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  1. 3 points
    Good day all, Our questions 1) If we need R50k a month to survive when we retire how much do we need to have invested in total ? 2) If the South African government implemented prescribed investments would it affect any investments which are not RA's ? Any input would be greatly appreciated. Have a great weekend all. Sideways
  2. 3 points
    While there is certainly merit to the argument that on average, in the long run, passive investments perform at least as well as, if not better, than actively managed investments, the funds in which Momentum has invested your money (ie. Allan Gray, Coronation, Investec etc) have had phenomenal performance since their inception, and they are certainly not just your average actively managed funds. These funds are among the best South Africa has to offer with returns beating the benchmark year after year. Also remember that offshore has its (important) cons as well as its merits. While offshore investments may serve as a Rand hedge, they simply cannot keep up with our inflation. Even with the annual average 4% drop in the Rand, the 2-4% growth typical of global growth, even when combined with Rand depreciation, does not usually beat South Africa's 6.5 - 8% inflation. South African markets do tend to perform a few percent higher than inflation though, and I'm pretty sure that if you look at your Momentum fund returns, you're probably close to 11% annual return over the past 10 years after the 2% costs have been deducted, even though the market has been flat. In every/any chosen period longer than 10 years (10-years, 15 years etc) South African investments have beaten the offshore average, even when compounded with Rand depreciation. I'm wary of moving too much money offshore. Consensus at the moment is that 30-40% of your money offshore presents the optimal risk to reward ratio. Also bear in mind that 30 -35% of your Momentum fund is already invested offshore. If it were me, I'd keep the bulk of the money with Momentum. Especially since you're 55, the actively managed approach, which switches between bonds, stocks and cash as the market fluctuates, decreases your risk significantly. The good thing about managed funds is that they limit the downside, while they may underperform passive investments slightly during strong bull markets. At 55, preserving your wealth is definitely more important than high-risk growth. So yes, I personally do believe that moving your Momentum investment to passive investments would be a mistake in your case. If it were me, I'd keep the R5.5M right where it is! (The extra R2M is only a quarter of your portfolio so it seems a reasonable amount to put in the higher risk passive funds as you have done.)
  3. 3 points
    Hi all. I had joined here in March of 2017, but don't think I ever did a proper introduction. I live in KZN on the North Coast for now. I started realizing the need to get into investing, diversifying and saving some capital instead of living pay check to pay check which dwindles before your eyes in our current economy. I started with Easy Equities in 2017, investing in some companies with a percentage of my salary I could afford to loose. Then trading and charts got the better of me and I started learning the ropes via online resources and trial and error, I feel fairly confident with technical analysis on charts now but do know that every day I learn something new and the markets are unpredictable to an extent, If you have some strick money managment rules in place (using consistent win/loss ratios with your stop losses and take profits) and have an edge in reading charts you can become profitable with patience. This lead me to forex and cryptocurrencies due to there massive percent movement in a short space of time. Have been doing a lot of day trading, swing trading and have had my fair share of gains and losses (rollercoaster indeed), have gained and still gaining invaluable experience. I am truly enjoying this field and wish for it to become my main source of income very soon. I am a "Gamer ish" and spend a lot of time at the computer so this fits my lifestyle perfectly. If I can share my experience and thoughts here with others who are looking at doing similar, that would make me happy. Cheers and good luck out there for now. Don't fomo, patience.
  4. 2 points
    Today marks 422 days approximately until the next bitcoin 'halving', where the amount of bitcoin that is able to be mined every day is cut in half forever. The approximate date will be 24 May 2020. After previous bitcoin booms and busts in the hype cycle the uptick in the price has started to show improvement around 500 days before the halving. We are past that point, so I am hoping that there will start to be a slow steady increase in price again like there has been before. Lets see if history will repeat itself once again. The Bitcoin block mining reward halves every 210,000 blocks, and this time the coin reward will decrease from 12.5 to 6.25 coins approximately every 10min in May 2020. Usually there are guys who anticipate the increased demand and the price increase that responds to the demand, who buy in advance so that they can sell when the real frenzy starts at a great profit. I would bet that if things go like they have gone in the past, people will buy up bitcoin leading up to the halving, and might even dump a bunch before the actual date, before other guys get a chance to do the same thing. Lets see how it all plays out... EDIT:
  5. 2 points
    Option 1: Takealot for around R1680 Option 2: From their site for R976 + customs/import (https://shop.ledger.com/products/ledger-nano-s) Free shipping from DHL (3 business days) Question: Does anyone know what the import costs will be payable on this? Read around that in SA it could be around 15% VAT and 10% Duty = +25% (total costs R1220) Are there other costs? If R1220 is the case it's a way better deal to buy direct plus you can choose your Nano S color (I want Transparent )
  6. 2 points
    I have ordered single units as replacements which came without having to pay extra duties. Buying bulk means you definitely have to pay the duties, and also the fee to the courier company to 'process' your order and delivery. I am out of stock of Ledger Nano S devices and most likely not ordering bulk again, unless I can make it worth while. Bulk orders are not priority to them, so they sometimes take months to arrive, while the price of bitcoin changes drastically during that time period, which means your profit can disappear completely. For the end user, its faster and cheaper to just order directly from Ledger now, especially since they added free shipping for small orders to South Africa, and you might not need to pay duties. Bulk orders you still need to pay for shipping, so that is additional cost for resellers too. The time, expenses, and possibility of losing money means its just better to refer customers to them directly.
  7. 2 points
    I own unit trusts only in the form of pension and RAs. RA - Allan Gray Balanced Fund Pension - 10X Kicked Stanlib to the curb but it had more to do with getting away from my financial advisors hold on it. Didn't understand their pricing at all. Very happy with what I have currently
  8. 2 points
  9. 2 points
    Just thought I would put this out there....I have a Telegram chat channel where we talk about bitcoin mostly, as well as other cryptocurrencies. If you want to ask a specific question, or would like to just chat casually about bitcoin / crypto with other people in South Africa, check it out. The channel is informal, and it is not a trading signals channel or anything really technical. Its mainly for casual chat about crypto. If you are on telegram, come and visit! https://t.me/bitcoinzarchat
  10. 2 points
    So regarding the new NewFunds Volatility Managed ETFs (I might be a bit late to the party): NFEDEF - Defensive http://etfcib.absa.co.za/products/Exchange Traded Funds/equity/VolatilityManagedDefensiveEquityETF/Pages/default.aspx NFEMOD - Moderate Equity http://etfcib.absa.co.za/products/Exchange Traded Funds/equity/VolatilityManagedModerateEquityETF/Pages/default.aspx NFEHGE - High Growth Equity http://etfcib.absa.co.za/products/Exchange Traded Funds/equity/VolatilityManagedHighGrowthEquityETF/Pages/default.aspx Sounds "cool" but looking at the annualised returns over 5 years (NFEDEF: 5.1%, NFEMOD: 6.8%, NFEHGE: 6.2%) I have to ask myself why I wouldn't play it save with a 32 day account at 6.95% or any of the various other guaranteed return vehicles offering better returns ?
  11. 2 points
    For a while now I've been asking the question: "What percentage of my TFIA ETFs should be in 'foreign' indices?" Some people will immediately say "Put everything in foreign indices - the Rand is going to collapse or South Africa is going to be downgraded to junk" etc. And yet, the experts will typically tell you to put only 30% to 40% in foreign ETFs and the rest in local indices. So I've done a ton of study to find out why and the results surprised me - so much so that I have now changed the desired weightings of my TFIA ETF portfolio to allocate a greater percentage to local ETFs. Here's the thing. On the one hand, the Rand depreciates on average by 4% per year against the Dollar, and has pretty much done so since the time of Adam and Eve. Therefore, by buying ETFs of foreign indices, you are 'guaranteed' a 4% gain on your investment due to the weakening Rand. Now, on the other hand, let's look at foreign growth and interest on bonds, for example, where a 3% above-inflation is considered a good investment. Let's take England as an example. With its inflation close to 0%, a 3% return on an English investment would be considered "good." So if you had invested in an "England ETF, you would, by way of illustration, get your 0% inflation plus 3% return plus your 4% due to Rand depreciation, a total return of 7%. However, locally, it is South Africa's high inflation that makes it ideal for investment, which at first may seem counter-intuitive. Interest-bearing investments such as bonds and preference shares may also typically return inflation plus 3% - so with our 6% inflation, that gives a total return of 9%. And the JSE does much better than just inflation plus 3%! The other countries (outside of emerging markets) just don't have our inflation and therefore don't have the growth that the JSE index does. This is also why emerging markets are expected to give higher returns than developed markets in the long term. Secondly, putting more than say 40% in foreign indices means you are no longer diversified in the sense that if the Rands strengthens significantly, your portfolio collapses (and historically, it is highly unlikely to average a drop of more than 4% per year). On the other hand, the JSE index is not affected by the Rand in the same way, so whether the Rand drops or climbs, you're still guaranteed your above inflation growth on your local index ETFs. So betting too much on foreign indices is, in essence, going for a higher risk, but with lower returns, the exact opposite of what we should be doing. Of the academic studies I've read, most put the optimal risk-to-reward ratio for investing at 60% local and 40% foreign ETFs, and often support this with models. But now I finally understand why my previous 50% : 50% local : foreign split was considered high risk.
  12. 2 points
    The JSE and Msci Emerging markets index are highly correlated and emerging market index outperformed local equities the last 5 years. I would change the local exposure to STXEMG only. Less risk for similar performance and no "if" the local market bounces back scenarios...
  13. 2 points
    In light of the above, I have changed my target TFIA ETF ratios to be 60% local and 40% foreign indices and my new target TFIA portfolio looks as follows: LOCAL (60%): Local equities: CTOP50: 10% DIVTRX: 10% NFEMOM: 10% STXQUA: 10% Local property: PTXTEN: 20% FOREIGN (40%): Foreign equities: ASHGEQ: 7.5% GLODIV: 7.5% STXEMG: 7.5% SYG4IR: 7.5% Foreign property: GLPROP: 10%
  14. 2 points
    Opened mine on the 19th of November and moved my R1,500 to a Goal Save account. Started at 6% interest and then moved to 7%. Waiting for the 19th of this month and then I should be on 9%. Not sure what happens when I deposit more money into that account (if the interest rate resets, carries on at 9% or if there is some other mechanism keeping track of deposits and their respective interest rates). Do I trust them with my money? Well... I guess. Not planning to put to large a percentage of my money there but 9-10% interest beats almost everything out there. It even makes you wonder if it is worth buying Solar panels via FedGroup
  15. 2 points
    I'll monitor the thread just in case you open a JHB North branch
  16. 2 points
    Weakening economic conditions, increased debt repayment burden, rising consumer inflation and stricter lending criteria have seen 100% bonds, especially to first-time buyers, become much harder to get, but it has also placed many potential buyers firmly between a rock and a hard place. “Not only do banks require bigger deposits than before, it has also become more difficult to put money aside in today’s economic climate, as growing financial pressure is forcing consumers to tighten belts even further just to make ends meet,” says JP van der Bergh, founder of Propscan. "However, a sizeable deposit has several significant benefits in addition to increasing your chance of bond approval - it also gives you a jumpstart on the financial process, makes your offer more appealing to sellers as it bumps up the chance of bond approval, naturally decreases your monthly bond repayments, and saves you a considerable amount in interest over the long term.” Kay Geldenhuys from ooba, national mortgage originator, illustrates how a deposit can reduce the overall and monthly costs of buying property: “A home buyer who purchases a house for R1 million with no deposit at a 10.25% interest rate will pay approximately R9 816 per month over 20 years. At the end of the home loan term, the total amount repaid will be R2 355 944. “On the other hand, with a R100 000 deposit, the monthly repayments will be approximately R8 835, and the total repayment will be around R2 120 350. Add the deposit to this and the total comes to R2 220 350 - making the total repayments some R135 594 cheaper than buying without a deposit.” She says it also stands to reason that the smaller the risk for the bank, the more negotiable they will be on the interest rate charged. “Right from the beginning of the home-buying process, it is important to ensure that you know what you can afford to buy and how much deposit you will need,” says Van der Bergh. “Once you have established how much you need to save, the next step is to figure out how to do so as quickly as possible, and in order to do so, you must analyse your spending habits. On a spreadsheet, list all your fixed monthly expenses including existing debts you are currently servicing and make a note of all other regular expenses like the daily cappuccino at the café near work. “Next, go through it with a fine-tooth comb to see where you can cut down on monthly expenditure and determine how much you can realistically afford to save, and then shop around for a high-interest savings or money market account in which to save your money.” Sandy Geffen, Executive Director of Lew Geffen Sotheby’s International Realty in South Africa, says saving a substantial amount of money may seem like a daunting task, but don’t be discouraged. “At first glance, the cutbacks you are able to make may seem to be small amounts, but you will be surprised at how quickly they can add up to a sizeable sum, and you could own your first home sooner than you think,” says Geffen. She offers the following creative tips for saving towards your deposit: 1. Stop smoking. This could add at least R1 000 a month to your deposit fund. 2. Instead of buying takeaways every day, rather spend the extra 10 minutes packing lunch in the morning as it will end up saving you more than pennies at the end of the day, and it’s far healthier. 3. Ask for an insurance re-evaluation because while your insurance premiums probably go up every year, the value of a lot of insured items actually goes down as they age. 4. Cut back on credit and try to pay off and close store cards, especially if you find temptation hard to resist. Remember that when you do eventually apply for a loan, the bank will ask for an income and expenditure statement to prove that you will have sufficient surplus income for the home loan instalment once all household and contractual debt expenses have been met. 5. Before you run out to buy a new seasonal wardrobe, spring clean your closet and unearth the older items of good quality that can be reinvented with accessories or by mixing and matching; 6. If you can’t remember what the inside of your gym looks like and can’t motivate yourself to go, cancel that gym contract and find ways to exercise for free. It might help you to start exercising more regularly, especially now that summer is here. 7. Consider scaling down on your car if a large portion of your monthly income is going towards paying off a car loan; 8. Always go grocery shopping with a list and stick to it - and never go on an empty stomach. Also try and stick to food stores and avoid the hypermarkets where you might be tempted to buy other things you don’t need. Geldenhuys cautions that this savings mindset should not be abandoned once the goal has been met. “Many people throw caution to the wind and shop around for a home that costs the maximum amount the bank has approved, however, given current economic conditions, buyers should rather consider buying for a little less,” says Geldenhuys. “The extra cash can be used to pay off the bond more quickly or saved as a rainy-day fund so that they are prepared for the unforeseen expenses which arise when you own property.” “It’s true that our parents had it much easier in that most were able to afford their first home long before the current average age of first-time buyers which has risen to 34, but what hasn’t changed is the investment value of owning a home,” says Van der Bergh. “It is also one of the most exciting and rewarding purchases you will ever make, so even though it may take a little longer, it’s always worth the effort.” Source: Property24
  17. 1 point
    Hi There, I'm Ahmed, Longtime mybb lurker, and about to sign a contract with one of the big 4 mobile networks in their graduate programme as a software engineer. Thought Id lurk on this forum too, and get my finances right from the start ; ) hopefully.. Hope I can learn and contribute meaningfully.
  18. 1 point
    So DHL called me and said I have to pay Extra costs were a total of R312. Total cost for Ledger Nano S = R1288. I'll take it. Cheers guys! Dan
  19. 1 point
    I only do CFDs for resources, because they're cyclic so long term doesn't make sense for me with resources. But I've had CFDs in Anglo American Platinum (AMS) for about 3-4 months now. Best return I've ever made on a trade!
  20. 1 point
    @SaurusDNA I read you guys' comments now about Motus, I like the idea I also think with the economy the way it is that more and more of these 'cheaper' brands will become the norm on SA roads. I was in Canal Walk last night and saw a brand new Hyundai i10 go for R2050 per month. I think most new university students who start working will be able to afford this. I decided to buy R3k worth of shares in Motus, now we probably need a dedicated thread
  21. 1 point
    We had a cat but found it a new home (a proper cat lady). He was bored, couldn't really go outside and tore birds apart in the home every other day. Wife's allergies didn't help either... but I kinda miss the guy Anyway, I've been wanting to get a small dog to double as an alarm but the thought of cleaning up the lawn, booking him into a kennel every time we go away for more than two days and the potential noise/complaints from neighbours in the estate just puts me off. Can get a "quiet" dog like an Italian Greyhound but... meh. So no pets for me. It silently kills me inside because I grew up in a house with many many dogs
  22. 1 point
    I've been tracking the amount of money I spend on my cats for the past 3 or so years now and thought it might make for a cool thread. Do any of you own pets? Do you budget for your pets? How much do you spend on your pet(s) in a month? We have 3 cats (Lilly, Meow Meow and Bubbles (Full name Hollywood Luxury Bubbles)) initially I fed them Hills and Royal Canin and mainly wet food, but that got terribly expensive really quick. I found what appears to be great dry food at Spar, it's their home brand called Pro Balance Cat Food. The Pro Balance (Spar depending) costs R77 for a 2KG bag compared to Hills Cat Food which is R229 for a 2Kg bag and there was a time I fed them Acana which was around R450 for a 1.8Kg bag. Then I would feed some meat whenever we braai so won't add that to the calculation. The cat litter we got a great deal on through the years. We use bentonite (none lethal type) which is clamping, but it's used in construction so it's cheap as in we pay roughly R130 for a 25Kg bag which lasts 2 months between the three cat litter boxes we have. If it was not for this I do not think I would have been able to afford cats considering the traditional cat litter costs around R170 for 3Kg and it and I will probably need 3 to 4 bags a month. What does a cat cost per month: Pro Balance Cat Food R77 per bag x 2.5 ( we normally use two, but have used 3 some months). Cat Litter Bentonite 25Kg bag R130 x 1 (we try to buy one each month to be safe because it's not available when it is the rainy season (no construction sites)). Pro-Balance Cat Food Pouches R7.49 x 6 (Wet food as a treat, normally buy each cat one every now and again). Total cost per month: R367.44 Total cost per cat per month: R122.48 Other cat expenses we had: Meow Meow had to be taken to the vet for an emergency which ended up costing R400. Bubbles and Meow Meow are neutered which was R550 each (R1100 total). Lily is still a kitten. but she will also be neutered and it will be R550 as well. We had a company design a custom cat jungle for them which cost us R7004 (but worth every penny, will post pictures). Cat litter boxes x 4 which were R50 each (R200 total). Cat poop scoopers x 2 which were R25 each (R50 total). Bought Lily for R100 when she was a puny little kitten (less than a month old). Cat carriers x 2 for R300 each (R600 total), great tip: go to Plastic World, the pet shops are overpriced. Drinkwell water fountain (they loved it) which was R674. Drinking bowls, stainless steel x 3 which were R80 each (R240 total). Cat leashes/harnesses to walk them with like in the movies x 2 at R80 a pop (R160 total). Total cat expenses: R11 078 Our cats' costs R4 409.28 per year which comes down to R1 469.76 per cat per year. This is just living costs, it excludes toys and travel and vet visits. I thought as a hypothetical I would like to see if I can afford to feed my cats the ideal nutritional diet that I would want which would consist of Hills or Royal Canin using the above portions it would mean that I need to spend R774 per month or R258 per cat. That is an increase of 71.23% in my spending which means I need to increase my monthly budget for the cats by R406.56 which is possible but will be cutting it very close. I mean if I invest the difference or put the difference in a Tymebank goalsave account at 10% I would have R31 745.17 after 5 years. Suddenly that Hills diet looks a lot more expensive. Now for the fun bits Bubbles (very christmassy) Meow Meow Lily
  23. 1 point
    Here's the official JSE index codes (although Google Finance uses different ones): All share is J203 and the Top40 is J200.
  24. 1 point
    I generally buy airtime through my banking app (it's full price), would like to get discounts somewhere.
  25. 1 point
    Some screenshots of google finance.
  26. 1 point
    I see Google finance had a rewamp and now functions as a mobile app. I only saw this now so I'll be playing with it a bit and add my actual stocks to you. Can be really useful to get a quick glance at your portfolio, watchlist and the market as whole. It has relevant news articles in a feed as well.
  27. 1 point
    Jumia to list on the NYSE, aiming to become Africa’s first tech unicorn. Active in 14 countries 4 million active users 81.000 active sellers 13.4m deliveries per year €130.6m revenue in 2018 €862m consolidated loss since inception Source: Techcrunch MTN owns a share of Jumia
  28. 1 point
    It's every investor's dream: to find a stock that doesn't just double your money – or even triple it – but increases your investment 10-fold. I decided to start this thread here, somewhere on the JSE is the next ten-bagger (+1000% return), let's try to identify it. What small cap JSE stock do you think will be the next Ten Bagger?
  29. 1 point
    This post is about 2 years old anyone have a current view on investing in a 3-5 year period?
  30. 1 point
    Do you have to get tax clearance first or did EE put a structure in place that takes that admin away ?
  31. 1 point
    They're the Hyundai and Kia guys now, and include these dealerships. From the Rentals point of view, they run Tempest and Europcar. Here's their official website: https://www.motuscorp.co.za/
  32. 1 point
    This image shows performance of Tongaat Hulett over a period of 1 week, 2 weeks, right up to 10 years. So the 1 week line shows the closing price 1 week ago, together with its move, total volume for the week and its high and low for the week. The 5 year line shows the closing price 5 years ago, the move between then and now, the total volume traded in the 5 years and the highest and lowest price during that 5 year period.
  33. 1 point
    Erm... not sure. Maybe about a year ago. Definitely last year some time.
  34. 1 point
    They keep posting on Twitter, but I have not seen a launch date yet. I am curious to see what Micheal and the rest ex FNB guys can come up with, TymeBank is really incredible and Capitec can adapt if they must. So is that 'unbanked' space big enough for another entrant? Bankzero will never compete in the FNB level, at least I doubt it and there Discovery Bank is going to make a dent. I am very excited about their launch and to see what they can offer and if they will enter the business banking space currently dominated by FNB.
  35. 1 point
    Good to be back! Finally managed to log in again, was having trouble for ages. When you rise fast, you drop fast too...who knows how low it will go, possibly even as low as $1000....all I know is that in time it will go back up again, and we will have new highs. My guess is that the next bear market will be when the price dumps down to the $20k mark. The next halving is getting closer, and I would expect that the price will range for a while longer before starting to pickup again running up to the halving event. Personally I just hold my main stash and dont bother trying to play the market much. The reason being that for me to cash in my main holdings on the way down, it would mean moving them to an exchange and selling, which opens up a can of worms. I expose myself in terms of how much bitcoin I have on that address and other addresses that have transacted with that address. Secondly, that can be seen as a taxable event, if I am 'cashing out', which I dont want to do right now, and thirdly, if I did cash out my main stash then I would now be sitting with a ton of cash on an exchange which I dont trust all that much. If I have to wait months to buy back in, I will be constantly worried that I have a lot of money on the exchange that is at risk. I prefer to keep my funds locked down as bitcoin, secured on my hardware wallet offline, where nobody knows that its mine. I am a reckless, but patient, and i'll wait it out a few more years before worrying about changing it back into government money. By that time, maybe I wont need to...who knows. I am still buying bitcoin....I do every month because its my long term savings plan. Now with the lower price, I just get a ton more than I was when it was closer to $20k. Win win in the long term.
  36. 1 point
    Looks like they are planning to add some additional services as well. The graphic below shows the services it currently offers. Services that will only be launched at a future date are highlighted in yellow.
  37. 1 point
    Hi All, Am new to this sight. I am Jhb based and was wondering if there are any Interactive Broker users out there who trade offshore, using the API? If so would like to touch base with a meet up and perhaps we could share Ideas. I am just using the Excel Interface (VBA and RTD). Had the account open for less than a month now so still getting my ducks in a row. My focus is ES futures options and Eurostox50 Index options. Busy building stuff in Excel (VBA) that interfaces with IB related to this. Cheers Brian
  38. 1 point
    Just to confirm, will we be getting an equal amount of multichoice shares as we had Naspers shares?
  39. 1 point
    Well, I got my 10 free Multichoice shares today (due to the unbundling of Multichoice from Naspers). Nice when shares just appear in your account out of the blue!
  40. 1 point
    + 24.99% ...that's all I have to say about it. That and I wish I was busy buying a house so I could push more money into it. On the flipside, it can't carry on like this forever.
  41. 1 point
    Ouch, Yeah I'm down 9.21% on Discovery at the moment. Might be worth it to take the knock then and rather put it towards my Top50 in my TFSA On the flip side, Sibanye has recovered quite nicely in the last 2 months, hope this trend keeps going.
  42. 1 point
    If we're going down the route of saying most of the JSE listing have offshore exposure then this whole topic is moot. Your RA and pension is 70% JSE. Your home is 100% RSA (unless you own property offshore, but then you're probably not reading this thread). For most that is the bulk of their wealth and we're not even mentioning any cash and other assets you have locally. Your TFSA being so small by comparison can just as well go 100% offshore. But to each their own: if you are renting and don't have an RA then this all changes.
  43. 1 point
    I have since made a few other enquiries. Here is my understanding: If the ETF/share you receive dividends from trades in a country that has a tax agreement with South Africa then you can claim a rebate with SARS. Using USA as an example: if you receive dividend income (as an individual RSA resident ) from a USA etf (VTI) bought through EE (or any broker) dollar account, VTI will withhold 15% of the dividend paid and when EE receives the dividends income from VTI (less 15%), they have to, buy RSA law, withhold 20% dividend income. I.e. you are effectively taxed twice. Sars allows you a tax rebate that in effect reduces your taxable income for your tax return. SARS has a bunch of rules/formulas around that which I haven't yet mastered - getting there. But believe me, SARS will make sure they get their share.....and then some.
  44. 1 point
    Please let me know if I am posting in the correct place - have any investors here considered long-term private investment? In particular, in the agricultural sector. I have a keen agribusiness client who is enthused about establishing an organic/free-range poultry farm with many years business/agricultural experience in SA. He is not keen on subsidies/ gov programmes at the moment but is piece by piece building up a thorough business proposal to woo a private investor. With an economic climate that is a little cool right now how appealing is such a venture? How would such an investor be found?
  45. 1 point
    Service/Product Description: We sell firewood and braai wood in Cape Town, our blue gum wood is selling for R1 per piece. We pride ourselves on top quality firewood. Location: We are situated at the corner of spine road and Govan Mbeki, Town Two, Khayelitsha, Cape Town. Availability: Monday to Friday 9 am to 4 pm and Saturday and Sunday 9:30 am to 2 pm About us: Khaya Fire Wood is a young black woman-owned business, which brings its own set of challenges in a predominantly male-dominated industry. However, with a focus on good client service, consistency, and efficient service delivery forming the core qualities of our business, we managed to carve out a unique offering for our clients looking to buy affordable braai wood. Links (optional): https://khayafirewood.co.za/
  46. 1 point
    Hi Shirou, thanks. I'm hoping to do a longer thread soon on how I started with forex and some resources I use. I am by no means an expert or guru so keep that in mind. Not sure how much you have learnt so far but for now I suggest going through this website " https://www.babypips.com/learn/forex ". This should give you a good foundation to start with on forex and they make it pretty fun, certain areas might apply to crypto and traditional markets as well, but this is mostly dealing with forex. Each and every trader has there own "fine tuned" method of finding entries and exits with a combination of there preferred "indicators", experience and risk management, so it can take some time to get confident enough.
  47. 1 point
    Following below is a selection of stocks that various industry professionals have picked to be their shares to buy for 2018. Please note this post in no ways endorses their selection of JSE stocks to invest in, but that is to be seen as an informative post for you to use in your own research. Mr Price - (JSE:MRP) Sasol - (JSE:SOL) Life Healthcare - (JSE:LHC) Shoprite Holdings - (JSE:SHP) Telkom - (JSE:TKG) Woolworths - (JSE:WHL) British American Tobacco - (JSE:BTI) Wescoal - (JSE:WSL) Aspen Pharmacare - (JSE:APN) Distell - (JSE:DGH) City Lodge - (JSE:CLH) Coronation - (JSE:CML) Sources: https://businesstech.co.za/news/finance/291986/8-long-term-stock-picks-for-2019-and-beyond/ https://www.fin24.com/Finweek/Investment/five-shares-for-2019-20181218 http://www.702.co.za/features/1/money/articles/49/buy-these-three-stocks-if-you-love-large-dividends https://www.businessinsider.co.za/this-is-the-best-place-to-invest-r10000-now-experts-say-2018-5 https://www.moneyweb.co.za/moneyweb-radio/stocks-to-watch-in-2019/ https://www.businesslive.co.za/bd/markets/2018-12-13-watch-stock-picks--sasol-and-jse-all-share-index/ http://www.capetalk.co.za/podcasts/201/the-best-of-the-money-show/172007/3-best-jse-shares-to-buy-at-the-start-of-2019 I want to add the Platinum Wealth Community picks as well. So suggest stocks that you believe will do great in 2018 and I will add them below. (I am adding L4L) Long4Life - (JSE:l4l) Discovery - (JSE:DSY) Dis-Chem - (JSE:DCP) KAP - (JSE:KAP) ... Type the name of the share followed by down vote and it will be removed from the community list.
  48. 1 point
    So, this is what I'm going to do in 2019: My Tax free investment portfolio for 2019: I'm going to continue to add R2750 monthly to my TFIA. I currently have the following portfolio, and will continue in the same proportions: Local ETFs (50%): CTOP50 15% DIVTRX 10% PTXTEN 15% STXQUA 10% Global ETFs (50%): ASHGEQ 10% GLODIV 10% GLPROP 10% STXEMG 10% SYG4IR 10% My stocks for 2019: All extra monthly money above my TFIA, I usually put into stocks. I will continue doing so in the following stocks: CML (Coronation) 14.3% CPI (Capitec) 14.3% DCP (Dis-Chem) 14.3% DSY (Discovery) 14.3% L4L (Long for Life) 14.3% MRP (Mr. Price) 14.3% SHP (Shoprite) 14.3%
  49. 1 point
    Hi there. I'm writing a story on Taste Holdings for Financial Mail. Does anyone on the site still hold shares in the group? Would love to know if any of you plan to follow through on your rights in the latest rights offer.
  50. 1 point
    Great article from Bruce Whitefield, I bet your banker did not explain it to you in such clear terms: Banks love it when you don’t settle your credit card balance in full. If you owe your bank R10,000 and pay R9,999, then they are entitled – as per the small print – to charge you interest on the full R10,000 rather than the R1 that you failed to pay. It may seem iniquitous, but those are the rules. They even have a special name for people who pay the minimum amount every month on their credit card statements. They are called “revolvers”, and they are charged significant amounts of interest for extending the agreed borrowing period. That is as opposed to “transactors”, who pay the full outstanding balance monthly, having taken advantage of the reward scheme and the interest-free period made available to them. Banks are not great fans of transactors as they make lower fees and earn less interest from them. Still, the financial institution does make a percentage every time their customer uses the card, so don’t feel too bad for the bank. Source: https://www.businessinsider.co.za/beware-these-fiendish-credit-card-tricks-2018-12
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