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Author Topic: Live chat  (Read 2975082 times)

Orca

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« Reply #4095 on: June 21, 2016, 11:03:20 am »
#Patrick.https://www.absastockbrokers.co.za/absa-public/productsSelfManaged.xsp
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gcr

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Re: Live chat
« Reply #4096 on: June 21, 2016, 12:12:18 pm »
I have a conundrum which some forum peoples may have experienced and got a solution to the problem

I want to buy a further 500,000 (NUT) at 1 cent (I have no problem waiting weeks to have the order executed), but I don't want to place the order myself over my brokers on line system as the chances are high that the order will not be executed in a single parcel, thus for every transaction executed it would incur brokerage per transaction. My brokers are not prepared to make it known to other brokers within the country that they have an order for 500,000 shares and then establish what the other brokers have to sell so that the parcel can be fully met. Initially they put me onto a portfolio manager who confirmed that this could not be done, but they were more than eager to assist with my portfolio and evaluate buys and sells.
So my question is has any other forum person been confronted with such a problem and whether their brokers assisted them with such a purchase/sale
Would be interested in knowing, as some 45 years ago when I was in a scrip department this was a normal function of stockbrokers in those days.

Thanks in anticipation to responses 
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Patrick

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« Reply #4097 on: June 21, 2016, 12:21:26 pm »
Hi Orca, is there something specific I should be looking at on the link?
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jaDEB

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« Reply #4098 on: June 21, 2016, 12:42:37 pm »
I sold my AVL, 4 trades same time, but diff prices. and trade cost was same as if I sold 1 trade.
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Orca

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Re: Live chat
« Reply #4099 on: June 21, 2016, 12:43:54 pm »
Scroll down to "World Trader" and click on "Read more". Just a comparison to whatever broker you are going to use for foreign investment.
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gcr

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Re: Live chat
« Reply #4100 on: June 21, 2016, 12:59:55 pm »
Quote from: jaDEB on June 21, 2016, 12:42:37 pm
I sold my AVL, 4 trades same time, but diff prices. and trade cost was same as if I sold 1 trade.
If one or more trades are executed on the same day then you pay brokerage based on a single sale, however if it is only partially filled and it rolls over to the next day then you pay brokerage for the first days transaction and then brokerage is charged at the next days transactions
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jaDEB

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« Reply #4101 on: June 21, 2016, 01:02:08 pm »
Sorry, why are you buying NUT ?
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jaDEB

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gcr

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Re: Live chat
« Reply #4102 on: June 21, 2016, 02:58:50 pm »
Quote from: jaDEB on June 21, 2016, 01:02:08 pm
Sorry, why are you buying NUT ?
These are my high risk shares in my portfolio and I want them to climb to 10 cents over the next 5 years and if they do I will make a bucket load of cash. They may even consolidate their shares in the future maybe on a 100 : 1 basis ( I am hoping they go this route once they get themselves sorted out). Should they go nowhere and get liquidated then I will use the loss to offset CGT on shares that I sell in the future. They have been as high as 4 cents in the last year, but if I lose out then I can afford to take the knock
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jaDEB

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« Reply #4103 on: June 21, 2016, 03:13:10 pm »
THanks, will add it to my list :)
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jaDEB

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Q

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« Reply #4104 on: June 21, 2016, 04:52:03 pm »
FEDERAL RESERVE WARNS: Stocks are looking expensive
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Orca

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Re: Live chat
« Reply #4105 on: June 21, 2016, 05:12:33 pm »
Friday may be a black Friday for UK. Trading suspension for the FTSE and a halt on the exchange rate mechanism to stop the pound getting pounded is expected.---Sorros.
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FSD

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« Reply #4106 on: June 21, 2016, 05:17:12 pm »
Wonder what spread & margin requirements will be like Thursday & Friday for GBP with brokerages protecting themselves against a possible repeat of CHF massacre last year
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Orca

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« Reply #4107 on: June 21, 2016, 05:32:08 pm »
Trading of the GBP may be suspended.
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jaDEB

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« Reply #4108 on: June 22, 2016, 08:00:07 am »
Morning
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jaDEB

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Patrick

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« Reply #4109 on: June 22, 2016, 11:10:00 am »
@orca, thanks, I looked at them, but I found that for me it is far cheaper that I use Interactive Brokers. Their fees are very low, for the london exchange, where I buy VWRD, they charge just 0.08% or 1 pound minimum. Also there are no custodian fees which ABSA has. There is a minimum in fees of $10 a month, so if you don't do a trade in that month they will charge $10. This falls away once you reach $100 000 in holdings, so it's also a good account to buy and hold for the long term.
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