Easy Equities good or bad?

SauRoNZA said:
That’s not what the website says, unless TFSA is different.

https://www.absainvestments.co.za/wealth-and-investment-management/e-docs/stockbrokers/bu-docs/Absa%20Stockbrokers%20Brochure%20ENG.pdf#:~:text=Absa%20Stockbrokers’%20Online%20Trading%20Service%20is%20quick%2C%20efficient,per%20deal%20Flat%20rate%20of%200%2C4%25%20%2B%20VAT%2A

Brokerage is 0.4% with a minimum of R120 per trade and R800 admin fees a year.

EE is 0.25% but no minimum.

But yeah I suspected that’s what you were doing because that’s the only time it makes sense.

Most people aren’t operating like that and would at most for R3k a month and likely a whole lot less so Absa doesn’t make sense.

It’s why I quickly cancelled mine for the kids which is only a few hundred a month as it would all be lost in costs.

***

Okay right you meant this one.

www.absa.co.za

Earn more interest with Absa’s Tax-Free investment account

Grow your wealth with Absa’s Tax-Free Investment Account. R36 000 annual limit, no tax on interest or dividends, easy ETF investing from R250.
www.absa.co.za www.absa.co.za

Monthly Fee : None of you trade often enough, otherwise R35. (So a lot of active effort to avoid costs)

Fee : 0.2% R15 minimum but trade must be R250.

So that’s really 6% if you are doing the minimum investment.
Click to expand...
I've been with them since 2008 and have 3 trading accounts with them. I pay mnthly fees only on the one account if I don't trade. The main account (for JSE shares) I pay 0.4%. On TFSA I pay 0.2% and on ETFs account I pay 0.2% minimum R60.


sorry for distracting from EE, carry on
 
Bundu said:
I've been with them since 2008 and have 3 trading accounts with them. I pay mnthly fees only on the one account if I don't trade. The main account (for JSE shares) I pay 0.4%. On TFSA I pay 0.2% and on ETFs I pay 0.2% minimum R60.


sorry for distracting from EE, carry on
Click to expand...

The you say “trader” and not investor pretty much says it all and it likely works well for that.

I think for most people who aren’t throwing a lot of money at the costs won’t see them making a profit and until they are playing in those leagues EE is more sensible and even in those leagues the GT247 platform which is built for trading is likely the better option.

EE is more a “set and forget” type of option.
 
Good afternoon smart EE investors.

The email that was now send related to Royal Bafokeng Platinum, can anyone decode it please

"

Impact on Shareholders:​

As an RBPlat Shareholder, accepting this offer means you will receive R90 in cash and 0.300 Implats Shares for every 1 RBPlat Share sold. Fractional shares will be rounded to the nearest whole share, with fractions below 0.5 rounded down and fractions of 0.5 or more rounded up."

Is this related to selling ? (I assume)
 
zerocool2009 said:
Good afternoon smart EE investors.

The email that was now send related to Royal Bafokeng Platinum, can anyone decode it please

"

Impact on Shareholders:​

As an RBPlat Shareholder, accepting this offer means you will receive R90 in cash and 0.300 Implats Shares for every 1 RBPlat Share sold. Fractional shares will be rounded to the nearest whole share, with fractions below 0.5 rounded down and fractions of 0.5 or more rounded up."

Is this related to selling ? (I assume)
Click to expand...
Yes, they want to buy out all the remaining shares hold by retail investors, that's the way I interpret this, and their offer is essentially a mix of cash + implats shares.
 
so this is new ... been using EE for a while, more so recently to rebalance my portfolio and I've been using the EasyEquities widget in the Capitec banking app

worked without any issues last week, this morning I wait until trading opens and do two things via the widget:
- fund my EE account with an immediate transfer
- buy more of an ETF funded directly from my bank account with another immediate transfer

both transactions reflect on the bank's side, but on EasyEquities there is nothing, no pending orders, no funds, no transaction history, absolutely nothing

submitted a support ticket, but that's not the most confidence inspiring experience when big amounts are involved ... and what if the timing of the trade was critical? that timing has come and gone of course
 
3WA said:
Then you need a full-spec trading platform, not EE. EE works for cheap buy-and-hold.
Click to expand...
well cheap buy and hold is what I need, even so there could be times when you think "in the next 30min I need to buy, the quarterly results are about to be published" or something similar

then you pay the extra R7.50 for immediate bank transfer ... and watch as nothing happens and your support ticket auto-response promises a 36 hour turnaround

in this case I don't care about a few minutes delay, but seeing a fat chunk of money leave my bank account while EasyEquities has no trace of it is worrying (given that it was an immediate transfer done via the EasyEquities widget, there's no chance for user error explaining the missing money)
 
  • Like
Reactions: 3WA
NarrowBandFtw said:
well cheap buy and hold is what I need, even so there could be times when you think "in the next 30min I need to buy, the quarterly results are about to be published" or something similar

then you pay the extra R7.50 for immediate bank transfer ... and watch as nothing happens and your support ticket auto-response promises a 36 hour turnaround

in this case I don't care about a few minutes delay, but seeing a fat chunk of money leave my bank account while EasyEquities has no trace of it is worrying (given that it was an immediate transfer done via the EasyEquities widget, there's no chance for user error explaining the missing money)
Click to expand...
Sure, their support is crap, always has been and always will be. But if I remember correctly, immediate transfers do come with Ts&Cs from the bank’s side, so it’s probably worth waiting a couple of hours before getting too worried.
 
I think they changed something. Usually my FNB to their FNB transfers would reflect in a few minutes, even with a normal EFT. Now it takes hours. Maybe they moved to some cheaper option at the banks. Never done an immediate payment. I suppose you could use the CC option if it will be profitable in the end.
 
surface said:
I think I made it.

View attachment 1568914
Click to expand...
You're probably going to need to invest more than R130 if you want to live off dividends :unsure:

In other news, I invested the same amount into Satrix 40 and Satrix Divi for my kids a couple of years back and set it to re-invest the dividends. The Divi has outgrown the 40 by some margin. The EE dashboard shows the 40 as having greater growth, but that's because it doesn't include the dividend.
 
Speedster said:
You're probably going to need to invest more than R130 if you want to live off dividends :unsure:

In other news, I invested the same amount into Satrix 40 and Satrix Divi for my kids a couple of years back and set it to re-invest the dividends. The Divi has outgrown the 40 by some margin. The EE dashboard shows the 40 as having greater growth, but that's because it doesn't include the dividend.
Click to expand...
recently switched from Satrix Divi to Coreshares Global Divtrax as it shows higher gains over time ... will see how it goes
 
NarrowBandFtw said:
recently switched from Satrix Divi to Coreshares Global Divtrax as it shows higher gains over time ... will see how it goe
Click to expand...

For me, wife and offspring, I've (mostly) taken strong positions in the first 3 below for the past 4-6 years... (in one way or another since not all of it was always available via local platforms and ZAR-denominated all along, but now they are and have been for some time)

Fail to understand why anyone would dodder around elsewhere index-wise ito ZAR denominated long-term-set-and-forget index investing...?

1691516370319.png
 
acp said:
For me, wife and offspring, I've (mostly) taken strong positions in the first 3 below for the past 4-6 years... (in one way or another since not all of it was always available via local platforms and ZAR-denominated all along, but now they are and have been for some time)

Fail to understand why anyone would dodder around elsewhere index-wise ito ZAR denominated long-term-set-and-forget index investing...?

View attachment 1569222
Click to expand...
more or less yes, as the US goes so go the rest, also have a MSCI world position myself

different CoreShares DivTrax though I think, not the ZA one, the global one i.e. CoreShares GloDiv

fwiw my EasyEquities portfolio is (in order from largest position to smallest):
Coreshares Global Divtrax (USD growth and dividends, safe bet)
Satrix RAFI 40 (ZAR value stocks, roll the dice)
Sygnia Global Prop (USD growth and property exposure)
NewFunds TRACI ("money market", remnants of a TFSA that I can't move)
Satrix MSCI World (USD growth)
 
I am just getting started on EE and have made some purchase which are doing quite well considdering the short time I have been invested. Over the past few days there has been a lot of noise about Michael Burry shorting the stock exchange to the tune of $1.6 billion. What strategy could you adopt given this information and the MB's history?
 
You must log in or register to reply here.
Back
Top
Sign up to the MyBroadband newsletter
X