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Messages - Patrick

Pages: 1 ... 398 399 [400] 401 402 ... 575
5986
Off topic / Live chat
« on: June 24, 2016, 07:53:46 am »
Ouch R15.60 now.

5987
Off topic / Live chat
« on: June 24, 2016, 07:51:57 am »
Have a look here, rand hit second hardest after pound: http://www.bloomberg.com/news/articles/2016-06-24/u-k-referendum-roils-global-currencies-from-australia-to-mexico#media-1

5988
Off topic / Live chat
« on: June 24, 2016, 07:51:35 am »
Yes, I locked in when it was R14.70, the transaction cost me 1% for R14.85.

5989
Off topic / Live chat
« on: June 24, 2016, 07:45:54 am »
I only managed to get 1 bar out on Tuesday, cost me R14.85. Takes about 4 days to clear apparently and then another 3 to get into my brokerage account, so I can't even go bargain hunting today :(

5990
Off topic / Live chat
« on: June 24, 2016, 06:25:19 am »
what will the JSE do I wonder, and why on earth did the rand drop so far :(

5991
Off topic / Live chat
« on: June 24, 2016, 06:11:18 am »
OMG

5992
Off topic / Live chat
« on: June 23, 2016, 03:50:52 pm »
Yes but one day you'll have a million dollars and then it will be :)

5993
Off topic / Live chat
« on: June 23, 2016, 03:06:26 pm »
The custodian fees. 0.1% doesn't sound like much, but it would be $500 a year on a $500 000 account. I'd rather keep all my cash.

5994
Off topic / Live chat
« on: June 23, 2016, 12:35:35 pm »
Rand at R14.40, and I need another week and a half to get SARS etc in order... Hope it stays...

5995
Off topic / Live chat
« on: June 23, 2016, 11:10:33 am »
Yes, but to move more than a bar you need sars clearance.

5996
Off topic / Live chat
« on: June 23, 2016, 10:17:37 am »
I'm just happy keeping an eye on the improving rand. Funny, but after 9/12, I said if the Rand ever got down to the pre 9/12 levels I'd then move my money out. I missed the April strength, now I'm busy applying for clearance etc.

5997
Off topic / Re: So an interesting thing happened to me on Easy Equities...
« on: June 23, 2016, 10:14:32 am »
Just caught this now. Quite worrying, I wonder what would have happened if you never complained. I always thought the shares were registered in your actual name at the JSE, so regardless of what easy equities would show, you couldn't in reality lose anything...

They also made a mistake on my account quite early on. Dividends due to go into my TFSA actually went into my regular account. They sent me a mail saying it happened to a few people and would be reversed, but I still have R250 odd in my regular account, an account I have never made a deposit into.

I've had so many back and forward emails, but the money is still there...

5998
Off topic / Live chat
« on: June 23, 2016, 09:58:43 am »
That's pretty cool, thanks jaDEB.

5999
Off topic / Live chat
« on: June 22, 2016, 03:00:41 pm »
@indexer, I was looking at the UK site: http://www.tddirectinvesting.co.uk/rates-and-charges/ but fortunately it seems on the .com site all they list is 45 Euro per quarter. That isn't bad at all. I pity the poor Brits though. And of course any South African's using ABSA etc. I see Saxo also charges 0.12% custody fees. I'm still drawing up a will, and the instruction will be to transfer the holdings into a different account, and not to sell anything!

6000
Off topic / Live chat
« on: June 22, 2016, 12:44:43 pm »
@indexer, yes I looked into the estate duty which is why I'm buying an Irish domiciled fund. Cash is still and issue, but the risk of me selling more than $60k is very low. I need less than half that to live for a year. The risk of me selling $60k and then dying before I have a chance to re-invest is probably ludicrously low. I'll accept that risk, and avoid the guaranteed custodian fees with TD. Those fees would add up. At 0.3% per year someone with $500k would have to pay $1500 a year. If you anticipate that you'd withdraw 4% or $20k a year, at TD you'd only be able to draw $18.5k. That's basically a month's drawdown you give back to the broker.

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