Newbie needs help - Shares

Once your money is in a pension fund or RA, taking it out will have very big tax implications. You need to speak to a financial advisor about this.
 
klipdrifter said:
Sorry for all the questions Thor... Is it possible to investigate/request this when your employer has a pension fund scheme with Liberty etc?
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Regulation 28 (https://www.sanlam.co.za/retirementfunds/Pages/regulation-28.aspx) limits the amounts of money that can be invested in the different asset classes, ie offshore, local equities, property, cash etc. I don't believe you will be able to hedge yourself against the Zumafication of SA. I suspect a lot of the pension funds have already maxed out the limit wrt offshore exposure... Just do it yourself, by buying USD based shares. Here is a portfolio with the on-shore, off-shore splits (not 100% accurate).

Onshore.png
 
Lukcydog said:
Regulation 28 (https://www.sanlam.co.za/retirementfunds/Pages/regulation-28.aspx) limits the amounts of money that can be invested in the different asset classes, ie offshore, local equities, property, cash etc. I don't believe you will be able to hedge yourself against the Zumafication of SA. I suspect a lot of the pension funds have already maxed out the limit wrt offshore exposure... Just do it yourself, by buying USD based shares. Here is a portfolio with the on-shore, off-shore splits (not 100% accurate).

View attachment 427500
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Ahh man thanks for the breakdown!
 
Thor187 said:
Ahh man thanks for the breakdown!
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There are only two ETFs I know of that are reg 28 compliant and that's MAPPSP and MAPPSP.

Not sure if you can use the others in part in an RA though, can't see why not as long as the limits are adhered to.
 
Hamster said:
There are only two ETFs I know of that are reg 28 compliant and that's MAPPSP and MAPPSP.

Not sure if you can use the others in part in an RA though, can't see why not as long as the limits are adhered to.
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For sure. I was more thinking in general terms here when I looked at his breakdown. Ie my own little portfolio outside of my TFSA
 
Hamster said:
There are only two ETFs I know of that are reg 28 compliant and that's MAPPSP and MAPPSP.

Not sure if you can use the others in part in an RA though, can't see why not as long as the limits are adhered to.
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Didn't follow the whole discussion. I just want to add that you can't just buy one of the mapp ETFs say through EE to get the benefits of an RA. It must be wrapped around a RA fund or vehicle.
 
Hamster said:
He is aware of the late night brain fart :p The costs for trading is included in the R33,000 pa, so if you buy R20,000 worth of STX40 and the costs amount to R30, you'll have R12970 left.

Best is, on EasyEquites, to go to yur account settings and switch on the feature that includes the cost with the amount you want to trade. By default on EE if you want to buy R1000 wort of shares the total amount will end up being something like R1001.30 (costs added). If you switch that option on in the settings and place a R1000 trade they'll buy you R998.70 worth of shares + R1.30 costs = R1000.

Hope that makes sense.
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Do you have a link that states the costs are part of the balance?

It's not that I don't believe you I've just not see it before and it doesn't make sense to me that it would.

Also no mention of it on the SARS page.

http://www.sars.gov.za/TaxTypes/PIT/Pages/Tax Free Investments.aspx

So in my mind the R33k is total cash/equity value and costs would fall outside of that as they actually have nothing to do with the investment amount.

After all you don't get taxed on costs when buying outside of a TFSA. You get taxed on the profit and the same should apply here.
 
SauRoNZA said:
Do you have a link that states the costs are part of the balance?

It's not that I don't believe you I've just not see it before and it doesn't make sense to me that it would.

Also no mention of it on the SARS page.

http://www.sars.gov.za/TaxTypes/PIT/Pages/Tax Free Investments.aspx

So in my mind the R33k is total cash/equity value and costs would fall outside of that as they actually have nothing to do with the investment amount.

After all you don't get taxed on costs when buying outside of a TFSA. You get taxed on the profit and the same should apply here.
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I have no link
 
Thor said:
Yea that was a boo boo on my end. I uploaded a new version of the ebook shortly after

Something you might be interested in we've launched a news wire service, still early days, but growing.

https://platinumwealth.co.za/insights
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Newbie here, have been reading everything available on finances, after my own rude awakening with my "financial advisor."

This link does not seem to be operational. Is there anywhere else the guide can be found.

Thank you in advance for any help.
And a HUGE thank you for all the information you have shared so freely.
 
R10T said:
Newbie here, have been reading everything available on finances, after my own rude awakening with my "financial advisor."

This link does not seem to be operational. Is there anywhere else the guide can be found.

Thank you in advance for any help.
And a HUGE thank you for all the information you have shared so freely.
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https://platinumwealth.co.za/forum/ebooks/
 
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