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When to start running a HYP

General discussions about equity high-yield income strategies
Pastcaring
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Re: When to start running a HYP

#145166

Postby Pastcaring » June 12th, 2018, 12:55 pm

There is no withholding tax in Australia.

MQG pays dividends that are 45% franked.Now you' ll have to find out what the dividend imputation system is in Australia ( common name franking credits)Make it as complicated as you like.

Briefly, dividends are taxed as income . The $5.30 dividend for year ending 31/3/18 carried credits at 45%. Round numbers $5.30 at 45% gives a tax credit of $1.02.

How complicated would you like it?

Double taxation agreements would mean you earned $5.30 and paid $1 .02 tax on it for your UK tax return.

See an accountant for advice and check that number ($1.02), my mental arithmetic powers are on the wane.

Tjh,if you want safety put your money in the bank.Stock markets can be risky,you can lose money.You can also make a lot of money.

Whenever the panic grips you,sell them and take the loss ,as explained I watched it go from my buy price of $60 down to $17 .

During the GFC I watched around $1,000,000 disappear,it quickly came back as markets rose again.

For the really wealthy ,say the Walton family ( Wal mart WMT).Two billion shares at $100 each,worth $200 billion. Share price drops to $90,now they are worth $180 billion,do you think they worry about share price movements.

They have a concentrated portfolio,there is the share I have picked for a concentrated porrtfolio MQG.

Money in the bank for safety,money in MQG for the roller coaster ride.

During the GFC I watched aro

Pastcaring
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Re: When to start running a HYP

#145176

Postby Pastcaring » June 12th, 2018, 1:14 pm

I've just looked at WMT,down to around $84 from a top of around $110 at the start of the year,I'll have to pay some attention to it,around a 25--30% drip really grabs my attention.

However there you go,buy 1000 WMT today at $84 and we'll run with a two stock concentrated portfolio.

Use WMT for dividend only,quarterly divi complicates it more.

The IRS has a 15% withholding tax .

For the other guy,sorry I forget your name,forgive my rudeness.

Now I see what you mean by withholding tax.

tjh290633
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Re: When to start running a HYP

#145181

Postby tjh290633 » June 12th, 2018, 1:38 pm

PinkDalek wrote:
tjh290633 wrote:I think that I am more confused than ever. What are Pink marshmallows?


That's the TLF profanity filter in action (think of a 4 letter word, beginning with a and ending in e, along the lines of derriere).

As for the remainder, I don't think the High Yield or otherwise for Macquarie Group Limited, prior to any Australian withholding tax, has been mentioned.

So it's either posterior or fundamental orifice.

In the context it suggests sitting on their? Hands for 25 years. Why the hell couldn't it be said in plain English?

As I understand it, our Aussie friend is claiming that the better option is to buy his favourite company, reinvest dividends for 30 years, then retire to a life of sundowners and fast Sheilas. My friends who worked for GEC and built up a stack of shares, to help their retirement, then found them turned into Marconi and vanished without trace in a very short time, would disagree.

TJH

Itsallaguess
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Re: When to start running a HYP

#145197

Postby Itsallaguess » June 12th, 2018, 2:15 pm

tjh290633 wrote:
As I understand it, our Aussie friend is claiming that the better option is to buy his favourite company, reinvest dividends for 30 years, then retire to a life of sundowners and fast Sheilas.

My friends who worked for GEC and built up a stack of shares, to help their retirement, then found them turned into Marconi and vanished without trace in a very short time, would disagree.


Well, exactly...

Also, go ask JimSusan about Lloyds...

Cheers,

Itsallaguess

Pastcaring
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Re: When to start running a HYP

#145199

Postby Pastcaring » June 12th, 2018, 2:29 pm

I love that insanity,so if you can think of 1 company that went bust that proves that whichever company I pick is going to go bust.

Does it prove that MQG will going bust? Or does it simply prove that Lloyd's went bust.

Here are 4 more companies I own

ANZ

WBC

LLC

SCG.

Now can you give me the names of 4 companies that went bust,then you can fool yourselves that must prove the above companies must be going bust.

Convince yourselves that if Lloyd's went bust,that must prove that wall mart will go bust.

Itsallaguess
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Re: When to start running a HYP

#145201

Postby Itsallaguess » June 12th, 2018, 2:37 pm

Pastcaring wrote:
Convince yourselves that if Lloyd's went bust,that must prove that wall mart will go bust.


I'm clearly not saying that it proves that Wal Mart will go bust...

I'm saying that a highly-focussed investment approach must at all times live with the risk that it might go bust, and hence live with the potential impact of that happening if it does.....

For the avoidance of doubt, I admire your approach if it works for you and you can sleep well at night, but I have to say that it's most definitely not for me.

Cheers,

Itsallaguess

Pastcaring
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Re: When to start running a HYP

#145206

Postby Pastcaring » June 12th, 2018, 2:50 pm

So what exactly are you saying,can you get JimSusan on and we'll ask him/her

Jim what do you think the future holds for MQG.?

Will Jim's answer be" well obviously Lloyd's went bust so that proves that MQG will go bust However it does not prove that WMT will go bust".

I have named a company why the hell would I be interested in what Jim thinks because Lloyd's went bust.

I love that insanity.

Raptor
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Re: When to start running a HYP

#145212

Postby Raptor » June 12th, 2018, 3:01 pm

Moderator Message:
This thread is supposed to be about "when to start running a hyp. Interesting posts but can we keep to the OPs post going forward. Please start a new thread if you wish but this thread needs to get back to its origins. Thanks, in advance. Raptor.

Itsallaguess
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Re: When to start running a HYP

#145214

Postby Itsallaguess » June 12th, 2018, 3:03 pm

Pastcaring wrote:
I have named a company why the hell would I be interested in what Jim thinks because Lloyd's went bust.

I love that insanity.


I think I'll leave it there if you don't mind.

We've strayed well off-topic for both this thread and the High Yield Shares and Strategies Board, so it's probably best for me to call it a day now...

Cheers,

Itsallaguess

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Re: When to start running a HYP

#145662

Postby DiamondEcho » June 14th, 2018, 6:37 pm

Itsallaguess wrote:
tjh290633 wrote:My friends who worked for GEC and built up a stack of shares, to help their retirement, then found them turned into Marconi and vanished without trace in a very short time, would disagree.
Well, exactly...Also, go ask JimSusan about Lloyds...

Or me about Merrill Lynch - grrrr.


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