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Messages - gcr

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691
Shares / Re: What would you do if you were exempt from tax?
« on: June 13, 2015, 03:15:31 pm »
As jon will be transferring R300K, he does not need a tax clearance nor does he need to have an active tax account.
If Jon lives in SA and is earning some form of income then he would have to get a tax clearance, and chances are he would have a tax number unless income is below the threshold amount of whatever the limit is these days

692
Off topic / Re: Live chat
« on: June 13, 2015, 03:10:32 pm »
So the trick is to not sell any shares in ones portfolio until after 1/7/2015 ::)

693
Off topic / Re: Live chat
« on: June 12, 2015, 04:41:29 pm »
Patrick - a question - you gifted us an additional R 100,000 and some of us climbed into the market immediately (like me) I am sitting with a negative balance of R 96,xxx. What happens if I sell a particular share, will I be restricted in buying shares with the proceeds of the sale or will the system allow me to go back into negative territory up to R 100,000?
Ta

694
Shares / Re: What would you do if you were exempt from tax?
« on: June 12, 2015, 04:35:49 pm »
You are permitted to take out R 10 million as a SA resident (that's the physical export of the funds into a foreign country/currency), but you have to get a tax clearance certificate which any local bank will insist on taking a copy of. Also you do not have to repatriate earnings dividends/profits to RSA, which is distinctly different if you go the route of getting your broker to handle the investment - this is always denominated in Rand and it is the broker who places the orders. There are other implications which I am still researching as if you do it through a local broker there are some tax conditions you need to meet. Also if you are a SA resident living overseas make sure you keep your tax number current otherwise you could end up being classified as a non resident and you will have to find a friendly country to take you in - also if you have a passport watch its expiry date as there seems to be a growing insistence that you call on the appropriate department in person to renew your passport and they seem to insist on proof of residency or at very least an affidavit. The simplest part seems to be opening a broker account in London (as I am currently looking into) but one needs to be aware of their tax regime and also what restriction are placed on (me) in terms of how long I need to hold shares for and which point I would have to pay CGT (still checking this out) and where the tax thresholds are and whether I have to apply for a tax number in London
So I would say that there is substantive homework to be done before just rushing off into holding funds in a foreign currency and trading on another bourse
Just my view - use them, lose them

695
Shares / Re: What would you do if you were exempt from tax?
« on: June 11, 2015, 06:49:04 pm »
Too many stocks to start afresh here so I will stay in the JSE. My investments are my only income so don't want to make bad choices.
The FX does not bother me as stock performance is the major driving force.
Ol' Orca - I thought you would have wanted to put your toe in the water with some of the shares available on the international markets. I am presently looking through the LSE to seek out reasonable shares - presently concentrating on food producers and food and drug retailers and general retailers, also interested in Danone and Nestle. Want to take funds offshore end of this year early next year - currently sussing out brokers and their charges/levies 

696
Off topic / Re: Live chat
« on: June 11, 2015, 06:22:21 pm »
I recall Choppies stores in Botswana, rural Spar/Shoprite like. Bought many succulent looking red meat cuts, tasted strangely sweet for beef though. KB
My apologies it is a Botswana company - and operates in Botswana and Zimbabwe and RSA
I hear donkey and horse are sweeter than beef - but haven't tried to test this myself, nor am I likely >:D

697
Off topic / Re: Live chat
« on: June 11, 2015, 03:55:26 pm »
Absolutely correct - it is a Nigerian Company. CHP - supposedly they can't spell so well in that country and so used an "o" instead of an "a" :LHST:

698
Shares / Re: I-Trade 2015
« on: June 09, 2015, 06:34:16 pm »
Well I've tried about 5 times today to log in and it keeps telling me that my user name or password are incorrect - had this same cr%^ last time it ran, and then just withdrew from the competition

699
Shares / Re: I-Trade 2015
« on: June 09, 2015, 12:50:31 pm »
I've registered today but have to wait 24 hours for activation

700
Off topic / Re: Live chat
« on: June 08, 2015, 09:54:20 pm »
Well that's not so bad our market is now 51,623.30 (ALSI today) the last time it was at these levels was July 2, 2014 when the ALSI got to an all time high of 51,883.71 so our market is substantially down. It got to an all time high on 24/04/2015 of 55,298.92 so we have seen a substantial retracement 8)

701
Off topic / Re: Live chat
« on: June 01, 2015, 10:33:09 pm »
Patrick - you have a facility I think it is per the heading "my holdings" where you have the facility to "sell" a particular counter, can you not incorporate a "buy" tab whereby I may want to purchase additional shares in an already held counter.
Just a thought

702
Off topic / Re: Live chat
« on: May 28, 2015, 03:53:26 pm »
Can't see a reason - in late March they announced that Sanlam had increased its holding in TFG
Also results released are not too shabby given the current economic situation and dividend increased by 10.9%

703
Shares / Re: What would you do if you were exempt from tax?
« on: May 28, 2015, 10:56:27 am »
To maximize the benefit, I'd do the unthinkable and get as high a paying job as I could for a while!

If you work in Portugal, you pay a fixed 20% tax. I was thinking of buying high dividend stocks just before LDT and selling when the price readjusts and then move on to the next one.
Would it not pay you to move a portion of your SA assets to Portugal and trade on the London and European stock exchanges - especially if you are not going to have your profits treated as income and then subject to the 20% tax rate?

704
Off topic / Re: Live chat
« on: May 26, 2015, 04:30:56 pm »
New York and London both down after the holidays yesterday and probably Greece saying they will only pay back what they can afford to pay back on their loans

705
Shares / Re: CML
« on: May 19, 2015, 10:27:43 am »
I am a buyer at R 85 - come on CML drop a bit more please :'(

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