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Bandit last won the day on May 18

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About Bandit

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    Keeper of the Ban Hammer

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  1. Uhm, no idea what my credit score was but it's good. Haven't checked in a long time but never missing a payment for over a decade does that. This was for a 100% loan so interest rates weren't as competitive, but I opted to rather put the deposit into the access facility. Told her I wanted FNB. So she went to ABSA, Standard Bank and Nedbank first. Nedbank responded with prime-0.15, ABSA with something like Prime+3 and Standard Bank somewhere in between. Then sent the Nedbank offer to FNB who immediately matched it. We didn't negotiate much further because of the 100% bond. Since then and with the interest rates that fell I moved to Investec and in the process of moving my bond to them as well. A bit early, have to pay bond attorneys again (although, Investec discount) and I get Prime-0.65% which means I'm now on 6.6%. Also move my vehicle finance to them at Prime-0.5%. So very happy. In the grand scheme of things the extra round of bond fees is not the worst and I just want to get away from FNB as a whole. Not advisable unless you've done the calculations and happy with the financial impact (you shouldn't be.... something wrong with me) Lessons: If you want to negotiate, put down a 20% deposit Make sure you're happy with whomever gives you the loan because moving too soon is not cost effective
  2. I used Betterbond. But I bought from a developer and the estate agents made use of them. In other words - I don't remember paying for their services (not sure how they get paid).
  3. Keep us updated then
  4. Bandit

    American airlines

    Uhm... Easy Equities? https://platform.easyequities.co.za/Equity/Details?ContractCode=EQU.US.AAL Whether it is a good idea or not I cannot tell you, maybe it is due for a rebound? Looks like a train wreck though but it can't fall much further. Why not invest in something like Visa or Mastercard?
  5. What does this mean?
  6. Well, if you provide a free platform with stop loss and limit order functionality I'll definitely be keeping an out on it, but after that FCSA number etc
  7. Cool.... do you have an FSCA number?
  8. 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...
  9. I briefly cashed out everything and bought back in the dip (or rather, what I thought was the dip) which worked out pretty well for me. I've since reinvested everything in phases and not really looking at selling again. My point being that I think the major panic and stupidity is over and I am investing every month like always. As for the MSCI world: after I sold it I didn't buy it again. I prefer ASHGEQ. My holdings are: ASHGEQ (50%) ETF5IT (35%) SMART (15%) And on the side: ETFRHO DCX10
  10. 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 come filing season. However, ETFs (or most of them) fall under a category called a Collective Investment Scheme and from some sources I've read the selling of these are always considered CGT regardless of the time it was held. You'll need to ask a tax professional to clear this up for you. I generally do not worry too much about it. Come filing season Easy Equities will issue you an IT3 certificate and you'll use it to complete your tax return.
  11. According to my iPhone (which shows I'm a very boring person): Browser - 60% Facebook - 20% Lightroom, Instagram, Whatsapp, Telegram, Teams, Linkedin - 20%
  12. Ignoring additional costs of transferring money, if the Rand drops from R18.40 to R15.40 it is a loss of -16.67%. If your blue chips are going to grow by more than that in the short term it may be worth it. If it is long term and regular monthly/quarterly investments I personally wouldn't worry about it.
  13. Well, 100 basis points = 1%, therefore 20 basis points is 0.2% Make of that what you will. There is also ABSA's platform https://www.absastockbrokers.co.za/ but if I wasn't after a powerful platform and looking for long term investing Easy Equities' USD account works well enough.
  14. 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.
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