Easy Equities good or bad?

if they piss me off with that thrive business I will investigate a transfer further...
 
akescpt said:
i keep checking for the debit...none so far...

how long did the transfer take?
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About two weeks - EE charge a fee of R150 (I paid from the normal EE account) - just be careful, if you have a cash portion in your TFSA, they won't tell you, but will try and charge the R150 twice, once for shares, once for cash.
 
xrapidx said:
About two weeks - EE charge a fee of R150 (I paid from the normal EE account) - just be careful, if you have a cash portion in your TFSA, they won't tell you, but will try and charge the R150 twice, once for shares, once for cash.
Click to expand...
its scammy behaviour like that that just gets my spider senses going...why are they so desperate to screw their clients?
 
akescpt said:
its scammy behaviour like that that just gets my spider senses going...why are they so desperate to screw their clients?
Click to expand...

Yeh - asked them upfront what the fees are for the ENTIRE portfolio transfer, they confirmed R150. Then after they transferred the shares and I enquired about the cash balance, they came back and told me to put in another R150 to transfer that.

Told them I'd take it further as I had it writing the ENTIRE transfer would cost R150 - and eventually it was transferred at no cost after a social media complaint.
 
So I am a bit dom when it comes to investing as I don't have time to research stuff but for my children did put what we save for them (and what they get from other family members) into their own TFSA and invested in US predominantly.

My kids got another R36K from their grandparents and I need to invest it but thinking I am too much into one market (US) even though it has been great to their portfolio. Of course this is the kids money's (which I wish I had) so it is long term

Currently invested in:
  1. 1nvest S&P 500 Info Tech (up about 22%)
  2. Satrix MCSI world (up about 47%)
  3. Satrix Nasdaq 100 (up 64%)
  4. Satrix S&P 500 (up 64%)
  5. Sygnia S&P 500 (up 38%)
  6. Sygnia 4th Industrial Revolution (down 4%)
Don't ask my why I chose different providers for S&P 500 !! Don't know which is the most cost effective one.

Any tips on what TFSA friendly ETFs to look at ?

FWIW, in non-TFSA, invested some of their birthday money, 2 years ago into EC10, which was down 60% for nearly all the time since investing it. Bitcoin crashed in the week that the purchase was made. Today for the first time, I see it is green - up 13%. That bitcoin rally is helping!
 
TedLasso said:
So I am a bit dom when it comes to investing as I don't have time to research stuff but for my children did put what we save for them (and what they get from other family members) into their own TFSA and invested in US predominantly.

My kids got another R36K from their grandparents and I need to invest it but thinking I am too much into one market (US) even though it has been great to their portfolio. Of course this is the kids money's (which I wish I had) so it is long term

Currently invested in:
  1. 1nvest S&P 500 Info Tech (up about 22%)
  2. Satrix MCSI world (up about 47%)
  3. Satrix Nasdaq 100 (up 64%)
  4. Satrix S&P 500 (up 64%)
  5. Sygnia S&P 500 (up 38%)
  6. Sygnia 4th Industrial Revolution (down 4%)
Don't ask my why I chose different providers for S&P 500 !! Don't know which is the most cost effective one.

Any tips on what TFSA friendly ETFs to look at ?

FWIW, in non-TFSA, invested some of their birthday money, 2 years ago into EC10, which was down 60% for nearly all the time since investing it. Bitcoin crashed in the week that the purchase was made. Today for the first time, I see it is green - up 13%. That bitcoin rally is helping!
Click to expand...
My 2c
Understand the use of a TFSA
If your kids withdraw the money at 18 to travel the world or buy a car they going to lose the long term benefits of TFSA and should rather put the money into a normal account.
 
Sir Bob said:
My 2c
Understand the use of a TFSA
If your kids withdraw the money at 18 to travel the world or buy a car they going to lose the long term benefits of TFSA and should rather put the money into a normal account.
Click to expand...
They have other savings accounts - of course not with so much invested :) I know what the TFSA is for and when the kids are big enough, they will get to know about it and when they should really use it (ie withdraw). As parents, we hope to be able to provide nearly everything until they get their 1st jobs - still about 20 years away!

Also the point being, that if rules don't change, they will have fully used up their TFSA lifetime allowance of R500K by the time they hit their teens.

akescpt said:
i do not like this idea of using the TFSA to save for kids...but thats just my 2c...just use ZAR brokerage...
Click to expand...
Can you elaborate more?
 
TedLasso said:
So I am a bit dom when it comes to investing as I don't have time to research stuff but for my children did put what we save for them (and what they get from other family members) into their own TFSA and invested in US predominantly.

My kids got another R36K from their grandparents and I need to invest it but thinking I am too much into one market (US) even though it has been great to their portfolio. Of course this is the kids money's (which I wish I had) so it is long term

Currently invested in:
  1. 1nvest S&P 500 Info Tech (up about 22%)
  2. Satrix MCSI world (up about 47%)
  3. Satrix Nasdaq 100 (up 64%)
  4. Satrix S&P 500 (up 64%)
  5. Sygnia S&P 500 (up 38%)
  6. Sygnia 4th Industrial Revolution (down 4%)
Don't ask my why I chose different providers for S&P 500 !! Don't know which is the most cost effective one.

Any tips on what TFSA friendly ETFs to look at ?

FWIW, in non-TFSA, invested some of their birthday money, 2 years ago into EC10, which was down 60% for nearly all the time since investing it. Bitcoin crashed in the week that the purchase was made. Today for the first time, I see it is green - up 13%. That bitcoin rally is helping!
Click to expand...
The way your child's portfolio is structured seems to have a significant amount of overlap. Personally, I would suggest simplifying it by selecting one or two ETFs to invest in. Having multiple ETFs with overlapping holdings can result in unnecessary fees without much added benefit.

Depending on your perspective on global market domination, you might consider a total world ETF or one that is US-dominated. Both options have their merits. A total world ETF provides some protection in case the US loses its dominance in the global economy, although it's worth noting that most total world ETFs still have a substantial allocation to the US market.

I personally opt for a total world ETF such as the 10x total world ETF. This choice gives exposure to large, mid, and small-cap stocks in both developed and developing markets. With a relatively low Total Expense Ratio (TER) of around 0.2 or 0.3%, it offers a cost-effective way to diversify across global markets. While a more concentrated US ETF might have performed better historically, I'm not convinced that US market dominance will last indefinitely.

Overall, it's important to consider your investment goals and risk tolerance when choosing an ETF for your child's portfolio. Simplifying the portfolio with a single diversified ETF can be an effective strategy for long-term growth.
 
On tfsa level, I have a motto, have 1000 or 2000 shares, and start a new fund selection.

I have currently 5 funds
 
TedLasso said:
So I am a bit dom when it comes to investing as I don't have time to research stuff but for my children did put what we save for them (and what they get from other family members) into their own TFSA and invested in US predominantly.

My kids got another R36K from their grandparents and I need to invest it but thinking I am too much into one market (US) even though it has been great to their portfolio. Of course this is the kids money's (which I wish I had) so it is long term

Currently invested in:
  1. 1nvest S&P 500 Info Tech (up about 22%)
  2. Satrix MCSI world (up about 47%)
  3. Satrix Nasdaq 100 (up 64%)
  4. Satrix S&P 500 (up 64%)
  5. Sygnia S&P 500 (up 38%)
  6. Sygnia 4th Industrial Revolution (down 4%)
Don't ask my why I chose different providers for S&P 500 !! Don't know which is the most cost effective one.

Any tips on what TFSA friendly ETFs to look at ?

FWIW, in non-TFSA, invested some of their birthday money, 2 years ago into EC10, which was down 60% for nearly all the time since investing it. Bitcoin crashed in the week that the purchase was made. Today for the first time, I see it is green - up 13%. That bitcoin rally is helping!
Click to expand...

Pick one of the s&p etf's and only invest in that one going further. You can look at adding other etf's like these instead to broaden the exposure:

Sygnia Itrix MSCI Japan Index ETF
Satrix MSCI China ETF
Sygnia Itrix 4th Industrial Revolution Global Equity ETF
 
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