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can anyone 100% conform that ? Im with Patrick on the fact that the fractal ownership will make up for that
I made some decisions on the beginning of 2016 to go into 10-12 shares off the EE platform
It has not been great and I am learning that picking shares is something at least for myself I am probably going to steer clear of ( in SA at least )
I already have a separate TFSA in which I have DBXWD and BBET40/STXIND ( don't ask me why i split those! )
I have fully subscribed to the TFSA so for extra I am thinking of just going long term into one or a few ETFs and trying to forget about it!
Does anyone have any views on the below?
DIVTRX
NewFunds Momentum Equity ETF
STRX RESI
BBET40 ( or the new name its just changed into )
Looking for something that is well spread and covers a sector that is relatively set to perform at eats over the next few months
Wishful thinking ?
I think you need clarity on the tax issue. As it is not your primary property, sars will see it as an investment and you will pay CGT on the amount higher than R30k.
The R2m odd exclusion will only apply to your primary home if you live in it.
Tough call, you should run some numbers. Selling will make you liable for capital gains tax. You're not a resident, so it will need to be a very big profit before it takes effect though. But then you need to look into the investment returns. If you move the money out of SA for investing, it'll cost you about 1% in fees. Then you'll also have to pay dividends tax on the returns. I believe the global average for stock market investments is 6% over inflation, does that make it worthwhile for you compared to the airBNB returns after tax? airBNB will be a little more work, but if you have a reliable person in SA to manage it then it won't be too much. Your location is probably prime for it.
AirBNB are fantastic to deal with. My wife airBNBs our place. 3 days of bookings pays for the levy, rates, taxes, water and electricity. If we get 10 days bookings it pays for all the above and the bond too.
We've had a couple of issues to deal with, I'd say 1 in 5 guests do something we don't like, and 1 in 10 are horrible. In all cases though airBNB has gone totally above our expectations in resolving issues for us.
We also stay in airBNB places when we travel, and once arrived to a dump, complained the next day and they refunded us in full and helped us book another place. Even though the next place was more expensive, they paid in the difference. Such a pleasure working with them!
not wanting your neighbors to see the total amount!
