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Messages - jonb

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106
Shares / Re: Today's Outlook
« on: August 31, 2015, 10:35:13 am »
good piece of writing and just what I needed to hear. I guess if you need some of the money soonish just make sure that's in cash? Thanks and apprecited

107
Shares / Re: Today's Outlook
« on: August 31, 2015, 10:16:13 am »
Guys, Simple question here. I know this week is going to be tough... also so much talk about markets crashing :wtf: ... I have money with Coronation industrial fund and balanced plus.. ( also in VOO ) should I move everything to cash to avoid loss? or is it more of a be greedy when everyone is fearful play ?

108
Shares / Re: What would you do if you were exempt from tax?
« on: June 13, 2015, 10:46:58 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

Hi GCR

I do not live in SA, currently in Netherlands as a citizen here and dual citizenship with UK and SA

My tax number is kept up to date with account back in SA who supplies a out of country form every tax year so all good hear

What i was originally asking was:

Being over here , does it make sense continuing with Funds in SA or rather pulling out 100% and testing the waters in investment over here which from what I can gather is a much larger footprint!

I just am more versed in SA business and to be honest the companies like coronation etc.. are way more geared towards individual investors than business over here

109
Shares / Re: What would you do if you were exempt from tax?
« on: June 13, 2015, 10:42:08 pm »
As jon will be transferring R300K, he does not need a tax clearance nor does he need to have an active tax account.

really? it seems with FNB I would need the tax clearance and a ton of forms

Are you sure about this ? If so will put some pressure on them!

110
Shares / Re: What would you do if you were exempt from tax?
« on: June 13, 2015, 10:38:50 pm »
hey Orca , yeah ... wasn't aware I had to do anything with my bank to let them know i was living abroad! My Tax details are kept up to date with a Nill out of country placed every year.

I asked FNB to do it and they gave me a ton of forms,  needed a tax clearance which I am getting now from my accounts person

Having said that, Here in the Netherlands as I am on a 30% tax ruling ( expat type tax plan ) i will not pay any tax on investments here. Comparing options here VS coronation where I am at currently in SA .... Coronation fared better over the past 5 years in balanced plus + industrial . Thing is ,worried about rand devaluation! and if i am here why not venture out into the world economy rather than playing in the 1%??? or is this possibly safer than world markets

local funds have taken a knock recently but the brains behind them are world class and track record is awesome!

My Dilemma = how to best get funds out of SA NO:1 and then how much should I take out of SA as I am now a Netherlands resident

some people advise .. everything while my heart says leave some in SA

111
Shares / Re: What would you do if you were exempt from tax?
« on: June 12, 2015, 01:54:18 pm »
Thanks Patrick!

 looking at shifting about 300K ?

Just asked FNB who I have an account with and this ended in a pile of paperwork!  there has to be an easier way!

how does the paypal system work, I have an account here but can i set one up in SA?

I want to use this to create a portfolio on this side  :TU: :question:


112
Shares / Re: What would you do if you were exempt from tax?
« on: June 12, 2015, 11:23:46 am »
QUICK ONE AGAIN ON THIS ... WHAT IS THE EASIEST WAY TO GET FUNDS OUT OF SA? JUST TRIED AND ITS NO EASY FEAT!!

113
Shares / Re: What would you do if you were exempt from tax?
« on: June 11, 2015, 05:03:00 pm »
I find myself in the exact same position. Except in The Netherlands. I have 90% of my investments in SA as like you I am more familiar with this market  and have had more success here. I took 10% off at the beginning of this year to experiment here in Europe on a Blackrock euro index tracker also a few other singular funds + the S&P

All of these have been really weak. and get the feeling I am missing out by not really understand the massive world of investment over here.

Any suggestions... would continue with SA but currency weakness plus a number of other issues make me want to move out

Appreciate any feedback!

114
Off topic / Re: Live chat
« on: June 04, 2015, 11:54:04 am »
good feedback! yes, I meant the recent performance on JSE. Its hard not to tie the current shitbag of stuff going down politically to weaker performance . So to get it straight... good solid companies that are deriving most earnings in an overseas of African market are still considered good bets? Think i need to re-align a little!

115
Off topic / Re: Live chat
« on: June 04, 2015, 10:18:55 am »
I know markets go up and down but JSE lately! last 2 weeks have been heart attack material. I am not based in SA. Is it worth it keeping it going over there? possibly better to sit in EU or U :wall:S instead. Any good reasons to stay in ZA? appreciate any feedback

116
Shares / Re: Investment pointers 2015
« on: January 22, 2015, 06:56:25 pm »
Thanks for that, the equinox site is really interesting

I see there are a number of funds especially on Coronation which have fared well over the past 3 years including 2014

I know this is no indication of how its going to play out 2015 and forward
'
But doesn't it make sense to take out of one balanced fund and do a mix like industrial / financial and some more safer option like balanced and strategic income

This would give a better outcome right ?? I think brings me back to the original question

is it better to have one fund ( example AG balanced fund  )

Or split it over some funds in an investments house such as coronation who has different option to really tier your portfolio ?

I think that was my main query... as for the tax info you have given me , that is just a bonus to learn.. so thank you!

117
Shares / Re: Investment pointers 2015
« on: January 22, 2015, 06:25:50 pm »
Hi Patrick, Thanks for that... re: Fees yes I am just learning that now! It really is not clear to be honest!

DO you have a link for that article ? tried to Google it with no luck

If I sell Then I still have to declare to SARS right ? I still do a tax return yearly even though not living in SA

118
Shares / Re: Investment pointers 2015
« on: January 22, 2015, 05:31:46 pm »
awesome, will play around on equinox site. thanks for the tip!

I have been in their Netherlands for 2 years now. I hold dual citizenship for SA and UK/EU

So is growing the investment in SA and then pulling across here an option ?

Are you in Portugal ? Nice if so .. best place in Europe in my opinion!

119
Shares / Re: Investment pointers 2015
« on: January 22, 2015, 04:54:16 pm »
HI Orca

Thanks for the info, makes a lot of sense. Had no idea about PSG being 0.9 vs 1.5. yes I am direct with AG.

My question i guess was is it worth pulling out of the investment now to get a better rate or is it correct in thinking as nakedpeanut ( :LHST:) above suggests you would lose by selling out and buying in again on a different fund

Or am i to believe its easy to change investments providers ( example AG to PSG ) without to much issue ( you would pay capital gains right ? )

And yeah, Coronation IND fund and others perform higher pretty regular... in someone who knows markets .. the returns a balanced fund such as AG has been giving me ... is there better out there in a stable package ?

Last question! AG BF did 7.6 last year ... excluding fees .. are you sure ? so in reality it was like 6%? I could have been in Capitec or a bond for 7.25 for the year

120
Shares / Re: Investment pointers 2015
« on: January 22, 2015, 04:17:59 pm »
Really appreciate that feedback  :TU:

Get both points, expect don't really understand the capital gain tax point. How can you avoid this by holding out longer ? i will pay this whenever i sell out right ?

Is it worth diversifying within a investment house ( for example splitting investments between a few funds ) rather than holding in one balanced product?

Or is balanced spread enough?

Thanks again, this is great getting some feedback!

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