Jump to content

Leaderboard


Popular Content

Showing content with the highest reputation since 02/21/2019 in all areas

  1. 3 points
    Good day all, Our questions 1) If we need R50k a month to survive when we retire how much do we need to have invested in total ? 2) If the South African government implemented prescribed investments would it affect any investments which are not RA's ? Any input would be greatly appreciated. Have a great weekend all. Sideways
  2. 3 points
    While there is certainly merit to the argument that on average, in the long run, passive investments perform at least as well as, if not better, than actively managed investments, the funds in which Momentum has invested your money (ie. Allan Gray, Coronation, Investec etc) have had phenomenal performance since their inception, and they are certainly not just your average actively managed funds. These funds are among the best South Africa has to offer with returns beating the benchmark year after year. Also remember that offshore has its (important) cons as well as its merits. While offshore investments may serve as a Rand hedge, they simply cannot keep up with our inflation. Even with the annual average 4% drop in the Rand, the 2-4% growth typical of global growth, even when combined with Rand depreciation, does not usually beat South Africa's 6.5 - 8% inflation. South African markets do tend to perform a few percent higher than inflation though, and I'm pretty sure that if you look at your Momentum fund returns, you're probably close to 11% annual return over the past 10 years after the 2% costs have been deducted, even though the market has been flat. In every/any chosen period longer than 10 years (10-years, 15 years etc) South African investments have beaten the offshore average, even when compounded with Rand depreciation. I'm wary of moving too much money offshore. Consensus at the moment is that 30-40% of your money offshore presents the optimal risk to reward ratio. Also bear in mind that 30 -35% of your Momentum fund is already invested offshore. If it were me, I'd keep the bulk of the money with Momentum. Especially since you're 55, the actively managed approach, which switches between bonds, stocks and cash as the market fluctuates, decreases your risk significantly. The good thing about managed funds is that they limit the downside, while they may underperform passive investments slightly during strong bull markets. At 55, preserving your wealth is definitely more important than high-risk growth. So yes, I personally do believe that moving your Momentum investment to passive investments would be a mistake in your case. If it were me, I'd keep the R5.5M right where it is! (The extra R2M is only a quarter of your portfolio so it seems a reasonable amount to put in the higher risk passive funds as you have done.)
  3. 2 points
    I wouldn't say there are too many duplicates, just looks like a shotgun approach. PTXTEN and GLPROP gives you worldwide property exposure - shap! SYG4IR and STXNDQ are "niche" funds with very good potential - shap! The Top40 and Quality SA ones are somewhat of a duplication. Global DivTrax is a subset of the S&P 500. MSCI World Already contains a lot of the top US stocks (S&P500) as well. Not saying you should but you could combine all three of those into the MSCI World OR combine those three and the Emerging Markets one into ASHGEQ which contains developed and emerging market shares from around the world. You also may want to consider the cost of rebalancing your portfolio. Unless you have a real need it is probably better to just stop funding some of them and carry on funding just the select few you wish to carry on with. But there are various factors like the amount of funds allocated to the ETF, the TER of those extra ETFs, the transaction costs involved, potential tax implications etc. That said, I've done it a couple of times when I started out and lost a couple of Rand in the short term Disclaimer: Personally I hold the following in two investment accounts: Regular ETF Portfolio Global Divtrax (stopped funding in favour of CSP500) Global Property S&P 500 and TFSA S&P 500 (stopped funding in favour of MSCI) MSCI World Nasdaq 100 So I carry duplications myself but in my case I don't think it is worth selling off the one just to move it to the other. I'll take another look at it again the end of the year (or if Trump does something stupid even by his very low standards). You may (or may not, probably not) note that I do not carry any SA shares in either of these, that's because I have an RA, Pension and a bond all heavily exposed to South Africa. I do hold a bit of funds in a Rhodium ETF and a bit of crypto but these are very small amounts, which sucks since Rhodium is up 47%
  4. 2 points
    Today marks 422 days approximately until the next bitcoin 'halving', where the amount of bitcoin that is able to be mined every day is cut in half forever. The approximate date will be 24 May 2020. After previous bitcoin booms and busts in the hype cycle the uptick in the price has started to show improvement around 500 days before the halving. We are past that point, so I am hoping that there will start to be a slow steady increase in price again like there has been before. Lets see if history will repeat itself once again. The Bitcoin block mining reward halves every 210,000 blocks, and this time the coin reward will decrease from 12.5 to 6.25 coins approximately every 10min in May 2020. Usually there are guys who anticipate the increased demand and the price increase that responds to the demand, who buy in advance so that they can sell when the real frenzy starts at a great profit. I would bet that if things go like they have gone in the past, people will buy up bitcoin leading up to the halving, and might even dump a bunch before the actual date, before other guys get a chance to do the same thing. Lets see how it all plays out...The price of bitcoin on 28 March 2019: $4098 (according to coin market cap) EDIT:
  5. 2 points
    Yes, firstly, don't overdo it with too many ETFs. Just pick a few core ones and stick with them. Otherwise you just end up with higher costs, duplication of stocks and possible over-exposure to certain stocks that is hard to control. Secondly, pick a good mix of local, international and property shares to spread your risk. If you want to stay with Satrix only, I'd recommend something like the following portfolio split: Satrix 40 (STX40) : 40% Satrix MSCI World (STXWDM) : 40% Satrix Property (STXPRO) : 20%
  6. 2 points
    We actually wrote an article about this a few months ago. https://platinumwealth.co.za/insights/finance/building-an-emergency-fund/ One thing I would add is to look at Tymebank (we have them online if you have questions @TymeBank Team) If you use them as an emergency fund you will be earning more interest than any other bank in South Africa. With that said, personally, I do a 32-day notice account + credit card (if the funds need to be accessed right now) and then can be paid back from the notice account.
  7. 2 points
    Just registered and I must say,I am impressed with their steps of registering.so thank you Tyme Bank.
  8. 2 points
    Nice. Do we have any PW Telegram groups btw?
  9. 2 points
    What a bank I like everything about tyme to bank
  10. 2 points
    Any business with a concern about efficient and costs effective telecommunications should investigate porting over to a VOIP solution. If you have a reliable internet connection such as ADSL/VDSL, 3G/4G or Fibre, you can get a phone service delivered through your internet connection at a fraction of the cost compared to using a traditional Telkom landline. The most important takeaway from this article is that a VoIP system reduce costs, dramatically. Why will a VoIP system reduce my costs of my Telkom bill? A VoIP service provider does not require its own separate infrastructure like the PSTN of Telkom. Voice calls are simply transmitted over the same networks that power the Internet. This means that the ISP does not have to invest significant capital in laying phone lines to each and every house and business. VoIP is essentially piggybacking on the existing broadband network throughout South Africa. So, voice is treated exactly the same as normal data and media such as text and images on the Internet (like a Whatsapp). Just like sending email and pictures is practically free, voice calls also become extremely cheap. Can I move my telephone number if we change offices? Anyone who has moved a landline from one home to another knows the pain of dealing with Telkom. With VoIP, the phone number is no longer associated with a single device, residence or physical line, instead the VoIP phone number is associated with you and your account. This enables you to take the number with anywhere you go, and you can even use it to link your cell phone to your business or office – it’s a virtual number. Who is the cheapest VoIP provider in South Africa for my business? Skype has three packages For R57 per month you get 100 minutes to any South African mobile or landline number (effectively R 0.57 per minute) For R99 per month you get 400 minutes to any South African mobile or landline number (effectively R 0.24 per minute.) Then for R285 per month you get unlimited calls to any network and landline. Vox Telecom Costs between R234 and R762 per month and calls are charged at R0.46 per minute. (The monthly payment includes money for the calls.) FreshPHONE Zero sign up costs, Zero monthly costs, Zero cancellation costs. The call rates for FreshPHONE is R0.39 per min to Telkom local and national numbers and R0.69 per min to all cellular networks. MWEB Mweb have two VOIP packages a Starter package with 100 minutes at R59 per month, and a Lite package with 250 minutes at R99 per month. (59c per minute and 39.6c per minute respectively) Assuming you want a more business specific setup (multiple staff members or a call center) then a PBX system will be required. The cheapest hosted PBX solutions in South Africa IS (Internet Solutions) Ignite have a hosted PBX solution for R111 per extension (month to month) or R90 per extension (24 month contract) this gives you Ring groups, Voicemail to email, Call waiting (press 1 for sales) the full monty) and then you have to pay the per minute rates for calls you make which is R0.30 to Telkom landline calls and R0.74 to mobile numbers. Euphoria Telecom is R65 – R125 per user(extension) per month depending on features. Then their call rates are R0.34 per min to Telkom landlines and R0.79 per min to all South African mobile networks. Use VoIP for your startup business Launching your own business is not an easy task. Entrepreneurs soon find that their landline is not enough to handle the needs of the business, no matter how small. This is where VoIP comes in handy. VoIP service can provide much-needed features like auto attendant, group voicemail, multi device ring, automatic call routing etc. which normally requires an expensive building specific business line(s) setup with golden numbers and special hunting group landlines.
  11. 2 points
    ABSA gives you access to all the ETFs. Their platform is a full on trading platform where you specify the price you'd wish to buy at etc. More control but more involved than EE.
  12. 2 points
    Option 1: Takealot for around R1680 Option 2: From their site for R976 + customs/import (https://shop.ledger.com/products/ledger-nano-s) Free shipping from DHL (3 business days) Question: Does anyone know what the import costs will be payable on this? Read around that in SA it could be around 15% VAT and 10% Duty = +25% (total costs R1220) Are there other costs? If R1220 is the case it's a way better deal to buy direct plus you can choose your Nano S color (I want Transparent )
  13. 2 points
    So DHL called me and said I have to pay Extra costs were a total of R312. Total cost for Ledger Nano S = R1288. I'll take it. Cheers guys! Dan
  14. 2 points
    I have ordered single units as replacements which came without having to pay extra duties. Buying bulk means you definitely have to pay the duties, and also the fee to the courier company to 'process' your order and delivery. I am out of stock of Ledger Nano S devices and most likely not ordering bulk again, unless I can make it worth while. Bulk orders are not priority to them, so they sometimes take months to arrive, while the price of bitcoin changes drastically during that time period, which means your profit can disappear completely. For the end user, its faster and cheaper to just order directly from Ledger now, especially since they added free shipping for small orders to South Africa, and you might not need to pay duties. Bulk orders you still need to pay for shipping, so that is additional cost for resellers too. The time, expenses, and possibility of losing money means its just better to refer customers to them directly.
  15. 2 points
    I own unit trusts only in the form of pension and RAs. RA - Allan Gray Balanced Fund Pension - 10X Kicked Stanlib to the curb but it had more to do with getting away from my financial advisors hold on it. Didn't understand their pricing at all. Very happy with what I have currently
  16. 2 points
  17. 2 points
    Just thought I would put this out there....I have a Telegram chat channel where we talk about bitcoin mostly, as well as other cryptocurrencies. If you want to ask a specific question, or would like to just chat casually about bitcoin / crypto with other people in South Africa, check it out. The channel is informal, and it is not a trading signals channel or anything really technical. Its mainly for casual chat about crypto. If you are on telegram, come and visit! https://t.me/bitcoinzarchat
  18. 2 points
    So regarding the new NewFunds Volatility Managed ETFs (I might be a bit late to the party): NFEDEF - Defensive http://etfcib.absa.co.za/products/Exchange Traded Funds/equity/VolatilityManagedDefensiveEquityETF/Pages/default.aspx NFEMOD - Moderate Equity http://etfcib.absa.co.za/products/Exchange Traded Funds/equity/VolatilityManagedModerateEquityETF/Pages/default.aspx NFEHGE - High Growth Equity http://etfcib.absa.co.za/products/Exchange Traded Funds/equity/VolatilityManagedHighGrowthEquityETF/Pages/default.aspx Sounds "cool" but looking at the annualised returns over 5 years (NFEDEF: 5.1%, NFEMOD: 6.8%, NFEHGE: 6.2%) I have to ask myself why I wouldn't play it save with a 32 day account at 6.95% or any of the various other guaranteed return vehicles offering better returns ?
  19. 2 points
    The JSE and Msci Emerging markets index are highly correlated and emerging market index outperformed local equities the last 5 years. I would change the local exposure to STXEMG only. Less risk for similar performance and no "if" the local market bounces back scenarios...
  20. 2 points
    Weakening economic conditions, increased debt repayment burden, rising consumer inflation and stricter lending criteria have seen 100% bonds, especially to first-time buyers, become much harder to get, but it has also placed many potential buyers firmly between a rock and a hard place. “Not only do banks require bigger deposits than before, it has also become more difficult to put money aside in today’s economic climate, as growing financial pressure is forcing consumers to tighten belts even further just to make ends meet,” says JP van der Bergh, founder of Propscan. "However, a sizeable deposit has several significant benefits in addition to increasing your chance of bond approval - it also gives you a jumpstart on the financial process, makes your offer more appealing to sellers as it bumps up the chance of bond approval, naturally decreases your monthly bond repayments, and saves you a considerable amount in interest over the long term.” Kay Geldenhuys from ooba, national mortgage originator, illustrates how a deposit can reduce the overall and monthly costs of buying property: “A home buyer who purchases a house for R1 million with no deposit at a 10.25% interest rate will pay approximately R9 816 per month over 20 years. At the end of the home loan term, the total amount repaid will be R2 355 944. “On the other hand, with a R100 000 deposit, the monthly repayments will be approximately R8 835, and the total repayment will be around R2 120 350. Add the deposit to this and the total comes to R2 220 350 - making the total repayments some R135 594 cheaper than buying without a deposit.” She says it also stands to reason that the smaller the risk for the bank, the more negotiable they will be on the interest rate charged. “Right from the beginning of the home-buying process, it is important to ensure that you know what you can afford to buy and how much deposit you will need,” says Van der Bergh. “Once you have established how much you need to save, the next step is to figure out how to do so as quickly as possible, and in order to do so, you must analyse your spending habits. On a spreadsheet, list all your fixed monthly expenses including existing debts you are currently servicing and make a note of all other regular expenses like the daily cappuccino at the café near work. “Next, go through it with a fine-tooth comb to see where you can cut down on monthly expenditure and determine how much you can realistically afford to save, and then shop around for a high-interest savings or money market account in which to save your money.” Sandy Geffen, Executive Director of Lew Geffen Sotheby’s International Realty in South Africa, says saving a substantial amount of money may seem like a daunting task, but don’t be discouraged. “At first glance, the cutbacks you are able to make may seem to be small amounts, but you will be surprised at how quickly they can add up to a sizeable sum, and you could own your first home sooner than you think,” says Geffen. She offers the following creative tips for saving towards your deposit: 1. Stop smoking. This could add at least R1 000 a month to your deposit fund. 2. Instead of buying takeaways every day, rather spend the extra 10 minutes packing lunch in the morning as it will end up saving you more than pennies at the end of the day, and it’s far healthier. 3. Ask for an insurance re-evaluation because while your insurance premiums probably go up every year, the value of a lot of insured items actually goes down as they age. 4. Cut back on credit and try to pay off and close store cards, especially if you find temptation hard to resist. Remember that when you do eventually apply for a loan, the bank will ask for an income and expenditure statement to prove that you will have sufficient surplus income for the home loan instalment once all household and contractual debt expenses have been met. 5. Before you run out to buy a new seasonal wardrobe, spring clean your closet and unearth the older items of good quality that can be reinvented with accessories or by mixing and matching; 6. If you can’t remember what the inside of your gym looks like and can’t motivate yourself to go, cancel that gym contract and find ways to exercise for free. It might help you to start exercising more regularly, especially now that summer is here. 7. Consider scaling down on your car if a large portion of your monthly income is going towards paying off a car loan; 8. Always go grocery shopping with a list and stick to it - and never go on an empty stomach. Also try and stick to food stores and avoid the hypermarkets where you might be tempted to buy other things you don’t need. Geldenhuys cautions that this savings mindset should not be abandoned once the goal has been met. “Many people throw caution to the wind and shop around for a home that costs the maximum amount the bank has approved, however, given current economic conditions, buyers should rather consider buying for a little less,” says Geldenhuys. “The extra cash can be used to pay off the bond more quickly or saved as a rainy-day fund so that they are prepared for the unforeseen expenses which arise when you own property.” “It’s true that our parents had it much easier in that most were able to afford their first home long before the current average age of first-time buyers which has risen to 34, but what hasn’t changed is the investment value of owning a home,” says Van der Bergh. “It is also one of the most exciting and rewarding purchases you will ever make, so even though it may take a little longer, it’s always worth the effort.” Source: Property24
  21. 1 point
    New venture by Michael Jordaan. Seems interesting. It’s a token that is linked to the DCX10 Index which tracks the top 10 crypto currencies, so it cannot be traded. So instead of creating risk by attempting to foresee movements in individual currencies you can spread the risk over the top 10. Similar to a regular ETF that tracks the index. I’m quite liking the idea, but am very interested in people’s thoughts. Some further reading: https://mybroadband.co.za/news/cryptocurrency/310383-michael-jordaans-cryptocurrency-investment-pick.html https://blogs.easyequities.co.za/invest-in-the-dcx10-crypto-token https://research.easyequities.co.za/investing-in-cryptocurrencies-easy https://www.dcx.capital/indexRules
  22. 1 point
    Recently retired (or sort of) now based in the Garden Route. Although I do have Unit Trusts, I prefer ETF's and doing the migration to the latter in a structured (or trying to) way, as and when the opportunity allows. Also trade commodity options (on US exchanges) to keep my mind active and for something different. As far as JSE equites go ....sshhh ... currently like having a family member in Pollsmoor - don't talk too much. Looking forward to sharing ups and downs and successes !!
  23. 1 point
    Welcome to forum Vinnie!
  24. 1 point
    I cant view it because its behind a paywall that I wont pay...but ja, I dont trust those guys one bit
  25. 1 point
    Thank you for the feedback. I have looked at Coreshares, and although their offering looks good, unfortunately they do not offer all the ETFs I'm after. Do you know if a 'ABSA stockbroker'/'etf only' account will give me access to those ETFs that I listed, or is also only limited to ABSA specific ETFs?
  26. 1 point
    I use CoreShares. Limited to only the CoreShare ETFs but they are amongst the best out there so that's not an issue. Only have an ETF portfolio with them though and haven't moved my TFSA there yet but at some stage I might. The difference between them and a platform like EasyEquities is that your trades (buy and sell) aren't instant and takes a couple of business days. So it is not a trading platform (best to stick with EE or ABSA then) but a very good long term investment platform. The pricing is also very good and it becomes cheaper than EE at higher amounts (can't remember what that amount is though).
  27. 1 point
    There is a hype cycle because the supply gets cut in half, and people who trade know this and make money off the fact that the supply will be decreasing. Think about it....You know for a fact that in 4 years time there will be 50% less bitcoin being mined each year, and then 4 years later, again 50% less, going on and on forever. Even if there is no more demand than there is today, when you cut the supply in half, but keep the same demand, the price should surely go up a lot. People who trade bitcoin know this, and they start buying up bitcoin in advance, with the purpose of selling it later at a big profit. This causes the hype cycle to repeat itself over and over, with higher highs, and higher low prices too. It costs so much, because there is so much demand for it. If nobody wanted it, the price would be zero, but everyone wants it, and the demand is reflected in the price.
  28. 1 point
    Hello everyone. I'm Cheryl, founder of pedlar.co.za Nice to meet you
  29. 1 point
    Hi There, I'm Ahmed, Longtime mybb lurker, and about to sign a contract with one of the big 4 mobile networks in their graduate programme as a software engineer. Thought Id lurk on this forum too, and get my finances right from the start ; ) hopefully.. Hope I can learn and contribute meaningfully.
  30. 1 point
    Right now its cheaper to just buy direct from Ledger than from any retailer in South Africa because you get free shipping.
  31. 1 point
    The education system seems to be going through changes. There is a trend towards home schooling and small colleges in some sectors of the community, away from the formal uniform wearing "conventional" schools. Teacher education is in a bad shape and the quality of teachers seems to be deteriorating. The discipline in the conventional schools is going from bad to worse. Yes the private school system is facing an uncertain future but it seems to be a better bet than the state schools and even the old model "C" schools which are going the same way as the majority. Affordability of the private schools is a problem especially in the light of the current low economic activity prevalent in the country. Pembury claim to be more affordable than the groups mentioned above. As far as retirement homes are concerned I have noticed a trend for emigrated children to arrange for their aged parents to join them overseas thus reducing the pool of tenants for these homes. Time will tell what happens to this share.
  32. 1 point
    I only do CFDs for resources, because they're cyclic so long term doesn't make sense for me with resources. But I've had CFDs in Anglo American Platinum (AMS) for about 3-4 months now. Best return I've ever made on a trade!
  33. 1 point
    Bank or Pick n Pay I don't know where to get discounted airtime, I think the retailers are all full price.
  34. 1 point
    We want to do some research into the consumer behavior of prepaid users. Where do you buy airtime? Do airtime discounts play a role, would you change providers if they offered a discount?
  35. 1 point
    Jumia to list on the NYSE, aiming to become Africa’s first tech unicorn. Active in 14 countries 4 million active users 81.000 active sellers 13.4m deliveries per year €130.6m revenue in 2018 €862m consolidated loss since inception Source: Techcrunch MTN owns a share of Jumia
  36. 1 point
    This post is about 2 years old anyone have a current view on investing in a 3-5 year period?
  37. 1 point
    They're the Hyundai and Kia guys now, and include these dealerships. From the Rentals point of view, they run Tempest and Europcar. Here's their official website: https://www.motuscorp.co.za/
  38. 1 point
    SaurusDNA, Thanks so much for your input, its really appreciated, could I please ask for your thoughts on.... 1) If we need R50k a month to survive when we retire how much do we need to have invested in total, as I intend to retire as soon as I reach this mythical figure and I have been given many different figures ranging from 10 mill to 17 x my final annual salary and none of it makes any sense ? 2) Lastly do you have any thoughts on the South African governments possible implementation of prescribed investments and how it would it could have an affect any of the investments I listed? Here is an article you and the board may find interesting. https://www.biznews.com/sa-investing/2019/03/07/magnus-heystek-hogg-jse-optimism-sa-respectfully-differ Have a great weekend
  39. 1 point
    I did not see this coming !! Both Std Bank and JPMorgan launching blockchain payment solutions....wow These events matter because it makes moving money around much cheaper and faster....it benefits us the consumer ultimately Standard Bank builds blockchain for international payments "The platform aims to increase the speed and transparency of international payments and trades by providing an instantly-available record of documents and settlements stored in the cloud. " https://mybroadband.co.za/news/banking/297786-standard-bank-builds-blockchain-for-international-payments.html JPMorgan's move into crypto puts the rest of the industry on notice "Blockchain is particularly appealing because it could allow banks to clear payments faster and more securely, using technology that CB Insights said would dramatically cut processing times and reduce the need for third parties to get involved with transactions." " With the launch of JPM Coin, JPMorgan has shown it wants to get out in front of this transition, despite its previous skepticism. That could push other banks to show they're in the game, too. Singh said banks that have a large number of institutional clients, such as Citigroup (C), will feel the most pressure." https://edition.cnn.com/2019/02/19/business/jpmorgan-jpm-coin-banks-blockchain/index.html
  40. 1 point
    Do we know when they are launching? I am really interested to see what they can offer to match or beat Tyme.
  41. 1 point
    Good to be back! Finally managed to log in again, was having trouble for ages. When you rise fast, you drop fast too...who knows how low it will go, possibly even as low as $1000....all I know is that in time it will go back up again, and we will have new highs. My guess is that the next bear market will be when the price dumps down to the $20k mark. The next halving is getting closer, and I would expect that the price will range for a while longer before starting to pickup again running up to the halving event. Personally I just hold my main stash and dont bother trying to play the market much. The reason being that for me to cash in my main holdings on the way down, it would mean moving them to an exchange and selling, which opens up a can of worms. I expose myself in terms of how much bitcoin I have on that address and other addresses that have transacted with that address. Secondly, that can be seen as a taxable event, if I am 'cashing out', which I dont want to do right now, and thirdly, if I did cash out my main stash then I would now be sitting with a ton of cash on an exchange which I dont trust all that much. If I have to wait months to buy back in, I will be constantly worried that I have a lot of money on the exchange that is at risk. I prefer to keep my funds locked down as bitcoin, secured on my hardware wallet offline, where nobody knows that its mine. I am a reckless, but patient, and i'll wait it out a few more years before worrying about changing it back into government money. By that time, maybe I wont need to...who knows. I am still buying bitcoin....I do every month because its my long term savings plan. Now with the lower price, I just get a ton more than I was when it was closer to $20k. Win win in the long term.
  42. 1 point
    Looks like they are planning to add some additional services as well. The graphic below shows the services it currently offers. Services that will only be launched at a future date are highlighted in yellow.
  43. 1 point
    Just to confirm, will we be getting an equal amount of multichoice shares as we had Naspers shares?
  44. 1 point
    What I want to know is, what percentage do they charge for intl payments, if they do. I know Capitec is free and takes 0%. FNB sucks 2.75%
  45. 1 point
    Money is in Yesterday I transferred money from Capitec to TymeBank via an EFT at 7 pm (11 Feb 2019) the money reflected now in my TymeBank account at 7 pm (12 Feb 2019) so it took 24 hours, not impressive, but I think that has more to do with Bankserv than it has to do with TymeBank. Login page Tymebank online banking dashboard Tymebank everyday account overview Tymebank transaction details Underlying code observation The Tymebank online banking interface is incredibly smooth in terms of the layout, it's build using an off the shelf framework called Bootstrap v3.3.7, which means they used an open source front-end with some custom modifications (very startup-ish, but I like their implementation it's clean and relatively fast.). I think they are using Microsoft Azure for some data and then AWS as the main system (which explains the slow latency since the server is not in SA) and then it seems they host some of the services as a herokuapp cloud application as well, probably testing (an API of TymeBank: https://internet-banking.herokuapp.com/api) the production system I think sits on Azure and AWS (aws: ibauthprox.tymedigital.co.za and Azure: cbsaweb-sit.northeurope.cloudapp.azure.com) Potential Security Risk Besides the latency (Slow response) the only real issue I have is that they do not request a pin or OTP after you login to the website, so because their site remembers your ID and password it means if your laptop or pc gets stolen, your bank is compromised. Ditto for anyone using a public computer to access their TymeBank bank account, if you use a public PC consider your TymeBank bank account compromised.
  46. 1 point
    Bird Box 6/10 Nothing particularly wrong, but they could have done so much more. The trailer is somewhat misleading with regards to time line.
  47. 1 point
    Do you want to earn ETH? Participate now here! The author of each review will get 0.1 ETH. In addition, we will pay 0.3 ETH for the top 20 reviews. Everyone can participate! The rewards you’ve been get is only reward for your effort to review the Currently, Upcoming ICO. You want to join? For more information Just pm me @ my email address: [email protected] or pm me here. Guaranteed I will response your email fast.
  48. 1 point
    Very good documentary about Warren Buffett Becoming Warren Buffett 2017 (HBO Documentary Films) [video=youtube]https://youtu.be/2VlojxrCp9Q With a net worth of more than $60 billion, Warren Buffett is truly a one-of-a-kind billionaire. Now 86, the legendary investor still lives in a modest home in Omaha, and continues to drive himself to the office every morning to manage Berkshire Hathaway, the fourth-largest public company in the world. But more surprising than his humble lifestyle and self-effacing personality are Buffett’s moral integrity and unique mind, which drove him not only to become the most successful businessman in the world, but also an unparalleled philanthropist. With unprecedented access to his day-to-day personal life, Becoming Warren Buffett tells the improbable story of how an ambitious, numbers-obsessed boy from Nebraska became one of the richest, most-respected men in the world. The definitive documentary on Buffett, this candid portrait sheds new light on a man who has helped shape the way Americans view capitalism and, more recently, philanthropy. Told primarily in Buffett’s own words, the film features never-before-released home videos, family photographs, archival footage and interviews with family and friends. Buffett, along with partner Charlie Munger, would build his fortune at Berkshire Hathaway, a struggling textile company that he turned into a behemoth holding corporation with stakes in Coke, Heinz, Geico and other blue-chip companies. Tracing his ascent from first-time investor to business maven, the documentary delves into the highs and lows of Buffett’s career and personal life, from becoming a father of three and the world’s richest businessman, to weathering the Salomon Brothers treasury bond trading scandal, which threatened his sterling reputation, the loss of his wife and first love, Susie Thompson Buffett, and what led him to make the largest philanthropic donation in history. Kunhardt Films’ HBO credits include the Emmy-nominated Nixon by Nixon: In His Own Words, the Emmy-nominated Gloria: In Her Own Words, the Emmy-winning Teddy: In His Own Words and the Emmy-winning Jim: The James Foley Story. Becoming Warren Buffett is a co-production of HBO and Kunhardt Films; directed by Peter Kunhardt; produced by Teddy Kunhardt and George Kunhardt. For HBO: senior producer Jacqueline Glover; executive producer Sheila Nevins
  49. 1 point
    I still have an active subscription to Popular Mechanics (Although i get the digital version as part of my subscription) It's true that the content is mostly outdated, or that most information is available on the internet, but i must be honest i do look forward sitting on the potty with my PM. Heck, we still have a magazine holder in our loo.
  50. 1 point
    Hi. Platinum Wealth asked me to comment on unit trusts vs ETFs. The first thing is that unit trusts can be managed actively eg. Allan Gray, or passively, eg. Sygnia Top40 Index Fund or Sygnia Skeleton Balanced 70 Fund. All ETFs are passively managed, tracking particular market indices. I will limit my comparison to passive unit trusts vs ETFs. In South Africa unit trusts are significantly more cost effective than ETFs - so a Top40 Index tracking unit trust is significantly cheaper than a Top40 Index tracking ETF. The reason is that to access a unit trusts you only have to pay the management fees and trading costs (all disclosed on fund fact sheets). That is it. If you do not use a financial advisor, that is all you pay. In fact, with Sygnia's index tracking unit trusts, if you want to invest via a retirement annuity or a tax free savings account, those charge nil administration fees. In terms of ETFs you have to pay multiple layers of fees before you can actually access an ETF. The reason is that ETFs are both unit trusts and "shares" listed on the JSE. Some of these fees are: - Stockbroking fees every time you buy or sell an ETF (you have to use a stockbroker) - JSE trading costs relating to ETFs themselves - Management fees within the ETFs - Bid/offer spreads between buy prices and sell prices (This is the most disingenuous aspect of ETFs - the price of an ETF at a point in time is subject to supply and demand by investors, like any other share. So you might be paying more for the ETF than the value of the underlying "index" shares it holds, and when you sell you might be selling for less than the "index" shares are worth. In South Africa, where liquidity is poor, the market maker normally steps in. A market maker makes his money from the bid/offer spreads. So realistically 1% to 3% spreads are common). - If you want to invest via debit order, you are normally sold an "investment plan" by a platform like etfSA or iTransact. That is another 0.70% pa fee plus R3.50 per month debit order fee. - If you want a savings product, like a retirement annuity, that costs another 0.50% pa plus. So once you have added all the costs of accessing ETFs you are paying more than you would for an actively managed unit trust. That is what the ETF providers are skirting around all the time. Since Sygnia always does things differently, we plan to launch ETFs later this year where we charge nil stockbroking and we guarantee a minimum bid/offer spread. Let's see if we can shake things up a bit. But frankly, even with best intentions, I don't think our ETFs will be as cheap as our unit trusts tracking the same market indices. The final comment is that ETFs are asset class specific e.g. equities, bonds. Sygnia Skeleton Funds on the other hand mix asset classes together in sensible proportions for different risk profiles. So by holding one index tracking investment you get exposure to both domestic and International equities and bonds. Hope this helps. If you have any questions, I will answer them. Magda Wierzycka CEO Sygnia
This leaderboard is set to Johannesburg/GMT+02:00
×
×
  • Create New...