For the more knowledgable traders etc.. any advice or thoughts on Supergroup. I bought them just before they grouped the share, and have doubled my money. They have been flat for a while now... Hold or sell?
I bought at R7.10 and sold close to R16.00. The way I see it they are have been doing things right and probably will for some time to come. I took my profit and will look at the next results to see if I will play here again. They are making money again but will they be able to put it to good use? I am betting yes! I to dont like the dead months when the share goes flat like that.
Ja, I bought in at R7.92.. So I've made a good profit. But they grew rapidly and with there being a focus on really turning that company around, I thought I'd hold onto it.... but just wanted the views or opinions of others.
FMNY,my advice, if you want to trade shares then have two accounts one for trading abd one for your long term investments.SARS is very quick to label you a trader , thereby adding your profit to your other income and before you know it you could be taxed at one or two brackets higher negating most of your profit due to the backet creep,that is assuming you're not already paying tax at the marginal rate. CFDs and SSF are a much better instrument if you want to trade, but do your homework first.
Just a note - you have not made any money while holding, also not suffer a loss while holding. On the tax issue referred to elsewhere: if you "trade" within 36 months from buy and realise a profit, you are a trader and will not convince SARS that this is not the case. Also, there is NO guarantee that SARS will regard you as an investor if you hold some shares for longer than 36 months, and flog the others. The opinion to open TWO accounts (one for trading) is very sound advice.