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Messages - jonb

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1
Shares / Re: Investment Strategies for Nomads
« on: July 04, 2018, 10:43:41 pm »
What an interesting topic ! Been following but been to tied up to comment! As Patrick said, looking forward to getting stuck in when things calm down . I have just done 10 years in EU an US , now back in Cape Town for awhile .. have equities in both EU an US, can offer my own findings here with looking for safe standard income equity  drivers in this space that have worked well in the past 10 years. Really interested in the tax outcomes Andre! I think a few of us are looking to do similar so very interesting to see how it rolls ... will keep posted to this thread


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2
Shares / Re: TFSA
« on: February 24, 2018, 12:56:57 pm »


[/quote]

Personally not keen on splitting it up. My view is to keep it simple (i.e. Platinum Wealth TFSA Basket :whistle:) and I don't think it gets simpler than a unit trust.

ABSA doesn't allow debit orders with auto invest functionality so you have to log into it every month. CoreShares, Sygnia etc. all allow it but... I dunno.

Unit trust please :D
[/quote]

The platinum basket looks good and EE debit is easy enough

Question on the baskets I have never got on EE, you pay the investment fee and then a basket fee every month right ?

What is TER overall ?

And again I am assuming it’s just for ease as one could buy those stock individually monthly but basket just for convenience right?



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3
Shares / Re: TFSA
« on: February 24, 2018, 11:41:34 am »


If I was to stick with ETFs I would move it to ABSA. If I was to move to unit trusts it would probably be Allan Gray or maybe Sygnia but I haven't thought it through yet.
[/quote]To add to this, Coronation's Balanced Plus fun doesn't look bad either. Only 20% odd offshore exposure so maybe worth supplementing it with a global fund.
[/quote]

@hamster , so this is actually the discussion I was after!  Originally I thought ETF easy peasy go a little local with prop trax and do a global world etf and sit tight .. but in 3/4 years it’s about flat!

The TFSA unit trusts from Coronation for example are lowish costs and blend some with a stable fund which in past consistently gives 8/9% and something balanced ... might be better off ? The uptick in SA once right now and stronger rand are all elements which could be managed where as ETFs just Take the pain

Maybe it’s better 50/50 ? Like a global world ETF and then a unit trust ?

Was asking you as I always remember having a similar view on TFSA allocation. Wanted to see if your thoughts had changed



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4
Shares / Re: TFSA
« on: February 23, 2018, 08:38:20 am »
I don't trust their platform. It feels like a very manual system with a "slick" UI ion top of it. Over the last three years I've had numerous issues like my total holdings not adding up, repeated incidents where extra charges are applied when buying ETFs and most recently they completely messed up a corporate action and wrongly credited accounts only to reverse it two months later.

It just feels like something is constantly going wrong. I'll keep my small share portfolio there but since the TFSA has grown to a sizable amount I'd like to move it.

Personal opinion. The developer in me is seeing red :p


I have had similar experiences and share your concern here, interested to hear where you would move the TFSA to ?


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5
Shares / TFSA
« on: February 20, 2018, 10:18:36 pm »
Is anyone else not feeling great about TFSA results on the ETF route?

I have the sygnia world ETF and prop trax 10
With a blend of STX ind  ... I have had full allocation since TFSA started

All in thirds

Apart from stxind it’s all been pretty weak especially since the rand has strengthened ( cons of an SA based offshore product! )

I wonder if anyone has had any experience with a managed lowish cost fund under TFSA that they the happy with ?




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6
Shares / Re: Offshore property investment?
« on: December 31, 2017, 11:09:38 am »
I have had experience with property in The Netherlands

Cant help with the mortgage side as I was living there at the time and got funding from my bank as a resident

However depending where you looking, advisable to see if any restriction or penalty on foreigner purchasing buy to let (the Netherlands wasn't so keen on this although a bit of a grey area ) we used a short-term/Airbnb management service which was a bit easier however at 18% management fee and again very much grey area of Dutch law, some flags raised here.

In my experience tenants have not been so straightforward. Unless you have someone on that side ( Friend, family, agent ) it's near impossible to manage from this side.

Also, have a handyman ready. There are always things needing attention when tenants are in play and this is an extra cost

I ended up exiting as it took a lot of time and energy. Hard also to be close to the politics and economics of another country with regard to rates and general property stability so a little risk there when it comes to market conditions.

For me, I just prefer to take all that energy and resource and invest in an offshore vehicle ( could be a global property ETF ) which gives you similar exposure without ALL the stress

Totally depends on what you need out of this, could be more than just investments so not sure!

7
Shares / Re: CRYPTO JOURNEY
« on: December 28, 2017, 03:32:08 pm »
OK

So I have stood on the sidelines for a few years and as you would imagine in hindsight would want to kick myself. Every single Crypto success story has normally sent that warning bell ringing " If its to good to be true it normally is" I, however, am starting to think that we are in the midst of a financial revolution here and would like to slowly become part of this.

So step one:

Account opened on Luno

Account opened with Bitstamp

Account opened on Poloniex


Plan now is to get some Bitcoin on Lumo and shift some to Bitstamp for a split on the top Coins and then use Poloniex for some of the smaller Altcoins

Linked up with some pretty serious groups online for signal purposes and keen to just give it a bash

Sure a number of you all on here are already deeply involved or at the very least curious.

Is anybody keen to get a group going here to start the journey?

jonb what made you opt for Bitstamp and Poloniex to trade on?


I have some close friends who have been on this for the past 5 years, this was there advice . Bitstamp for the major ones and Poloniex for the Alts

Was actually advised to have openings accounts on a whole lot more with reasoning behind each which I will publish here soon as I get a minute.

I have been charting BTC all morning and looks in my humble opinion to be heading into bearish territory, if so will Take that as an in

Happy thanksgiving keep the thread going here!


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8
Shares / Re: CRYPTO JOURNEY
« on: December 27, 2017, 12:13:15 am »
@Thor / @PlatinumWealth ^

What is Discord? Signed up for so many exchanges and signal groups, not sure I can do one more!

9
Shares / CRYPTO JOURNEY
« on: December 26, 2017, 09:14:24 pm »
OK

So I have stood on the sidelines for a few years and as you would imagine in hindsight would want to kick myself. Every single Crypto success story has normally sent that warning bell ringing " If its to good to be true it normally is" I, however, am starting to think that we are in the midst of a financial revolution here and would like to slowly become part of this.

So step one:

Account opened on Luno

Account opened with Bitstamp

Account opened on Poloniex


Plan now is to get some Bitcoin on Lumo and shift some to Bitstamp for a split on the top Coins and then use Poloniex for some of the smaller Altcoins

Linked up with some pretty serious groups online for signal purposes and keen to just give it a bash

Sure a number of you all on here are already deeply involved or at the very least curious.

Is anybody keen to get a group going here to start the journey?


10
Shares / Re: US shares - for those with EE accounts
« on: July 09, 2017, 12:02:42 pm »
Will be very interested to see how dividends are treated. But must say, looking interesting. Always wanted to own VISA - but lot's of really interesting companies there, others for me would me AMD and Nvidia - but looks like lot's of hours of research in front of me - excellent.

So would be interested to know - what you looking at. And what percentage of SA shares will you be selling to buy US shares? I am thinking 1/4 - 1/3

I went about 90% US vs 10% SA about 5 years ago as I was living in the US/EU at the time

Since recently living back in SA again I have started to ( slowly & cautiously ) grow SA portfolio again as I see what companies are doing here in very few cases and believe in it for future, Overall though... if I compare my own single stock selection's growth of US portfolio vs SA over the past 5 years ( very importantly not including any growth of rand dollar decline as I am based in dollars ) the best I can say is my SA portfolio, while had a few wins overall performed like a spluttering VW Beetle!!!!! on the other hand the US portfolio ( very strongly focused on tech and healthcare stocks ) roared like a Ferrari!!

In saying that, it pays to be aware of the strong run the US has been on , Tech is at extremely high multiples, caution advised ... however well worth the research @Mr_Dividend! 

I have had some amazing growth stories over this time with both Visa & NVIDIA being some of them :TU:


11
Shares / Re: US shares - for those with EE accounts
« on: June 18, 2017, 11:28:12 am »
Bloody hell! 40%?!
I wish people would give proper information rather than just spout a single rubbish number.

Here's the real story:
In the US the first $60k is estate tax free, for the rest the tax rates start at 18% for the first $10k, but to get to the 40% bracket you have to have over a $1mil. There is also a potential loophole if you use a trust: https://www2.deloitte.com/content/dam/Deloitte/us/Documents/Tax/us-tax-us-estate-and-gift-tax-rules-for-resident-and-nonresident-aliens.pdf

In the UK you're far better off. The first £325 000 is tax free, plus if you transfer to your spouse there's no tax. Then if she leaves it to the kids they can get £650 000 tax free.

But wait there's a better way:
I have an Interactive Brokers account in the US which means nothing. I buy an ETF (VWRD) that's listed on the London Stock exchange which also means nothing. The ETF is domiciled in Ireland, now that means something as the following clipping from virtually any irish domiciled fund prospectus:
Quote
However, any gift or inheritance of Shares will be exempt from Irish gift or inheritance tax once:
1. the Shares are comprised in the gift or inheritance both at the date of the gift or inheritance and at the ‘valuation date’ (as defined for Irish capital acquisitions tax purposes);
2. the person from whom the gift or inheritance is taken is neither domiciled nor ordinarily resident in Ireland at the date of the disposition; and
3. the person taking the gift or inheritance is neither domiciled nor ordinarily resident in Ireland at the date of the gift or inheritance.
So if you don't live in Ireland or leave the shares to someone living in Ireland there is no inheritance tax.

Still not convinced. If you're not holding individual shares but ETFs there's more proof from Irish revenue:
Quote
Units in any collective investment undertaking located in the International Financial Services Centre or in the Shannon Customs-Free Airport Zone are exempt from Capital Acquisitions Tax. The exemption also applies to units in Investment Undertakings which qualify for the new collective funds regime introduced by Section 58, Finance Act 2000.
In Ireland they call those funds UCITS funds. What's the full name for VWRD? Yes it's the Vanguard FTSE All-World UCITS ETF. No estate duty. Ireland has done an outstanding job positioning themselves as a destination to invest in.

I normally like justonelap, but that post is dangerous as it would discourage people from taking money offshore, meaning they would have to pay far more CGT one day than if they took their money offshore.

Once again! excellent information!!!!

 :TU:

My portfolio is held in a Netherlands Bank which I am still active on travelling out there a few times a year and having lived there several years

Do you think its needed to do anything to safeguard against this?

12
Local or foreign?

It's pretty hard to beat easy equities on ease of use and fees locally. For foreign, the cheapest is de giro. No minimum, no monthly fees, but you need a US or EU bank account.

Patrick, Quick one!

I have a Netherlands account open which I use to administer a pretty much US-based investment portfolio

I have this as I lived there several years  ( now back in SA )

Looking at De Giro , definitely look like the best fee structure vs a bank

To sign up though they were asking for EU or UK address ? are there ways around that?




13
Shares / Re: TOP TEN MUST HAVE STOCKS IN CURRENT ECONOMIC ENVIRONMENT
« on: June 08, 2017, 04:22:34 pm »
Thanks GCR

So by looking at that you feel the depression in SA retail and the perceived weakness in the SA consumer will be overcome essentially ?

Cashbuild, Truworths, Mr P ... all reliant on a strong and growing middle class

Im definitely a glass half full type but still wary of business that is not offshore diversified  :)

Quick one on Clicks though.... Clicks vs. slightly lower PE dischem  .... or perhaps both ?


14
Shares / TOP TEN MUST HAVE STOCKS IN CURRENT ECONOMIC ENVIRONMENT
« on: June 08, 2017, 02:35:59 pm »
HI guys

I moved 90% of my portfolio offshore some years back while residing in the EU. Coming back to SA recently & having an income paid in ZAR I have decided to once again build a portfolio of SA stocks

I do have a TFSA and consider that in a different field and slow burner with just DBXWD and STXIND going since the start

Just wanted to get some feedback from the form of thoughts on strong robust companies one should investigate adding to a rescission proof / politics proof portfolio!

Some of the names in consideration at the moment

BTI
ADI
WHL
NPN
BID
FBR
COH
CPI

Would be great to hear opinions of companies that for long term will continue to motor through the tricky SA economic environment!!

The other option is to keep shifting $$$ over to US and going direct that side, but am of the opinion that we have some real Gems here with strong management and potential


15
Shares / Re: CoreShares Investment Platform
« on: May 30, 2017, 09:54:33 pm »
Also had a look at this last week

interesting

I have a question though which I would love user opinions

While I keep the majority of my portfolio in a EU based account, i did keep a TFSA and smaller equities account on the Easy Equities platform ( been with them from the start )

Remember debating whether to convert to ABSA some months back and deciding to stick to it as there was nit much difference ( apart from UX )

I recently heard chatter that EE was possibly in a spot of trouble .... ? are partial investments safe on the platform ( EE hold the risk on this right? fractional ownership ) and would anyone who knows more of this perhaps advise moving to ABSA or in fact the simple CS new platform ?

There's a podcast somewhere (think it was the Money Show with Warren Ingram) where it was said that EE has allocated a budget for three years with which they could subsidise costs (like STRATE) to make the platform attractive and build a user base. Now those three years are just about up so we'll have to wait and see.

Moved my ETFs to ABSA a while ago and only my TFSA remains with EE. Once we can move TFSAs though I'm outta there. There is a MyBroadband thread regarding it, but basically I had to ask them to recalculate the amount of shares owed by me because what I tallied from the trade statements and what was shown to me was different. The problem just magically fixed itself. So from my personal experience and point of view - I do not trust their platform.

I also do not trust CoreShare's technical abilities. Their platform has been running for a while but the STRATE issue wasn't picked up until I queried them last week. Magically fixed also :p

You get what you pay for it seems and once EasyEquities stops subsidising STRATE fees ABSA will be the clear winner on all fronts and not just features.

Hamster, I went through the hell that is ABSA Fica and now have this open, Going to transfer portfolio from EE to ABSA, will then wait till we able to transfer TFSA, any idea when that is?


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