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Question of the Day: Was the Airlink flyover too low?
Easy Equities good or bad?
- Thread starter lagoaty
- Start date
konfab
Honorary Master
I just want someone to clarify:
The fees seem to be based around when you buy and sell shares. So lets say I make my millions on the JSE and I want to withdraw it to my bank account. Are there any fees involved?
The fees seem to be based around when you buy and sell shares. So lets say I make my millions on the JSE and I want to withdraw it to my bank account. Are there any fees involved?
You pay the following fees when buying shares:
Broker Commission - 0.25% of value traded
Securities Transfer Tax (STT) and Administration - 0.25% of value traded (should not be charged on ETFs)
Settlement and Administration - 0.075% of value traded
Investor Protection Levy (IPL) and Administration - 0.0002% of value traded
Value-added Tax on Costs (VAT) - 14% on brokerage settlement & investor protection levy
You pay the following fees when selling shares:
Broker Commission - 0.25% of value traded
Settlement and Administration - 0.075% of value traded
Investor Protection Levy (IPL) and Administration - 0.0002% of value traded
Value-added Tax on Costs (VAT) - 14% on brokerage settlement & investor protection levy
There are no ongoing admin charges or charges for withdrawing cash (after selling your shares).
konfab
Honorary Master
Thanks
The fees seems right to me. It works out to 0.62% of the value traded.
When buying 3 Sasol shares on the Standard Bank Online Share Trading platform the fees will be as follows:
Projected share cost at bid price: R 1,296.78
Securities transfer tax: R 3.24
STRATE: R 11.58
Brokerage: R 60.00
VAT on charges: R 10.02
Investor Protection Levy: R 0.00
Overall projected cost: R 1,381.63
The fees and charges work out to R84.84, or 6.5% of the value traded.
Neo_X
Expert Member
Well I'll be damned
yup - im also really starting to like this low fee's benefit.
actually changing my mind from the investor idea to more a trader. but then i need to study a little bit more on what the pro's and con's is
I don't have the capital to do short term trading. ( I assume you need a big starting capital to make it worth while )
Neo_X
Expert Member
not so sure on that fact, because normally the fee's was the only part holding you back. you can always use/practice with the demo money on the EE platform?
(see pull down top left- Real money/ Demo money)
I did and making lekker fake money!
Neo_X
Expert Member
LOL - now just to print it and play monopoly.
the fee's and the partial shares - definite the best combination for short term trading.I actually dont't look at the physical shares anymore. just X-amount invested into each stock. My plan was to take an amount per month, divide it into the 30 stocks i like, and buy from each. fee's is the same if i buy one stock or 30.
That's what I am doing with my 100K fake life.
Hello all!
So i've been playing around with my EE demo account and in the last 3 weeks I have been pretty impressed with my returns.. Even though it's only virtual cash monies.
That money is divided between 8 shares.
So i've been playing around with my EE demo account and in the last 3 weeks I have been pretty impressed with my returns.. Even though it's only virtual cash monies.
That money is divided between 8 shares.
Neo_X
Expert Member
Now to turn back the clock and use real money.
This is probably a silly question, but I hear a lot when people talk about shares they say the word "compounded interest" or Thats the beauty of compounded interest etc.
Can someone please explain this to me ? Do we earn interest on Easy equities ?
Also does anyone know how dividends work on EE ?
Can someone please explain this to me ? Do we earn interest on Easy equities ?
Also does anyone know how dividends work on EE ?
Hamster
Resident Rodent
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Compound interest is interest on interest. Very crude example, you put away R100 at 5% for 10 years. Year one you earn 5% on R100 which brings you to R105. Year two you earn 5% on the R105 instead of just the initial R100.
Shares have a similar snowball effect.