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Outlook

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Everything posted by Outlook

  1. I'd be interested to hear the EasyEquities CEO speak on how they came to create EasyEquities and the challenges they faced and how companies can reach the lower middle class.
  2. Seems blue label is a good buy to get access to the telecom sector as well as insurance (remember I read somewhere they are eyeing that space).
  3. Come Monday I am setting up a monthly debit order - I have been wanting to get my TFSA in order for ages now, but having to keep track of all the new ETFs is a bitch, to say the least. Thank you Platinum Wealth for taking the time to create this basket, I reviewed the ETFs in this basket and read through this thread about structuring your ETF portfolio and from what I can gather this is an optimal portfolio to invest in.
  4. I think I will focus this new year to put my TFSA allowance into the Ashburton Global 1200 ETF. Do anyone else own this ETF? ETF Fact Sheet
  5. The new CoreShares Global Dividend Aristocrats ETF looks promising. Do anyone know when the IPO is?
  6. Where is AlgoTrading, I think he uses MetaTrader form GT247 now.
  7. Allister Coetzee has become the first South African coach to be dismissed while still under contract since 2003. South Africa have sacked coach Allister Coetzee after a difficult couple of years in charge. The 54-year-old becomes the first Springboks coach to be dismissed while still under contract since Rudolf Straeuli following the 2003 World Cup. Coetzee took up the role in April 2016 but the Springboks were beaten by Ireland on home soil in his first game in charge while landmark losses to Argentina and Italy have also occurred during his tenure. Coetzee and SA Rugby agreed to terminate the relationship after a two-year association. South Africa are expected to announce their revised management setup before the end of February. “First and foremost we had to assess what is in the best interests of the Springboks,” said Jurie Roux, the chief executive officer of SA Rugby. “We’d like to thank Allister for his passion and dedication to the Springbok cause and wish him every success in his next role.” Coetzee said: “I have always held Springbok rugby dear to my heart and will continue to do so and for that reason, I think now is the time the team and me strike out in new directions. I wish Springbok rugby every success in the future – as I have always done.” source: The Guardian
  8. I wonder what most institutional stop losses are. Imagine if those automatic stop losses are triggered, instant crash.
  9. I read quite a bit, most of my "knowledge" comes from books I read over the years. Then I listen to some podcasts, the money show with Bruce, I enjoy Simon's JSE Direct one too. All questions and stuff I want a little deeper understanding off I come and get on Platinum Wealth. When friends and family ask me for stuff I often times end up directing them to a thread that is on Platinum Wealth. So in essence, I talk to you guys about finance
  10. The forum is growing quite nicely lately, I've been watching it.
  11. My emotions got in the way, you are right, I would probably have done the same if I was on that stand as an expert.
  12. I am always amazed at how you guys can keep track of the percentage split. I have 3 ETFs I buy equal amounts each month and ignore the gains (never rebalance). ETFs I own: SYGWD 33.3333333333% NFEMOM 33.3333333333% STXEMG 33.3333333333%
  13. Why would a man like a mister Butler risk his reputation like this? Feels like a sure fire way to end your career.
  14. This forum has come a long way since I first joined. One day we will be the elder members talking about stories you noobs will never understand.
  15. More than 500 SA individuals and companies are named in the 13.4m records exposed in the ‘Paradise Papers’, the latest trove of offshore tax haven leaks, raising afresh questions about the morality of tax avoidance, good governance, risk and the most efficient ways of structuring tax regimes. Leona Helmsley, the American real estate mogul who died a decade ago, was reviled for her infamous throwaway line that "only the little people pay taxes". The release this week of the Paradise Papers — the widest leak yet of secret records from more than 19 tax havens, as well as those of two of the largest offshore firms — illustrates that her sentiment is perhaps more on the money than ever before. It’s a leak that has bust open the myth that if you stash your cash in Guernsey or the Bahamas or Mauritius, no-one will know. The largest number of records emerged from Appleby, a 119-year-old law firm that helps clients reduce taxes and obscure assets. The Paradise Papers were obtained by German newspaper Süddeutsche Zeitung and shared with the International Consortium of Investigative Journalists and more than 380 journalists in 67 countries, including amaBhungane and the Financial Mail in SA. In all, 13.4-million records tipped out, embarrassing no less than US President Donald Trump (exposing links between his commerce secretary Wilbur Ross and Russian President Vladimir Putin), Queen Elizabeth II (revealing her investments in exploitative payday loan firms) and 120 politicians. The names of more than 500 South Africans or SA-registered companies emerge in the Papers. They include companies that have set up operations in "secrecy jurisdictions" — such as Spar (Isle of Man), Aspen and SABMiller (Mauritius), Illovo Sugar (Mauritius) and Lonmin (Bermuda), as well as wealthy executives. A number of blue-chip SA financial institutions are named too, including Standard Bank, Liberty, Sanlam and First National Bank. Investec also crops up as central to an investment which helped Shanduka — in which deputy president Cyril Ramaphosa was a shareholder until 2014 — structure an investment in a Mozambican energy deal through Mauritius. In that case, Shanduka used a company it set up in Mauritius, Shanduka African Investments, to invest $20-million through a murky company called Marihold One, which was red-flagged by Appleby. Though this is no evidence that Ramaphosa did anything wrong, it would seem unwise for politicians to invest in countries known to be tax havens, at a time when anger is rising over the estimated $50-billion that leaves Africa in illicit flows annually. Ramaphosa’s rival for the ANC presidency, Nkosazana Dlamini-Zuma, is also named in the papers — but only because, when she chaired the African Union, Appleby set up a trust in Mauritius called the "Africa Against Ebola Trust". This would have been a forgettable detail, were it not for a ferocious response by Dlamini-Zuma’s spokesman Carl Niehaus. Niehaus said references to Dlamini-Zuma in the Paradise Papers were part of the "clear and deliberate smear campaign" to "display a mirage of the supposed corruptibility" of Dlamini-Zuma. "We suppose the good story of Africans doing it for themselves in raising over $15-million is less juicy than peddling a negative African narrative to bring down an upright and upstanding African woman," he said. Niehaus said that after the 2014 ebola outbreak in West Africa, it was "agreed that the African Union Foundation, which is based in Mauritius, would be used as a stop-gap measure". Mauritius, an island of just 1.3-million people, is a favoured destination for SA companies. By 2000, the IMF described Mauritius’s offshore industry as "enormous". Global businesses based on the island have assets valued at $630-billion — 50 times Mauritius’s gross domestic product. "Only Luxembourg has a bigger stock of foreign direct investment relative to the size of its economy," says the Financial Times. In a PR brochure, Appleby boasts of its services in Mauritius: "Investors commonly use Mauritius, which has a growing number of tax treaties with other African nations, as a place to base a holding company, joint venture or investment fund, which will then invest in projects in a number of different countries." For many companies, creating structures in these tax havens is an answer to SA’s rapidly weakening rand, which has shed 39% against the dollar over five years. Companies also cite SA’s exchange controls which, though less tight than a decade ago, still limit the flow of money offshore. Spar CEO Graham O’Connor says his company set up a structure through the Isle of Man to hold Spar’s R690-million purchase of 60% in Spar Switzerland, entirely because of the rand. "It was all about minimising the currency risk. With all that’s going on in SA now, this seemed like too much of a risk." O’Connor says there was "no sinister objective" in setting up shop in the Isle of Man. "We could have set this structure up elsewhere. We could have chosen Netherlands or France, but we chose Isle of Man because we were already there (through an earlier deal in Ireland). We’re a very ethical company, and we pay the tax that’s due." Magnus Heystek, director of Brenthurst Wealth, says he understands O’Connor’s argument "about 70%". "Currency risk can wipe out profits and cause companies to close doors. While most companies would love to pay taxes to a government that’s doing well and respects its citizens, if that’s not happening, you’re forced to look at ways of reducing your risk". Xhanti Payi, an economist for Nascence Research, doesn’t buy this. "If the excuse is that the rand is too weak, then nobody would ever set up companies in Nigeria or Malawi. We’d all run to the UK, so I don’t think that’s necessarily legitimate." Payi says the Paradise Papers are important because details about ownership and assets are fastidiously hidden in tax havens. "In SA the sort of transparency we take for granted just isn’t there in places like Guernsey. The only way it’ll ever come out is through a leak like this." Payi says transparency is critical. "As Thomas Piketty wrote, one of the starting points to addressing the inequality we see in SA is transparency. We need to know where your money is, why you put it there and why you think it should be hidden offshore." Heystek says while many of the deals in the Paradise Papers are legal, a minority are either dubious or outright illegal. "Where you have a situation of transfer pricing, where you choose a jurisdiction in which you don’t operate and structure deals primarily to reduce the tax payable to the country where profits are made, it becomes grey." For example, a company seeking to pay less than SA’s 28% corporate tax could establish a "marketing" or "royalties" office in Mauritius, which charges an effective rate of 3%. The Mauritian office would then levy extortionate fees on the SA operating business for "marketing", ensuring the bulk of the profits go to a country where taxes are low. "It might seem immoral, but the lawyers will argue this right exists," he says. Heystek says this often happens when there is a "rising tide of anger towards government for mishandling finances". "More people are saying screw this, how can I give as little money as possible to the government." More SA names will emerge in the next few weeks. Already, many of them are acutely aware of the saying that the only difference between tax evasion and tax avoidance is the width of a prison wall. Source: amabhungane.co.za
  16. That will probably be the case for all CFD providers, these shares rarely gets made available on trading platforms due to the low liquidity.
  17. I am planning to enter this boat at R4.30 Long4Life at below R4.40 I think is a bargain in terms of what they aim to do. Is it like a little PSG basically?
  18. Vodacom has confirmed that its retailers – including online, franchise, and dealer channels – will have Black Friday specials. LG G6 – R529pm x 24 on Smart XS+ Free 28″ LG Monitor Free Game Collection valued at R2,500 LG Q6 – R349pm x 24 on Smart XS+ Free LG K10 2017 valued at R3,399 on a uChoose Flexi 55 x 24 months Free Game Collection valued at R699 LG V30+ – R679pm x 24 on Smart XS+ Free LG Stylus Smartphone valued at R4,379 on a uChoose Flexi 110 Free Game Collection valued at R1,300 LG K10 2017 – R179pm x 24 on Smart XS+ Free Rocka Epic Over-ear headset valued at R499 LG Stylus – R199pm x 24 on uChoose Flexi 150 Free Rocka Epic Over-ear headset valued at R499 Samsung Galaxy S8 – R599pm x 24 on Smart XS+ R250 off Samsung S8 Original Accessories Free Flight Centre Voucher valued at R5,000 Samsung Galaxy S8+ – R699pm x 24 on Smart XS+ R275 off Samsung S8+ Original Accessories Free Flight Centre Voucher valued at R5,000 Samsung Galaxy Note 8 – R829pm x 24 on Smart XS+ R300 off Samsung Note 8 Original accessories Free Flight Centre Voucher valued at R5,000 Huawei P10 – R499pm x 24 on Smart XS+ Free Huawei P8 Lite 2017 valued at R3,699 on a uChoose Flexi 55 x 24 months Free VIP Service Huawei P10 Plus – R549pm x 24 on Smart XS+ Free Huawei P8 Lite 2017 valued at R3,699 on a uChoose Flexi 55 x 24 months Free VIP Service Huawei Mate 10 Pro – R749pm x 24 on Smart XS+ Free P10 Lite 2017 valued at R4,999 on a uChoose Flexi 55 x 24 months Free VIP Service Free 6-months comprehensive insurance valued at R1,134 Blackberry KEYone – R429pm x 24 on Smart XS+ Free R1,000 cash back voucher Sony Xperia XZ1 – R529pm x24 on Smart XS+ Free Made for Xperia Cover Add R79pm x 24 for a PS4 500GB Sony Xperia XZ Premium – R599pm x24 on Smart XS+ Free Made for Xperia Cover Add R79pm x 24 for a PS4 500GB Nokia 8 – R499pm x 24 on Smart XS+ Free Nokia 3310 valued at R899 on a uChoose Flexi 55 x 24 months Xiaomi Redmi 4A – R129pm x 24 on uChoose Flexi 110 Free Wireless Bluetooth Headset valued at R349
  19. Check it out @YoungInvestor https://platinumwealth.co.za/insights/investing/picking-winners-orion-minerals/
  20. I have added Checkers to the list of companies participating in Black Friday 2017 as well as Travalstart.
  21. I own both Adapt IT and EOH, so far I'm happy. I do agree with ranger to a degree, or rather, I have that same question: Why would you buy into SA tech companies vs buying a global ETF consisting primarily off US, UK, Japanese and Chinese tech companies.
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