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How to start investing

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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.

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Hey guys, thank you for the value dropped in this thread!

 

Pleasure...now tell all your friends! :)


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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/

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Some scrolling issues on the mobile site in portrait mode. Landscape solves it.

 

Nice tool though,but struggling to interpret the results. I'll try on a laptop tomorrow :)


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