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Messages - Delusionsofgrandeur

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76
Shares / Re: SAtrixindi
« on: July 29, 2013, 04:13:47 pm »
Orca-I have decided to rather re-open my old account and transfer the money to it,then take it from there.What a mission.

grc-I am on an annually renewable contract and I am still a citizen of RSA. I have to make it clear that I had an old bank account ,which was apparently closed due to insufficient funds.This is the account that I want to re-open.Will it have to be Fica'ed again?

77
Shares / Re: SAtrixindi
« on: July 29, 2013, 02:11:12 pm »
Thanks for your input.The only problem is that I am using a bank account in South Africa that is in my brothers name (Fn'B)

This is because my bank account was closed apparently due to insufficient funds.It has been closed for almost 2 years now.

So I think I would rather like to get my account Re-opened as a forum member suggested.Does anyone know exactly how to go about doing this?I am overseas right now and will be for the foreseeable future.

I will e-mail my Bank (Standard Bank),and ask them how to go about re-opening the account as a start.


78
Shares / Re: SAtrixindi
« on: July 19, 2013, 04:09:34 am »
Quote from: Orca on July 18, 2013, 05:19:26 pm
Quote from: Patrick on July 18, 2013, 03:45:32 pm
Do you have a south african bank account? It'll already be fica'd so you could simply add share trading to that.
He does say that he has R200K in FNB but I don't know how good their platform is.

I have a South African bank account with internet banking.

I heard that it is more expensive to use a bank as a platform,not sure if its true,but I may have no other choice in the matter right now,since I may probably not be able to forward new Fica documents to Imara,Allen Gray,Satrix,or whomever.

This puts a spanner in the works.I was looking forward to buying into that CML stock that's all the rage. Maby I'm abit too eager.

This is the Brokerage fees.Is it a good deal?
https://www.fnb.co.za/stock-broking/index.html

Does anyone have any insight on this matter?

79
Shares / SAtrixindi
« on: July 18, 2013, 09:15:32 am »
Hello All.

I hope I am posting this in the right place.

I have under R200 000 doing nothing in an FnB account for the past year.Its basically my savings,but I want to invest it.

I would like to invest it long-term.I am thinking of investing it aggressively.I am willing to take a risk if a fund/stock is likely to succeed and/or has a history of doing so.So I would say 50% money invested aggressively,and 50% of my money in a moderately aggressive fund/stock etc.

I have been looking at Unit trusts such as Coronation top 20,Coronation Industrial,Allen Gray Equity fund and Allen Gray Balance and was going to invest in a combination of 3 of those Trusts,mainly in the Allen Gray Equity fund.I am interested in investing in  equity.

More recently I have read that allot of your profits go to fund managers and I would like to avoid that.At the same time I know nothing about investments.

After reading some investment recommendations on forums on the web I would like to invest a good portion of my money with Satrix Indi. To cut out the middleman I was interested in buying shares directly on JSE from SAtrixindi.

I am not in country so I cannot go directly to a stock website like  http://trade.imara.co/imaraco/,since they require too much documentation to be acquired and handed in person.

Do you have any suggestions for a newbie like me?

I am South African but do not work in the country,so easy internet access to things is a plus.

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