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Author Topic: investor challenge  (Read 336908 times)

tgg78703

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Re: investor challenge
« Reply #90 on: June 21, 2013, 05:50:20 pm »
Is a time like this that the rules of the game work against it. If i was an investment manager , I would have sold everything last week. But cannot do that in the game, so massive loss this week.

On my personal jse portfolio, I cashed in last week and now have my profits booked. Will sit on the sideline till things normalise.

But that is how you learn the game ;D
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gcr

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Re: investor challenge
« Reply #91 on: June 24, 2013, 09:55:53 am »
Quote from: Patrick on June 21, 2013, 08:54:12 pm
Quote from: Orca on June 21, 2013, 06:17:33 pm
Now you pay tax on your gains as a Trader. Every cent that you gained will be added to any other income you have and be taxed accordingly.

This is the only thing that kept me from offloading all my shares last week. Are you already classed as a trader tgg or have you held your shares for long enough not to be seen as a trader?

As for the contest, next year you'd be able to decide whether you're a trader or investor.
Patrick - if you are going to profile people as traders next year then you should apply tax criteria to those who wish to be treated as a trader. Also once you are treated as a trader you can't be treated as an investor at the drop of a hat - this principle applies when dealing with SARS as they want proof that you are no longer to be categorised as a trader
However to ensure that the competition doesn't become stale maybe allow full/partial sale of part of ones portfolio (arbitrarily 40%) after holding the stock for 12 months, or if this is too difficult then set a window (say 2 weeks) when investors can sell a portion of their portfolio. Another alternative is to run 2 competitions one for investors and another for traders and people if they want can choose either/or or both   
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Patrick

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Re: investor challenge
« Reply #92 on: June 24, 2013, 10:20:07 am »
Quote from: gcr on June 24, 2013, 09:55:53 am
Patrick - if you are going to profile people as traders next year then you should apply tax criteria to those who wish to be treated as a trader. Also once you are treated as a trader you can't be treated as an investor at the drop of a hat - this principle applies when dealing with SARS as they want proof that you are no longer to be categorised as a trader
However to ensure that the competition doesn't become stale maybe allow full/partial sale of part of ones portfolio (arbitrarily 40%) after holding the stock for 12 months, or if this is too difficult then set a window (say 2 weeks) when investors can sell a portion of their portfolio. Another alternative is to run 2 competitions one for investors and another for traders and people if they want can choose either/or or both   

Still a long way to go before next year, but at the moment the thoughts are to have one competition, everyone can sell shares at a loss. If you want to sell shares at a profit you need to change your profile to a trader profile. This will affect which leaderboard you fall onto. There will be one for traders, and another for investors. Perhaps I could do a combined one where the profits of traders are penalised by a percentage to simulate tax. All thoughts for now.

Note that you won't be able to hold a stock for over 12 months, as all holdings will be zeroed again next year. Everyone deserves a second chance right :)
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Orca

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Re: investor challenge
« Reply #93 on: June 28, 2013, 07:06:46 pm »
Oops. I just let one off there. Close your nose Patrick  :LHST:
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gcr

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Re: investor challenge
« Reply #94 on: July 01, 2013, 10:03:21 am »
Patrick - I just noticed that when I added to my Ellies Holdings (ELI) it did not pull the counter name through yet others that I added to do reflect the name

On another matter I notice that you show dividends earned based on holdings in various counters - can you (for next year) keep reflecting dividends earned but also "pay" these dividends into the "trading account" so that we can reinvest these dividends. I think you will find that the dividends could add up to quite a significant figure at the end of the day - just a thought
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Patrick

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Re: investor challenge
« Reply #95 on: July 01, 2013, 10:12:32 am »
I take it you're grahamcr in the comp. In your public profile I see the counter name for ellies, could you post a screenshot showing your view.: http://www.investorchallenge.co.za/com_holdings_public.php?user_id=54

I do add the dividends to the trading account, so you can spend them as you would your regular deposits  :)
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gcr

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Re: investor challenge
« Reply #96 on: July 01, 2013, 11:09:09 am »
Quote from: Patrick on July 01, 2013, 10:12:32 am
I take it you're grahamcr in the comp. In your public profile I see the counter name for ellies, could you post a screenshot showing your view.: http://www.investorchallenge.co.za/com_holdings_public.php?user_id=54

I do add the dividends to the trading account, so you can spend them as you would your regular deposits  :)

Yup grahamcr
I can't seem to save a copy of the screen - maybe because that's because I am no techno wizard
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Patrick

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Re: investor challenge
« Reply #97 on: July 01, 2013, 11:13:12 am »
Press the print screen button. If you're on a laptop you might need to hold the fn key while doing that, then open paint or even ms word and press control V.

Unfortunately I made the security a little too tight, so even I can't login as you to take a look!
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gcr

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Re: investor challenge
« Reply #98 on: July 01, 2013, 01:21:22 pm »
Quote from: Patrick on July 01, 2013, 11:13:12 am
Press the print screen button. If you're on a laptop you might need to hold the fn key while doing that, then open paint or even ms word and press control V.

Unfortunately I made the security a little too tight, so even I can't login as you to take a look!
Seems that if I click on my name the first time it drops the name but if I click on leaderboard and my name again the name appears. will look at getting you a screen shot once I have played around with your guidelines - Ta
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Patrick

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Re: investor challenge
« Reply #99 on: July 01, 2013, 01:43:21 pm »
 Thanks for letting me know. That sucks on so many levels  :wall:
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Patrick

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Re: investor challenge
« Reply #100 on: July 01, 2013, 03:20:33 pm »
Thanks Bundu, I'll correct it on the next email.

Orca your prediction about CML not going higher seems to have been off. Consequently, other than one share wonders and the penny share fakers, you're currently the accepted leader...
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Orca

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Re: investor challenge
« Reply #101 on: July 01, 2013, 06:14:20 pm »
Quote from: Patrick on July 01, 2013, 03:20:33 pm
Thanks Bundu, I'll correct it on the next email.

Orca your prediction about CML not going higher seems to have been off. Consequently, other than one share wonders and the penny share fakers, you're currently the accepted leader...

Don't talk too soon Patrick. CML does on occasion go too high above the sma but she is scared of heights and will retract back. The higher she goes, the longer the fall. This is one stock that respects the 20SMA and hopefully, as she normally does, she will bounce off it.
ATM she is pushing the BB up higher than the SMA can follow and this is not good.
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Bundu

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Re: Tax
« Reply #102 on: July 01, 2013, 07:11:40 pm »
Quote from: Patrick on July 01, 2013, 07:08:44 pm
I got the same email, how about we move tax to it's own thread.

good idea  :)
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« Last Edit: Tomorrow at 06:13:55 PM by Bundu »

Patrick

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Re: investor challenge
« Reply #103 on: July 01, 2013, 07:13:14 pm »
Quote from: Bundu on July 01, 2013, 07:11:40 pm
Quote from: Patrick on July 01, 2013, 07:08:44 pm
I got the same email, how about we move tax to it's own thread.

good idea  :)

Tax thread here: http://www.shareforum.co.za/shares/tax/
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Shi

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Re: investor challenge
« Reply #104 on: July 02, 2013, 10:24:22 am »
Quote from: Patrick on July 01, 2013, 03:20:33 pm
Orca your prediction about CML not going higher seems to have been off. Consequently, other than one share wonders and the penny share fakers, you're currently the accepted leader...

Agreed   :TU:

Surprising that there are so many "one share wonders" in the competition.
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