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1
Shares / Re: Nedgroup Investments Retirement Annuity
« on: March 02, 2020, 01:27:57 pm »
Hi fire2029

1. Good service and a fairly simple process.
2. See the screenshot I uploaded earlier. My EAC works out to 0.72%. They use a different fund class (C) for the RA funds that include the admin fee.

If I was moving my RA now, I would consider the OutVest fixed ONEfee offering.


2
Shares / Re: SARS - foreign dividends conversion rate
« on: July 25, 2019, 04:08:36 pm »
Thanks Patrick.  What source do you use to get the daily average rates? I'm currently using the data from the SARB link I posted.

3
Shares / SARS - foreign dividends conversion rate
« on: July 25, 2019, 03:57:59 pm »
Hi all

What average USDZAR rate do you use to convert your foreign dividends to ZAR for tax purposes?

For example:

If you are using the LSE:VWRD and received a dividend on 2019-04-10 of $100.00 what rate will you use, and why, to include the dividend on your tax return?

Options include:
1. Average rate for the year of assessment. (See SARS link Table A)
2. Monthly average exchange rate. (See SARS link, Table B)
3. Daily spot rate from SARB. (See SARB link.)

https://www.sars.gov.za/Legal/Legal-Publications/Pages/Average-Exchange-Rates.aspx

https://www.resbank.co.za/Research/Rates/Pages/SelectedHistoricalExchangeAndInterestRates.aspx


4
Shares / Re: Nedgroup Investments Retirement Annuity
« on: July 25, 2019, 03:47:44 pm »
@willemm

My section 14 transfer is in progress, so far it has been very easy. If anybody is interested I can forward details of who to speak to at Nedgroup. Attached is a comparison I got from one of the fund managers at Nedgroup.


5
Shares / Nedgroup Investments Retirement Annuity
« on: July 10, 2019, 01:23:35 pm »
Does anybody know more about the Nedgroup Retirement Annuity platform?

They did not use to have a RA platform but based on the cost calculator this might be the cheapest RA around.

EAC of 0.57% using the Core Diversified Fund! That is cheaper than 10X and Allan Gray, the Allan Gray platform fee is very high if you don't have an Allan Gray fund.

https://nww.nedgroupinvestments.co.za/content/NGISingleSiteContent/Local/Individual-Investor/invest-with-us/help-me/fees-calculator.html

My only concern is that if their back office admin is as bad as their website I might wish I didn't move to them.


6
Off topic / Live chat
« on: August 14, 2017, 01:03:11 pm »
@Patrick, do you perhaps feel like sharing the names of the offshore banks you used?

7
Shares / Re: Post brexit cheap buys
« on: June 24, 2016, 02:28:30 pm »
Trying to buy some cheap VWRD but TD Direct seems to have a technical issue. Took about 10 attempts to do a trade.  :wall:

8
Shares / Re: FNB Global Account
« on: June 24, 2016, 02:16:46 pm »
What do you want to do with your YEN once you have bought it?

You won't be investing if you just keep it in cash. If you want to invest offshore, the instrument you choose to use may not be denominated in YEN.

9
Off topic / Live chat
« on: June 22, 2016, 06:35:29 pm »
@Orca - do you prefer Standard Bank or ABSA to Saxo/IB/TD? The forex situation in the Youtube video would probably have occurred with WebTrader/WorldTrader as well. They generally apply the same rules as Saxo.  Who will you recommend as a conventional broker for offshore holdings?

10
Off topic / Live chat
« on: June 22, 2016, 01:36:17 pm »
@Orca, Both Standard Bank WebTrander and ABSA WorldTrader as just “resellers” of the Saxo white labelled platform. The user interface is the same except for the logo and colours. What value does Standard Bank or WorldTrader add that you cannot get with Saxo directly for lower fees? Saxo has a local Johannesburg office and their also offer proper two factor login. Standard Bank also changes extra for registration with GlobeTax to get the 15% dividend treaty rate.  

11
Off topic / Live chat
« on: June 22, 2016, 01:31:09 pm »
@Patrick, I agree that the risk on US situs cash is very low. My main concern was that the person dealing with my estate might accidentally do something to trigger US estate duty when selling out of out the Irish Domiciled funds. I decided to play it safe and have the trading account outside the US as well. I might consider some holdings at Interactive Brokers and just keep it under the $60k limit.  How did you calculate 0.3% per year at TD Direct for a $500k account? I understood the fees to be 25EUR for 1

12
Off topic / Live chat
« on: June 22, 2016, 11:36:56 am »
@Patrick - I decided to use TD Direct due to some of the concerns regarding Interactive Brokers and estate duty. See the comment at October 19, 2014 at 4:08 pm on https://andrewhallam.com/2010/11/how-british-expatriates-can-invest-using-index-funds-in-singapore/

13
Shares / Re: My retirement blog.
« on: June 09, 2016, 11:45:52 am »
I found these articles very useful:

https://portfoliocharts.com/2015/11/17/how-safe-withdrawal-rates-work/

https://portfoliocharts.com/2015/08/24/avoiding-the-volatility-trap/

The heatmap comparing the Total Market to the Permanent Portfolio in the link above is very interesting. If I had to withdraw 4% starting in 2000, 2001, 2002, 2007 or 2008 I would happily have given up the additional 1% CAGR generated by the 100% equity portfolio.

14
Shares / Re: STXIND vs DIVTRX
« on: December 23, 2015, 01:45:15 pm »
Regarding estate duty on US assets and using a US broker:

It appears that a cash balance in a US bank is not US situs, but a cash balance in a US brokerage is.

https://www.bogleheads.org/forum/viewtopic.php?t=150851

"The thing not to do is die after liquidating but before moving cash out of the broker. If you die before liquidating, and only hold non-US investments you are fine. At some point your heirs will have to liquidate and that means moving to a cash or sweep account, but at this point because you are already dead the US estate tax will be calculated on the non-liquidated stuff, which is by design non-US. If you die after liquidating and after moving cash from the broker to a bank (either US or non) you are also fine. It's just cash in a broker on date of death that causes issues."

15
Shares / Re: STXIND vs DIVTRX
« on: December 18, 2015, 02:01:06 pm »
Does it not become easier to hold your offshore shares in a trust rather than limiting yourself to non-us or Irish domiciled shares?



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