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Patrick - as a matter of interest why is Taste Holdings not on our list of counter to take into our portfolios. Can you incorporate?
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632
Off topic / Re: Live chat
« on: August 31, 2015, 03:17:16 pm »I would advise you to be very pedantic regarding base costs when switching your portfolio as it could significant implications when dealing with SARS on issues of CGT. Also I have a view that the receiving broker should record the original date on which you purchased the counters as the transfer from present to future broker is nothing more than an electronic transfer of counter volumes and there should be no price movements. When you come to sell a counter there should not be a necessity to convince SARS that you have held the counters longer than the prescribed 3 year period - the burden of proof should not be with you.Thinking of moving my ETF portfolio from ETFSA to EasyEquities.. Any opinions?
I buy monthly via debit order and did the math, it's substantially cheaper to use EE, even with buying 4 shares monthly than the %pa cost of ETFSA..
Only concern is reinvestment of dividends. ETFSA is a debit order and forget, where as EE needs bit more management.
EE also doesn't have an adequate amount of ETF shares in "stock", e.g. divtrax can only buy R1600 at time...
Due to the exact same reasons, I'm in the process of making a similar move from Satrix Direct (AOS Partners) to EE. Last debit order and subsequent purchase takes 40-days to 'clear' so my move should be concluded by 16 Sep. They charge R 170 per holding to transfer, but should be worth it in the long run, unless EE starts charging a p.a. fee too...
Regarding auto divi re-investment, if I remember correctly, this is something EE are looking into 'for the future', but for the time being, you'll have to manually buy more with divi returns. Not a big pain for me, actually prefer it that way flexibility wise.
The liquidity issues for some of the EE ETFs have been raised a couple of times on threads here - seems that a call to their call centre will sort that out - they might charge a fee (R50?) for this. I recently bought some on which the limit was about R3,5k per purchase - I just repeated the process a few times until I had the amount what I was looking for. I think it costs the same as any bulk purchase as there's no pricing tiers, but I might be wrong.
From another poster in another thread, it seems that getting EE to show the correct base cost for all your transferred holdings might be a bit of an issue, since there are multiple purchases on the ETFSA portfolio due to DD. I simply calculated the base cost by taking total cost by number of shares held - that matched my Satrix total base cost and that is what I will provide EE to show as my base cost once my Satrix portfolio has transferred.
So once transferred - just check that the new records reflect the reality of when you purchased the counters and that the base figures are reflective of when you purchased them
633
Shares / Re: Dividends to pay for my expenses
« on: August 30, 2015, 04:06:44 pm »Thanx for the reply. The only reason I was interested in bonds was because, according to my knowledge, bonds have monthly interest payments. That was very enticing to me.Now if I had to apply this principle to my portfolio then to all intents and purposes I am dead in the water - I have no bonds nor property stock in my portfolio and have no intent of selling off counters to move into these types of instruments.
Plus in my research (I am still a beginner investor) a lot of people said take 110 and subtract your age. The number that is left is what you should have in common stock and the rest should be in bonds. Now of course some people dispute that but they all seem to agree that you should have some of your portfolio in bonds nevertheless.
So its really a case of different strokes fro different folks and what your end goal is, and what your reality checks tell you as milestones.
As this thread infers some people want to have dividends to meet present or future expenses, I am looking for capital growth over the long term to meet pension shortfalls and ensure that my quality of life as it exists now is not eroded
As I have stated I have a plan which meets my criteria and needs for the long term - with a horizon of the next 10 to 30 years (if I live that long) One of my objectives is that my wife would not have to sell any shares in my portfolio but use it and other cash components of my estate to augment her loss of 50% of my current and future pension i.e. she is put in a better position than she is currently in
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Off topic / Re: Live chat
« on: August 25, 2015, 11:55:16 am »I'm loving these low prices. Rebalancing my portfolio and picking up all these supposed "capital losses" and then buying the other index at a discount... Then using those capital losses to get rid of as many of the expensive unit trusts I stupidly bought years ago. Win all around!Yup I am quite happy with my buys yesterday plus the movement up this morning about, R 80,000 better off than yesterday
635
Off topic / Re: Live chat
« on: August 24, 2015, 06:54:24 pm »
Great day for shopping today, bought parcels of/or topped up on Pick n Pay (2 lots), Clover, Santova, AdaptIT, hoping to pick up some more Adapt IT tomorrow morning in the auction
Isn't it amazing how many fund managers and investment advisors all saw this coming and could almost predict to the percentage the drop we have experienced last and this week - methinks they would be better predicting by looking into a cup with tea leaves in rather than using their cloudy crystal balls.
Oh well all the "Sell in May and go away" lemmings will all be back next month buying up shares as markets generally improve between now and Christmas and if your not in - your out
Isn't it amazing how many fund managers and investment advisors all saw this coming and could almost predict to the percentage the drop we have experienced last and this week - methinks they would be better predicting by looking into a cup with tea leaves in rather than using their cloudy crystal balls.
Oh well all the "Sell in May and go away" lemmings will all be back next month buying up shares as markets generally improve between now and Christmas and if your not in - your out
636
The Investor Challenge / Re: Lost some purchase records
« on: August 24, 2015, 09:29:29 am »
Seems to have corrected itself with whatever you did on the data base - have moved back to where I was on the leaderboard - and the loss on sales has also come back on the portfolio view
Ta
Ta
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The Investor Challenge / Re: Lost some purchase records
« on: August 21, 2015, 11:50:17 pm »
I seem to have lost a purchase order - the only reason I say this is because my net profit is now zero and it should be negative. Also my position has dropped significantly yet my percentage increases/decreases don't seem to justify this drop - so there may be a reconciliation error somewhere in the numbers
638
Shares / Re: Long Term Portfolios.
« on: August 18, 2015, 06:58:39 pm »
Well their audited results were very passable
639
Off topic / Re: Live chat
« on: August 18, 2015, 12:01:08 pm »Well now, that's some dangerous advice! I bet some Chinese people wish they had not just done that very thing.Well I've been doing it for 20 years, but then , I am not chinese
640
Off topic / Re: Live chat
« on: August 18, 2015, 09:33:55 am »Same here NPeanut. Also trying to look at it as a positive correction, just wish I had more money to invest right now.If you have a bond and have free float take out what you can and invest in the market as in the longer term you will get a better return
642
Shares / Re: Long Term Portfolios.
« on: August 12, 2015, 08:53:00 pm »
Dropped my price and got another parcel at R 9.70
643
Shares / Re: Anyone here invest offshore?
« on: August 11, 2015, 11:39:49 pm »
Orca - a question for you.
I have an opening account form with a broker firm in London (my local brokers have recommended them for my overseas portfolio)
They have given me options of opening the account and having the portfolio reported in either Sterling; US Dollar or Euro. I want to buy shares on the Euro markets but also on the London exchange.
Can one buy shares in a company (as an example) Tesco's in Euros across the London Exchange or can one only buy them in pounds
I would prefer to have a single portfolio currency for the portfolio and don't necessarily want to open more than one account per currency as that becomes messy when reconciling holdings and values
Any pointers would be appreciated
I have an opening account form with a broker firm in London (my local brokers have recommended them for my overseas portfolio)
They have given me options of opening the account and having the portfolio reported in either Sterling; US Dollar or Euro. I want to buy shares on the Euro markets but also on the London exchange.
Can one buy shares in a company (as an example) Tesco's in Euros across the London Exchange or can one only buy them in pounds
I would prefer to have a single portfolio currency for the portfolio and don't necessarily want to open more than one account per currency as that becomes messy when reconciling holdings and values
Any pointers would be appreciated
644
Shares / Re: Long Term Portfolios.
« on: August 11, 2015, 11:24:37 pm »
Quite sickening I bought 13,000 AdaptIt in 2007 for an all inclusive cost of R 9197 ( i.e. 71 cents per share) and sold out end 2009 at R 5758 ( 44 cents per share). Now they are running around at R 9.99 per today. I bought a small parcel some weeks back at R 9.51 all inclusive and am trying to buy more but at R 9.80 almost got my order filled today but will see how things go over the next few weeks
645
Shares / Re: My retirement blog.
« on: August 10, 2015, 11:35:56 pm »
Very interesting pricing in your neck of the woods
The following are prices ex Checkers here in Joburg from this weekends Sunday newspaper
Chicken thighs or drumsticks (fresh) R 39.99 per kg
2 litre low fat milk R 19.99
Porterhouse Pork Steak R 69.99 per kg - this is obnoxious marketing at its best
New Your Strip Steak R 99 per kg
Oxtail R 79.99 per kg
Large cut and deveined prawns R 99.99 per 700 grams
Many of the manufacturers are playing ducks and drakes with their packaging - they keep the price the same but they reduce the content quantity.
So the rip off continues
My sister stays in France from time to time and the prices you seem to get are certainly cheaper than in France and it seems here as well
The following are prices ex Checkers here in Joburg from this weekends Sunday newspaper
Chicken thighs or drumsticks (fresh) R 39.99 per kg
2 litre low fat milk R 19.99
Porterhouse Pork Steak R 69.99 per kg - this is obnoxious marketing at its best
New Your Strip Steak R 99 per kg
Oxtail R 79.99 per kg
Large cut and deveined prawns R 99.99 per 700 grams
Many of the manufacturers are playing ducks and drakes with their packaging - they keep the price the same but they reduce the content quantity.
So the rip off continues
My sister stays in France from time to time and the prices you seem to get are certainly cheaper than in France and it seems here as well