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Author Topic: Easy Equities, any opinions?  (Read 74401 times)

bluedroid

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Re: Easy Equities, any opinions?
« Reply #30 on: April 22, 2015, 10:47:07 am »
Quote from: Mr_Dividend on April 22, 2015, 10:34:01 am
Quote
(2) Where the value of a tax free investment is determined with reference to any
index of listed shares, the value of shares issued by any company may not exceed
an amount of 120 per cent of that company’s weighting in that index, subject to a
maximum of 35 per cent of the market value of the tax free investment.

I just do not understand that at all. And English is my first language.  :(
It's bringing horrid flashbacks of the law courses I studied :'(
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Patrick

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Re: Easy Equities, any opinions?
« Reply #31 on: April 22, 2015, 12:24:14 pm »
Quote from: Mr_Dividend on April 22, 2015, 10:34:01 am
Quote
(2) Where the value of a tax free investment is determined with reference to any
index of listed shares, the value of shares issued by any company may not exceed
an amount of 120 per cent of that company’s weighting in that index, subject to a
maximum of 35 per cent of the market value of the tax free investment.

I just do not understand that at all. And English is my first language.  :(

What that says to me is that the weighting of a share in an index must be closely alligned to the index. Of course ETFs don't match an index perfectly, as they have to buy and sell in the real world, but that line says they are only allowed to fudge by up to 20%.

The limit there also sounds like it's been upped to 35% per company rather than 10%, which is why many of those ETFs seem to qualify.

I'm still going to call though, just a little busy at the moment.
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bluedroid

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Re: Easy Equities, any opinions?
« Reply #32 on: April 22, 2015, 12:57:55 pm »
Quote from: Patrick on April 22, 2015, 12:24:14 pm
Quote from: Mr_Dividend on April 22, 2015, 10:34:01 am
Quote
(2) Where the value of a tax free investment is determined with reference to any
index of listed shares, the value of shares issued by any company may not exceed
an amount of 120 per cent of that company’s weighting in that index, subject to a
maximum of 35 per cent of the market value of the tax free investment.

I just do not understand that at all. And English is my first language.  :(

What that says to me is that the weighting of a share in an index must be closely alligned to the index. Of course ETFs don't match an index perfectly, as they have to buy and sell in the real world, but that line says they are only allowed to fudge by up to 20%.

The limit there also sounds like it's been upped to 35% per company rather than 10%, which is why many of those ETFs seem to qualify.

I'm still going to call though, just a little busy at the moment.

Clause 13(6) excludes collective investments schemes to that provision just like the draft regulation posted previously did.
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bluedroid

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Re: Easy Equities, any opinions?
« Reply #33 on: April 25, 2015, 05:39:52 am »
Quote from: Patrick on April 22, 2015, 12:24:14 pm
Quote from: Mr_Dividend on April 22, 2015, 10:34:01 am
Quote
(2) Where the value of a tax free investment is determined with reference to any
index of listed shares, the value of shares issued by any company may not exceed
an amount of 120 per cent of that company’s weighting in that index, subject to a
maximum of 35 per cent of the market value of the tax free investment.

I just do not understand that at all. And English is my first language.  :(

What that says to me is that the weighting of a share in an index must be closely alligned to the index. Of course ETFs don't match an index perfectly, as they have to buy and sell in the real world, but that line says they are only allowed to fudge by up to 20%.

The limit there also sounds like it's been upped to 35% per company rather than 10%, which is why many of those ETFs seem to qualify.

I'm still going to call though, just a little busy at the moment.
Any feedback Patrick?
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Patrick

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Re: Easy Equities, any opinions?
« Reply #34 on: April 25, 2015, 09:45:31 am »
Not yet, I couldn't reach the guy last week. I'll try again on tuesday. I'm thinking that the TFSA will be in my blog this month.
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Mr_Dividend

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Re: Easy Equities, any opinions?
« Reply #35 on: April 25, 2015, 03:02:38 pm »
Good topic - I think anybody would be silly not to make use of it. Of course, some of these tax free savings accounts are jokes - you can get more saving with Capitec (9.2% last I looked). ETFSA also has a couple of products to look into - they are charging 1% on top of the ETF's fees - but will work for some, esp those that want to invest monthly.

On a tangent here, I wonder if there are enough BBE deals out there to be able to form a BBE ETF.
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Mr_Dividend

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Re: Easy Equities, any opinions?
« Reply #36 on: April 28, 2015, 11:00:46 am »
BTW - how are you working out capital gains? As they do not give you "average cost" - and you also dealing in fractions of shares, it does become a bit of a pain - entailing quite a bit of manual record keeping. Actually Patrick, while you chatting to them - would you ask them if they do send out CGT statements? And Dividend declarations for that matter - and if so, when?

In fact, why don't they just sponsor (and answer!) I sub forum on here - make life easier for us...  ;)
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Hamster

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Re: Easy Equities, any opinions?
« Reply #37 on: April 30, 2015, 11:04:06 pm »
Not sure if it was mentioned before, but your EE investment and TFSA account now integrates with 22seven.
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Mr_Dividend

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Re: Easy Equities, any opinions?
« Reply #38 on: August 04, 2015, 01:24:54 pm »
BTW

Have just received results in the post from Naspers, which I only own through EE. This means, I guess, that my name is listed on the JSE/ Compushare/ whatever as the owner - not only with EE.

So it seems, besides the fractional ownership, it's exactly the same as having your account with anyone else - just cheaper.
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JDP

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Re: Easy Equities, any opinions?
« Reply #39 on: August 05, 2015, 03:56:52 pm »
So on the EE TFSA, i see that all of my ETFs has paid dividends, yet the dividends ly in available account, ie not reinvested.

Is there a option that im not aware of on the EE platform to tell them to auto invest all dividends, especially for ETFs, because otherwise
that dividends will just ly there till next year, before being invested, which does not make sense to me?
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Mr_Dividend

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Re: Easy Equities, any opinions?
« Reply #40 on: August 05, 2015, 04:00:08 pm »
Just use the money to buy more ETF's in the account.

Your R30K limit for money going IN to the account - whatever is made is not part of the cap and can be reinvested.

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Patrick

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Re: Easy Equities, any opinions?
« Reply #41 on: August 05, 2015, 04:07:21 pm »
Quote from: Mr_Dividend on August 04, 2015, 01:24:54 pm
BTW

Have just received results in the post from Naspers, which I only own through EE. This means, I guess, that my name is listed on the JSE/ Compushare/ whatever as the owner - not only with EE.

So it seems, besides the fractional ownership, it's exactly the same as having your account with anyone else - just cheaper.

Good to know. I plan to use them in future when I can't hurt the trade amount for minimum fees with ABSA stock brokers. Weirdly I'll be switching my tfsa to ABSA as they're cheaper by 0.05%!
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JDP

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Re: Easy Equities, any opinions?
« Reply #42 on: August 06, 2015, 11:50:23 am »
@Mr_Dividend thanks will do.
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erwintwr

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Re: Easy Equities, any opinions?
« Reply #43 on: August 16, 2015, 03:32:20 pm »
Quote from: Patrick on August 05, 2015, 04:07:21 pm
Quote from: Mr_Dividend on August 04, 2015, 01:24:54 pm
BTW

Have just received results in the post from Naspers, which I only own through EE. This means, I guess, that my name is listed on the JSE/ Compushare/ whatever as the owner - not only with EE.

So it seems, besides the fractional ownership, it's exactly the same as having your account with anyone else - just cheaper.

Good to know. I plan to use them in future when I can't hurt the trade amount for minimum fees with ABSA stock brokers. Weirdly I'll be switching my tfsa to ABSA as they're cheaper by 0.05%!


Hi Patrick

did you end up going with Absa? Last time i saw feedback, is that Absa doesnt supply the full range of ETF's? or has that changed.
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Patrick

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Re: Easy Equities, any opinions?
« Reply #44 on: August 17, 2015, 07:33:38 am »
Quote from: erwintwr on August 16, 2015, 03:32:20 pm
Quote from: Patrick on August 05, 2015, 04:07:21 pm
Quote from: Mr_Dividend on August 04, 2015, 01:24:54 pm
BTW

Have just received results in the post from Naspers, which I only own through EE. This means, I guess, that my name is listed on the JSE/ Compushare/ whatever as the owner - not only with EE.

So it seems, besides the fractional ownership, it's exactly the same as having your account with anyone else - just cheaper.

Good to know. I plan to use them in future when I can't hurt the trade amount for minimum fees with ABSA stock brokers. Weirdly I'll be switching my tfsa to ABSA as they're cheaper by 0.05%!


Hi Patrick

did you end up going with Absa? Last time i saw feedback, is that Absa doesnt supply the full range of ETF's? or has that changed.

I opened the account, but as I've already used my R30k for the year I can't buy anything yet. I drew a list of the ETFs though, and here's what they had:
BettaBeta CIS BGreen
BettaBeta Eq Wted Top 40
CoreShares DivTrax
CoreShares LowVolTrax
CoreShares PrefTrax
CoreShares PropTrax SAP
CoreShares PropTrax Ten
CORESHARESTOP50
Db x-trackers Col in USA
Db x-trackers Col in Wld
Db x-trackers DJ eu ST 5
Db x-trackers FTSE 100
Db x-trackers MSCI Japan
NEWFUNDS EQUITY MOM ETF
NEWFUNDS GOVI ETF
NEWFUNDS ILBI ETF
Newfunds MAPPS Growth
Newfunds MAPPS Protect
NEWFUNDS NEWSA INDEX
NewFunds S&P GIVI SA Fin
NewFunds S&P GIVI SA Ind
NewFunds S&P GIVI SA Res
NewFunds S&P GIVI SA T50
NEWFUNDS SHARIA TOP40
NEWFUNDS SWIX 40 ETF
NEWFUNDS TRACI 3-M ETF
RMB Mid Cap ETF
Satrix 40 Portfolio
Satrix DIVI Plus Portfol
Satrix FINI Portfolio
Satrix INDI Portfolio
Satrix RAFI 40 Portfolio
Satrix RESI Portfolio
Satrix SWIX Top 40 Portf
STANLIB SA Property ETF

The funds I use are there, is anything missing?
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