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Showing content with the highest reputation since 11/24/2019 in all areas

  1. I'm curious if you've reviewed your rationale recently now that the waters have temporarily calmed. Do you still think you were thinking clearly or do you recognize a little bit of the recency bias and nihilism that drove the choices you made here? I'm speaking with regards to: 1. Cashing out your pension (!) 2. Panic selling from a passively managed portfolio (As an aside, who exactly was "trying to take your money"? 3. Staying invested (due to admin inertia) in the RA while thinking there was no way it could recover (I'm curious to know if it did and if so/not what
    3 points
  2. So I recently found myself doing a fee comparison between 10x (I am currently with 10x), Outvest, EasyEquities and Sygnia. Results: The cheapest platform depends on your RA value. Outvest is cheapest once you hit +/- R450k Below that Sygnia is typically cheapest. I made my research results freely available in the form of an interactive calculator. Here it is. https://mymoneytree.co.za/calculator/ra/
    3 points
  3. ETNs: FirstRand have listed 9 Exchange Traded Notes on large US stocks on the JSE (plus one on MSCI World) Google (Alphabet) Amazon Apple Coke Facebook McDonalds Microsoft Netflix Tesla Each stock has 2 codes: With exposure to the USD/ZAR (C) or without (Q). Note that with an ETN you carry the counter-party risk that the issuer will not fulfill its obligations. With FSR/RMB you should be pretty safe, although their market making is less than desirable. Dividends are not paid out but are reinvested and added to the NAV of the ETN.
    2 points
  4. For cellphones, you can download the free version of the TrueCaller App (from Google Play Store) that has very effective spam and advertising blocking capabilities. I've been using it for a few months now and I hardly get spam calls anymore on my cell phone.
    2 points
  5. Knowing what I know now I would do it again. Make no mistake, it could've ended badly but for some reason I had very little doubt that it will work out in my favour. Still scary. 1. Cashing out pension Still happy I did it. We have plans to cash out my wife's as well. We are planning to move offshore for a bit (permanently?) but even if we didn't I have do not have enough faith in our government and Reg 28 to provide us with a retirement. Retirement is still 30 years away though. I'd rather sort it out myself. I would never suggest to anybody to cash out their pension (it coul
    2 points
  6. So ASHGEQ will suspend trading on 9 September and the ETF will be replaced with the Ashburton Global 1200 Equity Fund of Funds ETF (ASHEQF) (also launched on 9 September). This is the new feeder fund discussed in the previous post. (Source: ASHGEQ SENS announcement 1 September 2020) We shouldn't notice any immediate difference in our portfolios, I guess, except the change of code from ASHGEQ to ASHEQF.
    2 points
  7. Nothing with regards to their product offering. Biggest mistake I ever made though was "upgrade" to their Private Client suite which is a bunch of bs. Most of the time you have to phone the relevant department anyway. Bigger deposit can potentially mean better interest rate. If we put the interest rate aside, there should be no difference in repayments between having a R1 000 000 bond with R200 000 in an access facility vs a bond with R800 000 outstanding. The fundamental differences (and take it with a pinch of salt): Access facility means just that, you have access to any e
    2 points
  8. A market maker pays us to send them an order for shares. In return they guarantee execution at the current best price. The market maker can then use the order to get a competitive edge.
    2 points
  9. Morning all, Which JSE broker offers trading in local bonds for private accounts? What are the costs involved? What are minimum trade sizes? Feedback appreciated.
    2 points
  10. Service/Product Description: Many professions, such as Chiropractors and Physiotherapists are required by their governing bodies (eg. Health Professionals Council as well as the Allied Health Professions Councils) to capture a consent form related to the COVID-19 pandemic when they treat their patients. This will create a mountain of paperwork that can easily get lost. [CUE intense music, cloud of smoke] Enter Online Forms - The solution to keep your consent forms and staff registers on a digital platform where they can't get lost and are safe from prying eyes. Simple capture form th
    2 points
  11. 1. See my post above. 2. The NFTRACI should be fairly constant over the short term since it consists of mixed term fixed deposits with predetermined interest rates. However, with the costs, it really isn't any better than a money market account. 3. Tyme bank offers excellent interest rates depending on how long you keep your money there: 6% interest from day 1, 7% after 30 days, 9% after 90 days. 10% if you give 10 days' notice after 90 days. (According to their website. I have some savings money there and have received these rates too.)
    2 points
  12. Personal preference. It's more diverse and it pays dividends (STXWDM is total return) which is minimal but to see a couple of bucks just randomly appear in my account every now and again makes me happy A combination of STXWDM and STXEMG can achieve the same or better as just having ASHGEQ but that's too much thinking work. TLDR; no real reason...
    2 points
  13. Here is a helpful interactive calculator which shows the cheapest RAs in SA for different RA values. Calculate here.
    2 points
  14. Greetings Money has been a cause of concern and i really want to do away with all this anxiety it brings to my day to day. Am always worried of running out but well am not here to vent. Moving on. From my research there are a couple of things i have to get right before i can ensure my finance future. Bank account Savings (Emergency Fund usually then merely savings[a quicker and more accessible sum]) investing The list might not be in its best order nor most detailed form but thats what i know for now(for the sake of this pos
    2 points
  15. I'm no expert but assuming you are far away from retirement age and as per user name you intend to be financially free by 2029, do you really want your money locked away in an RA? Anyway, what I do is this: Max out TFSA first Contribute a percentage to pension (15%) because I can get this money out if we immigrate. Point is: I'll not be force to by an annuity one day and won't be subject to whatever unknown tax regulation there will be one day I contribute a small amount to an RA every month to 1) offset any monies I might owe SARS come tax season and 2) just in c
    2 points
  16. Desperately looking for a pair of Galaxy buds. Hauwei Freebuds Lite are on sale but would prefer Galaxy Buds if there is a good deal.
    2 points
  17. 2 points
  18. A thread on the The money challenge #2019MoneyChallenge Here’s how it works Months are assigned a number from 1-12 Jan = 1 Feb= 2 Mar= 3 And so on to Dec = 12 We then have a multiplier lets 2 and an example. how this then works is you multiply the multiplier by the months’s respective value i.e 2 in the case of Feb. So Feb would be 2 * 2, then you multiply the results by Rands you want to start with, could be for now lets use R100. So in total you would have Jan = (1 * 2) * R100= R200 Feb = (2*2) * R100 = R400 Mar = (3*2)* R100 = 600 And so on till
    2 points
  19. @Njabulo Nsibande @Spreadsheet Ranger @Groovy @SaurusDNA
    2 points
  20. https://www.houseandhome.co.za/cat/Nov19/RSABlackFriday/index.html
    2 points
  21. I will attach all the Black Friday deals to this post, as they become available. Makro-Black-Friday-2020.pdf Incredible-Connection-Black-Friday-2020-Deals.pdf 14595_02_Nov_2020_BF_VERSION 6.pdf Hifi-corporation-black-friday.pdf Vodacom-black-friday-2020.pdf Game _ 28 Black Fridays Week 2 (11 November - 17 November 2020).pdf HiFi-corporation-week-2.pdf
    1 point
  22. It's an absolute bloodbath out there. Will this be a 2008 all over again?
    1 point
  23. Motorists and taxpayers appear set to become the cash cow to enable the government to reduce its percentage of the funding of the multi-billion rand expansion of the Gautrain. Gautrain Management Agency (GMA) CEO William Dachs said on Monday: “We firmly believe the people in cars don’t pay their fair share in terms of the taxes that they pay and the failure of the e-tolls system has perpetuated that problem.” Dachs was commenting on the GMA’s engagement with National Treasury about the sources of funding for the Gautrain expansion project and the need to move people off
    1 point
  24. I've had the same problem with DialDirect. They post me hard-copy adverts nearly every week, and almost daily spam in my inbox, with no unsubscribe option in their mails. I once e-mailed them and asked them to stop, but that simply (seemingly) increased the amount of spam I received. And this has been going on for years!
    1 point
  25. 44% of my monthly investments goes into RA’s and 56% into ETF's. Major portion of all RA’s are invested in the SA stock market. In in my local ETF portfolio I have monthly investments in Satrix Quality SA (2000.00), Coreshares SA Property Income (1500.00) and a TFSA in Satrix Divi Plus (1375.00). As RA’s are heavily invested in SA, should I terminate my monthly investments in all SA ETF’s and increase my contributions to Satrix MSCI World and Coreshares Global DivTrax.
    1 point
  26. Thanks for the shout out. I hear PCF stopped publishing in SA a while ago. Bummer. Cheers. Mars.
    1 point
  27. If it was profitable then yes, sell off and "reinvent" or keep the ones that you do not like/are duplicated and stop contributing to them. It helps if you theme your portfolio meaning: 80% offshore, 10% local, 10% property... or in your case 80% (50% developed markets, 20% emerging markets, 10% tech stocks), 10% local, 10% property. Get the "theme" right so you know what you want to do and then use the appropriate ETFs to do so.
    1 point
  28. Agreed. SYG4IR invests in companies like Tesla, that has never had a profitable year and constantly loses money, but is growing at an amazing rate due to massive investment in the company. It may be true that it is not sound to invest in companies that are making a loss, but the growth potential here is phenomenal, and if Tesla becomes profitable one day, it may become the world's No. 1 company. I guess as long as this type of ETF doesn't make up the bulk of one's portfolio, or unless you have discretionary funds that you are willing to expose to some risk, it's definitely worth ha
    1 point
  29. He's probably right but who cares - it's making me money
    1 point
  30. So let's see: TFSA +28% ETF5IT (42%) ASHGEQ (55%) STXEMG (3%) The growth here was helped by timing the crash and dip earlier this year and time. Portfolio #1 +8% SYGWD (27%) SYG4IR (42%) STXCHN (31%) Portfolio was started after the crash, so gains are partly due to the recovery (maybe?) and the recent growth we've seen over the last week. Portfolio #2 +77% ETFRHO (95%) DCX10 (5%) Ah yes, portfolio 2. Otherwise known as my **** around portfolio. Growth is largely from past performance
    1 point
  31. Have you tried SA Home Loans? It's their business and in my experience they will beat any quote (at least from everyone I've spoken to, including my own experience.) My wife and I have a joint home loan and we're now paying 6.75% and that's with her having her own business (not salaried).
    1 point
  32. So finally I've decided to start a thread dedicated to Motus. Motus listed on 22 November 2018. They used to be part of the Imperial Group, but split last year. Motus is now the official importer of Hyundai, Kia, Renault and Mitsubishi in South Africa and include these dealerships. They also run Tempest and Europcar car hire. As a new company, it's still hard to find detailed info on them, so I thought the thread would be a good idea. Their official website is here: https://www.motuscorp.co.za/
    1 point
  33. 1 point
  34. Hi Just a few things you may have missed: When buying or selling a share, you must pay brokerage and Strate fees, and VAT is levied on these costs. Then there is securities transfer tax of 0.25% which is levied on every transfer of a security (both buying and selling). The Newfunds Govi ETF is a total return ETF. All dividends are reinvested in the fund and not paid out, so the return you get is inclusive of dividends. Thus, dividends should be excluded from your calculation. Finally, the NFGOVI is still subject to volatility and isn't guara
    1 point
  35. Thanks Bandit. Certainly gave me something to look into.
    1 point
  36. I ****ing love Clear Access. 24/7 support and I can count on my one hand the amount of times we've had real issues.
    1 point
  37. R44.80 now.... I have like R500 left over in my one account due to a mis timed cancelled debit order. So I reckon once Sasol reaches 9c...
    1 point
  38. Is this how the next financial crisis starts?
    1 point
  39. You can also have a read through this thread, for some more insights:
    1 point
  40. An alternative would be to buy the FirstRand US Dollar Custodian Certificates ETF (DCCUSD). As far as I understand it, it buys US treasury bonds in Dollars and settles them (as well as the interest) in Rands, so you get the full effect of the fluctuation in the exchange rate on all your money plus the additional interest on bonds, making it slightly more lucrative than investing in the actual dollar.There is an article on it on JustOneLap: https://justonelap.com/etf-understanding-dccusd/
    1 point
  41. How do fees compare in 10x RA vs OUTvest RA? Does it make more sense to stay with the same provider? Eg, if one has a TFSA with Easy equities, does it make sense to go with Easy RA ?
    1 point
  42. 1 point
  43. In simple terms, it's a forum where people can ask financial questions and others do their best to answer them for you.
    1 point
  44. Black Friday will take place Friday, 29 November 2019. When you come accross good Black Friday deals please post them there I will keep a list in the OP with all the good deals and participating stores. Please post what items you are looking for then we can all look around for deals on the day. Personally I would like to buy a 55" to 65" TV and whatever MTN deal is good this year. Companies participating in Black Friday 2019: Takealot: https://www.takealot.com/promotion/bluedotsale OneDayOnly: https://www.onedayonly.co.za/ Wootware: https://www.wootware
    1 point
  45. I'm in. I'm fortunate enough to be saving biggish amounts already but it would be nice to see this grow in an account of its own. I have not used up all of my Tymebank allowances yet (very far from it to be honest) so one of those goal saves will be reallocated to this.
    1 point
  46. Is it just me or does the deals from Vodacom look like they inflated the price, not very impressed.
    1 point
  47. I saw an interesting tweet from Simon Dingle saying it has to do with pressure from JP Morgan Chase. Here is the tweet: Surprising that this hasn't been reported on, but the real reason @FNBSA is closing down cryptocurrency exchange accounts is simple: because JP Morgan told them to. This has nothing to do with AML, and everything to do with anti-competitive moves by a US bank. FNB is a JP Morgan corresponding bank and JP Morgan has its own blockchain projects. They have a stance against true, decentralised cryptocurrencies like Bitcoin and, like Ameri
    1 point
  48. Are the deals MTN are going to have on Black Friday in-store only or online as well? I don't want to stand in a queue if I can click buy on the website for the same deal.
    1 point
  49. Hi janvdwest I'm not a tax expert, but the way I understand the tax on trading is as follows: When buying or selling a share, you first pay brokerage and Strate fees (which are not taxes), and VAT is levied on these costs. The first direct tax you pay is the securities transfer tax of 0.25% which is levied on every transfer of a security. When you sell a share at a higher price that you bought it for, only the profit is considered to be capital gains (not the whole proceeds of the sale). The first R40,000 of capital gains you make per year is ex
    1 point
  50. If you do go TFSA make sure it is money you are saving for retirement (when you're 65 or something). You don't want to withdraw from it to buy a car etc.
    1 point
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