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Topics - Patrick

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9
Shares / My 15 minutes of fame
« on: May 28, 2018, 10:20:15 am »
Kristia from just one lap grabbed me at the 100th podcast celebration as the other speaker was running late. Happily she never told me it was going to be recorded, or even that I would be speaking otherwise I'd have been far more nervous  :-X

Link: https://justonelap.com/podcast-how-to-be-financially-independent-with-patrick-mckay/

11
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...

12
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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