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Messages - gcr

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541
Shares / Re: The Rand
« on: February 16, 2016, 02:39:01 pm »
Quote from: Orca on February 16, 2016, 01:50:15 pm
I read somewhere today that the ZAR could quite possibly strengthen to below R13 or even R10 to the USD. I think it was Moneyweb.
Yes - I read that as well - but it was issued by a financial advisor or an "economist" or an actuary or a politician  :LHST: :LHST: So no real credence there :'(

542
Shares / Re: TFSA (2016)
« on: February 12, 2016, 03:41:06 pm »
Quote from: jonb on February 12, 2016, 02:52:45 pm


Quote from: Hamster on February 12, 2016, 02:39:45 pm
Quote from: jonb on February 12, 2016, 02:34:05 pm
@Patrick

I was under the impression all dividend tax is exempt in a TFSA ?



Here:
Quote
Deutsche Bank’s response to my question on how dividend withholding tax worked on its range of blue-chip exchange-traded funds (ETFs) was: "Section 64 (n) of the Income Tax Act provides for a rebate to be deducted from the local dividends tax payable in respect of a foreign dividend if that dividend was subject to foreign tax."[

As far as I understand that, it means the dividend taxes are already deducted in the US or wherever, so you do not get as much tax savings from holding them in a TFSA as you would by escaping the full 15% tax on dividends from local companies.

Aside from the tax issues, the MSCI World tracker is not particularly attractive from a dividend perspective since its dividend yield is only about 1.7%, placing it fairly low when ranking ETFs by their dividend or interest payouts./quote]
http://www.bdlive.co.za/opinion/columnists/2015/08/27/how-to-find-your-perfect-tax-free-saving-fund


Really interesting ! thanks for passing that on

I already sit with savings in the S&P 500 index plus some blue chips in an offshore portfolio ( dividends are taxed here as well i think ? )   however with this TFSA I am not sure if I want to go all SA at this point in time

oh well back to the drawing board ...  only a dozen or days to go before d day :)

Still think DBXWD + STXIND or a third thrown in for some stability is not a bad offering. I am however looking at this for the real long term
I concur with you on the DBXWD and STXIND - if I go into TFSA then these would be my 2 primary investments. However what I am still trying to get my head around is what the benefit of these investments would be against my present tax liability and at present it will give me no value, because I am still carrying a negative CGT with SARS - it will more than likely be neutralized this year. O ne thing I did learn last night is that you could almost use your TFSA as a trading account you would only be required to pay the transaction charges that your provider charges but if you can minimize all costs it could be an alternative to trading through a broker and running foul of SARS.
The other question is - what is the value of these TFSA's if you are not being assessed by SARS for tax but your investments are above say R 1.0 million and you are not required to submit a SARS return - to my mind there is zero benefit - so maybe put a larger portion of your portfolio in your wife's name but she should not be working

543
Shares / Re: TFSA (2016)
« on: February 12, 2016, 11:15:40 am »
For those who may be interested I attended one of Simon Brown's Power Hours at the JSE last night and the two counters he has in his portfolio are the Betta Beta Top 40 and DBXWD and says his next trance of funds will go into these on a 40/60 (from what I recall) ratio next month.

I am still hesitant with this investment but the more I read and hear about the 39 counters that you can purchase is become a bit more compelling, the only issue I have is that I can't invest more than R 30,000 per annum and I don't have the luxury of investing for the next 17 years as I will probably in a wheelchair dribbling into my bib in 17 years time - need to be able to fast track at least 10 years of investments

544
Off topic / Live chat
« on: February 11, 2016, 02:50:48 pm »
The market has already factored in a negative SONA address this evening - needs to be impeached

545
The Investor Challenge / Re: Anonymous needs advice
« on: February 10, 2016, 01:54:52 pm »
I am not a great believer in commuting any of one's pension but rather leaving the entire amount in the pension. What is not clear is whether this is a defined pension through her company - if so needs to assess what happens in the longer term as in these pensions the company has to make up any shortfalls.
By investing other proceeds into shares or other forms of investment one can get quarterly dividends/interest on EFT and presumably REIT whereas shares will only pay out once ever 6 months if they declare dividends. No sure what this person lives on i.e. income and expenditure but they need to do a what if analysis based on this data as by and large that will determine what type of investment instruments they can invest in.
Also this person will become a provisional tax payer and may have to do twice yearly returns to SARS. If the person can draw down less than 4% on a Living Annuity so much the better - one can always increment on an annual basis in the future but this is on the proviso that the person can live on their income that they are likely to have to manage on. Also maybe shelve the idea of holiday until matters have stabalised and they get a clear picture of their financial position or disposition

546
Shares / Re: Investing in SA or taking/leaving money overseas
« on: February 09, 2016, 12:30:26 pm »
Quote from: Patrick on February 09, 2016, 11:10:18 am
Yes, you'll have to take the hit, and unfortunately even inflation isn't taken in to account. My strategy is to sell when all markets are down like in a bear market. That minimizes your capital gains for instance your JSE shares aren't worth as much, but you also buy foreign shares at a lower price, so the net effect is no loss.
You like to travel so one option is to take a busman's tour of selected countries and take out the maximum travel allowance possible for you and your wife and then deposit the excess over needs into your foreign account. The foreign country where you funds are being held may request you to explain the deposit when made but I am sure they are competent to report as required without any problems for you

547
Shares / Re: STXIND vs DIVTRX
« on: February 08, 2016, 11:18:47 pm »
I fully subscribe to Orca's above piece and only a decision should be taken once these two speeches are concluded.
However the ANC government are past masters at saying what they intend doing yet get no further than lying on some shelf - see NDP
Gordhan is up against two other communists in cabinet Davies and Patel and he has "the blade" to deal with as well, so I don't hold out much hope that Gordhan is going to get the latitude to change policy, which is so desperately needed. On the matter of "Feesmustfall" one already sees that the government has mouthed off that there will be no increases in 2016 (hardly a shining light for feesmustfall) and has set up a commission to look into university fees, with a conclusion date sometime after August this year. This is the start because next we will have parents stating that they don't want to pay school fees and yet another mass action party will be held.
I also don't know how Gordhan is going to address the issue of grants and old age pensions because government raided their contingency account to pay public sector salary increases, so they have no money. With falling tax receipts the government only has 2 choices 1) increase tax thresholds and brackets by a minimum of 4% to meet future needs or 2) borrow more money. Once 2 happens the World Bank will step in and we will without a shadow of a doubt we will get a junk bond rating and end up like Greece, Russia, Brazil et al.
Regrettably the government has looked to China to be their saviour which is indeed diabolical for this country as it is simply one way traffic where we import more than we export to them. They will end up paying for dams and whatever infrastructure that this ANC government requires and they will fund it, so ultimately the Chinese will colonise the country and as things are going the rest of Africa to boot.
So do I see a rah rah speech from Gordhan - not really, there is only one positive about SONA and the budget speech - both are happening ahead of elections in May 
 

548
Shares / Re: Investing in SA or taking/leaving money overseas
« on: February 08, 2016, 10:54:43 pm »
Just as a curiousity what made you pick the above company and how much of your permitted R 1 million did you entrust to them. I presume you did the transfer via a bank so that there is a paper trail in the event of funds going missing or removed from the overseas account.
To me it seems a bit scary as the whole account opening is based on trust which in this country is at a pretty low level
 

549
The Investor Challenge / Re: Blog post: You don’t earn nearly as much as you think you do!
« on: February 04, 2016, 03:23:00 pm »
Patrick - I hear your argument, but the reality of life is that at your very first interview with the prospective employer they should tell you where your office environment will be, and that constitutes your employment place of work. if you live klms from your point of employment then that is not the employers problem but yours. You have to make a decision if you accept their employment offer that you either move closer to your work operation or commute, both events are normally for your account unless they agree to a relocation award.
Further your salary is totally work related and performance based against a set of rules, normally the only way of incrementing your income is through above and beyond the call of duty (though I have seen people advanced not based on performance but because of personal connections, and legal dictates) so if your emoluments stagnate one needs to self reflect and then make a judgement call as to whether you wish to be employed by the current company
Another aspect which has no Rand value that you can apportion to it is:- 1) how much you enjoy your job 2) how diverse is the job and does it present challenges daily and how do you solve these problems 3) how little interference you have from your boss (es) 4) are you trusted and are you permitted to commit the company even in the realms of capital and direct operating costs 4) are you an architect for change

Chances are that if the benefits above are real, one should enjoy ones job and progress relatively well within the company

To me there are 3 elements to working - your own self worth; the companies perception; and the reality   

550
Shares / Re: LOOKING TO LEARN TO TRADE
« on: January 28, 2016, 12:08:59 pm »
I googled Learn to trade and got a couple of sites which maybe if you tap into them they could give you direction and insights

Personally I prefer to play Powerball to trading as with Powerball I can control how much I spend and if I hit the jackpot hooray, with trading you can lose bucket loads of money

551
Off topic / Re: Wood you like to make a wedding ring?
« on: January 25, 2016, 11:33:59 am »
Patrick - 2 suggestions that may make the making of the ring easier but it is dependant on the centre bore of the ring
1) source a dowel rod which equated to the centre bore of the ring (or just a touch smaller and you can sand paper out the centre to the right bore to fit the finger); cut dowel rod to about 100 mm in length; wrap your laminates around the dowel rod, ensuring a tight fit on each wrap (hold extended end in a vice for rigidity); press each layer tight against each previous layer. Let the whole lot dry full - leave for about an hour, cut off excess dowel closed to ring and then bore out the centre with a drill just shy of the final internal bore required
2) If you have a drill then buy a hole saw slightly larger than the size of the external size of the ring size (outside radius) - hole saws come in a variety of sizes. Cut the ring blank with the hole saw, determine the exact centre point of the ring and drill this centre out to a size slightly smaller than the ultimate finger size.

From what I can see the wood you have used is probably a meranti given its colour and texture - if you adopt option 2 above you can then buy different planks of exotic woods like imbuia, kiaat, yellow wood, rosewood, oak or even teak as in most cases timber merchants will sell you a single plank of 25 mm thick unplained wood (but ask them to plain both sides for you before taking it - this will leave you with about a 22/23 mm thickness - if you want you can even take thicker planks of wood up to about 76 mm)

Have fun   

552
Shares / Re: Grand Parade
« on: January 22, 2016, 10:18:44 am »
I really don't think Grande Parade is a company that I would invest in again. I used to invest in them in the early days circa 2005/6 but they do seem to be a bit directionless.
There primary investments have always been in the gaming industry now into Burger King and Mac brothers (sole providers of the Burger King foodstuffs), they also have a 10% holding in Spur as an empowerment deal.
However if you look at their fact sheet they are very sparse with information as to what their real business is so you end up not really knowing what you are buying into
In my early days these shares were trading (over an extended period) anything between 30 cents and about R 1.30 - I haven't looked at their financials but it would appear that their results were/are pretty pedestrian and its not a company which I believe will ever shoot the lights out
Without being derogatory the person who seems most comfortable with the company is Hassan Adams - he seems to have done well out of all the deals 

553
Shares / Re: Mr Div's CFD diary :: How to loose R25K in a few easy steps
« on: January 22, 2016, 09:59:32 am »
Mr-Dividend - just a question really.
Do you regularly look at the London Stock Exchange and the Dow to see their direction? Also it is worthwhile looking at the Tokyo stock exchange.

What I am suggesting is that you take a helicopter view of these exchanges and then make your decision regarding going long or short on the JSE - may just help
There used to be an excellent site page 88 which was frequented by traders sitting in different parts of the world who used to comment on the likely direction of world markets and all of the contributors where traders either working for financial institutions, companies, or for themselves. Even they got it wrong sometimes, but the essence was that they read the market
Pity they are no longer in existence with many having moved sites
Just my thoughts - may help in limiting your losses

554
Off topic / Re: Live chat
« on: January 21, 2016, 01:55:17 pm »
Quote from: Orca on January 21, 2016, 12:23:29 pm
All SA passport holders earning under R800K to be deported from the UK come April.
Is this just a UK/SA thing or are they doing for other nationals (dual) as well?

555
Off topic / Re: Live chat
« on: January 21, 2016, 09:22:21 am »
Interesting article on Moneyweb by Patrick Cairns "What's up with the Divi?"

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