Recent Posts

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21
Off topic / Live chat
« Last post by Oversix on April 23, 2018, 12:04:04 pm »
Think i got lucky for pulling all my funds from dividend shares to GIVRES etf my tfsa is up by 7k in less then 2-3 weeks
22
Introductions / Re: Another new member
« Last post by Patrick on April 23, 2018, 11:20:43 am »
Welcome.

I always wish I knew more about investment when I was your age. I spent years just putting money into a <2% interest bank account. You'll be sitting on a really decent investment account one day if you keep it up.
23
Shares / Re: ABSA stockbrokers becoming more expensive
« Last post by Duan on April 23, 2018, 10:40:18 am »
That would be a huge problem, that means that I would lose all my contribution limits? Meaning I would have to sell, transfer the money out of the TFSA in to my bank account and then into EE.

No man, they/you sell the ETFs within and transfer the cash from one TFSA/BDA to another. You don't cash out to a bank account.

Cash is the common currency/denominator between all the TFSAs. Example, if I had a unit trust TFSA from FNB and wanted to move it to EE which only uses ETFs there will be no other way other than to sell the unit trust and use the cash to buy ETFs - you cannot transfer the unit trusts. I don't know what would happen if you transfer ETFs from one provider to another though, maybe you can do a normal securities transfer or treasury took the one-solution-fits-all approach and you transfer cash.

Either way, you are transferring your TFSA between providers, regardless of what is in it, so no contribution limits will be affected.

Ahh I see, Sorry i didn't quite understand the whole process on how they do it. Thank you for the clarification.
24
Off topic / Live chat
« Last post by jaDEB on April 23, 2018, 09:32:21 am »
Rant @ R12.19
25
Introductions / Re: Another new member
« Last post by Moneypenny on April 23, 2018, 09:11:42 am »
I love ETF's, I think about them all the time.


 :D That's good.  Welcome
26
Shares / Re: Cherrypicking & Tapouts
« Last post by Moneypenny on April 23, 2018, 09:09:01 am »
20 April 2018 Friday

Up:


Sasfin +5.97%
Cashb +4.78%
Hammerson +4.22%
Intuprop +3.22%
Netcare +3.14% new high @ 3022
Clicks +2.57% new high @ 20694

Down:

RBPlat -8.64%
Phumelela -6.61%
Sunint -5.64%
Datatec -5.17%
Arm -4.30%
Howden -3.55%
Kaapagri -2.29% new low @ 3880
27
Shares / Re: ABSA stockbrokers becoming more expensive
« Last post by Hamster on April 23, 2018, 06:21:58 am »
That would be a huge problem, that means that I would lose all my contribution limits? Meaning I would have to sell, transfer the money out of the TFSA in to my bank account and then into EE.

No man, they/you sell the ETFs within and transfer the cash from one TFSA/BDA to another. You don't cash out to a bank account.

Cash is the common currency/denominator between all the TFSAs. Example, if I had a unit trust TFSA from FNB and wanted to move it to EE which only uses ETFs there will be no other way other than to sell the unit trust and use the cash to buy ETFs - you cannot transfer the unit trusts. I don't know what would happen if you transfer ETFs from one provider to another though, maybe you can do a normal securities transfer or treasury took the one-solution-fits-all approach and you transfer cash.

Either way, you are transferring your TFSA between providers, regardless of what is in it, so no contribution limits will be affected.
28
Shares / Re: ABSA stockbrokers becoming more expensive
« Last post by gcr on April 22, 2018, 11:21:51 pm »
On March 3, 2018 Martin Hesse wrote an article for IOL's Personal Finance section on the ability to move TFSA's from one provider to another and it is apparent that there are no transfer fees to be levied and the issue around selling ETF and then moving the cash is covered.
Suggest you read the article and any others before making any decision to move from one provider to another
29
Shares / Re: ABSA stockbrokers becoming more expensive
« Last post by Duan on April 22, 2018, 04:12:34 pm »
Talking about the standard account.  As you say the TFSA is  free to move.

For those that are interested is R171 per counter - going up to R200 in May.

Hi, can you please clarify if moving a TFSA is free? My TFSA is currently with absa as well and I'll definitely be moving to EasyE, but can only do so next month (May)

I'm really upset with absa still over their new fee's and for me to pay R200 per ETF (i'm still a student) is ridiculous .
The only thing they said on twitter to me was ''were sorry to see you go'' , yeah whatever. I opened my TFSA with EE this week, waiting for my docs to be ficad.

A couple of guys moved from FNB to EE and it was free. The only cost that might be involved is if they do not transfer the shares between the platforms and require you to sell it and move the money (transaction fees).

That would be a huge problem, that means that I would lose all my contribution limits? Meaning I would have to sell, transfer the money out of the TFSA in to my bank account and then into EE.

I personally think its just absa that wants to be typical and charge a person R173 per ETF, if FNB can do free transfers why can't absa?

But i'll just make sure of everything before I start this process, also if they charge R173 per ETF , I want to pay them directly with a EFT, they can't sell units or use my cash component in my TFSA in order to cover costs because that means I will lose contribution limits as well.
30
Shares / Re: ABSA stockbrokers becoming more expensive
« Last post by Hamster on April 22, 2018, 08:43:45 am »
Talking about the standard account.  As you say the TFSA is  free to move.

For those that are interested is R171 per counter - going up to R200 in May.

Hi, can you please clarify if moving a TFSA is free? My TFSA is currently with absa as well and I'll definitely be moving to EasyE, but can only do so next month (May)

I'm really upset with absa still over their new fee's and for me to pay R200 per ETF (i'm still a student) is ridiculous .
The only thing they said on twitter to me was ''were sorry to see you go'' , yeah whatever. I opened my TFSA with EE this week, waiting for my docs to be ficad.

A couple of guys moved from FNB to EE and it was free. The only cost that might be involved is if they do not transfer the shares between the platforms and require you to sell it and move the money (transaction fees).
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