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Messages - RayRay

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Off topic / Live chat
« on: January 21, 2019, 09:08:27 am »
Quick question: Money Market Unit Trust fund yield/distribution, is it considered interest? Or dividends?

Shares / Re: ABSA stockbrokers becoming more expensive
« on: May 10, 2018, 09:09:18 am »

For those doing an once of lump sum into your TFSA. ABSA waives the inactivity fee of your TFSA once your full yearly allocation has been reach.

This makes me very happy  :)

Thanks Zilch, welcome

Off topic / Live chat
« on: February 27, 2018, 06:39:39 pm »

Off topic / Live chat
« on: December 13, 2017, 09:55:21 am »
Maybe 20 December?
Are you referring to NDZ or JZ?

Off topic / Re: Live chat
« on: November 22, 2017, 03:27:38 pm »
Sygnia Itrix 4th Industrial Revolution Global Equity ETF IPO


Off topic / Re: Live chat
« on: November 22, 2017, 07:33:32 am »
Noted, thank you.

Off topic / Re: Live chat
« on: November 21, 2017, 03:46:10 pm »
"Thank you for contacting Absa Stockbrokers and Portfolio Management.
 Please note that the TFS account only has an approved list of ETF’s that are tradable on the account.
 Ashgeq is not a part of the approved list."  :wtf:
You say it's on the EE TFSA list, Hamster?

Off topic / Re: Live chat
« on: November 21, 2017, 01:41:57 pm »
Sent an email to ABSA. Let's see what the response is.

Off topic / Re: Live chat
« on: November 21, 2017, 12:54:30 pm »
Yes, I am also able to see it in my Absa Stockbrokers ETF Only account, but not in my TFSA account. The list I am referring to is the "Available TFSA Instruments" list.

Off topic / Re: Live chat
« on: November 21, 2017, 12:08:57 pm »
Any reason why ASHGEQ is not on the ABSA TFSA ETF list?

Off topic / Re: Live chat
« on: November 13, 2017, 07:33:13 am »
Hamster, I did not claim it to be a feature of Capitec Virgin Money. Simply pointed out that you could, and should, use the interest period to your advantage. Also, some users might not have credit cards and/or know how the interest free period works.

Off topic / Re: Live chat
« on: November 13, 2017, 07:15:54 am »
Nice tip their RayRay, I already have a Virgin money card, I'll have to take advantage of the interest free period. just a question, of you pay for fuel is it also interest free for 55 days?
As far as I have experienced, yes it is. I only buy fuel (and pay tolls) with my credit card. Have not seen any interest charges on my statements.

Off topic / Re: Live chat
« on: November 12, 2017, 07:39:56 am »
So I'm planning to move from FNB to Capitec, anyone here use Capitec? Anything I need to know before I close my FNB account?
I've been using Capitec for close to 5 years now. I love it. Use in conjunction with a Virgin Money credit card (Free). Do all my spending on the credit card, up to 55 days interest free. Let your money sit in the Capitec account until your credit card is due, settle the debt in full, repeat process. This way you get all the interest goodness of a large balance in your Capitec account, and interest free "borrowing" for 55 days.

Shares / Re: CoreShares Investment Platform
« on: May 22, 2017, 07:34:38 pm »
Thanks! For some reason, ABSA's strate fee is percentage based, and not the minimum R10.92 Ex VAT? I checked it on an order too.

I am so confused right now.

Shares / Re: CoreShares Investment Platform
« on: May 22, 2017, 03:26:10 pm »
CoreShares fixed their bug. I saw it per chance just now, they never bothered calling back. Anyway, new fees comparison:

Invest: R1000
Total Cost CoreShares: R11.92
Total Cost EasyEquites: R3.14
Total Cost ABSA: R 35.01 TFSA R9.17/ETF Only R37.51 Incl VAT*

Invest: R10,000
Total Cost CoreShares: R20.92
Total Cost EasyEquities: R31.28
Total Cost ABSA: R35.03 TFSA R52.21/ETF Only R60.03 Incl VAT*

Invest R20,000
Total Cost CoreShares: R30.92
Total Cost EasyEquities: R62.54
Total Cost ABSA: R57.67 TFSA/ETF Only R100.03 Incl VAT*

ABSA has limit orders though which means that if you are patient enough you could get a good deal by buying at a lower price than you would on EasyEquities or CoreShares.
Hamster, would you mind giving a breakdown of the total cost for each platform, please? ABSA TFSA and ABSA ETF Only fees differ. Was the investment amount the total transaction including fees? Or the value of shares purchased? My fees are based on value of shares purchased.
I checked the estimated cost using Absa cost breakdown calculator. Fees based on R1000, R10 000, R20 000 share value purchase*

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