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O.o Patrick, show me the money! 
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The Investor Challenge / Re: Share price purchase timed to perfection...
« on: January 10, 2015, 04:45:06 pm »
Glad to see I'm not the only one banking on Pinnacle making a recovery 
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The Investor Challenge / Re: Blog post: Those $%@#$^ fees are blatantly robbing you
« on: January 07, 2015, 09:56:42 am »
"I’d rather not be a gambling man so I’m going to give this a miss personally." - as quoted from the blog.
I have a different perception that may make it easier to take risks.
Gambling is merely risk vs. reward, and so is everything in life. There are good gambles and there are bad gambles. A good gamble is when the reward is greater than the risk. A bad gamble is vice versa. If you perform good gambles consistently in life then statistically you should be better off for it
Easy!
How do you turn an investment or trade into a good gamble? Risk analysis. Do the fundamental and the technical. And practice it so that your ability to spot the good and the bad improves. Then it only becomes logical to pursue those gambles - in fact you'd be silly not to.
Climbing in your car to go to work is a gamble
I have a different perception that may make it easier to take risks.
Gambling is merely risk vs. reward, and so is everything in life. There are good gambles and there are bad gambles. A good gamble is when the reward is greater than the risk. A bad gamble is vice versa. If you perform good gambles consistently in life then statistically you should be better off for it
Easy! How do you turn an investment or trade into a good gamble? Risk analysis. Do the fundamental and the technical. And practice it so that your ability to spot the good and the bad improves. Then it only becomes logical to pursue those gambles - in fact you'd be silly not to.
Climbing in your car to go to work is a gamble
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Off topic / Re: FNB Share Investor Query
« on: September 22, 2014, 02:39:57 pm »
What's also just occurred to me is that I will be charged that fee again when I sell, except the 0.25% which only applies to buy orders.
Which means when you buy in, depending on how much you spend, you are already down a significant % before you start to make a profit. I'm not sure if that discourages anyone else...
Over and above that is of course the tax if I trade rather than invest long term. With the first 30k being tax free I believe.
http://www.sars.gov.za/AllDocs/OpsDocs/Guides/LAPD-IT-G11%20-%20Tax%20Guide%20for%20Share%20Owners%20-%20External%20Guide.pdf
It's a lot to take in at a beginner level
Which means when you buy in, depending on how much you spend, you are already down a significant % before you start to make a profit. I'm not sure if that discourages anyone else...
Over and above that is of course the tax if I trade rather than invest long term. With the first 30k being tax free I believe.
http://www.sars.gov.za/AllDocs/OpsDocs/Guides/LAPD-IT-G11%20-%20Tax%20Guide%20for%20Share%20Owners%20-%20External%20Guide.pdf
It's a lot to take in at a beginner level
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Off topic / Re: FNB Share Investor Query
« on: September 22, 2014, 02:22:21 pm »
I would be interested to know if other trading platforms you guys use offer better rates? Not that I know whether this is bad or not, but still interesting to compare.
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Off topic / Re: FNB Share Investor Query
« on: September 22, 2014, 02:16:31 pm »
I contacted the bank and apparently the broker fees gets added to the "what I spent" limit. Which is nice to have as an accurate calculation I guess.
So that adds up then...
The guy on the phone also added that the "best price" rather than the "limit" option could have factored, but I think mine was confirmed at 54.89 based on the SMS and email. Because I don't think SHF went above R55 on the 19th anyway.
So at 340 shares (18.8k) the fees bolted it up by nearly 54 cents a share. Which means the trade would have cost me R184-00. Which is roughly 1%.
So lets compare:
Share Investor customers are charged an account fee of R49 per month with the following charges per trade:
Brokerage of 0.6% (excl. VAT) or a minimum of R80 (excl. VAT)
Investor protection levy (IPL) of 0.0002% (excl. VAT) of capital investment
STRATE fee of 0.005459% with a minimum of R10.95 and a maximum of R54.59 (all excl. VAT)
Securities Transfer Tax (STT) of 0.25% on the capital investment. This charge applies only to BUY transactions.
0.6% * 18662.6 = R111.98 (Exceeds minimum Brokerage Fee)
0.0002% * 18662.6 = R0.04 cents
0.005459 * 18662.6 = R1.02
0.25% * 18662.6 = R46.65
=R159.69 + 14% VAT = R22.35
=182.04 (Close to R184 but I rounded off a lot...)
All in the learning experience Good for other new entries in the market to know...
So that adds up then...
The guy on the phone also added that the "best price" rather than the "limit" option could have factored, but I think mine was confirmed at 54.89 based on the SMS and email. Because I don't think SHF went above R55 on the 19th anyway.
So at 340 shares (18.8k) the fees bolted it up by nearly 54 cents a share. Which means the trade would have cost me R184-00. Which is roughly 1%.
So lets compare:
Share Investor customers are charged an account fee of R49 per month with the following charges per trade:
Brokerage of 0.6% (excl. VAT) or a minimum of R80 (excl. VAT)
Investor protection levy (IPL) of 0.0002% (excl. VAT) of capital investment
STRATE fee of 0.005459% with a minimum of R10.95 and a maximum of R54.59 (all excl. VAT)
Securities Transfer Tax (STT) of 0.25% on the capital investment. This charge applies only to BUY transactions.
0.6% * 18662.6 = R111.98 (Exceeds minimum Brokerage Fee)
0.0002% * 18662.6 = R0.04 cents
0.005459 * 18662.6 = R1.02
0.25% * 18662.6 = R46.65
=R159.69 + 14% VAT = R22.35
=182.04 (Close to R184 but I rounded off a lot...)
All in the learning experience
Good for other new entries in the market to know... 12
Off topic / FNB Share Investor Query
« on: September 22, 2014, 11:38:49 am »
Hey all,
So I took the plunge and bought real shares. Finally I'm in the market, and probably stand to lose a lot as a beginner but live and learn I guess... At least I have put in what I can afford.
Anyway just a quick query, maybe something I've missed or did not read in the fine print somewhere...
On FNB Share Investor a couple days ago I went in at 54.89 on SHF. The buy-in was confirmed at this price and I have the SMS/Email etc... to show it.
But today it says on my portfolio that purchase price is 55.44?
Is this maybe including all the fees? Hope this isn't a real newbie question...
It does say that it takes 5 days "for the trade to settle". And that I will be SMS'd every step of the way... but this didn't seem to occur so I doubt it is that.
So I took the plunge and bought real shares. Finally I'm in the market, and probably stand to lose a lot as a beginner
but live and learn I guess... At least I have put in what I can afford.Anyway just a quick query, maybe something I've missed or did not read in the fine print somewhere...
On FNB Share Investor a couple days ago I went in at 54.89 on SHF. The buy-in was confirmed at this price and I have the SMS/Email etc... to show it.
But today it says on my portfolio that purchase price is 55.44?
Is this maybe including all the fees? Hope this isn't a real newbie question...
It does say that it takes 5 days "for the trade to settle". And that I will be SMS'd every step of the way... but this didn't seem to occur so I doubt it is that.