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My 1st day trading on the ASX!
- Thread starter wilto
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tinhat
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Hi - sorry, made an error with my grossed up dividend calculations - it was late at night 
. For a 15% tax rate to gross up the dividend for franking credits you would divide the dividend (or yield) by 0.7 and multiply by 0.85.
Example:
GZL dividends in FY12 18c per share
(18 / 0.7) x 0.85 = 21.9
To gross up the yield of 8.65%
(8.65 / 0.07) x 0.85 = 10.5
. For a 15% tax rate to gross up the dividend for franking credits you would divide the dividend (or yield) by 0.7 and multiply by 0.85.Example:
GZL dividends in FY12 18c per share
(18 / 0.7) x 0.85 = 21.9
To gross up the yield of 8.65%
(8.65 / 0.07) x 0.85 = 10.5
pixel
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not quite, tinhat;
you multiply the yield by 1.214
results may be pretty close, but in the interest of accuracy, you multiply by 0.85 and divide by 0.7
PS: oops - I see you noticed yourself
Julia
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Wilto, I'm a bit confused by your screenshot.
It says "Market Value $56,647" Change since last valuation % $50,852 : +877.52%" ?????
And the way the individual stocks are shown seems odd. I'd normally expect to see your buy price, the quantity, the then capital value, then the $ and % rise or fall, then the current total value.
It says "Market Value $56,647" Change since last valuation % $50,852 : +877.52%" ?????
And the way the individual stocks are shown seems odd. I'd normally expect to see your buy price, the quantity, the then capital value, then the $ and % rise or fall, then the current total value.
My super has that screen , but it is quite lengthy, I'll try and post some thing else soon.
CanOz
Home runs feel good, but base hits pay bills!
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Julia
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That would be good, wilto, but you're under no obligation, of course.
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Timing seems to be pretty good.
There are not that many financial crises like this one and this one is pretty much solved with all the monopoly money.
May want to start exiting when inflation suddenly starts to rear it's head all over the joint!
There are not that many financial crises like this one and this one is pretty much solved with all the monopoly money.
May want to start exiting when inflation suddenly starts to rear it's head all over the joint!
Julia
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Do you really believe that?
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Yes.
But you need to understand the definition of crises.
There are many of course, especially if you are a politician.
A crises will morph, mutate change from black to white and every colour in between depending on the hardness and softness of your cushion.
The machine has been very well oiled and is running beautifully again.
The glass is half full to be sure and should stay that way for some time.
"Have you seen the chart?
It's a hell of a start,
It could be made into a monster,
If we all pull together as a team"
It could be made into a monster,
If we all pull together as a team"
Well Let me be first in line, What's the second requirement?
tinhat
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Yes.
But you need to understand the definition of crises.
There are many of course, especially if you are a politician.
A crises will morph, mutate change from black to white and every colour in between depending on the hardness and softness of your cushion.
The machine has been very well oiled and is running beautifully again.
The glass is half full to be sure and should stay that way for some time.
"Have you seen the chart?
It's a hell of a start,
It could be made into a monster,
If we all pull together as a team"
By the way, which one is Pink?
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I want to believe!
So_Cynical
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LOLs at the annualized gain...bit of a silly feature.
You know wilto you would of probably done just as well putting your money into that ANZ market tracking account, would of cost you a lot less in brokerage for roughly the same result.
http://www.anz.com/personal/investing-super/shares-managed-funds/online-investment-account/
Without working it out, I believe this is an "annualised gain." Which, as you pointed out is a bit silly considering it is based on only two days worth of performance.
You on a commish from anz?
Hey who cares, I got it for free, i'm sure you can relate too that.
So_Cynical
The Contrarian Averager
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Err no...just pointing out that ANZ have a cheap index tracking fund, your shares have gone up a little and the index has gone up a little = same result less brokerage x 12
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