Easy Equities good or bad?

[B-1]

New tanking in price - lower R80s

Lost a lot of beer money
Have a lot of red on my investments the last 2 weeks. Hasn't been fun.

 

[zerocool2009]

Fall more please!!!! I want bargains

 

[B-1]

Their app seems very much a mobile web container rather than a real app.

Their app is due and will probably receive a massive upgrade.

They use hubspot as far as Ive seen.

 

[Swa]

Completely agree. Sometimes though you don't have any option. With the growth they've experienced over the past 12 months, you can imagine their Customer Service demands have compounded exponentially. Clearly taking time for them to scale up.

There's Telegram and Whatsapp. They have a corporate API specifically for that. Twatter and Fleisboek are really the most unprofessional platforms to do business on.

 

[Quicks]

if you sell and buy within the TFSA this do not affect your yearly contribution limit?

So say I have example R36000 in 3 different stocks R12000x3 and sell that, to buy something else worth R36000 do not matter?

Maximum contribution (deposit) into the TFSA account is R36000, but can hold R100000 and you can buy and sell like you please?

 

[zerocool2009]

if you sell and buy within the TFSA this do not affect your yearly contribution limit?

So say I have example R36000 in 3 different stocks R12000x3 and sell that, to buy something else worth R36000 do not matter?

Maximum contribution (deposit) into the TFSA account is R36000, but can hold R100000 and you can buy and sell like you please?

Yes to all

 

[cr@zydude]

Maximum contribution (deposit) into the TFSA account is R36000, but can hold R100000 and you can buy and sell like you please?

I don't understand this. You're allowed to deposit R36 000 per year into a TFSA, but what is this R100 000 limit? The lifetime limit on a TFSA should be R500 000.

 

[Quicks]

I don't understand this. You're allowed to deposit R36 000 per year into a TFSA, but what is this R100 000 limit? The lifetime limit on a TFSA should be R500 000.

Sorry explained it a bit wrong I meant to say I have R100000 in the account, will I be able to buy and sell stocks with that R100000 within the TFSA account and this will have no affect on your yearly limit or the MAX limit R500 000. Basically the only time it will have a affect your limits on the account is if you transfer the money out of the TFSA and or put in more money (deposit) from outside the TFSA account.

 

[3WA]

Sorry explained it a bit wrong I meant to say I have R100000 in the account, will I be able to buy and sell stocks with that R100000 within the TFSA account and this will have no affect on your yearly limit or the MAX limit R500 000. Basically the only time it will have a affect your limits on the account is if you transfer the money out of the TFSA and or put in more money (deposit) from outside the TFSA account.

Yes, you can move money around between different things within the TFSA (i.e. sell and buy ETFs). Just don’t move money out, or move in above the 36k annual limit.

I'm assuming you got the R100k in there over more than two years.

 

[zerocool2009]

Things to do with your TFSA:

1. Buy or sell within the product
2. Do a transfer from provider X to provider Y
3. Stick with the R36k yearly limit

 

[Swa]

What happens when you have a TFA at more than one provider and you max both out?

 

[zerocool2009]

What happens when you have a TFA at more than one provider and you max both out?

No! R36000 for ALL accounts in TOTAL

 

[Swa]

No! R36000 for ALL accounts in TOTAL

I asked what happens.

 

[zerocool2009]

Ok ... if you pay R36001 in total, SARS will start holding their hand for their CUT !

Lets take multiple TFSA's out of the scenario, lets say you pay more in ...

Example, for TAXES, you need to give all your TFSA info, and the providers also sends in it (so strictly speaking .... dont overpay the MAX contribution)

 

[beefymoocow]

I asked what happens.

You just get taxed crazy. You allowed to max your tfsa. But when you file your returns you will probably have to cough up a bit.

 

[Swa]

Ok ... if you pay R36001 in total, SARS will start holding their hand for their CUT !

Lets take multiple TFSA's out of the scenario, lets say you pay more in ...

Example, for TAXES, you need to give all your TFSA info, and the providers also sends in it (so strictly speaking .... dont overpay the MAX contribution)

Well that makes sense if they do. A single provider won't let you overpay.

 

[zerocool2009]

Well that makes sense if they do. A single provider won't let you overpay.

I had 4 tfsa’s, now only two. Its about keeping tab on your contributions, as simple as that

 

[zerocool2009]

It really amazes me how little guys really know about TFSA accounts, and its in this 7th year now

 

[chrismine]

It really amazes me how little guys really know about TFSA accounts, and its in this 7th year now

Im not especially clever but it's really not that difficult...

 

[Sideshow Bob]

I asked what happens.

If I google "tfsa south africa exceed limit", I get

The annual limit for individual investors in the product is currently R36,000 and the lifetime limit per investor is R500,000. Contributions must not exceed the annual individual limit of R36,000, as any contributions over and above this amount are taxed at a rate of 40 percent.