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Hi,

Does anybody here use Computershare at all? It seems you can get a individual custody account from them without monthly fees. But to buy/sell is on the expensive side, R1 - R40k @ R135 (I think ex vat) - but includes stt,strate etc as they bulk trade once a day I believe.

Maybe an alternative for the guys looking at another option of holding shares without monthly fees other than EE.

ok, bye..
 

I have to admit, its tempting.. The cheap (almost no) fees, the promise of 'greener postures' etc etc

I've tested them out +-3 years ago. Was worried at the time of them being 'newish', and their platform felt literally like a kids shop. So I stuck with Standard bank OST.

Fast forward +-3 years and many monthly admin fees later from OST, I find myself wondering again if I should switch to EE. To be clear, I personally only invest in a TFSA (ETF's) and normal investment account (ETF's) (apart from a RA from Sygnia). So technically there is not much more OST can offer me vs EE as an ETF investor......

EXCEPT comfort - that is something that R100pm (yes, its now R100! pm) can buy me. Why? I'm not sure, I'm in my late 30s and EE's marketing feels like its aimed at the 20 year olds (or teenagers) - you know.. the guy/girl with R100 in their pocket wanting to buy Naspers, etc etc.

I was about to switch to ABSA SBs... Then, adding to the current predicament - my wife and daughter's TFSA is about to get f'n charged for at ABSA Stock brokers. (bankers.... I'll keep it at that), and now new fees being charged on ETF only accounts.

It makes you wonder if these fees from the banks' stock brokers are really worthwhile. In a world full of fraud and corruption, SA inc in corporate audit scandals.. perhaps?