Purply

Haven't used either, so can't really say

Wonder why Purple Group jumped 42% this morning.

I'm cautiously optimistic that today is going to be another good day

Odd, I haven't lost anything today, which is usually what happens most days

" Fitch affirms South Africa's credit rating, keeps stable outlook" Guess we wait for December now

Purply, could you find out anything? Can be we perhaps phone her also? Phoned this morning after receiving no email reply. It appears some of their staff is away for "training seminar" and will only return tomorrow

Same goes for PPC, they also currently trading at below bargain prices, another long term investment by the look of things

We in the same boat, can't be that hard right

The is unfortunately the biggest downside of Taste, the fact that you need to invest in them for the long term. I've put in a smallish amount for now as I'm not prepared to wait forever to get a good return on my investment. I'll rather play the trading game with other stocks and let my money work for me rather than having it sit stagnant and do little over long periods of time. They will start climbing eventually, then and only then will I up my stake in them considerably.

I'm just as clueless as you on this one. My avg is currently R2.40 and will keep this one for at least the next year. Am also tempted in getting some more, but will only do so once it drops below R2, otherwise it doesn't really make that much of a difference.

I'm not sure if one can directly transfer monies out of the Just Invest account ie:.. directly EFT into Easy Equities, hence the question. Awaiting answers, will hopefully have some clarity today still.

I've mailed my business manager, hopefully she can assist.

can the three members sign at different branches when they open it? and then they perhaps send the signed stuff internally to the branch handling it? that's the only way I think of overcoming it That shouldn't be an issues as all signatures are kept digitally on record for said account. These records can be accessed by any branch for that purpose. This will however need to be done via their small business department.

Signatories are only required when making physical withdrawals at the bank. I'm assuming we will be using internet banking, if yes, then no signatories will be needed for withdrawals,you will however need to email/call them and give 24 hour notice so that they can release whatever amount you wanting to transfer out. This is where I start getting lost, where exactly will the money being "released for transfer" be transferred? Usually the Just Invest account is secondary to your normal banking account. I'm also assuming there will be a monthly charge for the internet banking part. Insight?

Skype Sunday 3pm here as well, first need to install Skype and figure out how it works though

I have a business account at Nedbank, including a Just Invest account. If you don't come right, let me know and I'll ask my nedbank business manager to answer whatever questions you have?

We only have around 3 -5 active forum members on here, perhaps an email with given date would suffice?

Holy smokes, I will NEVER give them any of my money, that's how horrible those designs are. Nope nope nope nope nope nope nope nope

Epic stuff, only 8 days remaining, hope everything gets done on time.

I'm still slightly confused how this is going to work since we currently don't know what the minimum monthly member contribution is going to be, but by the current look of things is might just stay at R250, which means we'll have to open two bank accounts since Nedbank Just Invest has a R500 minimum deposit limit. Or keep to one account, but then be limited to very poor interest rates? Unless Spreadsheet Ranger can twist Nedbanks arm to allow R250 deposits

I can understand your view on why you feel limiting is important, however looking at it from someones perspective that might want to invest 30 times more than the "average" contribution, wouldn't that cause potential members to turn away as they'd feel restricted? It's unit based system after all, your "voting power" doesn't increase the more units you have. Should be an interesting discussion when the time comes.

Would it be possible for a member to "go with the flow" and just always agree to whatever everyone else decides on, almost like giving proxy to someone else? Similar to being a silent partner in a business I guess.

10 members should be fine and great if we can reach that target before 15 July ( June might be pushing it as lots still needs to be done before then) From my understand all monies will be kept in "still to be selected" bank account up until enough funds are available to start distributed between "still to be selected" shares? If the above is correct, what is the amount we aiming to reach? Or are we just saving for 12 months straight without any given target?

No worries, all sorted now My laptop screen was tilted in such a way that I couldn't see the line in-between the "quoted area" and where I start writing my reply, if that makes any sense.

Ok great, thanks for the info. It's not 100% right though, but I can work with it