ABSA Stockbrokers TFSA would still be my first choice ITO costs (for your TFSA).
It would be very interesting to plot the effect of the 0.3% admin on your portfolio over 20 years. You are effectively adding 0.3% to the TER of every ETF, no?
Yes, but since you're potentially investing more because of costs you might still be better off.
That said, we noticed the STRATE fees aren't consistent. Their document state roughly R10 min and R50 max. But, when you invest under R5000 it only charges R5. Then between R5000 and R50000 it charges nothing and for anything over that R50.
Phoned them, the guy concurred that it doesn't seem right and that they'll escalate it. So we wait.
It looked good, but now I'm not so sure - not with that STRATE charge which EE is heavily subsidising.
Jeeping my ETFs at ABSA. It's still the better one for me atm.
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