Jump to content

Leaderboard


Popular Content

Showing content with the highest reputation since 05/30/2019 in all areas

  1. 3 points
    Hi all, I recently wanted to compare fixed deposit rates across different banks. I realised that there is no such thing as a quick comparison of the fixed deposit rates. Sites like mytreasury.co.za and hippo.co.za require contact details (& they ended up sales calling me - arghh) & only give a partial view. So I ended up going to each banking website. Some banks quote nominal rates. Others effective (yay for effective annual rates), others simple interest and then others come up with their own terminology. Frustrating. Anyway, it took me a while, but I ended up understanding what the banks are quoting on their website & converted all the rates to effective rates. Here are the results of my findings, which have been made public at www.ratecompare.co.za. Best 3 month rates - African Bank & Discovery Best 6 month rates - African Bank, Discovery, Capitec Best 12 month - African Bank, Sasfin, Discovery Best 2 year - African Bank & SA Retail Bonds Best 3 year Sasfin & SA Retail, Capitec Best 5 year - African Bank, SA Retail and Capitec
  2. 3 points
    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. 3 points
    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.co.za/black-friday/ Makro: https://www.makro.co.za/black-friday MTN: URL to be confirmed AC Direct: https://acdirect.co.za/product-category/black-friday/ CellC: URL to be confirmed Pick n Pay: https://www.pnp.co.za/pnpstorefront/pnp/en/blackfriday HiFi Corporation: URL to be confirmed Checkers: URL to be confirmed BidorBuy: @Bandit https://www.bidorbuy.co.za/blackfriday The Pro Shop: https://www.theproshop.co.za/promotion/black-friday Cybercellar: URL to be confirmed Game: https://www.game.co.za/game-za/en/black-friday-2019 Dion Wired: URL to be confirmed Woolworths: https://www.woolworths.co.za/dept/_/N-1gdu29e Clicks: https://clicks.co.za/brands/blackfriday Digicape: https://www.digicape.co.za/black-friday Dial-a-Bed: URL to be confirmed PiShop: URL to be confirmed DIY Electronics: https://www.diyelectronics.co.za/store/304-black-friday RSA WEB: https://www.rsaweb.co.za/ftth-black-friday-cyber-monday/ Dion-Wired-Black-Friday.pdf CNA-Black-Friday.pdf MICA-Black-Friday.pdf Dischem.pdf Vodacom Black-Friday_7.pdf Game-black-friday-book1.pdf game-black-friday-book2.pdf Samsung Black Friday Specials 2019.pdf Mitabyte Black Friday 2019.pdf Pick-n-Pay-Black-Friday.pdf Neon Sales Black Friday Catalog 2019.pdf checkers-black-friday.pdf MSC-Black-Friday.pdf Adidas_BlackFriday_Franchise_Store.pdf Samsung_Black_Friday_Catalogue.pdf Hirschs BF 2019.pdf Baby City Black Friday.pdf Cell C Black Friday.pdf MTN Black Friday 2019.pdf MTN Business 2019 Black Friday Deals Flyer.pdf Malls Tiles Black Friday.pdf Telkom Black Friday Deals.pdf
  4. 3 points
    It was a tough choice between Discovery Bank and FNB, because I have posted before asking about ebucks and we have quite a few threads about it. I did set out to open an FNB account, but had endless hassles online and it ultimately required me to go into a branch so they are out - I do not want to rely on a branch in 2020 for banking. I then decided oh well let's give Discovery Bank a try, maybe I get a good deal from Virgin Active from this exercise, because make no mistake they (Discovery) are the most expensive bank in SA. Here is a link to all the accounts available on Discovery. If you read this thread, pop over to this FNB vs Discovery Bank thread first to see some of the pros and cons of each and whilst you are at it there is a great thread about FNB's Ebucks as well to give further insight in what is available in the South African banking landscape today in terms of rewards and loyalty programs. Anyway to get back to the point I'll try to write this the same as I did for the How to open a TymeBank Bank Account thread. Speaking of Tymebank to open a Discovery Bank account was relatively straight forward, but nothing compares to Tymebank that process is smooth and quick it took me less than 5 minutes to open a Tymebank account, it took about an hour fiddling with files and setting up syncing etc to get everything ready for the FICA process of Discovery, I will get to that in a moment. How to open a Discovery Bank Account Step 1: Register on this page (it won't work if you go straight to the app, you'll sit in a queue) - where the button says leave your details, fill that in. You will then receive instructions with a formatting issue telling you to go login on the app. Step 2: Download the Discovery Bank app and then login using the ID Number you registered with in Step 1. Step 3: Follow the instructions to FICA your account and you are done. When you do Step 3 they will ask you for various documents which you need to upload from your phone (there is no website just an app) this means you need to make sure those files are on your phone. In my case I logged on to Rawson on the PC and downloaded my latest Invoice and Lease Agreement. I then uploaded that to dropbox and I then downloaded and synced dropbox with my phone, but the Discovery App cannot access dropbox, so you need to go to dropbox on your phone and then "export" the pdfs to your phone (save it to the device) then it should sit in your phone's download folder, you can then through the Discovery Bank app navigate to your downloads folder and upload the files. I did the same for my Capitec bank statements. I logged into Capitec on the website and then downloaded the last 3 months worth of bank statements and then synced it to my phone through dropbox and exported it to enable Discovery's app to access it. Once that schlep is done you should get an SMS and E-mail to welcome you. I received a call from the courier company about 3 hours later confirming my delivery address, because they will deliver your Discovery Credit Card to you. There is the option for you to collect it as well, but I am paying them R400 per month so I ticked the "deliver it" option even though the bank's office is down the road - sorry, not sorry. Notes: There is ZERO website - I do not know what on earth they are thinking and I am not a predictions man, but I am fairly sure South Africa is not ready for a "App only" bank not in Infrastructure to make that happen and most certainly not in education and access (expensive data, limited coverage and cost of beefy "capable of driving a bloated banking app" phones.) Besides the "infrastructure" shortfall there is also the compromise angle - Alternatives exist so why would I want to use the app to pull and print statements when I can log onto Capitec or FNB on the website and do a lot more administrative tasks more efficiently. This comes back to earlier about Tymebank, they are an App based bank, but when you want to make use of power features and do administrative tasks the website is there and your PC is connected to the printer and have excel on it to pull your CSVs into - Goodluck trying to do that with discovery without going through a whole process between devices and using third party apps to sync it all. Like @SimonPB would say "make no bones about it" this app only approach will make it more difficult for less technologically-adept customers to print out bank statements and facilitate transactions. Concerns: I found quite a few formatting issues and some bugs (screen would freeze if you navigate between transactions and pay) I reported this to them, but have not gotten anything back and they don't respond to it on twitter either. Normally that won't bother me, but if you are going to be an expensive bank without any physical presence then I expect you to be around 24 / 7. The app is also sluggish, but I suspect that is due to latency since it appears they use AWS as well. Overall my entire experience with Discovery Banking so far is perfectly summed up by @Bandit With that said one thing I am excited about (as a Discovery shareholder) is the fact that Discovery (JSE DSY) now have a key insight into all aspects of our lives from health and insurance all the way to banking. This should in theory put Discovery in a position to do incredibly advance psychometric analysis on its users and map psychological traits for risk evaluation. As someone with a very keen interest in behavioral psychology this aspect fascinates me especially when it comes to credit facilities because with the transactional banking data Discovery can now create a far more accurate risk assessment based on who you really are not what you have done in the past. Bonus: Here's some screenshots of the app
  5. 3 points
    STXEMG + STXWDM = ASHGEQ Well more or less...
  6. 3 points
    Great to see forum members discuss DCX10 here - we are honoured! Owning the market weighted index of the top 10 Crypto's is not the holy grail of Crypto investing, but historically it has outperformed Bitcoin by a margin of roughly 50%. Past performance is of course no guarantee of future returns, but we think the index will beat Bitcoin again. The timeframe is uncertain though. If you're comfortable with this position, 1% per annum fee for the convenience of managing the composition of the index, fades into insignificance compared to the outperformance. Happy to discuss more...
  7. 2 points
    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.
  8. 2 points
    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.
  9. 2 points
    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.)
  10. 2 points
    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...
  11. 2 points
    Here is a helpful interactive calculator which shows the cheapest RAs in SA for different RA values. Calculate here.
  12. 2 points
    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 post). Would anyone please assist me with either information and or guidance with these three aspects and also help me on the right path. Tyme Bank would have been my go to bank. Its rates seem lovely. I understand that all the figures advertised may come to change sometime soon and what not but as for now and making a pick, the rate are a good enough starting point. Unfortunately i am not a South African citizen and have even considered other online banks but have not been too luckily finding one that is laid back on the fees and requires to open an account. Any ideas ? I have resorted to FNB EasyAccount(PAYU) and Standard bank(Student Achiever)(am currently a student doing my 3rd year and fear i might not be in South Africa for as much longer to build my savings in a South African bank to then take it out and perhaps suffer hefty fees. Am not sure how this all works but thats why i would like to get an international online bank where that concern is cancelled out) I hope to have my an FNB account forever and hope to bank from wherever in the world with then even later on and hence settled for them and my current EasyAccount before an upgrade to an different account. In the event i save with them(hopefully i do), i feel i have reason to foresee a longterm relationship. Investing, i want to use EasyEquities to make all my investments. They were suggested by Platinum Wealth and hey, i like them. I do not know if its better to have all i save and invest with them or not. Assuming there is a manner of saving i can do with tem in a TFSA. i really dont know how the platform works but i am dabbling in and with information to see what and how far we can go together. i trust that i can get some scrutiny here and get some answers as well. Dont take too long i dont have time. I want to spend it all on the market, i hear thats how you earn anything in the long run Regards PS:I understand it depends on what i dash dash dash lol. Please throw me in the deep end and give me a broad response lol assume everything
  13. 2 points
    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 case... Once I leave my current job I'm still in two minds on what I'm planning to do with my pension. Currently I'm leaning towards taking the tax hit, cashing it out and investing it offshore. I trust this SA government and pension/RA money exactly f**ol.
  14. 2 points
    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.
  15. 2 points
  16. 2 points
    @Njabulo Nsibande @Spreadsheet Ranger @Groovy @SaurusDNA
  17. 2 points
    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 Dec = (12*2)*R100= R2400 In total you would then save R15600 over the 12 months Whats cool about this is you can change the “Rands” value and the “multiplier” value to suit your goals and afffordability Examples Multiplier = 0.5 Rands= 50 Jan = (1 * 0.5) *R50 = 25 Feb = (2 * 0.5) *R50 = R50 Mar = (3 * 0.5) * R50 = R75 …… Dec (12 * 0.5) *R50 Total = 1950 Last example Multiplier =3 Rands= 200 Jan = (1 * 3) * R200 = R600 Feb = (2 * 3) * R200 = R1200 Mar = (3 * 3) * R200 = R1800 … Dec = (12 * 3 ) * R200= R7200 So depending on where you are in life financially you can start snow balling into higher savings rate. From small amounts to big amounts.
  18. 2 points
    https://www.houseandhome.co.za/cat/Nov19/RSABlackFriday/index.html
  19. 2 points
    /does happy dance: https://www.sharenet.co.za/free/sens/disp_news.phtml?tdate=20191031100000&seq=22&scheme=default
  20. 2 points
    So it's that time of the year again. I'm bored and prone to messing around with something that works. Buying a house wrecked my saving powers for a bit now I'm fortunate enough to top up my TFSA for the year. I already missed out on making any contributions last year because of said house and really didn't want a repeat. So with everything back on track I log into EasyEquities to take a good look at what my account is doing. I knew it was doing well but it is still nice to see a portfolio with everything in the green. Just goes to show: like nature conservation, time plus less human contact is about the best thing you can do for your investments. With that being said, let's change things! (I'm an anarchist). Over the last few years I moved everything to offshore ETFs. Considering my house, RA and pension all being very much exposed to SA I think it is a good idea to get maximum offshore exposure with your other investments. Currently it looks like this: CSP500 (stopped contributing to it in favour of STXWDM) STXWDM STXNDQ (30%) Knowing very well what I just said about international exposure, I thought about introducing PTXTEN back into the mix. CoreShares will amalgamate this and PTXSPY into a new ETF in the near future (not exactly sure of the date) and the changes they are making looks good to me. There's also the ETF5IT ETF from Stanlib which looks more tech concentrated than STXNDQ and maybe it is worth investing in GLODIV instead of STXWDM (the reason: although not a lot, it does pay some dividends and performance is not that far off the MSCI World). It is not heavy on tech stocks at all but STXNDQ/ETF5IT makes up for that. I can sell everything in my TFSA, start again and come up with something like this: PTXTEN / SA Property - 30% GLODIV / Offshore - 45% EFT5IT / Tech - 25% But because I may not want to incur extra cost for selling off (too many) funds in place of others, maybe something like this makes more sense: STXWDM (freeze it) and start contributing the GLODIV PTXTEN (in favour of the CSP500 already in there) STXNDQ (freeze it) and start contributing to EFT5IT ....told you it was the silly season
  21. 2 points
    Well, some "big dividends" for PTXTEN came in today - a special final dividend payout up until the date it changed to CSPROP it seems. And this one is substantially larger than last month's payout!
  22. 2 points
    Hi guys. I have an appointment tomorrow morning, to finally get my will drafted. (Free of charge) Just want to say thanks for the help and guidance.
  23. 2 points
    It's hard to know which local ETFs are best to invest in. At least with the offshore ones, ASHGEQ or STXWDM are no-brainers and either of them serves as excellent all-rounders. But locally, we don't get "All-rounders" of the same quality. Your Top40 and Top50 ETFs are market capped and you end up having 70% of your money in four or five shares, which is certainly not great. Then, there are the myriad of smart beta ETFs, each claiming to have a better methodology than the rest, but all untested. So for now, with my local ETFs, I have one third of my local portion of my TFIA in the new multi-factor SMART, one third in the momentum methodology NFEMOM and a third in quality shares with great fundamentals (STXQUA). But if you had to choose just one (or two) local ETFs, what would it be and why?
  24. 2 points
    Ok so I had some spare time. Browsed through all the SA banks' websites, scraped their fixed deposit rates, read the fine print and converted them to effective annual rates. I have made this research public & now you can see all of SA's fixed deposit rates on offer at https://www.ratecompare.co.za . I plan to update the rates on a monthly basis. Comments welcome for other banks to add or any feedback in general. I hope someone can draw value from this!
  25. 2 points
    @Bandit - thanks . Jack has been addressed & now features a light colour.
  26. 2 points
    ASHGEQ or STXWDM - 65% SMART or CTOP50 - 35% That's if I had to have local exposure. Else I would just go 100% ASHGEQ. That's very simple.
  27. 2 points
    You as an individual cannot open a pension fund. The company you work for can. As an individual, you can open an RA. RA - matures at retirement age. You'll then be able to buy an annuity with it which will provide you with income. Other than that, the only way to get money out of an RA is to formally emigrate or you have to prove that you'll basically die if that money doesn't become available (I've only heard of this, can imagine that it is borderline impossible). Pension - when you leave your current place of employment you'll have four options: Take the Pension money and move it into an RA Move the pension money to your new employer's pension fund Take the money and run (you'll pay tax on it) Move it to a preservation fund Preservation fund uses the same type of funds (regulation 28) as your pension and RA does, however you have the option of withdrawing from the fund once before retirement. Not sure if that restriction is per fund or per tax entity (you). Personally, I have a pension fund at 10x and an RA at Allan Gray. When I leave my current place of employment I will move my pension to a preservation fund. If I had to start an RA and only have one - 10x.
  28. 2 points
    Hey guys, This thread also got me looking at my tfsa. Would it be advisable to get rid of either my coreshares top50 or satrix divi plus, and use that to invest in ptxten ? I currently have 11K in each. Top50 is currently 3.9% down (- R470) Divi plus is currently 1.2% down (-149) Or would it be better to start from scratch with ptxten ? Thanks.
  29. 2 points
    If I were to choose just one ETF to invest in, without a doubt in my mind, it would be the Ashburton Global 1200 Equity ETF (ASHGEQ). If I had to choose just one, I would never go country specific like US or Japan - this just has too much concentration risk - get a bad president or a war in that country and might just lose all your money - I'd definitely go for a world index. Therefore, from your list, I'd immediately disqualify SYGJP and SYGUS. From the two world ETFs on your list, both STXWDM and SYGWD track the same index but Sygnia charges double the fees. Therefore it gets disqualified too. So we are left with STXWDM, which is an excellent ETF and would be my second choice after ASHGEQ. There are two reasons why I prefer ASHGEQ over STXWDM: 1) ASHGEQ has some emerging market exposure, which traditionally provides better growth than developed markets over long periods, whereas STXWDM is only developed markets (safer, but less growth). 2) ASHGEQ is more diversified than STXWDM, lowering the downside risk. ASHGEQ is slightly more expensive than STXWDM in terms of fees, but I still think the possibility of better returns from ASHGEQ, as well as the better diversification, do justify the fees and will be worth it in the long run. So for your second question - what would be a good first ETF? Either Satrix MSCI World (STXWDM) or Ashburton Global 1200 (ASHGEQ) would be excellent choices, in my opinion.
  30. 2 points
    Your timing is impeccable! PTXTEN usually declares their 3rd quarter dividend on or around 4 October, to be paid out in the middle of the month. So you can expect a nice bonus from the ETF later in the month! In fact, I've received over R1000 dividends from PTXTEN already in my TFIA this year,. It's a lovely feeling seeing that much money just suddenly appear in your account out of nowhere!
  31. 2 points
    I love my PTXTEN ETF! The dividends are fantastic at 9.4% per annum (currently), and with the new changes, I'm hoping for excellent growth as well. I wouldn't be surprised in this one gives the best total return of all over the next few years. Plus, it has never been this cheap to invest in property! On top of that, the massive dividends are completely tax free, making this particular ETF one of the best ETFs on the market in terms of tax savings. GLODIV is a really nice ETF too, but i think it is better outside of a TFIA as the foreign dividends are not tax exempt. If it were up to me me, I'd stick with STXWDM.
  32. 2 points
    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 exempt from tax. Any capital gains above R40,000 is taxed at 18% p.a. for individuals and 22.4% p.a. for companies. When a South African company pays a dividend, it withholds tax of 20% on the dividend that it pays (not 15% as you mentioned in your post - that was increased in 2017). When an individual receives the dividend from a South African company, it is exempt from tax, because the tax has already been withheld and paid over to SARS by the company paying the dividend. There is no VAT on dividend income. Income earned from REITs (Real Estate Investment Trusts) is not considered as dividends and there is no withholding tax on these. However, this income should be declared as income on your annual income tax return and will be taxed along with your overall assessment according to your normal tax bracket in the same way as if you rented a property out yourself. When you finally dispose of your REITs, then any profit made from the difference between the selling and buying price of the REITs is considered a capital gain, taxed at 18% p.a. for individuals and 22.4% p.a. for companies (also subject to the R40,000 exemption for total capital gains per year). Then, finally, dividends, income and capital gains earned within a tax free investment account are exempt from all of the above taxes (except for VAT on brokerage and strate fees, of course).
  33. 2 points
    I'll bite, and answer the questions as my first post here. First and foremost, all information is available on the ebucks website, its not a secret, just take some reading time. https://www.ebucks.com/web/eBucks/earn/earn-from-the-bank-2019.jsp #1 Does the bank account type make a difference? It does.There are certain caps on the earning. Gold for example is capped on earning ebucks on a maximum spend of R7500 in-store and online. Earn rules @ https://www.ebucks.com/web/eBucks/earn/fnb-gold-2019.jsp Premier for example is capped on earning ebucks on a maximum spend of R10000 in-store and R2500 online. Earn rules @ https://www.ebucks.com/web/eBucks/earn/fnb-gold-2019.jsp For both, your checkers earn is capped at 20% of total monthly spend and R1750 for gold or R2000 for Checkers. To get to that 15% earn for checkers, you need to be on ebucks reward level 5. To understand this, you need to look at "Maximise your points to reward level 5" on https://www.ebucks.com/web/eBucks/earn/fnb-gold-2019.jsp or https://www.ebucks.com/web/eBucks/earn/fnb-premier-2019.jsp #2 FNB Fusion Gold VS FNB Fusion Premier – Which is best for ebucks? The level account you go for, depends on both how big your income is and more importantly, how much you spend each month. The spend caps for in-store spend is a good indicator. R10k a month or less spend, then go Gold. If your spend is closer to R15-20k a month then go Premier. If your spend is less than R5k a month skip fnb/ebucks altogether. #3 Does your ebucks cover your monthly bank account fee?For me, it far exceeds my monthly account fees! I am on Private Clients which costs R390 a month (with no additional fees). I earn R2000 worth of ebucks a month, and spend it only on 40% discounted items/vouchers which means that R2000 become an effective R3334. Then there are other benefits like free lounge visits at airports, avis free point-2-point, R100 Kauai voucher each month, FNB on the wimpy voucher, 500MB data free on the FNB sim ect. I use most of those benefits, its insane to turn it down...if you spend enough each month on your card. #4 Will ebucks benefit me? You will need to make changes to your payments to make ebucks benefit you. EFTs count for 0 ebucks. You need at least 3-4 debit orders on your account to help you gain reward levels, so I would keep those as is mostly. Municipal account, instead of EFT, I would pay into the account using credit card. Even if you pay part of it, and let the co-owner pay the other part whichever way he want, or EFT to you and let you pay with card. Fuel, keep as is on card. Paypal, keep as is, its online spend. Airtime, buy with card at a retailer or online. I do online. Electricity is easy to buy online, even possible on snapscan app now, which is what I use, its conveniant. That said, its difficult to say without actual values. Anyways, you need to do some homework to really know. I do this once a year, takes me 30 minutes then I am done for the year. Thats quicker than my e-filing takes. Read through the rules on: https://www.ebucks.com/web/eBucks/earn/fnb-gold-2019.jsp or https://www.ebucks.com/web/eBucks/earn/fnb-premier-2019.jsp Then use the calculator to work out what you can do to get to level 5 and then what you can earn with your expenses: https://www.ebucks.com/web/calculator/rewardsCalculatorAction.do At a minimum, play with the calculator. Hope that helps.
  34. 2 points
    Salutations Thought I'd introduce myself before making any wall of text posts Some people on this forum may already know me or have come across some of my activities in other communities and groups. I post under my own name where-ever I post. To everybody else the standard disclaimer is that only half of the bad things you've heard about me are true. My educational background is in law, economics and philosophy. I don't hold a degree but am a published author of peer reviewed academic articles. I was responsible for the creation of Crystal Web was ousted in 2017 from involvement of the company until needing to perform a salvage operation in the Evonet disaster. While I have every hope to rebuild Crystal Web there are quite a few hurdles to get that horse back on track. At the moment my LinkedIn short description reads: Critic of 5G silliness Advocate for 5G ecosystems and yes 5G is something I talk about A LOT, somewhat sadly more often outside of South Africa
  35. 2 points
    I have both although I may not have given Discovery a fair chance with regards to rewards so far. But that doesn't matter because their service just isn't even close to FNB. I'm sure they'll get there in time but so far Discovery Bank has been a massive waste of time for me. It's funny because people used to say eBucks is complicated - wait until you try Vitality Money. It's all relative to spend etc. but I'm on level 5 eBucks and get about R500 worth of it back every month without doing anything special. I can more than likely maximise it and get exponentially more every month but I don't go chasing rewards for the sake of good financial habits (overdrafts, revolving loans etc). Anyway, I can tell you this: If you don't fully commit to Discovery then don't bother. FNB's app and integrated services are light year's ahead. FNB's support is better I'm more than likely cancelling my Discovery card as soon as I can figure out how... So my vote is FNB + Tyme over any other banks in South Africa.
  36. 2 points
    Didn't think about that... ok fine, you'll do
  37. 2 points
    Ouch, that's 2 against 1
  38. 2 points
    Timing the market is near impossible. The Rand could go up or down, and the index could go up or down. There are two trains of thought:- the momentum methodology (employed by ETFs like NFEMOM, for example) is based on the premise that shares that are going up strongly will continue to go up. The momentum methodology says now is an excellent time to buy. On the other hand, the value methodology (employed by ETFs like NFEVAL for example) say you should buy when prices are cheap. This methodology says you should wait. I personally do Dollar-cost averaging by buying an equal amount monthly. This way, you get the best of both worlds. It might be something for you to consider (ie. buy R2k per month for three months). This way, whatever happens, you minimize downside risk. But otherwise, as for your question, with all short-term decisions in the market, you may as well roll a dice.
  39. 2 points
    Welcome to Volatility in Crypto buy and hold long term.
  40. 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%
  41. 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%
  42. 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.
  43. 1 point
    @SaurusDNA this is also a really nice website that tracks the corona virus (covid-19) in real time. What I like about it is there is only one 'pin' in the country and that contains all the info. In other words generally really a clean layout. https://infographics.channelnewsasia.com/covid-19/map.html
  44. 1 point
    FWIW: I've heard that the best time to renegotiate your interest rate is after two years of bond repayments.
  45. 1 point
    JSE: LAB https://www.google.com/search?q=jse:+lab&tbm=fin Got some for 58c. Will probably go up in smoke but might reach a very nice high.
  46. 1 point
    Man how do you keep still in a space this volatile? 1 minute I'm happy, next minute I'm really sad, then angry, happy. For amateurs like me, this dcx10 is fine for now, get to work on my feelings,
  47. 1 point
    For local ETFs, capital gains, distributions (dividends) and REIT income is tax free. For foreign ETFs, capital gains are tax free, but distributions (dividends) and REIT income is taxed by that country, so the only tax benefit to us within a TFIA is on capital gains. Thus, in order of tax benefits in a TFIA (from biggest to smallest): Local property ETFs have the biggest tax saving Local income ETFs (high dividends) Local equities Foreign equities Foreign income ETFs (high dividends) Foreign property ETFs have the lease tax benefit
  48. 1 point
    Hi. Not just yet, but it's on our road-map for release with e-commerce within the second half of this year.
  49. 1 point
  50. 1 point
    Welcome to Wills and Testaments 101 Why is a will important? A will instruct how you estate must be dealt with as per you last wishes. Clear instructions will make it easy for your relatives and you will avoid unnessary family disputes. What will happen if I do not have a will? Will all my assets go to the government? No, there are certain rules that must be followed for a intestate succession. You can read more about it here. Most South Africans do not have a will.... We want to create an interactive series showing members what the process is of drawing up a will and testament, consider the following scenario below which will act as the basis of this series. Joe wants to draw up a will for himself but are not sure where to start and how the process will work. We want to gather information about Joe from the forum. So it will be random information that will make up his estate. We will then work through the process on the forum with lots of time for questions and suggestions. The result will be a final will, but we will even go further and do an estate planning also. With the estate planning we will be able to see how the estate play out in rand value, what costs there will be, who will inherit what, etc. The process will be as follow: Part 1: Gather information - This post. Please post any facts of Joe here that you want to be added. Part 2: Facts of estate - All facts will be added here. Part 3: Gather questions - Any questions about the facts can be posted here. - WE ARE HERE NOW! Part 4: Prepare will - Published will can be seen here. Part 5: Questions on will - Any questions about the will can be posted here. Part 6: Prepare estate planning - Published estate planning can be seen here. Part 7: Wills and Testaments 101 - Questions on the estate planning Any questions/information can also be emailed to [email protected] or posted in this thread.
This leaderboard is set to Johannesburg/GMT+02:00


×
×
  • Create New...