The South African Revenue Service (SARS) will continue to apply normal income tax rules to cryptocurrencies and will expect affected taxpayers to declare cryptocurrency gains or losses as part of their taxable income. The onus is on taxpayers to declare all cryptocurrency-related taxable income in the tax year in which it is received or accrued. […]
Category: Investing
How to Invest: A Tutorial For Beginners
The only way to attain financial independence is by saving and investing for the long run. The goal is to put your money to work for you through a diversified collection of investment vehicles. Starting a successful investment journey and structuring a long-term plan requires that you should at least know the basics of investing so you […]
Capitec’s PEG
The badly researched report on Capitec by Viceroy has left the share trading at a significant discount. Following its immensely successful criticism of Steinhof, Viceroy’s report on Capitec was underwhelming, to say the least. Capitec’s CEO and many analysts have come out in strong support of the share – saying there is nothing wrong with […]
The Wall Street Correction
The correction which is taking place on Wall Street has now reached 10% – and it may go further. The JSE Overall index is down and will fall further to bring it into line with Wall Street. Other world markets are following suit. For the private investor, the key consideration is whether this is the […]
Viceroy and Capitec
The second Viceroy report on Capitec Bank may be a miscalculation. It is difficult to tell. On the face of it, there is nothing wrong with Capitec. It is extremely well-managed, strongly capitalised and has its parent company, PSG, and the South African Reserve Bank to support it. But can you be certain? The extraordinary […]
The Bigger Fool
On 18th December last year, we wrote an article about the acceleration of the S&P500 index called “The 3rd Acceleration”. In that article, we drew attention to the remarkable acceleration of the S&P500 index since the beginning of 2017 and especially since September 2017. We identified three trendlines, each one steeper than the previous one. […]
The Rand and Ramaphosa
In our previous article on Steinhof and EOH, we discussed the fact that private investors seldom have enough information to make investment decisions when events move quickly in the share market – as they did with Steinhof and EOH. We suggested that the answer to this dilemma was to watch the charts because those people […]
2018 Will Be Better
The year just past was full of uncertainties – an extremely difficult year for private investors to assess. In the background were the general recovery of the world economy and its impact on our commodity prices. In the foreground was the looming ANC Elective Conference and the nail-biting uncertainties of South African politics. The ANC […]
CryptoCurrency and Tax
ITC 1789 sounds like a particularly boring code for something equally boring like an Income Tax Ruling. And, yes, while you’d be right, the point, however, is that it sets a legal precedent for something that is quite interesting: in the facts of this case, a taxpayer was running an illegal pyramid scheme, the receipts […]
The 3rd Acceleration
The upward trend on the S&P has accelerated even further. This third acceleration is well illustrated by the chart below: Here you can see the three accelerations in the upward trend. The first began in December 2016 and persisted until August this year. This 2nd acceleration lasted until the middle of November and then it […]