Author Topic: Can you actually beat the market?  (Read 14756 times)

tgg78703

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Re: Can you actually beat the market?
« Reply #15 on: July 09, 2013, 07:53:25 pm »
I was only joking with you if you are referring to my comment by any chance. nothing serious meant. I also sometimes see you posting on sharenet if Im correct.

I have sort of split my portfolio in 2, half in really good long term stable shares with share values that backup their value and my investment  would grow over time  but have short term flucutations that i accept.

The other half of my portfolio I play around with , but only with the good stuff, i.e. bil will climb and hit a high I will sell and buy something else that has dropped or either just sit and wait a bit and buy the same share back . I bought and sold bil for many years now, last sell was at R300 odd after having bought at R265.

So I could consider buying them again , but have instead bought something else that is a bit more oversold.

But I cant actualy state that i beat the market as i don,t keep those stats , But what I can say is that the value of shares are the same as the start of this year and I have bought myself a shitload of toys with the profits made


Orca

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Re: Can you actually beat the market?
« Reply #16 on: July 10, 2013, 09:16:30 am »
tgg. I hope you adding your gains to your income for tax.
I started here with nothing and still have most of it left.

jaDEB

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Re: Can you actually beat the market?
« Reply #17 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.
jaDEB

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gcr

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Re: Can you actually beat the market?
« Reply #18 on: July 10, 2013, 09:44:08 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
Not everything that counts, can be counted, and, not everything that can be counted counts - Albert Einstein

Moneypenny

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Re: Can you actually beat the market?
« Reply #19 on: July 10, 2013, 09:53:04 am »
but were there losses on other shares in the same time?

Losses were for mediocre shares with small exposure like AET, WEZ, JBL, IPS, ATL (prev another name, can't remember now) and one coal producer that was 'hot' at the time.  Also got in again later with UUU (biggest loss 50%), I left SOL by the roadside cause of non-performance, at least too slow for me and TKG, but got VOD shares as consolation.

Orca

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Re: Can you actually beat the market?
« Reply #20 on: July 10, 2013, 10:12:34 am »
Not quite correct. Will reply in the Tax Thread.
I started here with nothing and still have most of it left.

jaDEB

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Re: Can you actually beat the market?
« Reply #21 on: July 10, 2013, 10:46:08 am »
Do not worry about the tax, let's first make money, talk to CML and get it to get away from this frikkin R66,60 level. It is bad luck  :wall:
jaDEB

If it scares you, it's a sign you need to do it