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Apparently the ZAR weakness is (at least in part) due to funds moving to the Turkish Lira after they had a bigger than expected interest rate rise.
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Off topic / Re: Live chat
« on: November 30, 2017, 08:10:53 am »If you have a reasonable standing with your broker there should be no need to wait the 3 days - this ruling has everything to do with banks clearing periods where funds flow from one institution to another, but even today with ACB there is no need to hold onto these clearing rules.
Since all scrip today is held electronically and you don't have paper share certificates which have to be dematerialized of certificates split it is ludicrous that the broker insists on the window period
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My thoughts exactly. What made it worse was that they told me that I can always deposit new funds & then draw that amount again afterwards. No problem, right? Except that this was in a TFSA...so if you withdraw any amount, you lose that "forever". Just bad advice I think.
Anyway, the brokerage on the amount I wanted to buy won't be gigantic, but ja, still would have been nice.
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Off topic / Re: Live chat
« on: November 29, 2017, 07:38:56 am »Can't buy the IPO on EE though because it says there are no available funds in the account. The same screen says differently at the top, but hey, I'm sure their support staff will eventually open the tick and fix it.
I really hate that site. If it wasn't so cheap and convenient... *sigh*
I have the same issue...Sold some GLPROP to move over to this 2 days ago, but getting the same error. Asked them on twitter & they responded saying you can't buy IPOs with uncleared funds.
So, now I wait for 6 Dec like you.
If any other broker removes their minimum trade limits I will definitely move!
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Off topic / Re: Early car loan repayments
« on: November 20, 2017, 03:46:43 pm »So let's assume a "bad" financial decision is imminent and you want to buy a car. For the sake of the example we take the possibly worst option and finance it with a balloon payment (let's assume R200k with a 25% balloon (R50k) over 60 months). You stumble across a lump sum and pay off some of the debt. Do you:
1. Reduce your monthly repayment amount (sopay less each month)
2. Reduce the term of your loan (pay the same amount but for a shorter time meaning less interest)
3. Pay off the balloon amount.
Asking for a friend.
From my own experience (Wesbank), we only paid something like R375 for early "termination" in 2015. At the time the account was linked to my FNB account & we just started paying in R1000pm extra when we could. We kept our monthly payments constant as we had no other debt. It was really cool to see the number of months that we still need to pay come down steadily.
If you have the full R50k now, maybe pay off the balloon if possible? I think it would have the biggest impact (interest savings) seeing that there is still six years of payments left (If I understand you correctly).
Otherwise paying in the full amount would probably reduce the term quite a lot, also a big win.
By the way, I didn't even know its an option to pay the balloon amount at any time...I always just assumed that you had to wait till the end.
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Off topic / Re: Live chat
« on: November 20, 2017, 03:31:14 pm »Hey JohnnyH, I had a quick look. It's not bad, but it's TER is 0.45%. You can get more diversification from the Satrix World Feeder at just 0.31%, so I can't see any reason why anyone would buy the Ashburton fund.
Thanks Patrick
Some differences are, the ASH1200 includes some Emerging Markets which I like & pays quarterly divs (will be small yes, but I still like it), so I hope the additional 0.1% TER is worth it for the EM exposure.
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Off topic / Re: Live chat
« on: November 20, 2017, 12:31:22 pm »
@Patrick have you had a look at the new-ish Ashburton Global 1200 ETF? I quite like this as a "buy only one ETF" product. Thoughts?
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Shares / Re: 888 experiment.
« on: October 27, 2017, 03:18:48 pm »1 st year completed
Divi received - R7734. So around 8.4%
Unfortunately - capital has taken a bit of a hit, value is now R83946 - a loss of R7936 - was worse a month or so back. All in the red bar Fairvest (even) and Mara Delta in the green
So all in around even at the moment,
On the bright side they are all growing dividends well - and pretty happy with my choices. Pity I did not buy them a few months later - would have got 10% bang for my buck.
Another year has passed
I would like to know if this worked out for you to date?
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Off topic / Re: Live chat
« on: September 21, 2017, 03:58:59 pm »Am I reading the SENS right: CTOP50 is paying more in dividends/REIT than PTXTEN?!
I have halved my PTXTEN & Added STXPRO...I am hoping that I can get a better Div flow from them!
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Shares / Re: Bitcoins
« on: September 13, 2017, 10:08:15 am »
Now down to ~55k??
Seems the hype is fading...?
Seems the hype is fading...?