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Showing content with the highest reputation since 03/06/2020 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 have been planning my Tax Free Investment Account portfolio for 2021 and this is what I've decided to buy in the year ahead in terms of my ETF picks: Composition: 70% Offshore Equities 20% Local Equities 10% Local Property My portfolio will then look as follows: Offshore (70%): ASHEQF: 25% STXEMG: 25% STXNDQ: 10% SYG4IR: 10% Local (30%): STX40: 7% NFEMOM: 7% STXQUA: 7% CSPROP: 10% The local picks may seem strange at 7% each, but I cannot deci
    2 points
  3. It's that time of year again - albeit a very unusual year! So my personal top five stock pics for next year are as follows (in order): #1) DGH (Distell) - This one's share price has been hammered by the lockdowns and stocks are dirt cheap. But drinking never stops and eventually, sales and profits always return. This company is also huge and very resilient. If I had to choose just one stock for the coming year, it would be this one. #2) APN (Aspen) - With an agreement to produce a COVID vaccine, the exposure to this company should be massive once they
    2 points
  4. 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
  5. 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
  6. 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
  7. 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
  8. Just a update on ASHGEQ: The proposed restructuring was approved by the majority of shareholders.This means that ASHGEQ will now become a feeder fund (owning the ETFs that make up the index rather than owning the individual companies). So while the index will remain exactly the same, the management costs and TER for ASHGEQ should now come down significantly. The individual constituents comprising the S&P Global 1200 Index are: iShares Core S&P 500 ETF iShares MSCI Europe UCITS ETF EUR Dist iShares S&P/TSX 60 Index ETF iShares Core TOPIX ETF iSh
    2 points
  9. He's probably right but who cares - it's making me money
    2 points
  10. 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
    2 points
  11. So this year, the markets have gone crazy, but not altogether bad from an ETF point of view. However, the more the markets do wild things, the more I've been inclined to go for vanilla ETFs. I think I've only made one or two big changes since last year, namely selling my Coreshare's SMART ETF in favour of the Satrix Top 40, and then reducing my allocation of property (CSPROP) from 25% to 15% (I didn't sell - I'm just not buying at the moment until it's less than 15% of my total portfolio.) I used the extra 10% allocation from property to buy Satrix Nasdaq (STXNDQ). So a
    2 points
  12. 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
  13. 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
  14. 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
  15. 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
  16. 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
  17. 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
  18. The 70% equities, 20% property and 10% interest bearing is the classic split. But yes, I suppose 10% dividends would make it 80% equities. But there's certainly nothing wrong with 80% equities! I'm torn between STX40 and SMART. I really like a 50/50 split between these two. PTXTEN is now merging with PTXSPY to create a new ETF (tentatively coming into effect from end July 2019). The new one is pretty much the same index as the Satrix STXPRO. Coreshares has promised to lower the relatively high TER with the merge (probably to compete with STXPRO). But you may a
    2 points
  19. Haven’t seen a post under here for a while nor have I said anything for a while... Anyways- I’ve decided to give my ETFs some serious thought and this is what I’ve come up with (I’m open to all suggestions). I want my overall exposure to be 70% local and 30% offshore. Then, under both local and international holdings I was thinking about having 70% equities, 20% property and 10% dividends. Or not including the dividends because most of these would be under equities anyways and then having maybe a 80/20 split? For local: Satrix Top 40 and maybe the Coreshares Smart (equally weighted) - I k
    2 points
  20. Never heard of it. For a high frequency trading bot I have setup Hummingbot which is created by traders for traders, and is open source and created with python. You can run it on your PC, or what I did was setup an instance on Amazon that can stay on 24/7 and trade. Hummingbot can connect via API to all the big exchanges, and I also have it setup to connect to ice3 locally. You can do Pure Market Making, Cross Exchange Market Making, Arbitrage etc. all the usual stuff. There is a bunch of great youtube videos by the guys who made it where they show you how to use its fe
    1 point
  21. Well, once again, Rhodium was on a different planet to everything else, with the 1nvest Rhodium ETF (ETFRHO) delivering growth of 187.1%. Originally, the reason for the stellar growth of Rhodium was the change from platinum catalysts to rhodium in the auto industry, but now I suspect that it is purely momentum. I wonder how long this can go on. Every year, I think the performance cannot be repeated and then each year is better than the last. It's kind of like Bitcoin at the moment. It could collapse at any time or could go past the moon. The top 10 performing ETFs in South Africa t
    1 point
  22. If you have the Capitec app already, make sure you have the latest version. Visit the App Store or Play Store and give that Update button a tap. Once you have the latest version of the app, log in and navigate to where it says ‘Explore’, then select ‘Widgets’. You’ll then select EasyEquities and go through the process of either linking your existing EasyEquities account or creating a new one.
    1 point
  23. Ja nee what a load of bull. Fuel tax, emissions tax, annual road tax but most importantly - FUEL TAX. You get that they want to build a "first world country" but to do that you need a tax base that can support it and for that to happen you need to give people jobs so that they 1) contribute to tax and 2) not rely on grants. Before you can do any of these projects that require tax money - get people to work. Attract foreign investors, give them tax breaks or some sort of incentive to setup shop here and employ South Africans.
    1 point
  24. 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
  25. 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
  26. 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
  27. Thanks for the shout out. I hear PCF stopped publishing in SA a while ago. Bummer. Cheers. Mars.
    1 point
  28. Hi all, new to all of this and would like some advice. Started filling up my TFSA and it looks like this at the moment. ASHGEQ - 40% STXEMG - 15% GLPROP - 10% CTOP50 - 10% NFEMOM - 15% SYG4IR - 5% STXNDQ - 5% I'm thinking about changing it to this: STXWDM - 50% STXEMG - 20% GLPROP - 10% NFEMOM - 10% ETF5IT - 10% Thoughts? Sell off ASHGEQ, CTOP50, SYG4IR and STXNDQ at a profit (covering the costs) and reinventing it.
    1 point
  29. Thanks for this @SlimArchi Sorry if this is a bit of a thread necro. Is there anybody out there that could explain the figures for tax liability with a practical example of say the following scenario in a tax year: I earn ZAR 1 million from my normal salary. (Number chosen just for ease of calculation, I wish I made that Further, I earn ZAR 800k from US domiciled etf dividends (from let's say SPYD,VOO,SPHD,etc) and another 200k from REITs, (thus together totaling another ZAR 1 million). (From what I understand and have seen, because the US has a tax trea
    1 point
  30. Yes, you can either phone the bank and ask them to take an debit order of X Rand each month (X being any amount you choose) or you can just EFT a higher amount.
    1 point
  31. Once you've already got the bond, you're in a much better position to negotiate as it's much easier to move a bond than to get a new one. My Colleague and I approach the banks every five years to see if anyone's interested in our bond. Last year, my Colleague moved one of her properties that she has had for 5 years from a bank to SA Home Loans. They waived the admin fees, so the only fees my Colleague had to pay was the bond costs, and that they included in the bond. They dropped her interest rate by 2%, since she was above prime rate with the other bank.
    1 point
  32. 1 point
  33. You'll want income, disability and severe illness cover regardless of how old you are. If something happens you want to be able to maintain your lifestyle. Life doesn't really care for your age or relationship status and after it's run a number on you and if you are still alive you'll want money. Life cover is for when you die (for the most part). Basically - make sure your debt is covered and nobody else gets stuck with it. If you have no family...well... yeah. It's not expensive though.
    1 point
  34. Hi all. Would you say it’s advisable to get life insurance products, if you currently do not have any dependents. Does the whole argument about getting it while you’re still young and healthy for lower premiums actually hold water?
    1 point
  35. 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
  36. Thanks Bandit. Certainly gave me something to look into.
    1 point
  37. Introducing the Platinum Wealth and EasyEquities TFSA Basket What is a Tax-Free Savings Account (TFSA) A Tax-Free Savings Account (TFSA) and a Tax-Free Investing Account (TFIA) is exactly as the name says, it offers you a means to save and invest without having to pay income tax, dividends tax or capital gains tax on the returns from these investments. The government introduced Tax-Free Investments as an incentive to encourage household savings. This incentive became available on 1 March 2015. How does a Tax-Free investment work? You can only contribute a maximum of
    1 point
  38. You can open an account with Easy Equities, no need to use the bank's version. Once you sell equities (outside of a TFSA) it triggers a tax event. Which tax event depends on many things and if you can find a definitive answer I'd be really interested to know myself. The general "guideline" is that if you held the equities for three years or more the gains will count towards CGT (this is where the yearly exemption comes in) and if under three years it is seen as trading and taxed under Income Tax which means it is added to your annual income and you are taxed accordingly c
    1 point
  39. 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
  40. I'm hodling (using bitcoin terminology). I haven't sold anything, and I will buy my R3000 TFIA on the 25th as usual. Rand-cost averaging, I suppose. It will go up again - it always does. You own the shares, whether high or low. You only make a loss if you sell low.
    1 point
  41. What are you guys doing with your TFSA's ? I saw Bandit cashed out. What are the rest of you up to ? Riding it out, or pumping more money into it ?
    1 point
  42. **** poor management and the Saudis? Although I reckon OPEC was just the straw that broke the camel's back.
    1 point
  43. 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
  44. 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/
    1 point
  45. 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
    1 point
  46. For RA's, I'd go for a company like Allan Gray or Alexander Forbes. Companies like Old Mutual , Sanlam and Liberty Life are also reputable, but their fees tend to be higher and their returns lower in my experience (although you should do some research first to verify the facts.) I think Bandit has hit on something very, very important. If you see a financial adviser, the first thing they will try and do is sell you life insurance, because the commission on that is huge compared to the commission on an RA. Don't give in - tell them you want an RA and nothing else at this
    1 point
  47. 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
  48. For a while now I've been asking the question: "What percentage of my TFIA ETFs should be in 'foreign' indices?" Some people will immediately say "Put everything in foreign indices - the Rand is going to collapse or South Africa is going to be downgraded to junk" etc. And yet, the experts will typically tell you to put only 30% to 40% in foreign ETFs and the rest in local indices. So I've done a ton of study to find out why and the results surprised me - so much so that I have now changed the desired weightings of my TFIA ETF portfolio to allocate a greater percentage to local ETFs
    1 point
  49. 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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