661
Saw the sens for the respective DBX's and the management fees seem very steep
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662
Shares / Re: I-Trade 2015
« on: July 21, 2015, 02:14:55 pm »
Order was placed - eventually so don't know what the narrative that I had exceeded my trading account limit was all about
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Shares / Re: I-Trade 2015
« on: July 21, 2015, 01:53:00 pm »No, I have sold then bought. U only allowed the Top 40, Midcap and Exchange Traded Funds only.Well I sold the DBXEU but it did not allow me to buy TBS - I had +R 96,000 cash to buy and tried to buy 300 at R295.95 which is some R 89,000
ACL -
664
Shares / Re: Long Term Portfolios.
« on: July 21, 2015, 01:49:36 pm »
I think the shares yozzi is talking about are all rand denominated - he does not hold the share certificates/nominee shares in an overseas account. So very simply if the Rand does tank then the funds would move in sympathy with the rate change. However to me the more important scenario here is that what you want is that you have an overseas broker who buys and sells into the major markets around the world and would hold different currency trading accounts. However to do this you need to be in good standing with SARS and don't them any funds
665
Shares / Re: I-Trade 2015
« on: July 21, 2015, 01:41:34 pm »
I just sold out of my holding of DBXEU but when I come to buy other shares it won't allow me to purchase the shares - does this "competition" system have a 24 hour hold on funds prior to letting you buy other shares?
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Off topic / Re: Live chat
« on: July 20, 2015, 11:23:40 am »Thanks GCR, it's a presonal bone of contention of mine, as I have 35% of my investments in active (my early years investing), and can't move it without heavy capital gains taxI had a similar problem but I have sold off the majority of my Mutual funds with the exception of Nedbank Entrepreneur, and more recently Coronation Top 20 ( I cancelled all my life cover and use the premiums by sinking them into the Coronation fund along with my RA premiums (I bought an LA)).
It may pay you to take the knock on the CGT on sale and invest in other instruments which more than likely offset your CGT in about 3 years - I found that UT capital appreciation is pretty pedestrian these days
668
Off topic / Re: What I worked on this weekend...
« on: July 14, 2015, 08:38:55 pm »Yep, that's pretty much the process. They're impregnated with cyanoacrylic which should make them pretty hardy, time will tell I guess. I did initially look into making them from a single piece of wood, but the lack of a lathe and the reports of how they crack under pressure made me go for a bent wood design rather.It is my hobby - which I took up prior to retiring in 2005
I wasn't sure what type of wood it was, timber city only has veneer edging, and only this and another very light coloured wood was available without being pre-glued. The light coloured wood wouldn't bend even when boiled for ages, so I went with this. The colour came out really nicely so I'm glad I did. I might try the light coloured wood again, though it'll probably mean a number of boil and bend cycles to get it to a small enough radius.
Was carpentry once a hobby of yours?
669
Off topic / Re: What I worked on this weekend...
« on: July 14, 2015, 03:30:04 pm »
From observation it would appear that you have laminated layer upon layer of meranti and then spent an inordinate time sandpapering to shape.
Suggestion next time use a hard wood and don't laminate but turn on a lathe less sanding and you stand a better chance of it not splitting as it is hard wood. The rings you have made may well de laminate over time so make a few more. Suggested woods for making the rings Rhodesian Teak, could us Kiaat, Rosewood or even wild olive - steer clear of pine, meranti, white or red oak as they tend to splinter
Well done on the effort to make them nevertheless
Suggestion next time use a hard wood and don't laminate but turn on a lathe less sanding and you stand a better chance of it not splitting as it is hard wood. The rings you have made may well de laminate over time so make a few more. Suggested woods for making the rings Rhodesian Teak, could us Kiaat, Rosewood or even wild olive - steer clear of pine, meranti, white or red oak as they tend to splinter
Well done on the effort to make them nevertheless
670
Shares / Re: What investment instruments do you use?
« on: July 13, 2015, 11:34:27 am »
I find it interesting that people look at dividends as a means of support and invest in something like the STXDivi or a tracker fund
Has anybody done the maths on this scenario:-
Having funds invested in a typical fixed deposit for a year or 6 months rolling versus funds ex these ETF for dividends. Many companies pay out less than 6% as a dividend and then it is subjected to dividend tax at 15% and normally paid into your trading account with your brokers. The broker probably also charges annual fees which also spreads your costs for maintaining that account across your dividend receipt albeit a small portion.
It could prove more expeditious to invest in a rolling FD rather than being overly concerned about the attractiveness of dividends. Also if over/under 65 in age you get some relief on interest earned via SARS so this needs to be considered when viewed against a dividend chase
Just my views
Has anybody done the maths on this scenario:-
Having funds invested in a typical fixed deposit for a year or 6 months rolling versus funds ex these ETF for dividends. Many companies pay out less than 6% as a dividend and then it is subjected to dividend tax at 15% and normally paid into your trading account with your brokers. The broker probably also charges annual fees which also spreads your costs for maintaining that account across your dividend receipt albeit a small portion.
It could prove more expeditious to invest in a rolling FD rather than being overly concerned about the attractiveness of dividends. Also if over/under 65 in age you get some relief on interest earned via SARS so this needs to be considered when viewed against a dividend chase
Just my views
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Shares / Re: Long Term Portfolios.
« on: July 12, 2015, 07:48:59 pm »
Some interesting discussions on this thread and some diametric views
From what I can gather Mr Dividend is focused on dividend returns - are you taking the dividends and using them as your pension?
From other posts am I right in saying that you have indicated that you are near of have retired - hence the need for dividends?
I on the other hand have retired and get a good pension and have funds in a rolling 6 moth FD and some Mutual funds plus a smallish LA
My share portfolio is what I focus on and which I manage myself and handle all buying and selling through a broker platform
My objective has been to grow my share portfolio by a minimum of R 250,000 per annum however 2007/8 went into negative territory but since 2008 I have achieved that objective. Pensions and your health deteriorate with age and your medical bills increase as do all other living expenses so my overarching objective is to ensure that at 85 I can still live and enjoy life as it is today but some 17 years younger
So to me it is important to determine what my long term goal is and how I can achieve that with a annual plan, and adjust it to ensure you still achieve your objectives
From what I can gather Mr Dividend is focused on dividend returns - are you taking the dividends and using them as your pension?
From other posts am I right in saying that you have indicated that you are near of have retired - hence the need for dividends?
I on the other hand have retired and get a good pension and have funds in a rolling 6 moth FD and some Mutual funds plus a smallish LA
My share portfolio is what I focus on and which I manage myself and handle all buying and selling through a broker platform
My objective has been to grow my share portfolio by a minimum of R 250,000 per annum however 2007/8 went into negative territory but since 2008 I have achieved that objective. Pensions and your health deteriorate with age and your medical bills increase as do all other living expenses so my overarching objective is to ensure that at 85 I can still live and enjoy life as it is today but some 17 years younger
So to me it is important to determine what my long term goal is and how I can achieve that with a annual plan, and adjust it to ensure you still achieve your objectives
672
Off topic / Re: Live chat
« on: July 10, 2015, 11:00:23 am »
Sanlam have run this competition on numerous occasions but this year everything that could go wrong has - it almost seems like it is a beta version we are "supposedly" playing with
Today all my profits have been zeroed and and my overall portfolio value has dropped by some R 13,000 - can't fathom whats going on.
I have withdrawn from this competition as its a joke
Today all my profits have been zeroed and and my overall portfolio value has dropped by some R 13,000 - can't fathom whats going on.
I have withdrawn from this competition as its a joke
673
Shares / Re: I-Trade 2015
« on: July 08, 2015, 02:52:30 pm »You are currently ranked 99th of 7107 usersAre you trading on a regular basis or are you merely buying and holding?
674
Shares / Re: Pulverized Sand Box
« on: July 07, 2015, 06:22:26 pm »
My 5 cents
My broker (and I thought all brokers worked the same way) treats any order to buy/sell shares as one order irrespective of number of bought/sold transaction in the day provided the entire order is executed on the same day. If your order is split over two or more days then brokerage would calculated per shares bought/sold on the given day.
To my knowledge this is not a broker rule but a JSE rule
My broker (and I thought all brokers worked the same way) treats any order to buy/sell shares as one order irrespective of number of bought/sold transaction in the day provided the entire order is executed on the same day. If your order is split over two or more days then brokerage would calculated per shares bought/sold on the given day.
To my knowledge this is not a broker rule but a JSE rule
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Shares / Re: ABSA's TFSA offering.
« on: July 07, 2015, 11:31:26 am »
I hold my entire share portfolio in nominees with my brokers who are also a sub operation of the large 4 banks. Over the last 40 years I have always held them in nominees as going back years when you needed to transfer the share certificates into your own name it was a 14 day exercise, it was better to hold in nominees because they were then always in good order and available if you wanted to sell in a hurry. With the 3 year holding period there is little opportunity to buy and sell within a week unless you want to be classified as a trader. Also to have the shares in a nominees account you have a certain degree of anonymity which I prefer, as the banks don't divulge the account holder details - other than SARS. I don't get notifications per my holdings of when AGM voting is going to happen, other than on my monthly statement it has a section covering forthcoming events and there they record details of when voting will take place at the AGM. However as your holdings are in nominees you need to obtain a proxy to vote at an AGM