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Author Topic: Blog post: Those $%@#$^ fees are blatantly robbing you  (Read 13820 times)

Patrick

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Blog post: Those $%@#$^ fees are blatantly robbing you
« on: May 12, 2014, 12:54:25 pm »
Comments relating to the new blog post "Those $%@#$^ fees are blatantly robbing you".

http://www.investorchallenge.co.za/those-fees-are-blatantly-robbing-you/
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JDP

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Re: Blog post: Those $%@#$^ fees are blatantly robbing you
« Reply #1 on: May 12, 2014, 06:41:08 pm »
Nice article thanks, some sound advice.
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Nios

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Re: Blog post: Those $%@#$^ fees are blatantly robbing you
« Reply #2 on: May 14, 2014, 10:45:28 pm »
Nice one Patrick. It amazes me how easy it can be if one just sat down and did some simple calculations on how much that shiny new stuff is actually costing them as well as on the fee's on the investments.

BTW, apparently there's a way to transfer your STX fund to the likes of another broker before Satrix charges you their annual admin fee then transfer it back again to benefit from their low transaction charges.
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NakedPeanut

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Re: Blog post: Those $%@#$^ fees are blatantly robbing you
« Reply #3 on: August 25, 2014, 07:38:18 pm »
I suppose one thing to just consider is the monthly charge, many accounts attract. FNB's Share Investor @ R49p/m which would be around ~24k with 6%  inflation (if I worked it out right). This obviously falls way short of the Unit Trust Fees.

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Patrick

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Re: Blog post: Those $%@#$^ fees are blatantly robbing you
« Reply #4 on: August 26, 2014, 08:18:41 am »
True, I'm with ABSA so it's R800 a year, but if I trade 5 times a year it's free. Interestingly, the minimum trade charge is R120, so 5 trades would be R600 not R800. If I find I haven't traded in a year I'll just buy 5 penny shares and save myself R200 :)
« Last Edit: August 26, 2014, 08:20:56 am by Patrick »
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Bundu

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Re: Blog post: Those $%@#$^ fees are blatantly robbing you
« Reply #5 on: December 22, 2014, 12:17:58 pm »
Quote from: Patrick on August 26, 2014, 08:18:41 am
True, I'm with ABSA so it's R800 a year, but if I trade 5 times a year it's free. Interestingly, the minimum trade charge is R120, so 5 trades would be R600 not R800. If I find I haven't traded in a year I'll just buy 5 penny shares and save myself R200 :)

AFAIK they have now changed that and you will pay a monthly fee UNTIL you have traded 5 times..... sleezy way that they have changed it...
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« Last Edit: Tomorrow at 06:13:55 PM by Bundu »

MrMafia

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Re: Blog post: Those $%@#$^ fees are blatantly robbing you
« Reply #6 on: January 07, 2015, 09:56:42 am »
"I’d rather not be a gambling man so I’m going to give this a miss personally." - as quoted from the blog.

I have a different perception that may make it easier to take risks.

Gambling is merely risk vs. reward, and so is everything in life.  There are good gambles and there are bad gambles.  A good gamble is when the reward is greater than the risk.  A bad gamble is vice versa.  If you perform good gambles consistently in life then statistically you should be better off for it :D Easy!

How do you turn an investment or trade into a good gamble?  Risk analysis.  Do the fundamental and the technical.   And practice it so that your ability to spot the good and the bad improves.  Then it only becomes logical to pursue those gambles - in fact you'd be silly not to. 

Climbing in your car to go to work is a gamble  ;)

 
« Last Edit: January 07, 2015, 09:59:50 am by MrMafia »
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terencej

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Re: Blog post: Those $%@#$^ fees are blatantly robbing you
« Reply #7 on: January 07, 2015, 02:29:44 pm »
Have anyone looked a EasyEquities.co.za? Their fees are very very low.
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