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Author Topic: TFSA  (Read 28401 times)

Hamster

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Re: TFSA
« Reply #15 on: February 24, 2018, 08:19:49 am »
Quote from: Hamster on February 23, 2018, 10:14:12 am
Quote from: jonb on February 23, 2018, 08:38:20 am
I have had similar experiences and share your concern here, interested to hear where you would move the TFSA to?


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If I was to stick with ETFs I would move it to ABSA. If I was to move to unit trusts it would probably be Allan Gray or maybe Sygnia but I haven't thought it through yet.
To add to this, Coronation's Balanced Plus fun doesn't look bad either. Only 20% odd offshore exposure so maybe worth supplementing it with a global fund.
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jonb

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Re: TFSA
« Reply #16 on: February 24, 2018, 11:41:34 am »


If I was to stick with ETFs I would move it to ABSA. If I was to move to unit trusts it would probably be Allan Gray or maybe Sygnia but I haven't thought it through yet.
[/quote]To add to this, Coronation's Balanced Plus fun doesn't look bad either. Only 20% odd offshore exposure so maybe worth supplementing it with a global fund.
[/quote]

@hamster , so this is actually the discussion I was after!  Originally I thought ETF easy peasy go a little local with prop trax and do a global world etf and sit tight .. but in 3/4 years it’s about flat!

The TFSA unit trusts from Coronation for example are lowish costs and blend some with a stable fund which in past consistently gives 8/9% and something balanced ... might be better off ? The uptick in SA once right now and stronger rand are all elements which could be managed where as ETFs just Take the pain

Maybe it’s better 50/50 ? Like a global world ETF and then a unit trust ?

Was asking you as I always remember having a similar view on TFSA allocation. Wanted to see if your thoughts had changed



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Hamster

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Re: TFSA
« Reply #17 on: February 24, 2018, 12:51:11 pm »


Quote from: jonb on February 24, 2018, 11:41:34 am
Maybe it’s better 50/50 ? Like a global world ETF and then a unit trust ?

Was asking you as I always remember having a similar view on TFSA allocation. Wanted to see if your thoughts had changed


Personally not keen on splitting it up. My view is to keep it simple (i.e. Platinum Wealth TFSA Basket :whistle:) and I don't think it gets simpler than a unit trust.

ABSA doesn't allow debit orders with auto invest functionality so you have to log into it every month. CoreShares, Sygnia etc. all allow it but... I dunno.

Unit trust please :D
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jonb

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Re: TFSA
« Reply #18 on: February 24, 2018, 12:56:57 pm »


[/quote]

Personally not keen on splitting it up. My view is to keep it simple (i.e. Platinum Wealth TFSA Basket :whistle:) and I don't think it gets simpler than a unit trust.

ABSA doesn't allow debit orders with auto invest functionality so you have to log into it every month. CoreShares, Sygnia etc. all allow it but... I dunno.

Unit trust please :D
[/quote]

The platinum basket looks good and EE debit is easy enough

Question on the baskets I have never got on EE, you pay the investment fee and then a basket fee every month right ?

What is TER overall ?

And again I am assuming it’s just for ease as one could buy those stock individually monthly but basket just for convenience right?



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Hamster

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Re: TFSA
« Reply #19 on: February 24, 2018, 09:51:49 pm »
Well, I buy them individually (it was modelled after mine). Never used a basket myself. On EE it's easy enough to maintain it via debit orders.
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Patrick

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Re: TFSA
« Reply #20 on: February 26, 2018, 12:21:44 pm »
Good news
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rjthomas

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Purple Group family connection
« Reply #21 on: February 27, 2018, 03:23:57 pm »
Quote from: Hamster on February 22, 2018, 05:27:23 am
Any relation to Carly Barnes (purple hair)?

Yes, I believe Carly is the daughter of Mark Barnes. You can see some interesting transaction in their annual report or SENSE reports for directors dealings.
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rjthomas

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GT247
« Reply #22 on: February 27, 2018, 03:33:39 pm »
Quote from: gcr on February 22, 2018, 12:14:06 am
Easy Equities is part of the Purple Group - it also has a company GT247 which was a trading platform. When I went on retirement in 2005 I used to read a daily bulletin board (can't remember the name right now) and the people commenting on this board were all traders from around the globe - they operated in London, SA, Hong Kong, Canada, Australia, America. They absolutely castigated GT247 for poor administration, fouling up orders and unwarranted charges. Some were quite acerbic in their criticism of the company and its head honcho - Mark Barnes who is still chairman and is now the CEO of SAPO and has gone on record to say that he will fix this operation.My opinion

How does your experience after 2005 relate to this Noseweek investigation on GT247?
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gcr

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Re: GT247
« Reply #23 on: February 27, 2018, 07:02:36 pm »
Quote from: rjthomas on February 27, 2018, 03:33:39 pm
Quote from: gcr on February 22, 2018, 12:14:06 am
Easy Equities is part of the Purple Group - it also has a company GT247 which was a trading platform. When I went on retirement in 2005 I used to read a daily bulletin board (can't remember the name right now) and the people commenting on this board were all traders from around the globe - they operated in London, SA, Hong Kong, Canada, Australia, America. They absolutely castigated GT247 for poor administration, fouling up orders and unwarranted charges. Some were quite acerbic in their criticism of the company and its head honcho - Mark Barnes who is still chairman and is now the CEO of SAPO and has gone on record to say that he will fix this operation.My opinion

How does your experience after 2005 relate to this Noseweek investigation on GT247?
Never dealt with GT247 - merely relating comments related to circa 2005 - was sufficient for me to steer away from the company
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marguerittereed

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Re: TFSA
« Reply #24 on: March 05, 2018, 10:11:14 am »
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HT Song

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Re: TFSA
« Reply #25 on: March 09, 2018, 09:21:57 am »
I currently have about 100k in my TFSA - if I transfer it to another broker (i.e with EasyEquities with which I am familiar), how does the 33k per year contribution limit come into play?

Does to 100k go into my TFSA available funds like an EFT and can I then pick ETF's up to the 100k mark in one go (and then contribute my 33k this year over and above that)?

Thanks in advance!
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gcr

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Re: TFSA
« Reply #26 on: March 13, 2018, 04:02:41 pm »
I see from 10/4 you will be able to buy STXNDQ which will have a Nasdaq as a basis - will wait a few days to see how its price tracks and if ok will put some in my TFSA account
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Patrick

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Re: TFSA
« Reply #27 on: March 13, 2018, 04:58:29 pm »
Quote from: HT Song on March 09, 2018, 09:21:57 am
I currently have about 100k in my TFSA - if I transfer it to another broker (i.e with EasyEquities with which I am familiar), how does the 33k per year contribution limit come into play?

Does to 100k go into my TFSA available funds like an EFT and can I then pick ETF's up to the 100k mark in one go (and then contribute my 33k this year over and above that)?

Thanks in advance!
Yes, you're 100% correct, you can move it to EE for eg and then buy ETFs with all the value. If everything you added into it was done before 1 March then you can add another R33k for this year.
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