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General Category => Shares => Topic started by: Hamster on May 04, 2013, 07:08:51 am
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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)?
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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.
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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)
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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??
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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 (https://www.fnb.co.za/share-investing/share-saver.html)
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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?
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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.
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Interesting reading this again. Came across it because I see you can now invest in Ashburton's Global 1200 (ASHGEQ) via the Share Saver which makes it a nice place to potentially invest a lump sum.
A lot has happened since 2013 though:
1. We didn't have that many ETFs back then, STXIND was still the favoured ETF and you had to fill in a pile of paperwork to get anything done. FNB made it easier.
2. I actually went on to work on Standard Bank's Online Share Trading platform (I see it mentioned here)
3. EasyEquities became a thing
4. 26 new financial blogs started
5. I sold my paid off car :wall:
:D
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I now moved all my ASH from FNB to EE (no more monthly fees !!! )
Ohhh yeah !
:TU: