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Messages - Hamster

Pages: 1 ... 34 35 [36]
526
Shares / Re: RA or the other stuff
« on: May 13, 2013, 11:46:40 am »
Shot guys :)

My car is at about 10.5% I think. I will have a look at moving the money out of the MM and into an FD (Fixed deposit?) or investment accounts etc. and keep a small "emergency fund" there.

Thanks again.

527
Shares / Re: RA or the other stuff
« on: May 11, 2013, 06:00:04 pm »
So it seems like the only person advising on the RA is the financial advisor because my parents are also advising against it (for now).

Is it worth dumping money into the car though and paying that off ASAP or should the next bonus rather be. Lump sum into some kind of investment account?

528
Shares / RA or the other stuff
« on: May 11, 2013, 11:01:27 am »
Since you guys generally know a bit more about money I was hoping I might get an "opinion" out of some of you.

I recently got a raise and have cleared up some debt. My only current debt is on my car which I paid a BIG deposit on. The monthly instalment is about R2000. I do not own property and not really wish to buy any time soon since I don't want to be "trapped" in JHB if I suddenly get a job opportunity in say CPT.

I've got an RA going but I contribute a minimal amount to it (just for the sake of having it). On top of that I have monthly payments into a coronation fund and recently started using FNB's share saver (which my fin advisor does not know about). The rest I keep in a money market which earns crap interest.

My financial advisor reckons I should push as much money as I can into the car and get it paid off and then up the other amounts I pay into the RA and fund. Does this make sense?

Would you rather push extra money into the car, RA, coronation fund or share saver?

529
Shares / Re: FNB Share Saver
« on: May 06, 2013, 06:43:59 pm »
I didn't consider Standard Bank at all. I'm already an FNB client and it took me about clicks to open the account and arrange the money per month to be paid. I'll leave it like this for a while and probably increase the amount per month by quite a bit.


Costs:

0 - 250,000 = 0.4% pa plus VAT
* - 1,000,000 = 0.35% pa plus VAT
and 0.3% pa plus VAT after that

Brokerage fee is 0.1% plus VAT on 1st trading day of the month.

https://www.fnb.co.za/share-investing/share-saver.html

530
Shares / Re: FNB Share Saver
« on: May 05, 2013, 01:28:38 am »
It does, somewhere. Will have to go find it.

But if I look at those figures it looks like a good place to put some money into (long term)

531
Shares / FNB Share Saver
« on: May 04, 2013, 07:08:51 am »
So I opened a Share Saver account the other day just for the hell of it to see how it works etc, but I am considering pushing more funds in there.

To the financial n00b in me it looks like a "SATRIX with less paper work to get started". Anybody here got any opinions regarding this service? Is it possible to guess the % growth we can expect from it (surely there must be a similar product out there that can give a rough indication)?

532
Off topic / Re: Spammers spammers everywhere!
« on: May 04, 2013, 07:01:57 am »
Seems like the Borat people have got nothing better to do :/

533
The Investor Challenge / Re: investor challenge
« on: May 04, 2013, 07:00:37 am »
Quote from: Moneypenny on May 02, 2013, 10:47:24 am
;D just caught my eye, we have a Peanut, a Nakedpeanut and a Hamster ;D have to keep them apart!

Sh*t's about to get REAL up in here!

534
The Investor Challenge / Re: investor challenge
« on: May 02, 2013, 10:28:03 am »
Awesome!

Btw, can you change the formatting of the money value on the leaderboard? The decimals are not set to two places (ie. round numbers display as R5000 instead of R5000.00 and 20c display as R0.2 instead of R0.20)

535
The Investor Challenge / Re: investor challenge
« on: May 01, 2013, 10:25:17 am »
Question, since this is turning out to be quite fun, will you run/reset this comp every year?

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