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SlimArchi last won the day on November 4 2018

SlimArchi had the most liked content!

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About SlimArchi

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  • Birthday 01/01/1970

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  1. SlimArchi

    Tyme Bank

    So I’ve noticed that Tyme bank is up and running. They don’t charge monthly fees and it’s mainly pay for what you use. But what I’m interested in is their upper limited of 10% that you can earn on your savings account. Does anyone know if this is compound interest as it should be or is it simple?
  2. SlimArchi

    What effect will financing a vehicle have on my home loan

    I’m not a tax expert, but usually if an amount is received by you that’s not for your own benefit then it’s not included in your gross income and not taxed. There might be other reasons but you should probably speak with a tax consultant.
  3. SlimArchi

    What effect will financing a vehicle have on my home loan

    I’m not too sure of the circumstances of the truck agreement but I’d be weary about it. It seems as if the business stops payments (because of bankruptcy etc.) it would be your name and credit score that is damaged. You also may not have a claim on the asset if you aren’t one of their creditors so it could get taken away and you’re left with monthly installments to pay. This could cause you to default on payments and then will obviously fair quite badly when trying to get a home loan.
  4. SlimArchi

    Satrix Momentum ETF

    Thanks for that you may have just convinced me to switch! Been thinking about using a platform with a better interface for a while now.
  5. SlimArchi

    Satrix Momentum ETF

    That does seem very nice! It reminds me of MetaTrader. Does it have buy/sell limits and stop losses or trailing stop losses?
  6. SlimArchi

    Satrix Momentum ETF

    I think this has been discussed before, but who else would you recommend trading shares through? One of the banks?
  7. SlimArchi

    Satrix Momentum ETF

    What was their screw up? The thrive thing is very annoying though...
  8. SlimArchi

    Personal Expense Trimming

    A TFSA is more for the long term and I think a lot of the older generations are too old to take advantage of this. Also because if your TFSA is with equities, it is a lot riskier and most people cannot take on such a risk. Furthermore, a TFSA is useless if you’re just going to be putting cash into it (if it’s a bank account with your bank)and trying to earn interest. This is because they normally offer low interest (5-6%) which could be outrun by inflation- meaning that you’re actually losing money. Also, you already get tax exemptions of up to R23 800 or so on interest per year anyways and I doubt the majority of people have enough cash to earn this much interest. In order to take full advantage of a TFSA, you should have one with a unit trust provider or stock broker. Your gains and Dividends will then be tax free and this could lead to extremely large savings. (Feel free to correct me if I’m wrong) So I’d say be happy that your bank don’t provide one because this allows you to open up a TFSA with a different broker.
  9. SlimArchi

    Global ETF

    Thank Saurus, that has helped a lot! I actually have a bit of SYG4IR in my TFSA. It seems like it was doing quite well but I noticed a bit of a drop this week. I’ll definitely take your words to mind. I’ve been caught up between just keeping some cash in a bank account and getting around 5.3% interest or going into ETFs. It is short term for 6-12 months so I was leaning towards the investment account. But with markets the way they are this week I thought it would be a good time to get in and diversify a bit.
  10. SlimArchi

    Global ETF

    And seeing as though tech stocks are down perhaps this would be a good time to purchase STXNDQ
  11. SlimArchi

    Global ETF

    And a combination? Perhaps all three in proportion or would that lead me to double investing in certain markets or stocks?
  12. SlimArchi

    Global ETF

    Thanks Bandit!
  13. SlimArchi

    Global ETF

    I’ve been looking at investing into a global ETF. I’ll be making monthly deposits. Any suggestions on a moderate/all round ETF? Preferably available on Easyequities and not too heavily weighted in property. Perhaps the Stanlib world index feeder? Thanks
  14. SlimArchi

    Pembury Lifestyle Group (PEM)

    I read their financial statements and it gave the impression that management are all over the place. I think I’m selling as soon as the suspension is lifted if the price is still decent . I don’t really trust the management any more.
  15. SlimArchi

    Pembury Lifestyle Group (PEM)

    So now that the 7th of September has passed, does it mean PLG will be delisted? Or can the JSE still make a consideration to extend the deadline?