Easy Equities good or bad?

[zerocool2009]

Morning guys,

Can someone please explain something to me ...

Last week dividends paid out, and I saw the line : "Issuer Portfolio Cost". That boiled to the costs from the under laying fund.

NOW ... today more dividends paid out, with not that line "Issuer Portfolio Cost".

2020-07-27 Dividend Ashburton MidCap ETF-Dividends @1.45067
2020-07-27 Dividend Withholding Tax ASHMID-Dividend Withholding Tax @20%
2020-07-27 Ashburton MidCap ETF-Foreign Dividends @0.32331
2020-07-27 Dividend Withholding Tax ASHMID-Dividend Withholding Tax @20%
2020-07-27 Ashburton MidCap ETF-REIT Distribution @1.16696
2020-07-27 Ashburton MidCap ETF-Other Income @0.23541
2020-07-27 Ashburton MidCap ETF-Securities Interest @0.02512
2020-07-27 Ashburton Top40 ETF-Securities Interest @0.25616
2020-07-27 Dividend Ashburton Top40 ETF-Dividends @41.44028
2020-07-27 Dividend Withholding Tax ASHT40-Dividend Withholding Tax @20%
2020-07-27 Ashburton Top40 ETF-REIT Distribution @2.64027
2020-07-27 Ashburton Top40 ETF-Other Income @0.21784

What am I missing ?

The same with Satrix Top 40. No "Issuer Portfolio Cost" from Satrix (but EE is the holding account)

I double checked the Satrix Top40 ETF : 0.10% charged in fees

 

[mr_norris]

Last week dividends paid out, and I saw the line : "Issuer Portfolio Cost". That boiled to the costs from the under laying fund.

I could be wrong here, but it could be the annual charge for the etf. I assume that different funds charge at different periods of the year. I will check mine to see if I can spot anything

 

[zerocool2009]

I could be wrong here, but it could be the annual charge for the etf. I assume that different funds charge at different periods of the year. I will check mine to see if I can spot anything

So far what I could observe in the last 2 weeks ...

Ash Global 1200 ETC charged
Satrix Indi ETF charged
Satrix Top40 ETF NOT charged
Ash Top 40 ETF NOT charged
Ash MidCap EFT NOT charged

 

[mr_norris]

So far what I could observe in the last 2 weeks ...

Ash Global 1200 ETC charged
Satrix Indi ETF charged
Satrix Top40 ETF NOT charged
Ash Top 40 ETF NOT charged
Ash MidCap EFT NOT charged

It's frustrating because I can't find any info in EE's knowledge base or in the MDD's, but I still assume what I said before. By the looks of things, I get the issuer fee in satrix property and one of the sygnia funds every 6 months. It's not consistent either. A lot of other funds don't have these. I am wondering if EE just get these charges from some of the funds, while others just remove the charge from dividends without saying anything. I have no clue how it all works. Might be best to ask EE if you are concerned, but good luck with that.

 

[3WA]

Morning guys,

Can someone please explain something to me ...

Last week dividends paid out, and I saw the line : "Issuer Portfolio Cost". That boiled to the costs from the under laying fund.

NOW ... today more dividends paid out, with not that line "Issuer Portfolio Cost".

2020-07-27 Dividend Ashburton MidCap ETF-Dividends @1.45067
2020-07-27 Dividend Withholding Tax ASHMID-Dividend Withholding Tax @20%
2020-07-27 Ashburton MidCap ETF-Foreign Dividends @0.32331
2020-07-27 Dividend Withholding Tax ASHMID-Dividend Withholding Tax @20%
2020-07-27 Ashburton MidCap ETF-REIT Distribution @1.16696
2020-07-27 Ashburton MidCap ETF-Other Income @0.23541
2020-07-27 Ashburton MidCap ETF-Securities Interest @0.02512
2020-07-27 Ashburton Top40 ETF-Securities Interest @0.25616
2020-07-27 Dividend Ashburton Top40 ETF-Dividends @41.44028
2020-07-27 Dividend Withholding Tax ASHT40-Dividend Withholding Tax @20%
2020-07-27 Ashburton Top40 ETF-REIT Distribution @2.64027
2020-07-27 Ashburton Top40 ETF-Other Income @0.21784

What am I missing ?

The same with Satrix Top 40. No "Issuer Portfolio Cost" from Satrix (but EE is the holding account)

I double checked the Satrix Top40 ETF : 0.10% charged in fees

Sygnia go the extra step by explicitly stating their costs (issuer portfolio cost). Others (e.g. Ashburton) do not (but they still charge it).

 

[zerocool2009]

Sygnia go the extra step by explicitly stating their costs (issuer portfolio cost). Others (e.g. Ashburton) do not (but they still charge it).

In my Ashburton Global 1200 fund, they clearly showed it
But the Ashburton Top 40 and Midcap (nothing), and I can see NO fees was misused from the dividend amounts

I now emailed EE to explain to me. It doesnt make sense to me

 

[3WA]

In my Ashburton Global 1200 fund, they clearly showed it
But the Ashburton Top 40 and Midcap (nothing), and I can see NO fees was misused from the dividend amounts

I now emailed EE to explain to me. It doesnt make sense to me

Weird. I sold out of ASHGEQ, so the last record I have is end-Feb, but the only deduction was foreign dividends tax. Maybe they deduct once a year.

 

[vavyn]

Hi all.

Currently have around 30k+- sitting in Coronation Top 20 equity and Balanced Plus. Thinking of pulling that money out and put it in the TSFA SP500 and MSCI ETF.

Is it a good idea and what's the difference between 1nvest, Satrix and Sygnia MSCI world ETF.
Thanks

 

[mr_norris]

Hi all.

Currently have around 30k+- sitting in Coronation Top 20 equity and Balanced Plus. Thinking of pulling that money out and put it in the TSFA SP500 and MSCI ETF.

Is it a good idea and what's the difference between 1nvest, Satrix and Sygnia MSCI world ETF.
Thanks

Look at the MDD's for each? That's what I do. For similar ETFs but in different companies, it could be costs or weights that differ. Those are the usual things.

 

[supersunbird]

is it just me that finds the use of the term "IT nerds" insulting?

Not only you snowflake, seems there are others...

 

[supersunbird]

Why EasyEquities cancelled its scrip lending launch

EasyEquities, the investment platform owned by JSE-listed Purple Group, was forced to cancel the launch of scrip lending on Thursday, the same day it announced the offering to clients. Much of the pushback was on Twitter, after certain users had highlighted potential problems with how EasyEquities had changed its terms and conditions, and how it communicated this to clients.

The introduction of scrip or securities lending, where an investor’s stock is lent out to a third party, was buried in an email to clients which referred to “minor changes to … terms and conditions” including “clarifying Sharia law compliance, [and] adding securities lending to our platform”. Neither of these changes were explained further in the email, nor in the summary document.

Why EasyEquities cancelled its scrip lending launch

Investment platform admits that it 'got it wrong' …

www.moneyweb.co.za

A bit dodgy if you ask me (default opt ins are mobile provider level of shens)...

 

[newby_investor]

Why EasyEquities cancelled its scrip lending launch

Investment platform admits that it 'got it wrong' …

www.moneyweb.co.za

A bit dodgy if you ask me (default opt ins are mobile provider level of shens)...

Well to their credit, they are rectifying the situation. And pretty swiftly at that.

 

[Hamster]

Well to their credit, they are rectifying the situation. And pretty swiftly at that.

Not to their credit. Enough people complained, they did the math and saw it'll be worse for them to launch. They stand to make money out of this hence the default opt-in. They didn't do it for us, this is for them.

 

[newby_investor]

Not to their credit. Enough people complained, they did the math and saw it'll be worse for them to launch. They stand to make money out of this hence the default opt-in. They didn't do it for us, this is for them.

Well that's a good way to do things, right? Customers complain, then take quick action to fix what they were complaining about? Contrast that to some other businesses that we know who when they bodge things up, insist that they have been right all along and leave their customers fuming.

It's not as though it's possible to run a perfect business and never make a mistake. So credit for fixing mistakes quickly.

Also, Purple Group does need to make a profit. It isn't a charity. And from what I understand their margins are pretty thin. So I don't blame them for trying to increase their profits a bit.

Sure, I don't think they communicated this change properly, and opt-in would have been better than opt-out, but they reversed quickly in response to feedback, so I'm not offended by what has transpired.

 

[wcm]

Well that's a good way to do things, right? Customers complain, then take quick action to fix what they were complaining about? Contrast that to some other businesses that we know who when they bodge things up, insist that they have been right all along and leave their customers fuming.

It's not as though it's possible to run a perfect business and never make a mistake. So credit for fixing mistakes quickly.

Also, Purple Group does need to make a profit. It isn't a charity. And from what I understand their margins are pretty thin. So I don't blame them for trying to increase their profits a bit.

Sure, I don't think they communicated this change properly, and opt-in would have been better than opt-out, but they reversed quickly in response to feedback, so I'm not offended by what has transpired.

Nice try EE employee

 

[newby_investor]

Nice try EE employee

Lol. I just said in another thread that I work in astronomy, not EE. I'm an EE client though.

 

[too_much_coffee]

Howdy ^^

I'm hoping you guys don't roast me too badly for asking a potentially stupid question.
I'm wanting to throw some cash-dollar at EE. Only thing holding me back is a lack of understanding on whether it's possible to ever end up losing more money than initially invested (owing EE for example). As far as I can tell it's impossible not to land up using FSR ( which seems to be CFD in disguise ). So if things go bum-up with the companies I'm investing in, I'm worried EE can come for my wallet.

To summarize: Is it possible to lose more money than you put in with EE or to be in debt to them?

 

[bobcpt]

Howdy ^^

I'm hoping you guys don't roast me too badly for asking a potentially stupid question.
I'm wanting to throw some cash-dollar at EE. Only thing holding me back is a lack of understanding on whether it's possible to ever end up losing more money than initially invested (owing EE for example). As far as I can tell it's impossible not to land up using FSR ( which seems to be CFD in disguise ). So if things go bum-up with the companies I'm investing in, I'm worried I'm worried EE can come for my wallet.

To summarize: Is it possible to lose more money than you put in with EE or to be in debt to them?

By asking questions you are far ahead of those who do not ask questions.

As far as I understand it, you own the underlying shares on whole securities and a CFD on the remainder. If a share costs R30 and you invest R100 you will end up with 3 whole securities and a cfd for for the remaining R10. If the share price were to go to zero, the money invested in that particular share would be lost. EE does not offer gearing or the ability to short shares, so you can't end up owing them more money than you invested initially.

If you want to reduce your risk of shares going to zero, rather opt to invest in the top 40 largest companies or buy exchange traded funds which will give you exposure to a number of companies. Spreads are generally lower and there are lots of liquidity if you want to buy or sell.

 

[Kashman]

So, I have to ask..

After doing some research, I am debating getting into bed with EE. Thee offering is nice, cheap and allows me to use a single platform to manage multiple EFT's/shares etc....BUT not sure about the support?

Any opinions. I am seeing quiet a few complaints on hellopeter around lack of support, change change banking details, no way of withdrawing the funds from them?

Is anyone experiencing similar concerns? I know they have had teething issues in the past which is expected but looking for a fresh perspective so I know whether to invest.

 

[TeMoeg]

So, I have to ask..

After doing some research, I am debating getting into bed with EE. Thee offering is nice, cheap and allows me to use a single platform to manage multiple EFT's/shares etc....BUT not sure about the support?

Any opinions. I am seeing quiet a few complaints on hellopeter around lack of support, change change banking details, no way of withdrawing the funds from them?

Is anyone experiencing similar concerns? I know they have had teething issues in the past which is expected but looking for a fresh perspective so I know whether to invest.

A definite No-No for trading shares on the JSE. For more details, please see my previous posts.