Share Forum - Discuss JSE shares and join the Investor Challenge

My guess is because there isn't a top 100 ETF, it looks like they're joining the top 40 index with the midcap index inside their own wrapper. EE doesn't have the equivalent, so you can't move it directly.

It shouldn't be a problem as long you you never withdraw any cash (apart from transaction fees), get them to move it.

Hi Sophie

I only stumbled across your message today. Hope you have found a solution. Personally, I used Easy Equities. Work good for me.
I transfer straight from my foreign bank account into City Bank EE USD. Money reflects in a couple of hours ready for investing. Have done this for the last year and cannot complain. Once I have enough and feel limited to EE. You can transfer to Interactive Brokers like here, https://investorchallenge.co.za/investing-properly-offshore-in-3-easy-steps/

Reason I do this:
*I prefer to have my currency in something stronger than RAND.
*I have a great fear in what happened to Venezuela
*I do not want to be limited to move money out of SA once I have permanently located somewhere else. (If all else fails and end up back in SA, you can still sell shares for monthly income and have proceeds paid into SA bank account)

Both me and my fiancé do the above and hope to achieve FIRE in a couple of years. 

After being away from SA, I only now realize how volatile RAND is. I am lucky enough to have the benefit of receiving a foreign salary and spend it in local currency Zambia. Just cannot beat the benefit of buying goods which seems to be getting cheaper month to month. Groceries 
But then again, I only shop for bargains.

All other things that are linked to the exchange rate, at least we keep up with the increasing prices.

Regards

Thanks Shi - I'm aware of that but I do hold some in my portfolio and I want to buy some more - the share should rise above R 1 as they get to grips with the fiasco - which could happen before year end and I want to speculate on the ride to above R1

What's your forecast gcr? Worth a punt?

@gcr, shares under R1 not included in list.

SSW is fixed, it was using the other source rather than google, but it's back to google now. Wasn't a non-update issue thank goodness, I'm still cautiously optomistic that the non-updates are over...