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Author Topic: Live chat  (Read 2974411 times)

Datura

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« Reply #5490 on: April 05, 2017, 03:04:50 pm »
I dumped everything and went LON earlier.  Not in bottom 20 anymore :)
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jaDEB

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« Reply #5491 on: April 05, 2017, 03:22:25 pm »
@ Datura, now if only u did it in real life :) ...
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jaDEB

If it scares you, it's a sign you need to do it

Datura

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« Reply #5492 on: April 05, 2017, 03:27:34 pm »
I did it last year with LON.  Put in R1100 and took out R9500 the next afternoon
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Datura

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« Reply #5493 on: April 05, 2017, 03:28:01 pm »
Sorry, R7500
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jaDEB

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« Reply #5494 on: April 05, 2017, 03:39:02 pm »
Nice :)
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jaDEB

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Hamster

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« Reply #5495 on: April 06, 2017, 07:33:41 am »
Sold STXIND in TFSA so sitting with equal parts foreign, domestic and cash.... do sit on cash (earning 7%pa daily) and ride this out or buy more DIVTRX/PTXTEN now that it is cheap?
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Patrick

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« Reply #5496 on: April 06, 2017, 08:47:41 am »
Where are you getting 7% on cash?
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Hamster

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Re: Live chat
« Reply #5497 on: April 06, 2017, 09:40:40 am »
EasyEquities pays 7% interest (effective) on cash in the account and they recently switched to calculating it daily... 0.018%
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Hamster

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« Reply #5498 on: April 06, 2017, 09:41:00 am »
Basically a better deal than the banks :D
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Patrick

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« Reply #5499 on: April 06, 2017, 10:07:04 am »
I thought it might be that, but they actually take 1.75% of that for "managing" the cash for you: https://resources.easyequities.co.za/EasyEquities_CostProfile.pdf ABSA stockbrokers take 1% leaving you with 6%, so they're slightly better. That's where I keep my cash now, but I'm looking for a better option. I'd like to have my cash beating inflation, while still being available in a few days.
« Last Edit: April 06, 2017, 10:11:54 am by Patrick »
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Hamster

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Re: Live chat
« Reply #5500 on: April 06, 2017, 10:57:31 am »
Well, it's stuck in the TFSA so can't be moved and the rest is up and down every other day
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Hamster

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« Reply #5501 on: April 06, 2017, 11:00:13 am »
Doesn't ABSA have a minimum amount that needs to be in the account before interest will be paid? And it's monthly, not daily as far as I'm aware so EE has a slight compound advantage
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Patrick

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« Reply #5502 on: April 06, 2017, 01:05:00 pm »
Yeah, they only pay if you earn more than R30 interest in a month. I'll have to do the maths to see if the compounding makes them better. I do this with my cash before I move it offshore.
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Nivek

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« Reply #5503 on: April 07, 2017, 11:19:53 am »
Everyone must be out marching today, it's very quiet here.
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Patrick

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« Reply #5504 on: April 07, 2017, 01:43:04 pm »
Fitch has just downgraded us to junk :(
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