Interesting investing ...

zerocool2009

zerocool2009

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Anyone ever invested in a firm called VCC / (Or in SARS terms, Section 12J) ?

Reading the pro's and con's .... sjoe (is it to good to be true) ?
 
hawker said:
If it sounds like it's too good to be true, it probably is. Especially when it comes to investing.
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I have read up ... and SARS even gives you a MUCH better rebate related to RA's. The only thing is, you need to hold the investment for 5 years.
 
hawker said:
Did you read the comments on that article?
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Yes I did. It all boils down to, to invest in the right VCC I think.

- Sars gives you a rebate on personal tax.
- You earn dividends (19% a year)
- Sars in essence refunds you within 5 years for your investment

What do you have to lose (that is my question)
 
Messugga said:
It's stuuuuupidly risky, but the payoffs can be significant.
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That's what put me off, its gambling (picking the correct VCC) - also the potential for high fees and other charges put me off.
 
zerocool2009 said:
If you compare this with the BTC global saga... SARS is involved all the time, so the firms must meet requirement to comply
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Whoop de do. It's still VC. They don't pay dividends if they go bankrupt. There's a reason that SARS is giving you the cuts they are - otherwise nobody would be investing. You also get tax breaks for donating to registered charities - doesn't mean you get anything worth while in return.
 
Messugga said:
Whoop de do. It's still VC. They don't pay dividends if they go bankrupt. There's a reason that SARS is giving you the cuts they are - otherwise nobody would be investing. You also get tax breaks for donating to registered charities - doesn't mean you get anything worth while in return.
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Well, before I do anything, I want to see the firms financials ... that is a good starting point
 
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