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UK "OUT" voters now seeing the consequences are having second thoughts and would have voted "IN" had they known. They did not listen or attend the road shows of both camps.

Yeah multiply by 100 to get from cents to Rands (or move the comma 2 places to the left as you say)

Quote from: JP on May 31, 2016, 01:43:50 pm

Good day,

I am stressing a bit about the developments in SA. How can one take a lump sum out of SA or would be the best option? Would the DBX-WLD tracker be such an option?

Regards

the dbx wld will be a way to safeguard against ZAR devaluing against the dollar yes. but you cant "Draw" it out if you are overseas. thus the cash is technically still in south africa.

you can use global accounts, which should be available at most banks i think., but for now your best option is to put it into the DBX world, and then to draw out as needed- or cashing out completely should you need to skip country.

i am also interested to see what other options there are otherwise.

never sell

that's a hard lesson to stick by!!!!!!!!!!!!!!!

On another note ... has anyone used their TFSA to trade ETF's ? I have two full years ready to go and super interested in trying this

Quote from: Hamster on May 11, 2016, 11:24:25 am

Would telling people in the article what ETF to buy initially be considered as financial advise?

EDIT: Oh, now that I actually clicked through all the slides I see you went with ASHT40

Good question. I didn't want to make that choice for people, but you do get some who have absolutely no clue, in which case I think a low cost top40 fund is probably as close to a general decision as you could make, and reasonable safe too. If DBXWD was cheaper, I'd probably have gone with that, but I still think 0.67% is too high. Maybe I should change the slide and mention it.