Easy Equities good or bad?

Swa said:
What are the definitions? An ETF is traded on an exchange with the price determined externally. An unit trust is provided by a private platform or institution with the price usually set by the platform.
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That's a very narrow definition. We're talking about crypto here with only one true ETF approved in the US.

Unit trusts have daily transactions not instantaneous.

Unit trusts have no commission on buying and selling.

ETFs replicate an index. So that would mean EC10 is an index rather than an ETF. That's what it says on the tin.
 
Just a question. Let's say that your investment profits in EE is up, say R500 000 (put any big number here). This is a NOT a TFSA account but your normal investment account. Do you pay tax on that profit you have made for the year or do you only pay tax when you withdraw the money eventually?
 
Magandroid said:
Just a question. Let's say that your investment profits in EE is up, say R500 000 (put any big number here). This is a NOT a TFSA account but your normal investment account. Do you pay tax on that profit you have made for the year or do you only pay tax when you withdraw the money eventually?
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Yep, only when you withdraw for your typical share investment portfolio.
 
Magandroid said:
Just a question. Let's say that your investment profits in EE is up, say R500 000 (put any big number here). This is a NOT a TFSA account but your normal investment account. Do you pay tax on that profit you have made for the year or do you only pay tax when you withdraw the money eventually?
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You get taxed on dividends payouts.

You have a R40000 window (before starting to pay tax when you withdraw)
 
Sir Bob said:
When did you open your TFSA?
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I think in 2017, I am not sure. Maybe early 2018.
surface said:
Considering less than 1% return, is it Allan Gray perhaps? :unsure:
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Lol no, it's a mixture of Coreshares Total World, Satrix Prop (the real sandbag) and Sygnia Global Property. I have probably been in the green before (pre-2020 crash?) but I don't quite remember.
 
mr_norris said:
I think in 2017, I am not sure. Maybe early 2018.

Lol no, it's a mixture of Coreshares Total World, Satrix Prop (the real sandbag) and Sygnia Global Property. I have probably been in the green before (pre-2020 crash?) but I don't quite remember.
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ouch. Property ones are probably pulling it down on average of 3 years.
 
Speedster said:
You are taxed upon disposal (sale) not withdrawal. If you've kept the shares for at least 3 years it's capital gains, otherwise stock standard income tax.
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Whether it's considered income or capital gains is purely down to the intention of the investor if the period held is <3 years.
 
I bank with Capitec Bank and have some investments with EasyEquities. Why, after all these years does it still take 24 to 48 hours for any funds to appear in my EE accounts when making a deposit from my bank account?
I understand that in the beginning Capitec never had business banking facilities, thus the funds had to be deposited into an FNB business account before it will appear in the EE account and this could take up to 48 hours. Capitec now even have an EE facility in its banking app.
With Capitec's acquisition of Mercantile Business Bank, can't they just create an EE account which we can deposit funds into and it then should appear in the EE account much faster?
Edit: Not sure if this is the right thread to post this question in though as it does ask the question about Capitec.
 
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Magandroid said:
I bank with Capitec Bank and have some investments with EasyEquities. Why, after all these years does it still take 24 to 48 hours for any funds to appear in my EE accounts when making a deposit from my bank account?
I understand that in the beginning Capitec never had business banking facilities, thus the funds had to be deposited into an FNB business account before it will appear in the EE account and this could take up to 48 hours. Capitec now even have an EE facility in its banking app.
With Capitec's acquisition of Mercantile Business Bank, can't they just create an EE account which we can deposit funds into and it then should appear in the EE account much faster?
Edit: Not sure if this is the right thread to post this question in though as it does ask the question about Capitec.
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Same reason why I haven't left FNB yet. I have Time Bank, Capitec and FNB. If Capitec can sort out this issue I would probably say goodbye to FNB.
 
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