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Quick question: Money Market Unit Trust fund yield/distribution, is it considered interest? Or dividends?
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For those doing an once of lump sum into your TFSA. ABSA waives the inactivity fee of your TFSA once your full yearly allocation has been reach.
Nice tip their RayRay, I already have a Virgin money card, I'll have to take advantage of the interest free period. just a question, of you pay for fuel is it also interest free for 55 days?As far as I have experienced, yes it is. I only buy fuel (and pay tolls) with my credit card. Have not seen any interest charges on my statements.
So I'm planning to move from FNB to Capitec, anyone here use Capitec? Anything I need to know before I close my FNB account?I've been using Capitec for close to 5 years now. I love it. Use in conjunction with a Virgin Money credit card (Free). Do all my spending on the credit card, up to 55 days interest free. Let your money sit in the Capitec account until your credit card is due, settle the debt in full, repeat process. This way you get all the interest goodness of a large balance in your Capitec account, and interest free "borrowing" for 55 days.
CoreShares fixed their bug. I saw it per chance just now, they never bothered calling back. Anyway, new fees comparison:Hamster, would you mind giving a breakdown of the total cost for each platform, please? ABSA TFSA and ABSA ETF Only fees differ. Was the investment amount the total transaction including fees? Or the value of shares purchased? My fees are based on value of shares purchased.
Invest: R1000
Total Cost CoreShares: R11.92
Total Cost EasyEquites: R3.14
Total Cost ABSA: R 35.01 TFSA R9.17/ETF Only R37.51 Incl VAT*
Invest: R10,000
Total Cost CoreShares: R20.92
Total Cost EasyEquities: R31.28
Total Cost ABSA: R35.03 TFSA R52.21/ETF Only R60.03 Incl VAT*
Invest R20,000
Total Cost CoreShares: R30.92
Total Cost EasyEquities: R62.54
Total Cost ABSA: R57.67 TFSA/ETF Only R100.03 Incl VAT*
ABSA has limit orders though which means that if you are patient enough you could get a good deal by buying at a lower price than you would on EasyEquities or CoreShares.