This month is income tax month for everyone, due date for submission of your income tax is end of April. As usual i compiled my income tax like everyone do and did it almost last minute. I just filed my income tax through e-filling which i started doing so since last year, find it quite convenient. The biggest headache for me is to understand the re-gross thing on my dividends which i have been collected since the whole year of 2007, where the corporate rate for year 2008 has been reduced to 26%. To my surprise when i work out the calculation, the re-gross will in turn to our disadvantage. Last year indeed is my harvest year, i collected the highest dividend that i ever had and is all time high of my investment so far. The dividend collected over my principal investment is approximately about 8% to 9% which indeed is a good return compare to FD rate, this has not factor the appreciation of share price. Certainly will look for more if market permit for year 2008.
2 comments:
hi horse,
seek for some advise regarding the PBB, i aslo hv 2 lots of this super stk(brought @ $7.50 2.5 yrs ago), i saw u hv profit taken quite a number of other good stks like gtg, resorts, IOI corp...yet u still patiently hold on PBB in such long term tht hv earne u such abnormal high profit(compounded interest is more than 35% !!); any specific reason for not profit taking & what is your desired selling price on this stk ?
hi anonymous,
to be frank, i'm not going to sell PBB for whatever reason. i expect PBB going to have another good year run, take a look of it 1Qtr profit which give a whopping 51% increase, potentially with the generousity of the owner of PBB giving out high dividend lately (this few years) i expect another good div sometime in 2Qtr around July approx. 25%. Why slay a goose that lay golden eggs ??? In fact $7.5 is very good price u bought, just keeping it till the goose can't lay eggs anymore, then only decide whether to slay it or not. My average price for PBB is around $1.30 each after all div and bonuses received, 2 more years with consistent div payout, i'm practically getting all my capital back, so no hurry to act on this stock hastily. With average price of $1.30 comparing current price, my actual return stood about 800%...see what u get here!!! Thus, i don;t see a need for u to sell yr PBB which u gotten them at such a low price $7.5...keeping this kind of grow stock will definitely never fail you unless the purpose no longer exist....
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