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padjakkels

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Posts posted by padjakkels

  1. bought R5k each of OMN, LEW, and TFG, which should pay out on 2016/07/25.

     

    The LDT for them is the 2016/07/19, but I definitely won't remember to go and buy three weeks from now. But now I need to remember to check if the dividends pay out on the 25th...

     

    Did the dividends pay out? Do it pay out to you normal cash account at the broker?

  2. JSE:LEW actually looks more attractive:

     

    for example: Lewis Group LTD (JSE:lew) has a current price of R44.98 per share, and a dividend of R3.02 per share.

    - If I buy 100 shares: R44.98 x 100 = R4498,

    - wait until 2016/07/11 for the payout of R3.02 x 100 = R302

    - sell the shares again.

    - getting R302 from the initial amount of R4498 means a growth of 6.7% in a week.

    - (ignoring fees etc., and my total lack of how financial maths works...)

     

    Although only slightly more than Invicta, but the lower share price means I could buy three times as much and save on the fees...

     

    So dieWerner, did you do it?

     

    I also want to try it, but it is not worthwhile if you have a big capital account to start with...

  3. Basically - say you're creating a site for someone that sells a R 40 000 product off the site and you're confident that you can get them 5 sales a year due to the website upgrade then they shouldn't have a problem paying you R 120 000 for the site. Their investments is paid off in under a year, pretty good returns!

     

    So interesting read and I would say a must for any Freelancer or prospective Freelancer to find out how to price what you do.

     

    I disagree with the above. Remember the profit that the person takes home, is not equal to the selling price. Perhaps the sale of R40,000 only produce a profit of R5,000. Then its not fair to charge R120,000 for the website, but rather R20,000.

  4.  

    Selling hours actually creates a conflict of interest. It puts you and the client on opposite sides of the table. If you’re selling hours, it’s in your best interest to take longer, to bill more hours. But your client is interested in getting solutions that work as promptly as possible. What if you work quicker for one client than another, but deliver the same value? Should you penalize the client you worked longer for? If you’re slow, it’s not their fault.

     

     

     

    From an accountants perspective...we also sell our time/hours. But we are professionals with ethics and techniques in place to regulate the time spend so that we keep it fair to us and the clients.... so we see it that we and the client are working together.

  5. Thanks.

     

    I have provisional three stock picks for those that don't know them and seen as good stock picks for the future: Sasol with their global operation expansions and whilst crude prices may be subdued for 2017 the share will remain cheapish but positioned for strong EPS growth from 2018 with other global plants adding to the earnings. Naspers even at a PE of 57 times through their subsidiary Tencent remains attractive and then there DBXUS ETF for dollar exposure. Buying the MSCI USA Index, a market cap weighted index which represents 600 of the largest companies in the USA. I also like the DBXEU also as a rand hedge with good sustained earnings in Blue Chip European companies.

     

    Talk soon.

     

    Sounds interesting. So based on this what time frame would you suggest for this investment? 3 years? 5 years?

  6. Thanks for the information.

     

    I don't see the bank account details for the EFT.

     

    10% Ownership rule is also fine by me.

     

    We only opened the bank account a few days ago. We will go through July/August with the initial members(partners) and then we will welcome new members early in September. We just want to get everything in place and see that's its working. We will add you to our waiting list and will contact you at the end of August. We will also let you have the bank details then.

     

    We understand that you are very keen to join, please don't be discouraged by the waiting period. :)

     

    We are also working on a FAQ section so it can be a bit clearer how everything will work.

  7. Where does one send the application form to?

     

    How is the first R1,000 joining fee paid, via EFT debit order?

     

    Can we invest in multiples of R255?

     

    The application forms can be send to: [email protected]

     

    The first R1,000 is paid by EFT.

     

    We are not going to use debit orders as this will make more admin for us. You can then set a stop order on your side every month for the R255.

     

    Yes, you can invest any amount, minimum is R255 where R5 will go for costs, etc. You are limited to 10% maximum ownership, meaning you may not have more than 10% of all the units in the Club. For the time being everyone will just contribute R255 per month and once we are up and running, then we can contribute more.

     

    Hope this helps.

  8. Can one transfer their ETF's from ordinary EE account to TFSA?

     

    Can I transfer money between my TFSA and Investment accounts?

     

    Unfortunately not. We can't facilitate transfers between the EE Investment account and a TFSA account as there are certain rules that govern the transfer of funds in and out of a TFSA account so that the annual and lifetime limits can be monitored.

     

    This means that funds transferred into your TFSA account must come from your bank account.

     

    https://support.easyequities.co.za/support/solutions/articles/5000622267-can-i-transfer-money-between-my-tfsa-and-investment-accounts-

  9. I wonder how Vodacom's cancellation policy works? I walked into a branch saturday to ask and they said they can't cancel or advise me on the process in a branch that must be done over the phone, I was like WTF?

    Call 111 just ask them to email you the quote.

     

    Served by a Droid

     

    I hate talking over the phone F2F or E-mail that is all I do.

     

    Funny that mybroadband has an article on this today....

     

    http://mybroadband.co.za/news/cellular/171113-how-to-cancel-a-cellphone-contract-with-vodacom-and-mtn.html

  10.  

     

    found this list of upcoming dividends: http://www.moneyweb.co.za/tools-and-data/dividend-watch/

     

     

     

    This list is useful. Is there perhaps a list of dividends already PAID, so that you can go and have a look what happened before the dividends were paid and after. I'm curious to see how it played out and if you would have made money on it.

     

    Would you for example take money from your credit card, buy shares, get dividends, sell shares and repay your credit card? Remember you don't pay interest on a credit card transaction for the first 55 days if I am correct.

  11. All you have to do is own the shares at 17H00 on LDT (not three days before ) - you can sell them the next day if you want - pay date has nothing to do with it. The shares are mean't to drop by the dividend amount the next trading day. sometimes they do, sometimes they don't. Obviously, you not the first one to have this idea - I have oftened wondered how it would play out.

     

    Wonder if you use the demo money in Easy Equities, if the will show the dividends received in your demo money account....

  12. Did it at work once. Basically 11 out of 12 of us just all put money in each month and gave it to the 12th person on a rotational basis.

     

    Served by a Droid

    Okay, cool.

     

    Sent from my SM-A700F using Tapatalk

  13. Yes, it can get complicated...

    https://en.wikipedia.org/wiki/Stokvel

     

    Contribution StokvelsTraditional savings scheme in which members contribute a fixed amount of money to a common pool weekly, fortnightly or monthly. Members would receive the lump sum on a rotational basis, and they are free to use the money for any purpose.

     

    Basic StokvelsDiffer from the contributions stokvel in that it functions as a savings scheme that pays out for specific events, such as for a death, or at Christmas.

     

    Grocery StokvelsCollects the grocery or cash coupons that members receive from supermarket chains when they buy provisions for the stokvel parties throughout the year, and distributed these coupons at the end of the saving period.

     

    Purchasing StokvelsCollects pool money on a regular basis and uses it to purchase big items that can be used by the group to generate an income for example, a marquee that could be rented out to the community for use on special occasions.

     

    Family StokvelsInvest the pooled money in formal bank accounts or financial services. The money is paid out according to the needs of the family, but generally the funds are used for buying land or cars, for business investments, or for deposits on bank loans.

     

    Investment GroupInvests money in order to benefit from the interest. When an investment pays out, the money is split but, in some cases, part of it will be kept back for reinvestment.

     

    Party StokvelsArranges street or jazz parties, often with live entertainment. An entrance fee is charged, and food and drink is sold. Members then share in the profits. Some of these stokvels have grown into sophisticated businesses

     

    Borrowing StokvelsWhich loans money at high monthly interest rates (between 20% and 50%) to members and sub-members from its regular pool money.

  14. Anyone joined this in the past? Any experience?

     

    Seems to me the binding factor is that its a small group of people and they would confront you if you missed a contribution.

     

    Just an interesting concept for me.

  15. Why am I being Taxed in my TFSA I thought VAT is also a tax ( value-added tax (vat)) ?

     

    Tax have a wide description....

     

    What they mean with tax-free is that you will not pay personal income tax on the return of your investment, eg. interest and capital gain.

     

    VAT is something else, Value-added-services and is not the same as your personal income tax. The broker charge you a fee and because they are registered for VAT, they must add VAT to their fee. So that is why you still have to pay VAT aka tax.

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