6661
ILU 6.21 cents - LDT: 28 Aug 2015
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6671
Shares / Re: Easy Equities, any opinions?
« on: August 05, 2015, 04:07:21 pm »BTW
Have just received results in the post from Naspers, which I only own through EE. This means, I guess, that my name is listed on the JSE/ Compushare/ whatever as the owner - not only with EE.
So it seems, besides the fractional ownership, it's exactly the same as having your account with anyone else - just cheaper.
Good to know. I plan to use them in future when I can't hurt the trade amount for minimum fees with ABSA stock brokers. Weirdly I'll be switching my tfsa to ABSA as they're cheaper by 0.05%!
6672
The Investor Challenge / Re: Blog post: Can you retire before 40?
« on: August 03, 2015, 05:35:27 pm »Slight OT (ETF vs individual share holdings)Yeah not a stretch at all. I've often thought about re-creating an ETF myself to save the fees. I guess it depends on your costs for rebalancing everytime you're out of sync. Maybe it's worth doing an experiment with a small amount of money to see what the costs would be. Easy Equities not having a minimum transaction fee makes me think it could be done, I'm just not sure there'd be a big saving.
Satrix Indi top holdings
SHARE No Units Value (Rm) % of Fund
NASPERS-N 185 665 347.19 17.65%
SABMILLER 504 034 320.57 16.30%
RICHEMONT 2 573 579 251.46 12.79%
MTN GROUP 901 761 184.86 9.40%
SASOL 283 881 117.01 5.95%
I don't think it's a big leap to assume that most investors maybe be holding these shares individually. Satrix Indi ETF Fees: 0.45 to 0.75% and Easy Equities: 0.67%
Are you a Mustachian? http://www.mrmoneymustache.com/
Yes, I'm patrickza on mmm.
Surely it would be better to buy a property ETF for the TFSA, as you would normally pay income tax on that, and leave the DIVTRX outside the TFSA (as you only pay 15% on the dividends). The Property ETF will also pay out a higher yield than the DIVTRX (But is subject to higher taxes), so if you can avoid the tax on that, isn't that the better option?That would be the best way to do it BEFORE retirement, as then you would be paying tax in the property ETF, but post retirement you wouldn't. As you can switch your holdings inside your TFSA it doesn't really matter, just grow your funds as fast as possible, and then structure them later.
6673
Off topic / Re: Live chat
« on: August 03, 2015, 11:05:57 am »
I'll check it out this evening Orca.
6674
Off topic / Re: Live chat
« on: August 01, 2015, 07:35:35 am »
Sorry to hear jaDEB, was there at least a decent payout to hold her over until she finds another job?