Author Topic: Offshore broke4s  (Read 12087 times)

gcr

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Re: Offshore broke4s
« Reply #45 on: January 23, 2020, 12:48:22 pm »

Yozzi - thanks for the response - will also pursue this avenue. However some of the responses I have received seem to think that I want to trade in currencies and CFD's - this is not my intention at all, I want to buy shares in e.g. Royal Bank od Scotland, Ralph Lauren Clothing, RCI Hospitality etc.. So what I'm really looking for is an account from which I can fund my broking purchases initially and then having a portfolio account with a broker (as per my RSA set up) and that I can buy/sell over their platform augment and or change my portfolio as required

Hope this clarifies where I want to be and how I want to operate

Hi GCR. I really think we can assist you. I sent you a personal message.
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Hi IndustryGuy - will contact you via landline to set up an appointment to discuss face to face
Thanks for message
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jaDEB

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Re: Offshore broke4s
« Reply #46 on: January 23, 2020, 12:54:37 pm »
Interesting, I have SASFIN account with local shares , and also use SASFIN to buy offshore, which is DMA.  :whistle:
jaDEB - when you sell your foreign shares where do the proceeds default to - 1) a Rand denominated account in SA 0r 2) a foreign currency account in your name in the foreign country or 3) a SASFIN account styled in your name in the foreign currency of the shares sold.

Be interested in hearing your answers
Thanks

If I sell it is in USD and stays in dollar account - DMA.
jaDEB

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