Easy Equities good or bad?

[mr_norris]

Also just a day after i signed up with EE i got some sort of a tax registration email that i did not sign up for that says:

This looks like spam.

 

[LaraC]

What is the recommended method for converting a FSR into a full share?

Would you buy more or sell it?

 

[LaraC]

Why do some shares have limits on the amount of shares you may buy?
It seems silly to make numerous purchases.

 

[mr_norris]

What is the recommended method for converting a FSR into a full share?

Would you buy more or sell it?

View attachment 1026572

I would just leave it, unless I had spare cash. But the FSR has never bothered me.

Why do some shares have limits on the amount of shares you may buy?
It seems silly to make numerous purchases.

It has always irked me. A few times now I'd had to perform many transactions because of that limit. Looks like the reason is liquidity.

 

[LaraC]

I would just leave it, unless I had spare cash. But the FSR has never bothered me.


It has always irked me. A few times now I'd had to perform many transactions because of that limit. Looks like the reason is liquidity.

Thank you.

 

[Gudnews]

It has always irked me. A few times now I'd had to perform many transactions because of that limit. Looks like the reason is liquidity.

Can't this be overcome by emailing or phoning their trade desk?

 

[zerocool2009]

Net profit? If so what did your taxes and fees amount to?

One is Tfsa bound, so no taxes lol

 

[Gudnews]

One is Tfsa bound, so no taxes lol

Nice.

 

[zerocool2009]

Nice.

Ohhhh yeah !

Lets see, 5 years with fees and 3% growth ...

To 90% up with ZERO fees ! (its double what it was last year).

That is why I am saying, STAY clear from BANKS !

 

[surface]

Can't this be overcome by emailing or phoning their trade desk?

In the link about Liquidity mentioned by @mr_norris, it says so. At a cost

Should you experience a limit on a particular security and want to buy more of the security than the platform will allow at one time, you are able to do multiple buy transactions to reach the desired total amount you want to buy.

You also have the option of contacting our trading desk who will be able to assist you, but at an additional cost. If this is your preference contact tradingdesk@purplegroup.co.za between 09:05am - 16:40pm Monday to Friday (business days), stating that you are experiencing a system limitation and they will assist you to buy the desired value.

 

[surface]

What is difference between EE return % & factsheet growth %





ASHEQF factsheet says this (Link)

 

[Speedster]

What is difference between EE return % & factsheet growth %



View attachment 1026756

ASHEQF factsheet says this (Link)
View attachment 1026758

The fact sheet is dated 31 Jan. The EE number will be about a month later.

 

[surface]

The fact sheet is dated 31 Jan. The EE number will be about a month later.

true but does 1 month explain a massive difference between the returns though? 15.62% and 3.45% ?

 

[Quicks]

Quick questions:

1. What happens when EE close down obviously you still have shares do they give option just to transfer it to another company?
2. If something happens to you, but never told anyone about your investment or is there a way to put a beneficiary?
3. If you have a 32Day fixed savings account and have savings already, better idea to withdraw that and put it into the TFSA account with EE? max it out the R36000 and keep the rest and do that each year?
4. Have a provident fund with Old mutual as well you be able to transfer say each year R36000 out of that to the TFSA without TAX complications or will the company have an issue with that?

Just wondering...

 

[Bincx]

Quick questions:

1. What happens when EE close down obviously you still have shares do they give option just to transfer it to another company?
2. If something happens to you, but never told anyone about your investment or is there a way to put a beneficiary?
3. If you have a 32Day fixed savings account and have savings already, better idea to withdraw that and put it into the TFSA account with EE? max it out the R36000 and keep the rest and do that each year?
4. Have a provident fund with Old mutual as well you be able to transfer say each year R36000 out of that to the TFSA without TAX complications or will the company have an issue with that?

Just wondering...

1. Not entirely sure
2. It will go to your estate. I don't think you can nominate a beneficiary on your share account. I would suggest you add to note to your will so that people will know you have an EE account and go look for your monies
3. You could do this, but to get the most benefit of a TFSA you want to keep it there long term i.e. try to avoid using funds that you might need for emergency purposes. TFSA accounts have annual and lifetime limits and once you use them, they gone forever.
4. A Provident fund generally allows only 1 withdrawal pre-retirement (normal age 55). So you either need to withdraw a huge amount once off (anything above 500k will be taxed) and keep it elsewhere and then add annually to tax free or only withdraw once an amount of R36k.... but you won't be able to repeat this every year as its legislated to the one withdrawal. So personally, i definitely would not advise you to do #4.

 

[Quicks]

5. What would happen if the Rand goes tits up like Zimbabwe currency, but have a TFSA that is tracking world currency. How does that affect you investment (Shares)?

 

[rietrot]

5. What would happen if the Rand goes tits up like Zimbabwe currency, but have a TFSA that is tracking world currency. How does that affect you investment (Shares)?

Unlikely with the way we manage inflation.
We can't have hyperinflation as that would come with hyper-intrerest rates.

But if it were to happen shares/ETFs especially in based in foreign stocks would perform well.

Most likely is Argentina style defaults on government debt, currency devaluation, double digit inflation, high interest rates. I'm not sure on the timeline, these things happen slowly. Maybe 5years?

 

[AirWolf]

What is the recommended method for converting a FSR into a full share?

Would you buy more or sell it?

View attachment 1026572

You can only specify share quantity on a buy, not a sell, so in theory you should be able to round up with a buy. One of the previous posts says that doesn't work so well either. I've never tested.

 

[rietrot]

Quick questions:

1. What happens when EE close down obviously you still have shares do they give option just to transfer it to another company?
2. If something happens to you, but never told anyone about your investment or is there a way to put a beneficiary?
3. If you have a 32Day fixed savings account and have savings already, better idea to withdraw that and put it into the TFSA account with EE? max it out the R36000 and keep the rest and do that each year?
4. Have a provident fund with Old mutual as well you be able to transfer say each year R36000 out of that to the TFSA without TAX complications or will the company have an issue with that?

Just wondering...

1. Yes. Fractional shares might be lost with EE.
2. Just have a will. If you don't you forfeit your asset to the state. In this case they probably won't realise you are dead and the shares will just lie there forever.
3. Yes. Depending on if you want access to the money you should ideally not withdraw from a tfsa
4 unknown. I don't think you can do that.

 

[zerocool2009]

Step 4: if you are on pension you can topup your Tfsa with your monthly pension payout! (Max R36 000)