Author Topic: FNB Share Saver  (Read 22569 times)

Hamster

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FNB Share Saver
« on: May 04, 2013, 07:08:51 am »
So I opened a Share Saver account the other day just for the hell of it to see how it works etc, but I am considering pushing more funds in there.

To the financial n00b in me it looks like a "SATRIX with less paper work to get started". Anybody here got any opinions regarding this service? Is it possible to guess the % growth we can expect from it (surely there must be a similar product out there that can give a rough indication)?

Johan

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Re: FNB Share Saver
« Reply #1 on: May 04, 2013, 12:53:27 pm »
The top40 and midcap track their respective indexes.

midcap: http://dashboard.fin24.com/INDICES/_Ftse_jse_Mid_Cap_J201
top40: http://dashboard.fin24.com/INDICES/_Ftse_jse_Top_40_J200

Top 40 performance
1 Year   30338.56   4,025   13.27   
2 Years   28576.27   5,788   20.25   
3 Years   24886.74   9,477   38.08   
5 Years   29255.55   5,108   17.46   

midcap performance
1 Year   49319.91   7,005   14.20
2 Years   41847.76   14,478   34.60
3 Years   38021.55   18,304   48.14
5 Years   29957.38   26,368   88.02

To that you'd need to take off fees from FNB. Does the share saver tell you how you can split the amounts between the two. If you can leave the money for some time, the midcap is likely to outperform the top 40.

Hamster

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Re: FNB Share Saver
« Reply #2 on: May 05, 2013, 01:28:38 am »
It does, somewhere. Will have to go find it.

But if I look at those figures it looks like a good place to put some money into (long term)

devan

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Re: FNB Share Saver
« Reply #3 on: May 06, 2013, 06:12:04 pm »
Hamster, can you provide more details about the costs involved??
Was also considering investing some cash in here, but not sure about the fees.
Have you looked at the standard bank option as well?? Does FNB work out better??

Hamster

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Re: FNB Share Saver
« Reply #4 on: May 06, 2013, 06:43:59 pm »
I didn't consider Standard Bank at all. I'm already an FNB client and it took me about clicks to open the account and arrange the money per month to be paid. I'll leave it like this for a while and probably increase the amount per month by quite a bit.


Costs:

0 - 250,000 = 0.4% pa plus VAT
* - 1,000,000 = 0.35% pa plus VAT
and 0.3% pa plus VAT after that

Brokerage fee is 0.1% plus VAT on 1st trading day of the month.

https://www.fnb.co.za/share-investing/share-saver.html

MickDee

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Re: FNB Share Saver
« Reply #5 on: June 04, 2013, 06:07:45 pm »
Have you looked at the standard bank option as well?? Does FNB work out better??
What is the standard bank version of the share saver called?

Aragorn

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Re: FNB Share Saver
« Reply #6 on: June 05, 2013, 08:38:47 am »
Quote
What is the standard bank version of the share saver called?
Hi MickDee
SBSA has ASI or Auto Share Invest through it's Internet Banking Option. Has around 110 shares/ETF's to choose from and has reduced fees when compared to it's OST (Online Share Trading) offering.
Pros - Great for startup investors, has a monthly "debit order' type facility, reasonable fees allows for lower capital investments each month.
Cons - Purchases are only done on 25th each month, Sales only concluded on Fridays, all trades done at Market rates, restricted number of shares to choose from.
I used it for for about 7 years initially to build up my capital before switching to OST.
Not idly do the leaves of Lorien fall.