7276
I've seen it happen a few times, specially with shares that aren't traded often. All I can think is that they are competing in a challenge like this and want to manipulate the prices. Which share was this?
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7279
Shares / Re: Which platform to use?
« on: September 16, 2014, 09:44:32 am »Anyone used their platform before?
From their site:
Quote
Please note: The EasyEquities website will only go live on the 15th October 2014.
I'll keep an eye on this one.
7280
Shares / Re: Which platform to use?
« on: September 16, 2014, 09:42:05 am »
Hmm, easy equities looks good. No monthly fee, no minimum brokerage, only 0.25%. Very very good infact. Anyone used their platform before?
7284
Shares / Re: Which platform to use?
« on: September 12, 2014, 01:12:58 pm »
If you trade more than 5 times a year ABSA doesn't charge the annual fee?
There's some useful information here too:
http://shareforum.co.za/shares/fnb-share-investor-platform-vs-stockbroker-vs-fund-manager/
There's some useful information here too:
http://shareforum.co.za/shares/fnb-share-investor-platform-vs-stockbroker-vs-fund-manager/
7288
Shares / Re: Pulverized Sand Box
« on: September 08, 2014, 11:02:56 am »
When did the vote appear? I answered I will buy see below:
STXIND, but I don't think you wanted that answer
STXIND, but I don't think you wanted that answer
7289
Shares / Re: FNB Share Investor Platform vs Stockbroker vs Fund Manager
« on: September 08, 2014, 10:55:12 am »
Interesting question, looks like you're trying to eke out every last rand, which sounds like such small amounts, but even small amounts compound!
You're pretty much spot on. But you need to remember that the satrix charge is every year, so basically if your investment ever reaches that R130k level it would be better off in a stockbroker account.
If you had a stockbroker account without an annual charge then it's a no brainer. ABSA has no annual charge provided I trade 5x a year. The minimum fee is R120, so I need to trade R150k a year to make the maximum benefit.
I've read in some moneyweb comments that you can actually transfer your holdings out of satrix into a stockbroker account just before the fees are due and pay no fees. Apparently you can even transfer back afterwards, but likely that's abusing the system. I've never used satrix directly myself so I don't have all the details.
I've heard computershare has no annual fee, and only charges 0.25% per transaction, but never done the research there either. I've once sent them a mail but they never got back so I'm not sure how good there customer service would be in that case.
You're pretty much spot on. But you need to remember that the satrix charge is every year, so basically if your investment ever reaches that R130k level it would be better off in a stockbroker account.
If you had a stockbroker account without an annual charge then it's a no brainer. ABSA has no annual charge provided I trade 5x a year. The minimum fee is R120, so I need to trade R150k a year to make the maximum benefit.
I've read in some moneyweb comments that you can actually transfer your holdings out of satrix into a stockbroker account just before the fees are due and pay no fees. Apparently you can even transfer back afterwards, but likely that's abusing the system. I've never used satrix directly myself so I don't have all the details.
I've heard computershare has no annual fee, and only charges 0.25% per transaction, but never done the research there either. I've once sent them a mail but they never got back so I'm not sure how good there customer service would be in that case.
7290
Shares / Re: African Bank
« on: September 05, 2014, 10:01:01 am »
Shame, poor Leon has to sell his R60 mil house now: http://www.iol.co.za/business/companies/ex-african-bank-boss-firm-puts-r60m-home-on-sale-1.1745469#.VAltcMlutTc