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Messages - gcr

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946
Shares / Reaching financial freedom
« on: July 11, 2013, 04:02:40 pm »
Quote from: Patrick
This topic has been split from http://www.shareforum.co.za/shares/long-term-investments/
Quote from: franz on July 11, 2013, 03:31:22 pm
I have had very good growht with Omnia and positive it will continue, also nice divi of 2.70, LDT tomorrow, solid company.
Something for Orca to consider with EOH and STXIND.
Have all three in my LT Portfolio and happy with the growht. :)
franz - growth means different things to different people - Orca is trying to get the highest growth (share price) on his investments so that he has a reasonable lump sum for a comfortable retirement, and once his has accumulated that wealth he will invest in instruments which are less risky - so that's his growth objective. I also want growth in my portfolio and look for growth of between 12 and 15% over inflation - which I am looking to keep me comfortable in my 80's and beyond. I live exceedingly well on my present pension but the reality is that once you retire the costs that eat away at your pension are medical costs, access to a bond to buy up on a house if you so wish, municipal costs just keep ramping up as does petrol, and food and eating out- there are very few costs that one incurs when working that suddenly magically go away when you retire - they stay right there. So if you are investing to augment your pension or lifestyle after retiring then I would say try and accumulate as much as R 4.0 million (in today's terms) over and above your pension so that you can afford to live like you did just prior to retiring - your house and car are not part of that net wealth

947
Shares / Re: Long term investments
« on: July 11, 2013, 03:43:39 pm »
Quote from: Patrick on July 11, 2013, 11:27:36 am
Quote from: gcr on July 11, 2013, 10:46:05 am
Orca is not a fan of diversification ::)

Yet he is a fan of the satrix indi... Confusing chap that  :D
Yes - but not as half confusing as jaDEB :LHST:

948
Shares / Re: Long term investments
« on: July 11, 2013, 10:46:05 am »
Quote from: jaDEB on July 11, 2013, 08:56:10 am
Of course when you diversify ................................................................. you do spread your risk as well. not many of us think of that, maybe it stupid I know..... Ohh look, the seagull is in the kitchen again.

Now instead of CML hitting a brick wall, you have CML or OMN or CML&OMN.
Orca is not a fan of diversification ::)

949
Shares / Re: Long term investments
« on: July 10, 2013, 03:49:48 pm »
Quote from: Orca on July 10, 2013, 03:44:56 pm
Omnia. Another great stock. Look at it's chart. Seems as if nothing bothers her and just keeps going up. PE +-13.
I have compared it to STXINDI and included my CML as she just looks too high and should be lower and worries me. Sell and buy OMN and OCE? What to do!!!
Hedge your bets and sell a portion of your CML shares and buy into OMN - serves no purpose dumping one share totally and moving elsewhere. When you get to a point where IOMN are giving you better returns then sell out of CML if you really want to

950
Shares / Re: Can you actually beat the market?
« on: July 10, 2013, 09:44:08 am »
Quote from: jaDEB on July 10, 2013, 09:27:19 am
You do not add it to your income, you just show your total cost and total sell, the SARS website thingy auto shows you gain, and then deducts the first 10,000 I think it is, and tax you on the rest at the correct rate.
Quite correct and if you are still carrying an assessed loss then any profits made are off set against the accumulated loss - this will happen until you are in positive territory

951
Shares / Re: Can you actually beat the market?
« on: July 09, 2013, 12:47:28 pm »
I can't follow the arguments here about beating the market - what is the market the ALSI, Top40, Fin 15, Ind 25, Res 10 - if you are dealing with the broadest measure then nobody should have a problem beating the market (if the ALSI is the benchmark). If you look at the competition Patrick is running the STXIND is beating the ALSI by a few percentage points. So we need to define the market in terms of an index which we are trying to beat and since the broadest measure is the ALSI then that is the market that you are trying to beat. I am a firm believer that if you manage your own portfolio you should be able to beat the market very much annually, whereas the fund managers will battle because they run large and cumbersome funds and they have (bar a few) all set such low bench marks that it doesn't pay to invest with them, the only reason they set such low bench marks is so that they can reward themselves when they do exceed the bench mark by taking large fees from clients.
Some of my funds are invested in Mutual Funds and some companies perform well, and other awfully, and/or average - but if Satrix options as on has today were around 10 - 15 years ago I would have invested in a range of Satrix's as opposed to U/T's

952
Shares / Re: Esor Franki (ESR)
« on: July 03, 2013, 11:18:40 pm »
Quote from: Orca on July 03, 2013, 05:21:25 pm
She's determined to reach 1c. Buying this is like gambling and you will loose. Only buy up trending stocks on dips.
There is just too much negative noise around this company to warrant buying up their shares. The Durban viaduct issue has not been resolved and there are stories that the ex Mayor Mike Sucklips had a hand in awarding the contract to Esorfranki. Best leave this share alone until matters settle

953
Shares / Re: Tax
« on: July 02, 2013, 04:20:54 pm »
Quote from: Orca on July 02, 2013, 02:38:03 pm
Another tax question.
If you have your account managed by a brokerage firm in their Managed Portfolio Account such as Imara SP Reid has, and they often swop stocks then you are considered a trader. Losses and gains must be added to your other income.

If you have Unit Trusts that you keep for 10 years and although the stocks within the UT's are also sold and replaced from time to time, you will not be liable for tax until you sell the UT.
Am I correct?
I spoke to Simon Brown regarding SARS treatment of an individual who has an investment account with a broker and a trading account with the same broker, he assures me that SARS will treat the activity and the intent on these two accounts separately - so in one sense you are treated as an investor and separately on the trading account you will be assessed as a trader. I did not have long enough to raise all the question I still have but he did say that my broker should be well versed in these matters as they are in fact offering these options to other clients. On the other point, when you complete your e filing SARS return you only need to give base costs and proceeds - there is no room for listing how you arrived at these figures, and the system determines the amount you will be assessed for CGT - however if you have an accumulated loss then this is deducted before CGT is calculated. One of the problems I have is that many of the calculations are hidden to the taxpayer so you never know whether you are being ripped off or not. I have just sold some U/T's because they are not performing and these I have held since the '90's and now in terms of CGT SARS will score exceptionally on an item which wasn't even subject to CGT in the '90's - what they should do is allow you to use the price of the U/T at time of introduction of CGT - but this is unlikely to happen when dealing with an overzealous collector of taxes     

954
Shares / Re: Tax
« on: July 02, 2013, 09:38:43 am »
You need to be careful regarding the above - this ruling relates to employees and only one employer. If you are a provisional tax payer (if you receive a pension then you are automatically a provisional taxpayer) then this ruling doesn't apply. I have been trying to get Manual/Gordhan to change the way pensions are treated - invariably one normally receives a pension from one pension fund so why the difference in treatment of the employee/pensioner. SARS I am afraid are quite useless and extremely unfair in the way pensioners are treated - if you have some wealth they tax you more viciously than any other tax paying segment. If one looks at the range of taxes you pay it is quite daunting and does nothing encourage people to save in any shape or form, and don't be late or neglect to include any portion of your wealth as the penalties are quite steep.

955
The Investor Challenge / Re: investor challenge
« on: July 01, 2013, 01:21:22 pm »
Quote from: Patrick on July 01, 2013, 11:13:12 am
Press the print screen button. If you're on a laptop you might need to hold the fn key while doing that, then open paint or even ms word and press control V.

Unfortunately I made the security a little too tight, so even I can't login as you to take a look!
Seems that if I click on my name the first time it drops the name but if I click on leaderboard and my name again the name appears. will look at getting you a screen shot once I have played around with your guidelines - Ta

956
The Investor Challenge / Re: investor challenge
« on: July 01, 2013, 11:09:09 am »
Quote from: Patrick on July 01, 2013, 10:12:32 am
I take it you're grahamcr in the comp. In your public profile I see the counter name for ellies, could you post a screenshot showing your view.: http://www.investorchallenge.co.za/com_holdings_public.php?user_id=54

I do add the dividends to the trading account, so you can spend them as you would your regular deposits  :)

Yup grahamcr
I can't seem to save a copy of the screen - maybe because that's because I am no techno wizard

957
The Investor Challenge / Re: investor challenge
« on: July 01, 2013, 10:03:21 am »
Patrick - I just noticed that when I added to my Ellies Holdings (ELI) it did not pull the counter name through yet others that I added to do reflect the name

On another matter I notice that you show dividends earned based on holdings in various counters - can you (for next year) keep reflecting dividends earned but also "pay" these dividends into the "trading account" so that we can reinvest these dividends. I think you will find that the dividends could add up to quite a significant figure at the end of the day - just a thought

958
Shares / Re: Today's Outlook
« on: June 27, 2013, 02:25:07 pm »
JSE and Nelson Mandela
I think with the now long overdue acknowledgement by SA authorities that Madiba is indeed on life support (and has been since Sunday) that we can expect the bourse to drop upon his death - this is purely my view. However some other scenarios may play themselves out, the withdrawal of substantial liquid funds form our shores, since the face of SA will no longer be Mandela's, and I don't think too many people have faith in Zuma783 as the new face of the ANC. I sincerely hope that if a correction does occur that it is not too severe but it is a reality
Any thoughts :(

959
Shares / Re: How does the satrix indi do so well?
« on: June 25, 2013, 06:25:14 pm »
The STXIND is what the punters would call a safe bet and a banker. I have it in my real live portfolio and it seems to chug along quite nicely. I also think that if our economy was to improve markedly then much of the growth will come from those companies in the IND

960
The Investor Challenge / Re: investor challenge
« on: June 24, 2013, 09:55:53 am »
Quote from: Patrick on June 21, 2013, 08:54:12 pm
Quote from: Orca on June 21, 2013, 06:17:33 pm
Now you pay tax on your gains as a Trader. Every cent that you gained will be added to any other income you have and be taxed accordingly.

This is the only thing that kept me from offloading all my shares last week. Are you already classed as a trader tgg or have you held your shares for long enough not to be seen as a trader?

As for the contest, next year you'd be able to decide whether you're a trader or investor.
Patrick - if you are going to profile people as traders next year then you should apply tax criteria to those who wish to be treated as a trader. Also once you are treated as a trader you can't be treated as an investor at the drop of a hat - this principle applies when dealing with SARS as they want proof that you are no longer to be categorised as a trader
However to ensure that the competition doesn't become stale maybe allow full/partial sale of part of ones portfolio (arbitrarily 40%) after holding the stock for 12 months, or if this is too difficult then set a window (say 2 weeks) when investors can sell a portion of their portfolio. Another alternative is to run 2 competitions one for investors and another for traders and people if they want can choose either/or or both   

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