16
Off topic / Re: Live chat
« on: May 03, 2018, 02:39:00 pm »
Conspiracy!
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17
The Investor Challenge / Re: Blog post: You need a TFSA and here is the only place you should get one
« on: May 03, 2018, 11:54:23 am »May be an interesting exercise to get forum ikes to list what they are holding in their TFSA's
STXQUA, STXEMG, STXWDM, PTXTEN and then recently I bought some STXNDQ with the dividends (so nothing significant at all
)
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The Investor Challenge / Re: Blog post: You need a TFSA and here is the only place you should get one
« on: May 03, 2018, 11:50:57 am »Have you got details on the liberty stash? I called them when they launched because their website claimed a 0% TER and that's just too good to be true. On the phone they confirmed it, but it's just not possible. There must be a catch somewhere, I just haven't found it yet.
My problem with Liberty Stash is that they promote is as a "bank your change tax free!" which you can then cash out and spend:
Quote
Cash out whenever
Your Stash is yours to do what you want with it. No complicated cash out rules or delays.
Comes across as if they are taking advantage of the uninformed to make use of their TFSA as a short term savings account. It just doesn't feel right.
That said, their target market isn't me/us. IMO, if you are serious about your investments you wouldn't bother. Now if they were to offer Stash as a non-TFSA product I'd probably jump on it.
20
The Investor Challenge / Re: Blog post: You need a TFSA and here is the only place you should get one
« on: May 03, 2018, 07:57:09 am »
I wouldn't say EasyEquities is the only place you should get a TFSA. Speaking purely from a product/features point of view and not the execution of it, it is one of if not the best.
Before I continue I need to get something of my chest first: *clears throat* .. SCREW YOU ABSA!!!
BUT, different strokes for different folks. Not everybody out there is an emotionally mature investor and I'd argue that most aren't. The downside of EE is that it gives you so many options of ETFs and makes it so easy to buy, sell and swap them which in itself makes for a bad investment strategy.
Costs aside, a unit trust based TFSA like Allan Gray's Balanced Fund or similar funded via a debit order may work better for most investors. They set it up and forget about it. No changing between funds because Sygnia released a new ETF tracking cryptos, weed or whatever and no rebalancing because local shares have been doing great over the last year and I am now overexposed. Just a R2750 debit order going off every month.
Now you can achieve the same with EE because of they allow debit orders, which is great, but you have alternatives with fewer features which might be more effective: CoreShares, Sygnia etc. If Costs are absolutely EVERYTHING to you then sure, EE is the way to go but it shouldn't be.
Another option worth exploring is FNB's Horizon Unit Trusts. Yes, they come with costs which I haven't fully explored but if eBucks is your thing you'll gain points for making use of it which can result in quite a lot of savings, more in savings and cash back than the total amount of charges from any platform out there.
So I beg to differ - it is not the only place you should get one. (on a separate note, is EE actually profitable or bleeding money and how sure are we they'll be around in 5 year's time?)
Idea for next article: the one TFSA you should NEVER use (Liberty Stash).
Before I continue I need to get something of my chest first: *clears throat* .. SCREW YOU ABSA!!!
BUT, different strokes for different folks. Not everybody out there is an emotionally mature investor and I'd argue that most aren't. The downside of EE is that it gives you so many options of ETFs and makes it so easy to buy, sell and swap them which in itself makes for a bad investment strategy.
Costs aside, a unit trust based TFSA like Allan Gray's Balanced Fund or similar funded via a debit order may work better for most investors. They set it up and forget about it. No changing between funds because Sygnia released a new ETF tracking cryptos, weed or whatever and no rebalancing because local shares have been doing great over the last year and I am now overexposed. Just a R2750 debit order going off every month.
Now you can achieve the same with EE because of they allow debit orders, which is great, but you have alternatives with fewer features which might be more effective: CoreShares, Sygnia etc. If Costs are absolutely EVERYTHING to you then sure, EE is the way to go but it shouldn't be.
Another option worth exploring is FNB's Horizon Unit Trusts. Yes, they come with costs which I haven't fully explored but if eBucks is your thing you'll gain points for making use of it which can result in quite a lot of savings, more in savings and cash back than the total amount of charges from any platform out there.
So I beg to differ - it is not the only place you should get one. (on a separate note, is EE actually profitable or bleeding money and how sure are we they'll be around in 5 year's time?)
Idea for next article: the one TFSA you should NEVER use (Liberty Stash).
21
Shares / Re: CoreShares Investment Platform
« on: May 03, 2018, 07:32:55 am »Hamster, I went through the hell that is ABSA Fica and now have this open, Going to transfer portfolio from EE to ABSA, will then wait till we able to transfer TFSA, any idea when that is?I went through the same hell and planned to do just that, but since ABSA released their inactivity fee I've reversed the decision. Now going from ABSA to EE, have you decided what to do with yours?
@Hamster, aside from only being able to use only coreshares ETFs are there any monthly/annual/inactivity type fees with coreshares?
As far as I can tell (and I haven't investigated this in depth) there is only an annual charge that is a "concern". R300 pa for R100,000 invested (EDIT: as per above). It's actually not a lot but still there. If you don't mind EE then EE is a better option IMO. I'm not the biggest fan so I want an alternative.
I'll run it for a while with small amounts of money and see what happens. I'd like to transfer my TFSA from EE but except for Allan Gray/Coronation I don't really see any alternatives except Sygnia maybe.
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Shares / Re: CoreShares Investment Platform
« on: May 02, 2018, 11:03:25 am »Hamster, I went through the hell that is ABSA Fica and now have this open, Going to transfer portfolio from EE to ABSA, will then wait till we able to transfer TFSA, any idea when that is?If Treasury is to be believed, 1 March 2018. But I'll believe it when I see it.
I guess we can believe Treasury
So, in my hunt for an alternative to ABSA that is not EE I came across CoreShares again... *pondering*
23
Shares / Re: ABSA stockbrokers becoming more expensive
« on: April 23, 2018, 06:21:58 am »That would be a huge problem, that means that I would lose all my contribution limits? Meaning I would have to sell, transfer the money out of the TFSA in to my bank account and then into EE.
No man, they/you sell the ETFs within and transfer the cash from one TFSA/BDA to another. You don't cash out to a bank account.
Cash is the common currency/denominator between all the TFSAs. Example, if I had a unit trust TFSA from FNB and wanted to move it to EE which only uses ETFs there will be no other way other than to sell the unit trust and use the cash to buy ETFs - you cannot transfer the unit trusts. I don't know what would happen if you transfer ETFs from one provider to another though, maybe you can do a normal securities transfer or treasury took the one-solution-fits-all approach and you transfer cash.
Either way, you are transferring your TFSA between providers, regardless of what is in it, so no contribution limits will be affected.
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Shares / Re: ABSA stockbrokers becoming more expensive
« on: April 22, 2018, 08:43:45 am »Talking about the standard account. As you say the TFSA is free to move.
For those that are interested is R171 per counter - going up to R200 in May.
Hi, can you please clarify if moving a TFSA is free? My TFSA is currently with absa as well and I'll definitely be moving to EasyE, but can only do so next month (May)
I'm really upset with absa still over their new fee's and for me to pay R200 per ETF (i'm still a student) is ridiculous .
The only thing they said on twitter to me was ''were sorry to see you go'' , yeah whatever. I opened my TFSA with EE this week, waiting for my docs to be ficad.
A couple of guys moved from FNB to EE and it was free. The only cost that might be involved is if they do not transfer the shares between the platforms and require you to sell it and move the money (transaction fees).
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Off topic / Re: Taking the plunge to EE or not
« on: April 18, 2018, 10:27:01 am »I was actually planning to blog a little about TFSAs this month and how there really is only one provider to use now which is EE.
EE vs. Sygnia's index tracking unit trusts?
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Shares / Re: ABSA stockbrokers becoming more expensive
« on: April 12, 2018, 10:16:45 am »
They could implement more user-friendly functionality like, oh I dunno, debit orders with automatic At Market trades. That would've given EE a run for their money.
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Shares / Re: ABSA stockbrokers becoming more expensive
« on: April 10, 2018, 06:00:51 pm »
Well, was cashing out my ETF only portfolio anyway. Thought I'd leave a tiny bit to keep it going but they can go ahead and just close it after I'm done. Luckily (and this was close) I never moved my TFSA to them from EE. It'll have to stay there for now.
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Off topic / Re: Live chat
« on: April 09, 2018, 11:13:29 am »
Well. it was good while it lasted I guess...
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Off topic / Re: Live chat
« on: April 03, 2018, 12:01:14 pm »
GIVRES is probably your best bet in a TFSA.