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Considering all the ETFs I use in both my investment and TFSA account (DBXWD, NFEMOM, DIVTRX, PTXTEN, GLPROP) it is only DBXWD and NFEMOM that are not CoreShare ETFs. If I was to replace both of those with CSP500 and CTOP50 respectively it always seems like a no-brainer to move.

But let's give it some time and see.

Think it is 0.3%

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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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Also had a look at this last week

interesting

I have a question though which I would love user opinions

While I keep the majority of my portfolio in a EU based account, i did keep a TFSA and smaller equities account on the Easy Equities platform ( been with them from the start )

Remember debating whether to convert to ABSA some months back and deciding to stick to it as there was nit much difference ( apart from UX )

I recently heard chatter that EE was possibly in a spot of trouble .... ? are partial investments safe on the platform ( EE hold the risk on this right? fractional ownership ) and would anyone who knows more of this perhaps advise moving to ABSA or in fact the simple CS new platform ?

Also had a look at this last week

interesting

I have a question though which I would love user opinions

While I keep the majority of my portfolio in a EU based account, i did keep a TFSA and smaller equities account on the Easy Equities platform ( been with them from the start )

Remember debating whether to convert to ABSA some months back and deciding to stick to it as there was nit much difference ( apart from UX )

I recently heard chatter that EE was possibly in a spot of trouble .... ? are partial investments safe on the platform ( EE hold the risk on this right? fractional ownership ) and would anyone who knows more of this perhaps advise moving to ABSA or in fact the simple CS new platform ?

There's a podcast somewhere (think it was the Money Show with Warren Ingram) where it was said that EE has allocated a budget for three years with which they could subsidise costs (like STRATE) to make the platform attractive and build a user base. Now those three years are just about up so we'll have to wait and see.

Moved my ETFs to ABSA a while ago and only my TFSA remains with EE. Once we can move TFSAs though I'm outta there. There is a MyBroadband thread regarding it, but basically I had to ask them to recalculate the amount of shares owed by me because what I tallied from the trade statements and what was shown to me was different. The problem just magically fixed itself. So from my personal experience and point of view - I do not trust their platform.

I also do not trust CoreShare's technical abilities. Their platform has been running for a while but the STRATE issue wasn't picked up until I queried them last week. Magically fixed also :p

You get what you pay for it seems and once EasyEquities stops subsidising STRATE fees ABSA will be the clear winner on all fronts and not just features.

It was the total. So for CoreShares and EasyEquities the value including costs worked out to a nice round number. ABSA was a couple of Rands under every time since we're dealing with whole shares.

Breakdown like so?

CoreShares
R1000
Brokerage: R1.00
STRATE: R10.92
VAT: R1.67
Estimated total fees for this investment: R11.92

R10000
Brokerage: R10.00
STRATE: R10.92
VAT: R2.93
Estimated total fees for this investment: R20.92

R20000
Brokerage: R20.00
STRATE: R10.92
VAT: R4.33
Estimated total fees for this investment: R30.92

Easy Equities
R1000
Broker commission: R 1.99
Settlement and administration: R 0.75
Investor protection levy (ipl) and administration: R 0.01
Value-added tax (vat): R 0.39
Total transaction cost: R 1.15

R10000
Broker commission: R 19.94
Settlement and administration: R 7.48
Investor protection levy (ipl) and administration: R 0.02
Value-added tax (vat): R 3.84
Total transaction cost: R 11.34

R20000
Broker commission: R 39.87
Settlement and administration: R 14.95
Investor protection levy (ipl) and administration: R 0.04
Value-added tax (vat): R 7.68
Total transaction cost: R 22.67

Quote from: jonb on May 22, 2017, 10:40:42 am

Also had a look at this last week

interesting

I have a question though which I would love user opinions

While I keep the majority of my portfolio in a EU based account, i did keep a TFSA and smaller equities account on the Easy Equities platform ( been with them from the start )

Remember debating whether to convert to ABSA some months back and deciding to stick to it as there was nit much difference ( apart from UX )

I recently heard chatter that EE was possibly in a spot of trouble .... ? are partial investments safe on the platform ( EE hold the risk on this right? fractional ownership ) and would anyone who knows more of this perhaps advise moving to ABSA or in fact the simple CS new platform ?

There's a podcast somewhere (think it was the Money Show with Warren Ingram) where it was said that EE has allocated a budget for three years with which they could subsidise costs (like STRATE) to make the platform attractive and build a user base. Now those three years are just about up so we'll have to wait and see.

Moved my ETFs to ABSA a while ago and only my TFSA remains with EE. Once we can move TFSAs though I'm outta there. There is a MyBroadband thread regarding it, but basically I had to ask them to recalculate the amount of shares owed by me because what I tallied from the trade statements and what was shown to me was different. The problem just magically fixed itself. So from my personal experience and point of view - I do not trust their platform.

I also do not trust CoreShare's technical abilities. Their platform has been running for a while but the STRATE issue wasn't picked up until I queried them last week. Magically fixed also :p

You get what you pay for it seems and once EasyEquities stops subsidising STRATE fees ABSA will be the clear winner on all fronts and not just features.

Hamster, I went through the hell that is ABSA Fica and now have this open, Going to transfer portfolio from EE to ABSA, will then wait till we able to transfer TFSA, any idea when that is?