Easy Equities good or bad?

Neo_X said:
ummmmmmmmmm

nope , you dont really need cash to buy ETF's. EE will sponsor you the first 100k:whistle:
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Very funny

What I mean is. Do you first transfer the money to EE and after the money reflects with EE, you then select which ETF you want to purchase
 
zorro5614 said:
Very funny

What I mean is. Do you first transfer the money to EE and after the money reflects with EE, you then select which ETF you want to purchase
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Yes, the money must reflect on EE before you can purchase anything.
 
zorro5614 said:
That is also what I am planning
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cool.
yes you will need to do this monthly :
* Transfer money to your EE account ( use the correct REF for the TFSA)
* login to the EE interface once the money cleard
* purchase additional shares on the ETF you want(if you already own the ETF, its very simple to buy more)


i am currently with FNB, and thus use the CC facility to transfer cash to EE. EE charges a percentage but i get a bigger reward on ebucks.
 
On this, when they say "30k per year" is it per SA tax year? Or does the year start whenever you start contributing?
 
Just a question on the EE TFSA:

If I contributed a lumpsum of R30K into my EE account and then bought R30K worth of Company A's shares, If I then sell all the shares and buy R30K (or whatever the new value is) of Company B's Shares does this mean that I've gone over my TFSA tax free allowance? Or does it only affect my allowance if I withdraw money out of the actual TFSA into a bank account?
 
MikyMouse said:
Just a question on the EE TFSA:

If I contributed a lumpsum of R30K into my EE account and then bought R30K worth of Company A's shares, If I then sell all the shares and buy R30K (or whatever the new value is) of Company B's Shares does this mean that I've gone over my TFSA tax free allowance? Or does it only affect my allowance if I withdraw money out of the actual TFSA into a bank account?
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very good question - think i have found something to research on a boring friday! :)

ok google didnt help

Called the EE helpdesk/ Sales. They confirmed that limits only comes into effect if you withdraw cash from the account. Thus you can buy and sell within the portfolio without incurring any hits on your yearly/lifetime deposit limits

awesomeness :)
 
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Neo_X said:
very good question - think i have found something to research on a boring friday! :)

ok google didnt help

Called the EE helpdesk/ Sales. They confirmed that limits only comes into effect if you withdraw cash from the account. Thus you can buy and sell within the portfolio without incurring any hits on your yearly/lifetime deposit limits

awesomeness :)
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Hhahaha I'm glad that I could enhance your Friday :D

Sweet - thought this would be the case
 
MikyMouse said:
Just a question on the EE TFSA:

If I contributed a lumpsum of R30K into my EE account and then bought R30K worth of Company A's shares, If I then sell all the shares and buy R30K (or whatever the new value is) of Company B's Shares does this mean that I've gone over my TFSA tax free allowance? Or does it only affect my allowance if I withdraw money out of the actual TFSA into a bank account?
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You can trade as much as you like within the TFSA (mind the costs though) it's only when you withdraw money that it subtracts from your lifetime limit.
 
czc said:
You can trade as much as you like within the TFSA (mind the costs though) it's only when you withdraw money that it subtracts from your lifetime limit.
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Only what you deposit, contributes to that limit, otherwise capital gains will erode the allowance.

With this account it is even more important to consider fees (and therefore minimise trading) as these fees are paid from the account and cannot be paid separately.
 
The problem is the price is 0 I wonder what will happen if I get my South32 shares through BHP
 
Just registered with EE.
I haven't deposited any funds yet. When using the "custom amount" to buy, why is there a limit? Why is the limit different per ETF?
 
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