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@gcr, of course the article was ridiculous, you'll never get two perfectly matched people, what the article was trying to say is that all other things being equal, someone who views cars as a transport tool will end up spending less money than someone who views cars as toys. The numbers are part of the usual I never knew it would cost that much shock factor. Most of my friends/colleagues are quite well off professionals, and I know someone who owns/has owned each one listed.

Quote from: gcr on December 13, 2017, 11:19:15 pm

The reality is that if you are in a well paying job make sure you make some saving commitments, another reality is that maybe consider having your kids early in your marriage so that from age 45 onwards you have no schooling or varsity fees to deal with and your kids are out of the house.

That's a really interesting thought, and not one I've heard before. My dad had his last child well in his 50s and partly due to that is still needing to work when most people his age are winding down. I know there are serious health benefits to having children younger, so this is something people should consider.

Quote from: santoshlv426 on December 12, 2017, 04:45:57 pm

On a cold winter morning, seat warmers are a necessity, not a luxury.

Absolutely, or maybe you should leave Alaska during the winter. 

Living in SA it is absolutely stupid to have seat warmers even when it gets "cold" in Joburg - 2/3 months of the year - come on

Last night late I tried to post but got an answer that the server was too busy and my post was distributed into to ether, so let me post my comments once again:-
This article is totally contrived and a nonsense as it doesn't deal with realities, humanistic urges (if you like), what it seems to try and convey is that if you save and deny yourself and your family some pleasures in life that at the end of the day you will be exceedingly well off at the end of the day. There is no costing around schooling yet our 2 examples seem to have kids, there is a presumption that they have similar paying jobs but nothing about number of kids, whether they employ domestics and gardeners.
The views taken are Cyclops in nature and have no relevance in life, in fact the article is so skewed that it misrepresents life totally.
The essence of the story is that one person enjoys life whilst the other beavers away every cent that they can and story line is about new car versus second cars and how long you keep the cars for. A secondhand car after 5 years out of its motor plan is going to cost and a motor car is a poor example, as technology is changing so fast that it makes a 10 year old car almost redundant. There is an issue around insurance as well, as, as insurance premiums drop so does the replacement value of the car making it more difficult to recover a reasonable payout in a collision, and its trade in value is negligible
In the one instance you have a person who enjoys cars (given the types of car bought) and probably also enjoys driving for driving's sake, the other will battle along with a second hand car with mounting costs of repairs and probably find that spares are not readily available.
I could go on and analyse the context, but that could be boring, suffice to say that the article is skewed to prove the authors point that it is advantageous to undertake some form of savings over ones working life. The reality is that if you are in a well paying job make sure you make some saving commitments, another reality is that maybe consider having your kids early in your marriage so that from age 45 onwards you have no schooling or varsity fees to deal with and your kids are out of the house. From age 45 onwards should be your highest earning segment until you retire - and more importantly when you retire you want to retire comfortably rather than a sour puss rich individual who is likely to die soon after retirement because they have no ambition or hobby to pursue.
Life is for living just keep a balance in your life
       

Quote from: gcr on December 09, 2017, 09:23:48 am

Quote from: Patrick on December 09, 2017, 09:09:00 am

Quote from: gcr on December 09, 2017, 08:49:23 am

Another issue with dividends is that taxes are now 20% off the total amount

Not foreign dividends 

How do you account for them in your tax return?

You use an exclusion ratio (55.6% of foreign dividends are excluded) and add the rest to normal income. That means unless you earn R1.5 million a year you'll never pay 20%. Here's where I wrote about it: http://investorchallenge.co.za/pay-less-dividend-tax-by-doing-this-one-thing/

That's current circumstances - Gigabytes has to find about 60 bill (better than Steinhoff) so could well ramp up dividends tax and pinch a bit from foreign dividends - won't really know until February

Quote from: gcr on December 09, 2017, 03:03:00 pm

H - seems a fair spread - one share may disappoint and that may be Checkers as one doesn't know what the fallout from Steinhoff may be. If Wiese has a fire sale on Steinhoff he may have to lighten his holdings in Checkers to prop up Steinhoff. He could also find a moneylender who may advance him cash based on his holdings in Checkers. All I am saying is that these guys are trying to juggle balls but they are all shaped like rugby balls so as they drop they could bounce anywhere. But hey that's all part of the learning and knowledge journey

I saw your comment on Moneyweb, do you think that despite the options having been exercised, the conditions precedent may halt the investment in SHP?

Quote

The implementation of the investment in Shoprite is subject to a number of conditions
precedent as set out in the Pre-listing Statement, which include, inter alia, merger filings with
various African Competition Authorities. To this end, the filings are being completed and will
be submitted to the relevant authorities in the foreseeable future.

Shareholders will be informed once all the conditions precedent for the implementation of the
transaction have been met.

Don't think these conditions are reversible but then again both Wiese, his son are attorneys
I would just wait and see what happens as Shoprite don't seem to have suffered any fall out as yet, but could affect those that were going to sell Steinhoff branded products through their Hyperama's

Quote from: gcr on December 09, 2017, 08:49:23 am

Another issue with dividends is that taxes are now 20% off the total amount

Not foreign dividends 

How do you account for them in your tax return?

GCR - so no capital growth with dividend paying stocks? - seriously, you been in the game long enough to know that. Don't recall making that statement - for dividends to grow share price would have to appreciateThe idea (or at least my version), would be to live on a healthy stream of dividend that increase at above inflation BUT also for your capital to grow at above inflation.

hamster - like any good portfolio, diversification should be front of mind. But first decide on the initial dividend yield required - the lower it is, the more choice.  At low amounts 3% - you could included some ETF's - but at higher 8% you going to have huge weightings of property.

Around 5% is probably a good percent to aim for - maybe 6%

Then you'll want a nice chunk of that in pounds/euro/dollars.

And of course - you want companies that have a history of growing dividends - or at least maintaining them during tough years. And if you need 5% - them aim for 6% to give yourself some padding.

But something like :: (what happens when you wake up at 04H00) 

   amount   PPS   Shares   Expected D   Yield   Amount Exp
tex   500   602   83.06   103   17.11   85.55
RES   500   14000   3.57   623   4.45   22.25
AVI   500   10310   4.85   445   4.32   21.58
CML   500   6882   7.27   437   6.35   31.75
SSS   500   1243   40.23   95   7.64   38.21
VOD   500   14059   3.56   850   6.05   30.23
WHL   500   5780   8.65   313   5.42   27.08
BHP   250   24556   1.02   1500   6.11   15.27
Balwin   250   506   49.41   40   7.91   19.76
NWL   500   3900   12.82   300   7.69   38.46
BTI   500   90000   0.56   2900   3.22   16.11
   5000               346.26
Total Yield   6.93               

Quick and dirty  but will should get you 6%  yield - But will it's capital also grow at above inflation....

Another issue with dividends is that taxes are now 20% off the total amount

I see Kap and SHF have 2 common directors in DM van der Merwe and SH Muller

The bull has emigrated Hey Graham what is the history, 2005 is before my time. Isn't easy equities part of GT247?

I tried to dredge up what some of the noise was around GT 247 but can't find it. I used to read comments on a site which I recall being called page 181 or something to this effect - all posters were traders from across the world (but all at one stage had SA roots) some traded on behalf of HSBC in Hong Kong, Meeg Bank in London and Chase Manhattan out of New York. The only name I recognize at GT247 is Mark Barnes who now functions as CEO of the Post Office but was part of the start up team that established GT247. From memory there were some issues around timing of deals and that they were not always executed timeously. Will read through Google a bit more to see whether I can get more detail and then provide more info