Quote from: NakedPeanut on August 28, 2015, 01:44:24 pmThinking of moving my ETF portfolio from ETFSA to EasyEquities.. Any opinions? I buy monthly via debit order and did the math, it's substantially cheaper to use EE, even with buying 4 shares monthly than the %pa cost of ETFSA..Only concern is reinvestment of dividends. ETFSA is a debit order and forget, where as EE needs bit more management.EE also doesn't have an adequate amount of ETF shares in "stock", e.g. divtrax can only buy R1600 at time...Due to the exact same reasons, I'm in the process of making a similar move from Satrix Direct (AOS Partners) to EE. Last debit order and subsequent purchase takes 40-days to 'clear' so my move should be concluded by 16 Sep. They charge R 170 per holding to transfer, but should be worth it in the long run, unless EE starts charging a p.a. fee too...Regarding auto divi re-investment, if I remember correctly, this is something EE are looking into 'for the future', but for the time being, you'll have to manually buy more with divi returns. Not a big pain for me, actually prefer it that way flexibility wise.The liquidity issues for some of the EE ETFs have been raised a couple of times on threads here - seems that a call to their call centre will sort that out - they might charge a fee (R50?) for this. I recently bought some on which the limit was about R3,5k per purchase - I just repeated the process a few times until I had the amount what I was looking for. I think it costs the same as any bulk purchase as there's no pricing tiers, but I might be wrong.From another poster in another thread, it seems that getting EE to show the correct base cost for all your transferred holdings might be a bit of an issue, since there are multiple purchases on the ETFSA portfolio due to DD. I simply calculated the base cost by taking total cost by number of shares held - that matched my Satrix total base cost and that is what I will provide EE to show as my base cost once my Satrix portfolio has transferred.
Thinking of moving my ETF portfolio from ETFSA to EasyEquities.. Any opinions? I buy monthly via debit order and did the math, it's substantially cheaper to use EE, even with buying 4 shares monthly than the %pa cost of ETFSA..Only concern is reinvestment of dividends. ETFSA is a debit order and forget, where as EE needs bit more management.EE also doesn't have an adequate amount of ETF shares in "stock", e.g. divtrax can only buy R1600 at time...
Rules is rules and stick to it. BTW @jaDEB, I cannot find your name on the challenge. Nor can I find mine. I last saw mine at 256. Please assist.
I would advise you to be very pedantic regarding base costs when switching your portfolio as it could significant implications when dealing with SARS on issues of CGT. Also I have a view that the receiving broker should record the original date on which you purchased the counters as the transfer from present to future broker is nothing more than an electronic transfer of counter volumes and there should be no price movements. When you come to sell a counter there should not be a necessity to convince SARS that you have held the counters longer than the prescribed 3 year period - the burden of proof should not be with you.So once transferred - just check that the new records reflect the reality of when you purchased the counters and that the base figures are reflective of when you purchased them
