Past performance good indicator for future performance?

marco said:
You mean the stuff you smoking?
Pravin did state that CGT will increase again to bring it in line with overseas countries. What you state in my quote is out of context of the whole post.
So, I repeat. Selling off my portfolio last June was not a train crash tax wise as alf believes. It is not a tax SAVING method as there are too many variables involved as I have already explained.
Now stop dissecting my posts and commenting on parts of it without taking the crux of the whole post into consideration.
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Jees marco, honestly.... you have less than sweet fsck all clue WHAT you actually type, and pulling the out of context card is complete bollocks. You stated something, we laughed at you because your statement is so damn funny that it crosses the borderr of idiocy.
 
Just for interest sake. When Mr Gordhan increased the CGT last year from 25% to 33.3% he stated that this increase puts it at a level that is still under world average. This is bs as I have just checked. The average looks around 25%. So far I have only found 1 country with CGT higher than ours.
Many EU countries have austerity measures and one would think the average CGT would be higher than ours.
 
Quote "I am by no means advising selling. The only reason I sold was if Greece had defaulted and became the catalyst for the demise of the Euro, I would have made a massive loss. I wrote off my expense as insurance fees albeit a small fee."End Quote.

This is a part of my post. How come nobody nobody added this to my quotes? Strange.
And this:

Quote "I did not advocate that as a method to save on tax. That would be stupid as there are other things to look at such as gains lost from the CGT you paid after 5 years into the next 5 years. The possibility of a future loss, inflation etc.
That post was to explain to alf that selling my holdings prior to the Greek vote did not affect my tax as much as he has been saying". End Quote.

You guys are all arscreepers trying to get in DJ's GOOD BOOKS. So far not ONE of you have explained WHY I am wrong. I did say that I am open for correction. At least alf tried and I thank him for that.
 
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Please refrain from remarks such as "Ha ha". "He's lying" and similar. If you don't understand and cannot explain then don't reply. I will post this very same question on sharechat and surely I will get better replies on that site.
 
Allow me to illustrate to you why nobody gives a schit about engaging properly with you any longer:

marco said:
cow-poo.jpg
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Everybody else said:
images
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marco said:
young20hooligan201.jpg

images
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Wash, rinse, repeat. In absolutely every thread, this is the formula it follows...
 
marco said:
Please refrain from remarks such as "Ha ha". "He's lying" and similar. If you don't understand and cannot explain then don't reply. I will post this very same question on sharechat and surely I will get better replies on that site.
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Then fsck off to sharechat already. Bye-bye...
 
Guys, I read the financial stuff on this forum over weekends. As a futures trader, I look at shares the top 40, Dow, FTSE, oil and and and. I am a member of a lot of forums. On all forums you get good info and not so good info. That is no reason to turn it into a shouting contest. What works for one person does not necessarily work for another person.

I think you guys forgot the most basic purpose of forums - knowledge sharing, be it good or bad.
 
LottaFun said:
Guys, I read the financial stuff on this forum over weekends. As a futures trader, I look at shares the top 40, Dow, FTSE, oil and and and. I am a member of a lot of forums. On all forums you get good info and not so good info. That is no reason to turn it into a shouting contest. What works for one person does not necessarily work for another person.

I think you guys forgot the most basic purpose of forums - knowledge sharing, be it good or bad.
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Awful advice has been spewed by marco for years on this forum. Some laughable bullschit, and some utterly dangerous. Upon correcting him, he returns with a mouthful of expletives and stubbornness, and typically doesn't have a clue why he is wrong. So instead of spending twenty pages frustratingly trying to correct him, it appears that most have simply resorted to dealing with him in a more, well, frank and forthright manner...
 
alf101 said:
Post your returns before you leave please.

I'm actually interested in finding out how worthwhile investing in equities is in reality for "small" investors.

Everything is in favour of the large fund managers.

I've got around 500 k in equities myself.
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Alf. You know by now that I have had CML for over 3 years as my only stock and recently added the other 2 but on a much smaller scale.
The chart shows a gain of +-500% over 3 years but as I withdrew some and have to pay tax of around 11%, my gains are 132% according to my calculation.
Equities outperform any other asset class over time but I'm not sure if I understand your question correctly. If you are a high risk investor as I am then I would do equities only. UT's are too expensive due to the performance and/or management fees as Bruce Cameron stated in the Cape Argus this weekend. (just thought I'll add that before I get pulled apart).
 
marco said:
If you are a high risk investor as I am then I would do equities only. UT's are too expensive due to the performance and/or management fees as Bruce Cameron stated in the Cape Argus this weekend. (just thought I'll add that before I get pulled apart).
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He did? Our Personal Finance insert was mostly about him retiring and also about with-profit annuaties and Finbond Mutual Bank and funeral cover shena****ns...

All I can find about him and UTs is the following:

Bruce Cameron said:
I did not achieve this financial security because I have any special knowledge of investment markets. I have simply saved and preserved more than 10 percent of my income for many, many years, mainly in my occupational retirement fund, unit trust funds and, more recently, ETFs (using a share-trading platform rather than the expensive ETF investment platforms). Compounding returns have done the rest.
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I don't have the newspaper with me but he has a table showing if I remember correctly, his holdings.
Equities. 64%
Property. 32%
Rest in bonds and cash.
 
marco said:
I don't have the newspaper with me but he has a table showing if I remember correctly, his holdings.
Equities. 64%
Property. 32%
Rest in bonds and cash.
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Equities:
Local: 46.0%
Foreign: 15.0%
Total: 61.0%

Property: 15.0%

Bonds:
Local: 13.0%
Foreign: 5.5%
Total: 18.5%

Cash: 5.5%

But that does not detract from that you are making stuff up again. As I quoted, he said ETF investment platforms are expensive compared to buying through stockbroking account (and thats only after a certain amount, after building either a nice capital amount or contributing a big amount every transaction).

Luckily I brought the insert in with me to work to reread.
 
Remove AVI as I held it for a short period. I thought you were a member of sharechat and would know by now what shares I have. I know most guys portfolios from the investment threads. I have CML, PNC and MTA and have ™ © to trade these on the Leaderboard competition and I use these same shares every month.
I will download ms money and check it out.
 
supersunbird said:
Equities:
Local: 46.0%
Foreign: 15.0%
Total: 61.0%

Property: 15.0%

Bonds:
Local: 13.0%
Foreign: 5.5%
Total: 18.5%

Cash: 5.5%

But that does not detract from that you are making stuff up again. As I quoted, he said ETF investment platforms are expensive compared to buying through stockbroking account (and thats only after a certain amount, after building either a nice capital amount or contributing a big amount every transaction).

Luckily I brought the insert in with me to work to reread.
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Most likely you are correct. As you, I read it all but kept it to reread it again for it all to sink in properly which I will do this weekend.
 
Base cost is R1.5m. Sold for R1.95m after 6 months. Gain will be R450k.
R450k less exclusion of R30k is R420k
33.3% of this will be R140k +-
Added to year end taxable income and you fall into the 35% bracket then the tax will be R49k +-
So the effective tax on R450k will be 10.9%


I don't want an argument here but my calculation pasted above has still not been corrected. DJ said it is wrong and his/her gang followed up ridiculing me but not one wanted to correct me on this. Perhaps DJ's gang don't know.
I really want to know if this is correct or not.
Now where is that accountant from that SARS thread that shut you guys up after all the heckles I got from my post by saying "Marco is correct" and went on to EXPLAIN WHY?
 
No. DJ will not help. Nor will her followers. I need someone outside DJ's group to help.
 
marco said:
Base cost is R1.5m. Sold for R1.95m after 6 months. Gain will be R450k.
R450k less exclusion of R30k is R420k
33.3% of this will be R140k +-
Added to year end taxable income and you fall into the 35% bracket then the tax will be R49k +-
So the effective tax on R450k will be 10.9%


I don't want an argument here but my calculation pasted above has still not been corrected. DJ said it is wrong and his/her gang followed up ridiculing me but not one wanted to correct me on this. Perhaps DJ's gang don't know.
I really want to know if this is correct or not.
Now where is that accountant from that SARS thread that shut you guys up after all the heckles I got from my post by saying "Marco is correct" and went on to EXPLAIN WHY?
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I'm no tax expert, but from your post, I would have thought that the gains would not be taxed as capital gains, but rather as income and would therefor be taxed at 35% in your example - If the shares were held longer than three years, the chances of the gains being taxed as cap Gains would be better

Your calculation however looks correct, if the gains were CGT


just my 2c ;)
 
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