Author Topic: Live chat  (Read 1845491 times)

gcr

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Re: Live chat
« Reply #2550 on: August 31, 2015, 03:17:16 pm »
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...

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.
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
Not everything that counts, can be counted, and, not everything that can be counted counts - Albert Einstein

gcr

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« Reply #2551 on: August 31, 2015, 03:25:05 pm »
Patrick - as a matter of interest why is Taste Holdings not on our list of counter to take into our portfolios. Can you incorporate?
Not everything that counts, can be counted, and, not everything that can be counted counts - Albert Einstein

Patrick

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« Reply #2552 on: August 31, 2015, 04:05:22 pm »
Yes, I'm not sure why it isn't there. Initially it was decided anything that trades over R1 and more than 16 times a day.

Orca

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Re: Live chat
« Reply #2553 on: August 31, 2015, 08:40:23 pm »
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.
« Last Edit: August 31, 2015, 08:43:25 pm by Orca »
I started here with nothing and still have most of it left.

gcr

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Re: Live chat
« Reply #2554 on: August 31, 2015, 08:58:31 pm »
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.
Rules are rules until they are challenged, so in essence you subscribe to the penny stocks that are included in the list of choice
Not everything that counts, can be counted, and, not everything that can be counted counts - Albert Einstein

Broke(r)

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Re: Live chat
« Reply #2555 on: August 31, 2015, 09:31:15 pm »
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

Thanks, some very valid points - I didn't consider the tax implication.
Anyone with experience on transferring into EE? Holdings with multiple purchases at multiple price-points - is the EE portal showing this correctly for you?

jaDEB

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« Reply #2556 on: September 01, 2015, 08:13:46 am »
@ Orca, u need to look higher, I is 65th ... :)
jaDEB

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jaDEB

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« Reply #2557 on: September 01, 2015, 08:16:47 am »
oohhhh, looks like Frikkie is visiting today ...
jaDEB

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Moneypenny

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« Reply #2558 on: September 01, 2015, 09:25:30 am »
Ag nee sies man

Patrick

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« Reply #2559 on: September 01, 2015, 09:53:28 am »

jaDEB

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« Reply #2560 on: September 01, 2015, 10:16:08 am »
Shorts - Frikkie - LOL = nightmares
jaDEB

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Moneypenny

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Re: Live chat
« Reply #2561 on: September 01, 2015, 11:29:25 am »
@P:  No, I've been dormant since late June, need a break from trading now and then or I will lose all contact with reality  :D  I saw that article, just wow! @j:  Don't go there :)
 

jaDEB

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« Reply #2562 on: September 01, 2015, 11:32:44 am »
Japanese trader "For him the basic rule is: “Buy stocks that are being bought, and sell stocks that are being sold.”"
jaDEB

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Moonraker

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« Reply #2563 on: September 01, 2015, 01:52:00 pm »
Ha..ha..ha - Must be in a bit of a quandry when there is indiscriminate selling of stocks.

Tefofo

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« Reply #2564 on: September 01, 2015, 02:15:43 pm »
How do I get the moola?