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SlimArchi

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Everything posted by SlimArchi

  1. Try GT247. They have a good demo account that you can try out and play around with. Then after you get the hang of things try with your own cash. But just be careful and make sure you practice a lot with the demo account. Be warned, mostly everyone loses money forex and CFD trading and you will probably lose some too... Only use cash that you’re totally comfortable losing.
  2. Definitely not 4Sight [emoji23]
  3. Just to confirm, will we be getting an equal amount of multichoice shares as we had Naspers shares?
  4. Why can’t I sell Pem on easy equities? It keeps giving me an error
  5. I’ve just read the tax legislation with regards to dividends and this is what will happen: 1) All dividends received from foreign and local companies will be included in your gross income. 2) These dividends will then be exempt from income tax under S10(1)k of the income tax act (provided they’re not distributions from a REIT or controlled company) 3) Local dividends will have a withholding tax of 20% applied to them and thus you’ll pay 20% tax on them. 4) A rebate is claimed on foreign dividends that have had a withholding tax applied. The rebate is equal to the amount of foreign tax paid on the foreign dividend.
  6. There is no tax on foreign dividends from what I recall- but I could be wrong.
  7. SlimArchi

    Tyme Bank

    So I’ve noticed that Tyme bank is up and running. They don’t charge monthly fees and it’s mainly pay for what you use. But what I’m interested in is their upper limited of 10% that you can earn on your savings account. Does anyone know if this is compound interest as it should be or is it simple?
  8. I’m not a tax expert, but usually if an amount is received by you that’s not for your own benefit then it’s not included in your gross income and not taxed. There might be other reasons but you should probably speak with a tax consultant.
  9. I’m not too sure of the circumstances of the truck agreement but I’d be weary about it. It seems as if the business stops payments (because of bankruptcy etc.) it would be your name and credit score that is damaged. You also may not have a claim on the asset if you aren’t one of their creditors so it could get taken away and you’re left with monthly installments to pay. This could cause you to default on payments and then will obviously fair quite badly when trying to get a home loan.
  10. Thanks for that you may have just convinced me to switch! Been thinking about using a platform with a better interface for a while now.
  11. That does seem very nice! It reminds me of MetaTrader. Does it have buy/sell limits and stop losses or trailing stop losses?
  12. I think this has been discussed before, but who else would you recommend trading shares through? One of the banks?
  13. What was their screw up? The thrive thing is very annoying though...
  14. A TFSA is more for the long term and I think a lot of the older generations are too old to take advantage of this. Also because if your TFSA is with equities, it is a lot riskier and most people cannot take on such a risk. Furthermore, a TFSA is useless if you’re just going to be putting cash into it (if it’s a bank account with your bank)and trying to earn interest. This is because they normally offer low interest (5-6%) which could be outrun by inflation- meaning that you’re actually losing money. Also, you already get tax exemptions of up to R23 800 or so on interest per year anyways and I doubt the majority of people have enough cash to earn this much interest. In order to take full advantage of a TFSA, you should have one with a unit trust provider or stock broker. Your gains and Dividends will then be tax free and this could lead to extremely large savings. (Feel free to correct me if I’m wrong) So I’d say be happy that your bank don’t provide one because this allows you to open up a TFSA with a different broker.
  15. Thank Saurus, that has helped a lot! I actually have a bit of SYG4IR in my TFSA. It seems like it was doing quite well but I noticed a bit of a drop this week. I’ll definitely take your words to mind. I’ve been caught up between just keeping some cash in a bank account and getting around 5.3% interest or going into ETFs. It is short term for 6-12 months so I was leaning towards the investment account. But with markets the way they are this week I thought it would be a good time to get in and diversify a bit.
  16. And seeing as though tech stocks are down perhaps this would be a good time to purchase STXNDQ
  17. And a combination? Perhaps all three in proportion or would that lead me to double investing in certain markets or stocks?
  18. SlimArchi

    Global ETF

    I’ve been looking at investing into a global ETF. I’ll be making monthly deposits. Any suggestions on a moderate/all round ETF? Preferably available on Easyequities and not too heavily weighted in property. Perhaps the Stanlib world index feeder? Thanks
  19. I read their financial statements and it gave the impression that management are all over the place. I think I’m selling as soon as the suspension is lifted if the price is still decent . I don’t really trust the management any more.
  20. So now that the 7th of September has passed, does it mean PLG will be delisted? Or can the JSE still make a consideration to extend the deadline?
  21. Just do a lot of research on your ICO and know that most of them, even the potentially successful ones, fail...
  22. I hope they haven’t received a qualified audit opinion or something of the sort.
  23. Thank you very much, that’s helped a lot. And they do seem like a very good investment. I have heard a lot of good things about them and a recent article about how they are increasing their capacity or something like that was the perfect sign that it was time for me to buy.
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