Jump to content

How to start investing


Bandit
 Share

Recommended Posts

 

Easiest (considering you already have an ABSA Stockbroker account) is to buy the NEWUSD ETN. Will effectively track the USD exchange rate with ZAR. You do not own USD though, when you cash out it becomes ZAR again. You are saving quite a bit on transfer costs etc.

 

If you want actual USD - open an FNB Global Account and transfer into it. Done.

 

To do actual/active forex trading though you may want to look at another solution which these are not.

 

Thanks Hamster. much appreciated.

Link to comment
Share on other sites

  • 4 months later...

Hi Guys

 

If you are interested, we have something on our website which allows you to calculate exactly how long it will take you to reach financial independence (that point where the income from your investments is greater than your salary):

 

http://www.pdsnet.co.za/index.php/financial-freedom-calculator/

 

Thought it was relevant to the above discussion.

PDSnet - Share Trading Software and Educationhttp://www.pdsnet.co.za/http://www.pdsnet.co.za/index.php/pdsnet-articles/

Link to comment
Share on other sites

  • 1 year later...

Hi everyone. Some very interesting info here. I’m very new to investing and hence have already made some mistakes. My question is perhaps an obvious one, but bear with me.

 

Like a true beginner, I bought some stocks on Easy Equities, however I transferred my funds into the ZAR account. No big deal, I can sell my shares and transfer the money across to my TFSA. My question is one of taxation: say I made money on those sales, is it OK to just transfer the lot into the TFSA? Does my money only get taxed once it comes out of Easy Equities and into my bank account?

I hope I’ve understood this correctly, but it seems to me that I’m allowed to do this.

 

Cheers

Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Restore formatting

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

 Share

×
×
  • Create New...