Show Posts

This section allows you to view all posts made by this member. Note that you can only see posts made in areas you currently have access to.

Messages - Christine Swart

Pages: [1]
Shares / Re: Is Easy Equities safe? Opinions?
« on: January 12, 2018, 09:50:18 pm »
Thanks everyone, this is reassuring. 

gcr, suppose I buy shares in a Vanguard ETF with EE as my broker.  Then does *Vanguard* know I own the shares?  So does "the shares are registered in my name" mean "Vanguard keeps a register of who has shares in its EFTs and my name is on it (next to certain numbered shares?)"?  Or does Vanguard think the shares are owned by EE, and it's only EE's internal accounting that assigns the shares to me?  Is that what "nominee" means?  Is EE my nominee? 

Patrick, when you say EE is expensive for US EFTs, are you referring to the costs of buying and selling, which seems to be 0.56%?  But the TER is the same as the one published by Vanguard on its fact sheet, right?  Or is that also expensive?  I'm more worried about the recurring costs than the one-off I think.   

Shares / Is Easy Equities safe? Opinions?
« on: January 11, 2018, 02:55:40 pm »
Hi Patrick, I'm interested in the Easy Equities USD account.  Have you looked at the question of who would have to go bust for me to lose my shares?  Because I understand the shares will actually remain in someone else's name, not mine?  And if so, who is that?  First World Trading, i.e., Easy Equities?  Or a US Bank (maybe Citibank, which would make me feel ok maybe)?  Or someone else?  And is this something I should be worried about?  I've been told that if I use PSG they're a lot more expensive, but the shares end up in my name?       

Pages: [1]