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General Category => Shares => Topic started by: Patrick on November 04, 2014, 07:57:26 am

Title: Easy Equities, any opinions?
Post by: Patrick on November 04, 2014, 07:57:26 am
I've been waiting for the last few weeks for Easy Equities (https://www.easyequities.co.za/) to officially launch. Now they have and I'm considering switching. No monthly or annual fee and only 0.25% transaction fees sound great. Anyone else have any opinions?
Title: Re: Easy Equities, any opinions?
Post by: devan on November 04, 2014, 09:25:54 am
I am also considering moving, but just concerned about how stable/reliable they are. Don't want to move to them and lose everything if they close up shop in a few months.
Title: Re: Easy Equities, any opinions?
Post by: gcr on November 04, 2014, 10:10:39 am
If your motivation to move is purely costs - then maybe what you should be doing is engaging with your current brokers advising them that you are looking to move, but, will remain if they are prepared to pare their charges and fees. It will be dependent on the size of your portfolio and frequency of buying/selling
There is always wiggle room in charges/fees except the statutory fees relative to buying/selling securities
Title: Re: Easy Equities, any opinions?
Post by: Bundu on November 04, 2014, 11:05:17 am
IIRC their interest on cash that they hold is very low, so for people that normally hold quite a bit of cash for when there are buying opportunities, it may not be the best option
Title: Re: Easy Equities, any opinions?
Post by: sh33p on November 04, 2014, 01:38:05 pm
easyequities.co.za is a product of First World Trader (Pty) Ltd, trading as GT247.com, which is a product of Purple Group Ltd....

Does it really seem legit to you guys? Is your money safe there?

As soon as I see numbers in a company name like that (that's not Chinese), I immediately think 419scam.
{ I found this, but it's way too long for me to read or care about - so I really actually have no idea what it's saying: http://www.noseweek.co.za/article.php?current_article=3041 }
Title: Re: Easy Equities, any opinions?
Post by: Hamster on November 04, 2014, 02:00:22 pm
GT247 Has been around for quite a while. To my knowledge, if they go "bust" the only thing you'd lose would be the partial shares. The full shares will be "stored" on your account at the JSE.
I've bought some shares with the R500 that was there after the trial run. So far all looks good and the moment I have a lump sum available I'll move it there. Wont give up on my FNB account though.
Title: Re: Easy Equities, any opinions?
Post by: devan on November 04, 2014, 04:04:19 pm
@hamster, why would you keep the fnb account as well??
Title: Re: Easy Equities, any opinions?
Post by: Hamster on November 04, 2014, 05:43:17 pm
Because I'm an FNB client. I only have the FNB Share Saver and I prefer it over Satrix's offerings. For everything else though I'll use EasyEquities for the time being. The full on trading platforms of FNB and STD Bank are overkill for my needs.
Title: Re: Easy Equities, any opinions?
Post by: devan on November 05, 2014, 09:47:04 am
thanks for the response Hamster, still not sure why you would keep the FNB Share Saver. Does it offer something different to EE??
Just curious, as to your reasoning, so that i know which is the better option for me.
Title: Re: Easy Equities, any opinions?
Post by: Patrick on November 05, 2014, 12:57:24 pm
The only time I'd keep two platforms is if there was no cost associated with the second platform. I'm not sure if the FNB share saver has an annual or monthly fee, does it hamster?
Title: Re: Easy Equities, any opinions?
Post by: Hamster on November 05, 2014, 06:13:32 pm
It does, between 0.4% nd 0.3% per annum depending on your balance.
But if you trade on the first trading day of the month the total fee is 0.1% + VAT...that includes STRATE, brokerage etc.

On EasyEquities the 0.25% is only the brokerage fee. STRATE is an additional R10 so for small amounts it might "hurt" a bit.

Share Saver is also one trade that gets me equal amounts of shares in the Top40 and MidCap. I can do it via EE but it will cost more I think. Plus the debit order and lump sums I put in is free since it is just transferring money from one account to another.

If I'm not mistaken there are credit card charges on EE.

https://www.fnb.co.za/share-investing/share-saver.html
Title: Re: Easy Equities, any opinions?
Post by: erwintwr on November 14, 2014, 09:26:32 am
also started using them extensively this month - but yes time will tell.


anybody know of an Idea how to check directly at the JSE if the shares was actually purchased in your name?

don't worry to much about the partial shares as such...
Title: Re: Easy Equities, any opinions?
Post by: Patrick on March 05, 2015, 03:59:20 pm
I see Accenture voted Easy Equities as the most innovative concept for 2014: http://www.accenture.com/za-en/company/newsroom-south-africa/Pages/accenture-south-africa-winners-innovation-index-2014.aspx

Anyone else have more experience with them now that some time has passed?
Title: Re: Easy Equities, any opinions?
Post by: Orca on March 05, 2015, 05:20:07 pm
Only for SA residents.  :frustrated:
Title: Re: Easy Equities, any opinions?
Post by: Patrick on April 15, 2015, 12:56:02 pm
Got an email today from Easy Equities. They've launched their tax free savings accounts. Looks like the best of the bunch so far. They seem to be offering a very wide range of investments, including it seems my favourite, the satrix indi. The reason I'm rating them above Satrix though is that there are NO account fees, and NO management fees (other than for the underlying etf). All you pay for is the usual and very low 0.25% brokerage commision, and the normal statutory fees.

They even have a nice little take on their site showing how much cheaper they are than the rest which I've attached here. If you're investing R250 a month they're a whopping 5% cheaper than Satrix themselves, and 1.6% cheaper than Standard banks offering. Of course if you're doing R2500 like everyone should in my view, then the difference will shrink, but remember fees compound so even a small amount is best avoided!

I'm still trying to get a listing of which ETFs they offer, because if I read the rules right then the Indi shouldn't be allowed as I thoughtthere was a restriction that the fund couldn't old more than 10% in any one company, and the Indi has 17% NPN at the moment. I've asked for clarification on this so I'll update you as things move along.

*Note I'm still not getting paid by either Satrix or Easy Equities, I just think they're the best options we have in SA at the moment!

Edit:
Here's the list they're making available to the TFSA, I'll still wait to hear on the > 10% issue. Now to decide which ETF to go for, as on one hand you want to make the most of the tax free benefit, but on the other capital growth is usually better for returns than dividends/interest. Thoughts?

Bettabeta Be Green ETF (BGREEN)
Bettabeta Equally Weighted Top 40 (BBET40)
DB X-Trackers Col in Japan ETF (DBXJP)
DB X-Trackers Col in USA EF (DBXUS)
DB X-Trackers Col in WLD ETF (DBXWD)
DB X-Trackers DJ Euro Stoxx 50 ETF (DBXEU)
Db X-Trackers FTSE 100 ETF (DBXUK)
Erafi Overall SA Index ETF (RAFISA)
Erafi SA Financial 15 Idx ETF (RAFFIN)
Erafi SA Industrial 25 Idx ETF (RAFIND)
Erafi SA Resource 20 Idx ETF (RAFRES)
Grindrod DivTrax ETF (DIVTRX)
Grindrod LowVol Trax ETF (LVLTRX)
Grindrod Property Index Tracker Closed Fund (PREFTX)
Grindrod Property Index Tracker SAPY ETF (PTXSPY)
Grindrod Property Index Tracker Top Ten ETF (PTXTEN)
Mapps Protect (MAPPSP)
Newfunds Equity Momentum ETF (NFEMOM)
Newfunds Govi ETF (NFGOVI)
Newfunds Ilbi ETF (NFILBI)
Newfunds Mapps Growth ETF (MAPPSG)
Newfunds NewSA Index ETF (NEWFSA)
Newfunds Shariah To40 ETF (NFSH40)
Newfunds Swix 40 ETF (NFSWIX)
Newfunds TRACI 3 Month ETF (NFTRCI)
RMB Mid Cap ETF (RMBMID)
RMB Top 40 ETF (RMBT40)
Satrix 40 Trust (STX40)
Satrix Div Plus Portfolio (STXDIV)
Satrix FINI Index Tracker Fund (STXFIN)
Satrix INDI Index Tracker Fund (STXIND)
Satrix Rafi 40 Total (STXRAF)
Satrix Resi Portfolio (STXRES)
Satrix Swix Top 40 ETF (STXSWX)
Stanlib SA Property ETF (STPROP)
Stanlib Swix40 ETF (STANSX)
Title: Re: Easy Equities, any opinions?
Post by: gcr on April 16, 2015, 09:34:35 pm
Any of the Satrix type trackers where holdings are more than 10% in a single company may not be part of the TFSA. Simon Brown gave an insightful explanation of who the whole setup will function and clarified what limitation are in place. He should have his presentation up on the JSE or his own site Just One Lap by tomorrow morning
His presentation certainly made me think differently regarding this product there are some penalties associated with the product but his presentation covers all of these penalties
Title: Re: Easy Equities, any opinions?
Post by: Mr_Dividend on April 17, 2015, 05:01:37 pm
Have been using Easy Equities along side my "main" account with ABSA - when they started, around 6 months or now. On the whole have been pretty pleased with them - prices are pretty much the same when I double check with the ABSA account. Not great for very small shares though - not sure what the deal is. Prices to trade are fantastic - around 1% - and that starts at R500 or so. So great for guys on a bit of a budget - plus no monthly fees.

Only had one problem - they took dividend off a REIT interest payment - and then told me I was wrong when I pointed out their error. They did though sort it out though.

Once they did not credit a payment - they sorted that out quickly though.

Might make use of the TFSA - impressed that it is all set up ready to go, give them a big thumbs up for that.

For most people it will tick all the boxes if you looking for long term, mid/normal shares and for guys on smaller budgets - you can also buy ETF's through them.
Title: Re: Easy Equities, any opinions?
Post by: Mr_Dividend on April 19, 2015, 07:17:45 am
Quote
I'm still trying to get a listing of which ETFs they offer, because if I read the rules right then the Indi shouldn't be allowed as I thoughtthere was a restriction that the fund couldn't old more than 10% in any one company, and the Indi has 17% NPN at the moment. I've asked for clarification on this so I'll update you as things move along.

Interested in the above - makes sense, but where did you find that Patrick?

They also include the New Funds eRAFI IND which has a massive 35% MTN weighting.  (also see eRAFI FINI has 25 OML) http://etfcib.absa.co.za/Fund%20Documents/eRafi%20Indi%20Datasheet%20%2031%20March%202014.pdf (http://etfcib.absa.co.za/Fund%20Documents/eRafi%20Indi%20Datasheet%20%2031%20March%202014.pdf)

It would not surprise me if easyequities has got it wrong - as mentioned above they did not seem to understand that dividend with holding tax did not apply to a REIT.

I wondering if a person want to include the SATRIX indi it might be best to balance it out with 1/2 other ETF's to balance out the NPN weighting so you could argue that overall NPN (or any other) weighting was below 10%.

And before I forget, easyequities do not seem to answer emails - at least they never answered the two I sent.

Found that ETFSA also include the satrix indi in one of their tax free portfolios - mixed with others though.

Quote
http://www.etfsa.co.za/docs/Tax_free/Tax%20Free%20Brochure_02.pdf
Title: Re: Easy Equities, any opinions?
Post by: bluedroid on April 20, 2015, 11:39:09 pm
Got an email today from Easy Equities. They've launched their tax free savings accounts. Looks like the best of the bunch so far. They seem to be offering a very wide range of investments, including it seems my favourite, the satrix indi. The reason I'm rating them above Satrix though is that there are NO account fees, and NO management fees (other than for the underlying etf). All you pay for is the usual and very low 0.25% brokerage commision, and the normal statutory fees.

They even have a nice little take on their site showing how much cheaper they are than the rest which I've attached here. If you're investing R250 a month they're a whopping 5% cheaper than Satrix themselves, and 1.6% cheaper than Standard banks offering. Of course if you're doing R2500 like everyone should in my view, then the difference will shrink, but remember fees compound so even a small amount is best avoided!

I'm still trying to get a listing of which ETFs they offer, because if I read the rules right then the Indi shouldn't be allowed as I thoughtthere was a restriction that the fund couldn't old more than 10% in any one company, and the Indi has 17% NPN at the moment. I've asked for clarification on this so I'll update you as things move along.

*Note I'm still not getting paid by either Satrix or Easy Equities, I just think they're the best options we have in SA at the moment!

Edit:
Here's the list they're making available to the TFSA, I'll still wait to hear on the > 10% issue. Now to decide which ETF to go for, as on one hand you want to make the most of the tax free benefit, but on the other capital growth is usually better for returns than dividends/interest. Thoughts?

Bettabeta Be Green ETF (BGREEN)
Bettabeta Equally Weighted Top 40 (BBET40)
DB X-Trackers Col in Japan ETF (DBXJP)
DB X-Trackers Col in USA EF (DBXUS)
DB X-Trackers Col in WLD ETF (DBXWD)
DB X-Trackers DJ Euro Stoxx 50 ETF (DBXEU)
Db X-Trackers FTSE 100 ETF (DBXUK)
Erafi Overall SA Index ETF (RAFISA)
Erafi SA Financial 15 Idx ETF (RAFFIN)
Erafi SA Industrial 25 Idx ETF (RAFIND)
Erafi SA Resource 20 Idx ETF (RAFRES)
Grindrod DivTrax ETF (DIVTRX)
Grindrod LowVol Trax ETF (LVLTRX)
Grindrod Property Index Tracker Closed Fund (PREFTX)
Grindrod Property Index Tracker SAPY ETF (PTXSPY)
Grindrod Property Index Tracker Top Ten ETF (PTXTEN)
Mapps Protect (MAPPSP)
Newfunds Equity Momentum ETF (NFEMOM)
Newfunds Govi ETF (NFGOVI)
Newfunds Ilbi ETF (NFILBI)
Newfunds Mapps Growth ETF (MAPPSG)
Newfunds NewSA Index ETF (NEWFSA)
Newfunds Shariah To40 ETF (NFSH40)
Newfunds Swix 40 ETF (NFSWIX)
Newfunds TRACI 3 Month ETF (NFTRCI)
RMB Mid Cap ETF (RMBMID)
RMB Top 40 ETF (RMBT40)
Satrix 40 Trust (STX40)
Satrix Div Plus Portfolio (STXDIV)
Satrix FINI Index Tracker Fund (STXFIN)
Satrix INDI Index Tracker Fund (STXIND)
Satrix Rafi 40 Total (STXRAF)
Satrix Resi Portfolio (STXRES)
Satrix Swix Top 40 ETF (STXSWX)
Stanlib SA Property ETF (STPROP)
Stanlib Swix40 ETF (STANSX)
In regards to the greater than 10% issue. I dont see it on SARS website. Where does this restriction come from?:

http://www.sars.gov.za/TaxTypes/PIT/Pages/Tax-Free-Investment-Accounts.aspx
Title: Re: Easy Equities, any opinions?
Post by: Mr_Dividend on April 21, 2015, 04:12:36 pm
Choosing my ETF's for my TFSA

Quite like the company mix/proportions on this one:

http://coreshares.co.za/wp-content/uploads/2015/04/DivTrax-Fact-Sheets-MAR-2015.pdf

to go with the SATRIX INDI half/half - or 1/3rds with SATRIX FINI as well.
Title: Re: Easy Equities, any opinions?
Post by: Hamster on April 21, 2015, 06:25:12 pm
Well I was gonna go 50/50 on STXIND and DBXWD but now I'm worried about the 10% issue. Never thought of looking at the STRIX FINI though...hmmm. Choices.
Title: Re: Easy Equities, any opinions?
Post by: Patrick on April 21, 2015, 07:19:41 pm
Easy equities called me yesterday, apparently the 10% applies to unit trusts not ETFs. I'll post more info soon.
Title: Re: Easy Equities, any opinions?
Post by: Hamster on April 21, 2015, 07:27:32 pm
Schweet. Maybe 40/40/20 in DBXWD, INDI and FINI respectively :p
Title: Re: Easy Equities, any opinions?
Post by: bluedroid on April 21, 2015, 07:56:05 pm
Easy equities called me yesterday, apparently the 10% applies to unit trusts not ETFs. I'll post more info soon.
That would make sense as the ETF tracker can't control what's in it really, it just follows the market . Unit trust can change is holdings manually.
Title: Re: Easy Equities, any opinions?
Post by: bluedroid on April 22, 2015, 08:27:48 am
I've found the 10% restriction here

http://www.treasury.gov.za/public%20comments/TFSA/2014111301%20TFSA%20Regulations%2012T(8).pdf
Title: Re: Easy Equities, any opinions?
Post by: Mr_Dividend on April 22, 2015, 08:41:46 am
Quote
Composition of tax free investment
Requirements in respect of composition of certain tax free investments
14. (1) Where any part of the value of a tax free investment is determined
directly or indirectly with reference to any financial instrument that is a share, not
more than 10 per cent of the value of that tax free investment may be derived from
shares in any single company.
(2) Where any part of the value of a tax free investment is determined directly or
indirectly with reference to any commodity, not more than 10 per cent of the value of
that tax free investment may be derived from that commodity.
(3) Where any part of the value of a tax free investment is determined directly or
indirectly with reference to any financial instrument issued by—
(i) any public entity that is listed in Schedule 2 or 3 to the Public Finance
Management Act, 1999 (Act No. 1 of 1999);
(ii) a municipality as defined in section 1 of the Local Government Municipal
Finance Management Act, 2003 (Act No. 56 of 2003); or
(iii) any foreign government which has been assigned a foreign currency sovereign
rating lower than that of the Republic of South Africa,
not more than 30 per cent of the value of that tax free investment may be derived
from any one of those financial instruments.
(4) This regulation does not apply in respect of any financial instrument in
respect of a collective investment scheme.

Bolded part maybe?

Title: Re: Easy Equities, any opinions?
Post by: Patrick on April 22, 2015, 09:35:54 am
Tough one, I'll get the easy equities guy on the line again later. He did tell me that he confirmed the STXIND availability directly with Satrix, so you would imagine that Satrix has done their homework.

One other thing I see is that the document are draft regulations released for public comment.
Title: Re: Easy Equities, any opinions?
Post by: bluedroid on April 22, 2015, 09:52:02 am
Quote
Composition of tax free investment
Requirements in respect of composition of certain tax free investments
14. (1) Where any part of the value of a tax free investment is determined
directly or indirectly with reference to any financial instrument that is a share, not
more than 10 per cent of the value of that tax free investment may be derived from
shares in any single company.
(2) Where any part of the value of a tax free investment is determined directly or
indirectly with reference to any commodity, not more than 10 per cent of the value of
that tax free investment may be derived from that commodity.
(3) Where any part of the value of a tax free investment is determined directly or
indirectly with reference to any financial instrument issued by—
(i) any public entity that is listed in Schedule 2 or 3 to the Public Finance
Management Act, 1999 (Act No. 1 of 1999);
(ii) a municipality as defined in section 1 of the Local Government Municipal
Finance Management Act, 2003 (Act No. 56 of 2003); or
(iii) any foreign government which has been assigned a foreign currency sovereign
rating lower than that of the Republic of South Africa,
not more than 30 per cent of the value of that tax free investment may be derived
from any one of those financial instruments.
(4) This regulation does not apply in respect of any financial instrument in
respect of a collective investment scheme.

Bolded part maybe?

I saw that as well. Best let Patrick get a second opinion. It changes what i proportion in it drastically.
Title: Re: Easy Equities, any opinions?
Post by: bluedroid on April 22, 2015, 10:14:18 am
I've found a later version (Feb 2015) of the document from Treasury. Don't know if this is final.

http://www.treasury.gov.za/legislation/draft%20legislation/20150220%20Regulations%20for%2012T.pdf
Title: Re: Easy Equities, any opinions?
Post by: 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.  :(
Title: Re: Easy Equities, any opinions?
Post by: bluedroid on April 22, 2015, 10:47:07 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 :'(
Title: Re: Easy Equities, any opinions?
Post by: Patrick on April 22, 2015, 12:24:14 pm
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.
Title: Re: Easy Equities, any opinions?
Post by: bluedroid on April 22, 2015, 12:57:55 pm
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.
Title: Re: Easy Equities, any opinions?
Post by: bluedroid on April 25, 2015, 05:39:52 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?
Title: Re: Easy Equities, any opinions?
Post by: Patrick 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.
Title: Re: Easy Equities, any opinions?
Post by: Mr_Dividend 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.
Title: Re: Easy Equities, any opinions?
Post by: Mr_Dividend 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...  ;)
Title: Re: Easy Equities, any opinions?
Post by: Hamster 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.
Title: Re: Easy Equities, any opinions?
Post by: 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.
Title: Re: Easy Equities, any opinions?
Post by: JDP 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?
Title: Re: Easy Equities, any opinions?
Post by: Mr_Dividend 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.

Title: Re: Easy Equities, any opinions?
Post by: Patrick on August 05, 2015, 04:07:21 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%!
Title: Re: Easy Equities, any opinions?
Post by: JDP on August 06, 2015, 11:50:23 am
@Mr_Dividend thanks will do.
Title: Re: Easy Equities, any opinions?
Post by: erwintwr on August 16, 2015, 03:32:20 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.
Title: Re: Easy Equities, any opinions?
Post by: Patrick on August 17, 2015, 07:33:38 am
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?
Title: Re: Easy Equities, any opinions?
Post by: Mr_Dividend on August 17, 2015, 10:44:58 am
I have also found that some ETF listed on EE's TFSA are not available - I wanted to buy the ERAFI FINI - and found this the other day. Being bigger, this might not be an issue with Absa.



Title: Re: Easy Equities, any opinions?
Post by: Patrick on August 17, 2015, 10:52:12 am
I have also found that some ETF listed on EE's TFSA are not available - I wanted to buy the ERAFI FINI - and found this the other day. Being bigger, this might not be an issue with Absa.

The eRafi funds we're all renamed. The new name for the eRafi Fini is the NewFunds S&P GIVI SA Fin.
Title: Re: Easy Equities, any opinions?
Post by: Mr_Dividend on August 17, 2015, 11:43:39 am
well, you still get this:

Quote
This security is currently unavailable for trading. For phone to trade contact +27 87 940 6101 ref #EE46518.

When you want to buy this:

Quote
Erafi SA Financial 15 Idx ETF (RAFFIN)

Title: Re: Easy Equities, any opinions?
Post by: Patrick on August 17, 2015, 11:58:23 am
Yeah, EE should remove that option from the list, but I do see they list NewFunds S&P GIVI SA Fin as well. Very confusing. I wasn't even aware of the name change until I couldn't find RAFIND on google finance, then checked my holdings to see I now held GIVIND instead.
Title: Re: Easy Equities, any opinions?
Post by: Qess on August 17, 2015, 07:51:36 pm
Missing ETFs from your list, Patrick, are as follows:

Stanlib Swix40 ETF
Stanlib Top40 ETF
RMB Inflation ETF
RMB Top 40 ETF
Title: Re: Easy Equities, any opinions?
Post by: Patrick on August 18, 2015, 08:28:52 am
Missing ETFs from your list, Patrick, are as follows:

Stanlib Swix40 ETF
Stanlib Top40 ETF
RMB Inflation ETF
RMB Top 40 ETF


Thanks, I'll email ABSA and see what's up. The RMB top 40 is the cheapest top 40 fund in SA.
Title: Re: Easy Equities, any opinions?
Post by: Mr_Dividend on August 18, 2015, 11:37:20 am
Yeah, EE should remove that option from the list, but I do see they list NewFunds S&P GIVI SA Fin as well. Very confusing. I wasn't even aware of the name change until I couldn't find RAFIND on google finance, then checked my holdings to see I now held GIVIND instead.

Cheers for that - was not aware of the name change.
Title: Re: Easy Equities, any opinions?
Post by: T_Thunder on August 21, 2015, 11:31:11 am
Caught this on Bruce's show last night:

http://www.capetalk.co.za/articles/4697/investing-in-shares-just-got-easier-and-way-cheaper-got-r10

Title: Re: Easy Equities, any opinions?
Post by: MikyMouse on August 22, 2015, 05:06:45 pm
Caught this on Bruce's show last night:

http://www.capetalk.co.za/articles/4697/investing-in-shares-just-got-easier-and-way-cheaper-got-r10

Thought it was great, I'm definitely considering them or the ABSA offering
Title: FREE MONEY!
Post by: erwintwr on January 13, 2016, 12:10:07 pm
just an update - if you have any friends that might be willing to try share investing.

EE has an advertising campaign running this week - when you register an account, you get a share of R100,000 which you can invest as you please.

http://www.ee123.co.za/ (http://www.ee123.co.za/)


really really nice.


unfortunately not available for existing investors.
Title: Re: Easy Equities, any opinions?
Post by: jaDEB on January 13, 2016, 12:13:26 pm
offering you the  :frustrated: chance to claim your share :frustrated: of R100 000 worth of equities
Title: Re: Easy Equities, any opinions?
Post by: tmsf12 on January 14, 2016, 09:35:36 am
Quote
All you need to do is... Connect with us via social media
:mad:
Title: Re: Easy Equities, any opinions?
Post by: Mr_Dividend on July 28, 2016, 08:43:59 am
Putting together a long term growth portfolio - thought I would put it on my ABSA account as I would be generally be spending R30K - R50K or so and the fees are pretty similar.

But it actually comes down to when I want to sell.

I don't want to sell a huge amount in any one share at a time - I might just want to sell a few thousand from each and that's where EE fees are going to win, hands down.

Anyway, that's why I will be using EE for that portfolio - for the selling, not the buying  :D
Title: Re: Easy Equities, any opinions?
Post by: JohnnyH on July 28, 2016, 09:21:21 am
Anyway, that's why I will be using EE for that portfolio - for the selling, not the buying  :D

Mr_D, just keep the T+10 days settling in mind when selling. Sell is "instant", but it takes a few days to get the money back to your account.
Title: Re: Easy Equities, any opinions?
Post by: Mr_Dividend on July 28, 2016, 09:25:22 am
j, true but only will be selling once a year - and I heard they moving to a t+5.
Title: Re: Easy Equities, any opinions?
Post by: JohnnyH on July 28, 2016, 03:34:40 pm
 :(
j, true but only will be selling once a year - and I heard they moving to a t+5.

Good to know. Steady progress from EE  :)

I heard a rumour of EE adding international accounts in Sept '16! Really hope they do and I am looking forward to see what their pricing would be like. Would love to invest directly in $$$ from EE. Sounds like much less hassle than a std bank account.