JustOneLap ETF tax-free portfolios

[ima_be_thatguy]

HI
Has anyone had a chance to look at JustOneLap Etf portfolios?



One for short term < 5 years

mid term ~ 10 years

and long term > 10 years

Im more interested in the mid term portfolio
Holdings
CSEW40 25%

DBXWD 25%

PTXTEN 25%

NFILBI 25%

any thoughts

 

[Alton Turner Blackwood]

Just to make sure, you do know you can only have one TFSA?

 

[ima_be_thatguy]

Just to make sure, you do know you can only have one TFSA?

Yes I do, but you can spread it over as many investments as you like, as long as you dont go over the yearly 30000 limit

 

[JStrike]

Just to make sure, you do know you can only have one TFSA?

You can have as many as you want. You are only restricted by the amount you can contribute.

 

[ima_be_thatguy]

SO the original question, any opinions on JustOneLap's portfolio picks

 

[JStrike]

They're good

 

[supersunbird]

It's OK.

Personally I'd be

CSEW40 35% or CTOP50 35%

DBXWD 35% or CSP500 35%

PTXTEN 15%

GLPROP 15%

15%

 

[Purply]

Yes I do, but you can spread it over as many investments as you like, as long as you dont go over the yearly 30000 limit

FYI

There will be an annual limit of R30 000 and a lifetime limit of R500 000 when using this product. If you invest more than the annual limit of R30 000, you will pay a once-off penalty of 40% on the amount exceeding the limit.

If you were to invest R50 000 in a given tax year, you would have contributed R20 000 more than the limit. This R20 000 will be taxed at 40% (R20 000 x 40% = R8 000), making your net investment R42 000 (R50 000 – R8 000).

If you had previously contributed a total of R500 000 and you invest an additional R30 000 in the next tax year, you will pay a once-off amount of R12 000 tax (R30 000 x 40%) on the amount exceeding the limit, i.e. R30 000.