Author Topic: Live chat  (Read 2927342 times)

Patrick

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Re: Live chat
« Reply #2070 on: May 04, 2015, 11:52:28 am »
Anyone know what a brokers trustee fee is? I have the following lines on my account and I don't know what they're for. It's not for an admin fee as that one is called ADMIN FEES. Could it be related to the interest perhaps, as the amount changes depending on how much interest I pay. Anyone?
2015-04-30 JOURNAL GROSS INTEREST 15/03/28-15/04/30 R1,690.54CR R5,054.01CR
2015-04-30 JOURNAL BROKER TRUSTEES FEE R256.05DR R4,797.96CR
2015-04-30 JOURNAL VAT @ 14,00% R35.85DR R4,762.11CR

gcr

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Re: Live chat
« Reply #2071 on: May 04, 2015, 12:13:35 pm »
I think all brokers are charging these fees - I am with Nedbank and there was an explanation some time back, I will see if I can find what they said this was a result of - what I do recall is that it is taken by the all consuming government (including the VAT)
Not everything that counts, can be counted, and, not everything that can be counted counts - Albert Einstein

jaDEB

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« Reply #2072 on: May 04, 2015, 01:44:55 pm »
I also have it. But mine is small amount, packet of smokes :)
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ntshizat

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« Reply #2073 on: May 05, 2015, 09:06:14 am »
any idea on wer one can put away 20k

Patrick

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« Reply #2074 on: May 05, 2015, 09:18:35 am »
Hi Ntshizat, how long do you want to put it away for? Are you putting any money into a tax free savings account yet? If you aren't that's a good option for the long term. Some details here: http://investorchallenge.co.za/lets-all-be-guilty-of-tax-avoidanc

ntshizat

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« Reply #2075 on: May 05, 2015, 09:36:53 am »
Hi Patrick am putting away 2000 in tax free savings via old mutual since april. For 20 k am looking to put it away for long be it in unit trusts or shares

Patrick

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Re: Live chat
« Reply #2076 on: May 05, 2015, 10:40:22 am »
Now while I'm not a licensed financial advisor, so I'm not allowed to tell you what to do, I can tell you what I do. I think unit trusts are too expensive, I wrote a blog about it actually. Instead I have an account with easy equities, and I use that to buy the satrix indi. It's done very very well over it's lifetime, and I expect it to keep doing better than the general South African market. Perhaps start a post in the shares forum and people will offer more advice.

ntshizat

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« Reply #2077 on: May 05, 2015, 10:58:48 am »
thanks alot admin

Orca

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Re: Live chat
« Reply #2078 on: May 05, 2015, 11:45:18 am »
NEWFSA was included at an anomalous price in the competition.
I started here with nothing and still have most of it left.

Patrick

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« Reply #2079 on: May 05, 2015, 02:02:18 pm »
Yes I see that, I'll look into it.

jaDEB

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« Reply #2080 on: May 05, 2015, 04:50:51 pm »
Can some1 please give APN some drugs......  :'(
jaDEB

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jaDEB

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« Reply #2081 on: May 05, 2015, 05:10:33 pm »
At least my buy high, sell low philosophy is still intact.
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Orca

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« Reply #2082 on: May 05, 2015, 07:56:10 pm »
APN is in a downtrend so stay out. No reversal in sight yet.
I started here with nothing and still have most of it left.

jaDEB

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« Reply #2083 on: May 06, 2015, 12:43:37 pm »
Frikkie is getting a Hiding
jaDEB

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jaDEB

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« Reply #2084 on: May 06, 2015, 12:59:59 pm »
APN down 6% :'(
jaDEB

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