then buy some more of these ETFs (only one of the two, because of the $20 per trade) and miss out on a year's growth potential or less and let the fees corrode my return
What would you do?Conrad
21
Off topic / Re: Transferring money overseas, any tips?
« on: December 21, 2016, 08:11:13 am »
Anyone tried this: https://www.clickfx.co.za/
An article in the Moneyweb Investor Monthly on this website. They're main business is doing foreign exchange transfers for companies but have recently started doing transfers for the public. I'm curious about the fees but the houses arent forthcoming in this regard...
An article in the Moneyweb Investor Monthly on this website. They're main business is doing foreign exchange transfers for companies but have recently started doing transfers for the public. I'm curious about the fees but the houses arent forthcoming in this regard...
22
Shares / Re: TFSA Portfolio Allocation
« on: December 21, 2016, 07:32:23 am »
Small/mid caps do better over the long term than large caps, that's why I recommended them.
If you choose the right ones MC
I've not been so lucky with a few. African Cellular Towers, Esor, Gooderson Leisure. On the other hand i've been very lucky with others. The successful small caps become the mid-caps and mid-caps become large caps over time...This is off-topic but I've bought small-cap ETFs in the US after doing a little bit of homework. The international universe is like a massive sweet shop, there is so much to choose from. Except Small-cap in the US is classified as >$500m and <$500m is a micro-cap. I've been investigating a nice emerging market ETF and you will be surprised that in for example the Vanguard VWO ETF how many SA companies are included (a small feather in our caps I rate)...
Our TFSA (taking advantage of the divi tax not being applied), I am already covered by being invested in Europe and the US:
- 67% PTXTEN
- 33% DivTrax
23
Shares / Re: REINVESTING DIVIDENDS
« on: October 11, 2016, 09:44:46 am »
I wasn't targeting NFSWIX specifically. The point I was making is that the costs are included in the TER, even if they are reinvesting the dividends for you in the ETF itself.
24
Shares / Re: REINVESTING DIVIDENDS
« on: October 11, 2016, 07:06:29 am »It's called a Total Return ETF. NFSWIX and NFEMOM are examples of ETFs that reinvests the dividends for you.
Sent from my LG-V490 using Tapatalk
The total expense ratio of NFSWIX is 0.36% so you are indirectly paying for that reinvestment of dividends.
25
Off topic / Re: Live chat
« on: September 23, 2016, 10:03:54 am »
Not sure about Std Bank spread, but Min fee is R140 or 0.51% and capped at R790 (excl the fees on the other side). Daylight robbers I say and they aren't interested in giving better rates above 100k. Patrick, have you used exchange4free? I think ill give ClickFX a try in my next offshore tranch.
26
Shares / Re: My new LT CGT portfolio
« on: September 21, 2016, 07:25:10 am »
Hey Divi,
Stupid question regarding the tax. Let's say you are paying 28%, but adding the capital gains, let's say 100k moves you into the next bracket. Do you pay the percentage on the next bracket or at the original rate?
I see it as the tax rate before adding your capital gains to your total income?
Stupid question regarding the tax. Let's say you are paying 28%, but adding the capital gains, let's say 100k moves you into the next bracket. Do you pay the percentage on the next bracket or at the original rate?
I see it as the tax rate before adding your capital gains to your total income?
27
Shares / Re: The Rand
« on: August 23, 2016, 07:51:26 pm »
Thank you cANCer for making me a quick 2% on the money i took offshore yesterday. Whew! 
28
Shares / Re: Standard bank
« on: August 23, 2016, 02:48:53 pm »
I checked the trades. 109 shares. 
29
Shares / Re: The Rand
« on: August 10, 2016, 10:08:36 am »I'm by no means blowing my own trumpet here but the people that have sent their money to the US are now feeling the pinch.
This is not bad as the ZAR will eventually reverse.
In the mean time, I will continue to invest in SA as an emerging market. EM's are future Emerged Markets.
I sent money to the US twice last year, the first time at R11.30, second time at R14.20 (same as you Patrick). I'm still up 20% in the stocks I bought. I'll be buying more USD if the Rand strengthens a bit more (ie if under R13) and investing in ETF's. I forget the exchange rate that I bought the USD for because you just cause yourself unnecessary pain thinking about what the Rand could have done. I just want more bang for my buck.
I measure my wealth in the big three (EUR, USD, GBP) and so far I been better off investing offshore than local.
30
Shares / Tax - Foreign Investments
« on: July 20, 2016, 09:50:52 am »
I'd like some understanding if some of you can enlighten me please.
1. I have a Webtrader account with Standard bank.
2. I have shares in the USDollar account as well as the EUR account.
3. I have paid 15% tax on the dividends received in the USD account and 30% in the EUR account which is reflected correctly on my IT3b for the two accounts.
On the e-filing where you complete the foreign dividends and tax credits (4112), I've added the values as per the statements. When I do a simulated calculation, the SARS calc shows that I have a foreign dividend profit and i will be taxed on that.
- Isn't this a form of double taxation? Or am I misunderstanding how this works?
Conrad
1. I have a Webtrader account with Standard bank.
2. I have shares in the USDollar account as well as the EUR account.
3. I have paid 15% tax on the dividends received in the USD account and 30% in the EUR account which is reflected correctly on my IT3b for the two accounts.
On the e-filing where you complete the foreign dividends and tax credits (4112), I've added the values as per the statements. When I do a simulated calculation, the SARS calc shows that I have a foreign dividend profit and i will be taxed on that.
- Isn't this a form of double taxation? Or am I misunderstanding how this works?
Conrad