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Showing content with the highest reputation since 08/04/2020 in Posts

  1. 1 point
    Thanks for this @SlimArchi Sorry if this is a bit of a thread necro. Is there anybody out there that could explain the figures for tax liability with a practical example of say the following scenario in a tax year: I earn ZAR 1 million from my normal salary. (Number chosen just for ease of calculation, I wish I made that Further, I earn ZAR 800k from US domiciled etf dividends (from let's say SPYD,VOO,SPHD,etc) and another 200k from REITs, (thus together totaling another ZAR 1 million). (From what I understand and have seen, because the US has a tax treaty with SA, withholding tax is calculated at 15% by the US broker and withheld from the dividend payout to your brokerage account) Thanks
  2. 1 point
    Agreed. SYG4IR invests in companies like Tesla, that has never had a profitable year and constantly loses money, but is growing at an amazing rate due to massive investment in the company. It may be true that it is not sound to invest in companies that are making a loss, but the growth potential here is phenomenal, and if Tesla becomes profitable one day, it may become the world's No. 1 company. I guess as long as this type of ETF doesn't make up the bulk of one's portfolio, or unless you have discretionary funds that you are willing to expose to some risk, it's definitely worth having some, in my opinion.
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