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FINANCIAL CHRONICLE™ » FINANCIAL CHRONICLE™ » How would I invest my money?

How would I invest my money?

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21How would I invest my money?  - Page 2 Empty Re: How would I invest my money? Fri Jun 10, 2011 10:27 am

milanka


Vice President - Equity Analytics
Vice President - Equity Analytics
@Gaja wrote:Quibit, can you lend your uncle to me who is willing to donate 10 Mn

Hope Aunty would agree to lend the uncle as Gaja pointed out since the full authority is with her on uncle's matters.

http://forum.srilankaequity.com/u188

22How would I invest my money?  - Page 2 Empty Re: How would I invest my money? Fri Jun 10, 2011 10:32 am

Quibit


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@Gaja wrote:Quibit, can you lend your uncle to me who is willing to donate 10 Mn

Hey Gaja,

I am sure you would have looked at the tax benefit of my strategy. I would be able to get a tax direction from the Inland Revenue exempting me from income tax coz I can set off my interest income against loan interest. Capital gains on shares are tax free and if I sell my house it will be tax free coz it's my first real estate transcation. My house rental income and car rental income is undeclared!!

Btw
I will be renting my car only to the foreigners who would be coming to stay at ground floor of my house. I might event go to airport and pick them up and also derop them when they leave. Also my house will have two seperate entrance. So I could continue to moderate the forum without getting disturbed.



Last edited by Quibit on Fri Jun 10, 2011 10:34 am; edited 1 time in total

23How would I invest my money?  - Page 2 Empty Re: How would I invest my money? Fri Jun 10, 2011 10:33 am

Tiger


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
Hi Quibit, I will send my application to you soon for an interview. Embarassed

24How would I invest my money?  - Page 2 Empty Re: How would I invest my money? Fri Jun 10, 2011 11:20 am

Gaja


Associate Director - Equity Analytics
Associate Director - Equity Analytics
@Quibit wrote:
@Gaja wrote:Quibit, can you lend your uncle to me who is willing to donate 10 Mn

Hey Gaja,

I am sure you would have looked at the tax benefit of my strategy. I would be able to get a tax direction from the Inland Revenue exempting me from income tax coz I can set off my interest income against loan interest. Capital gains on shares are tax free and if I sell my house it will be tax free coz it's my first real estate transcation. My house rental income and car rental income is undeclared!!

Btw
I will be renting my car only to the foreigners who would be coming to stay at ground floor of my house. I might event go to airport and pick them up and also derop them when they leave. Also my house will have two seperate entrance. So I could continue to moderate the forum without getting disturbed.

No better you tell your financial institutions to deduct 8%, W.H.T on Interest Income, then most of the incomes are exempted or subject to tax on INCOME TAX FILE, NO DIRECTION AND NO REFUNDS from I.R.D from 01.04.2011, since you are going to keep the rental income undeclared, also not whether its 1st real estate transaction or not its exempted from income tax since its capital gain ( but if you do it regularly it will take the nature or revenue transaction then will bring all kind of taxes )

Also note that since Gift Taxes abolished in Sri Lanka, with out fear you can gift your uncle to me

Better you form this as a company and list it after sometimes you can list in the CSE, and don't forget to type a note in the previous day night of open for subscription and send it in the morning. - i think by this you can get huge tax free profit, since disposal of private equities held for more than 2 years also exempted from IT

25How would I invest my money?  - Page 2 Empty Re: How would I invest my money? Fri Jun 10, 2011 11:37 am

topgear


Stock Analytic
Stock Analytic
I seriously learned alot on taxation here! Smile
Just can't seem to find that uncle, you know... What a Face

26How would I invest my money?  - Page 2 Empty Re: How would I invest my money? Fri Jun 10, 2011 8:27 pm

swan03


Vice President - Equity Analytics
Vice President - Equity Analytics
@milanka wrote:
@Gaja wrote:Quibit, can you lend your uncle to me who is willing to donate 10 Mn

Hope Aunty would agree to lend the uncle as Gaja pointed out since the full authority is with her on uncle's matters.


LOL!

27How would I invest my money?  - Page 2 Empty Re: How would I invest my money? Fri Jun 10, 2011 10:04 pm

chamith

chamith
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
I would say you should go with the trend.

Take your 10mn + Your potential rich boyfriend's money + Your richest friend's money and put everything into one CDS A/C. And the get a margin facility for that. So you should have about 60 to 70 million buying power now.

Now take a forgotten share and slowly slowly collect it for 1 week. Dont let the price to go up when you buy. Just dump your stake if price try to be funny. Now since you have collected the particular share enough, Wait for a green day and buy the whole order book with a 50% up buy order.
Hold it on for few days. And then you know what to do. Dump your stake into poor retailers.

Now you must have made more than enough money to even dump your rich boyfriend.

28How would I invest my money?  - Page 2 Empty Re: How would I invest my money? Fri Jun 10, 2011 10:20 pm

chamarahs


Manager - Equity Analytics
Manager - Equity Analytics
Very Happy

29How would I invest my money?  - Page 2 Empty Re: How would I invest my money? Sat Jun 11, 2011 10:18 am

Rocky

Rocky
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@chamith wrote:I would say you should go with the trend.

Take your 10mn + Your potential rich boyfriend's money + Your richest friend's money and put everything into one CDS A/C. And the get a margin facility for that. So you should have about 60 to 70 million buying power now.

Now take a forgotten share and slowly slowly collect it for 1 week. Dont let the price to go up when you buy. Just dump your stake if price try to be funny. Now since you have collected the particular share enough, Wait for a green day and buy the whole order book with a 50% up buy order.
Hold it on for few days. And then you know what to do. Dump your stake into poor retailers.

Now you must have made more than enough money to even dump your rich boyfriend.

I think you have forgotten something else.
You have to get two brokers to spread the news and misinform the new investors and more gullible fellows!

30How would I invest my money?  - Page 2 Empty Re: How would I invest my money? Sat Jun 11, 2011 10:26 am

Gaja


Associate Director - Equity Analytics
Associate Director - Equity Analytics
hybrid_OS wrote:
@chamith wrote:I would say you should go with the trend.

Take your 10mn + Your potential rich boyfriend's money + Your richest friend's money and put everything into one CDS A/C. And the get a margin facility for that. So you should have about 60 to 70 million buying power now.

Now take a forgotten share and slowly slowly collect it for 1 week. Dont let the price to go up when you buy. Just dump your stake if price try to be funny. Now since you have collected the particular share enough, Wait for a green day and buy the whole order book with a 50% up buy order.
Hold it on for few days. And then you know what to do. Dump your stake into poor retailers.

Now you must have made more than enough money to even dump your rich boyfriend.

I think you have forgotten something else.
You have to get two brokers to spread the news and misinform the new investors and more gullible fellows!

hybrid, one you told the broker that you have 100 million, no need to worry they them-self will tell retailers that there is a big investor with billions come to the market, and you know what will follow

31How would I invest my money?  - Page 2 Empty I need more advice Thu Aug 11, 2011 10:26 am

sweet_kathi


Stock Trader
I have been receiving money from my aunt who lives abroad , she sent me money through my friends

But upto now i have no legal document to prove that i took money from her, i directly went n deposited the at once in the bank
Now i have to prove that i got this money from my aunt to the income tax department.
How to get it done ?
Please advice me... im facing a serious issue

32How would I invest my money?  - Page 2 Empty Re: How would I invest my money? Thu Aug 11, 2011 8:52 pm

CHASE

CHASE
Manager - Equity Analytics
Manager - Equity Analytics
@sweet_kathi wrote:I have been receiving money from my aunt who lives abroad , she sent me money through my friends

But upto now i have no legal document to prove that i took money from her, i directly went n deposited the at once in the bank
Now i have to prove that i got this money from my aunt to the income tax department.
How to get it done ?
Please advice me... im facing a serious issue

as long at you are getting a normal amount from aunt & you can prove your friend traveling frequently it wont be a problem. get a letter from your aunt that she's sending money to you. max they'll charge normal tax on interest. without more details I cant say more. same kind of thing happened to one of my friend but it din't be a big issue.

33How would I invest my money?  - Page 2 Empty Re: How would I invest my money? Fri Aug 12, 2011 12:25 am

ashlee


Manager - Equity Analytics
Manager - Equity Analytics
@Chabbi wrote:
@Dreamer wrote:Man!!When did this forum become a MATRIMORNIAL forum?? tongue

Exact what i thought ...... LOlzz..... Any one willing to accept my application...............................Bt Sorry for tht grl Sad

But
K) I will get occupy the 1st floor of the house and rent the ground floor of the house. I would rent this to foreigners who are coming for holidays. Since there is a acute shortage of Colombo hotel rooms, I would be able to fletch a good rate and repay part of my housing loan from the money I am receiving from the rent. I will target to rent the ground floor for Rs 50,000 per month. This will give me Rs 600,000 per annum and it will be equal to almost 8% return on my investment. Cost of my loan is only 10% p.a therefore my incremental cost would be very little.>


I would highlight this part ... I dnt knw how u calculate 8mn house in colombo and Rs. 50,000 rent income... as i knw in colombo if you want rent house for 50,000 per month. it should be above minimum 12mn... even-tough it is very hard to find... further more your trying to occupy with foreign family ......... This makes me LOLZZZ.... with my knwledge its very hard target buddy ....

But ur entire life is rotate with Interest... which i dnt like.... but any way different approach .....

Cheerz

Well I have to agree on that.. To get 50k rent from renting out one floor, you need to have a house in a place not below 'posh' than Nugegoda.. You need atleast 3 rooms as well.. I think that part is quite unrealistic..

34How would I invest my money?  - Page 2 Empty Re: How would I invest my money? Fri Aug 12, 2011 8:50 am

Soundchips


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
If i have more funds for medium term.... CSE is the most attractive now. ...

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