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Off topic / Re: Transferring money overseas, any tips?
« on: February 23, 2016, 11:28:29 pm »
And opening that overseas bank account, man its difficult to find proper info on this, if indeed you find any.
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http://www.moneyweb.co.za/news/companies-and-deals/coronation-has-been-a-better-investment-than-its-unit-trusts/
So Moneyweb agree with me. Don't buy a unit trust, buy the company providing them. Over time they make more money out of your unit trust than you do!
Thought about that. But here is my worry. They make all their money from their fees. Especially from questionable fees like performance fees. This cannot last. Every day people are getting wiser to the rip off that is the fee systems of these companies. This can only lead to two things. One, people continue investing more money in ETFs and less in actively managed funds or, two, these companies will drastically have to decrease the fees they charge. Either way their bottom lines are going to be hit and they are going to be hit hard. So would you still go long on them?
Share | Code | % of Equities |
ADAPTIT | ADI | 4.81% |
ASPEN | APN | 9.04% |
RICHEMONT | CFR | 5.01% |
CAPITEC | CPI | 8.19% |
DBX USA | DBXUS | 5.10% |
DBX WORLD | DBXWD | 4.76% |
METAIR | MTA | 3.16% |
MTN GROUP | MTN | 3.79% |
NASPERS-N- | NPN | 6.05% |
NOVUS | NVS | 0.59% |
OLDMUTUAL | OML | 5.08% |
PERGRIN | PGR | 4.16% |
PROPXTEN | PTXTEN | 4.51% |
STEINHOFF | SHF | 4.65% |
SHOPRIT | SHP | 7.16% |
SANTOVA | SNV | 5.00% |
SASOL | SOL | 8.56% |
SATRIX FINI | STXFIN | 4.69% |
SATRIX INDI | STXIND | 4.92% |
Cash | Cash | 0.76% |
I would like to find out if ABSA is considering offering to its clients on its absastockbrokers.co.za, the ability to buy foreign/overseas shares and EFT,
that get traded on other exchanges, than the JSE?
Thank you for contacting Absa Stockbrokers.
Please note that we are introducing offshore trading towards the end of the year.