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Topics - Patrick

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Shares / This is what catching a falling knife looks like
« on: April 13, 2018, 10:07:44 am »
Luckily it's just a game here, but some people do this in real life too...

Shares / ABSA stockbrokers becoming more expensive
« on: April 09, 2018, 11:03:49 am »
They've created an inactivity fee of R35 for every 60 days you don't transact. As someone who funds their TFSA in a lump sum this won't do for me.

They've done the same with their ETF only account, and for their regular account they now require you to trade 3 times per month before they waive the monthly fee. That one used to be trade 5 times a year and pay no fees, then it was no fees AFTER your 5th trade per year, now it's 3 times per month.

I don't like companies that behave this way, I find it very dishonest. The least they could have done would be to grandfather the rule for current users and only apply it to newcomers. As such I have already sent in the form to move my TFSA to Easy Equities, goodbye ABSA.

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