Easy Equities good or bad?

Read the email they distributed this evening. Its actually in poor taste! Dont blame others, while your platform is down.
 
"lets utilise an american platform for trading and then just charge SA folk 20x the price"

but sir that's not ethical and we're ripping everyone off, madness!

"you're right, let's make it 10x the price and then penalise them every month if they don't deposit money into their account"

ok that's fine
 
Wrath of Khan MD said:
"lets utilise an american platform for trading and then just charge SA folk 20x the price"

but sir that's not ethical and we're ripping everyone off, madness!

"you're right, let's make it 10x the price and then penalise them every month if they don't deposit money into their account"

ok that's fine
Click to expand...
Sanlam and Sygnia are introducing fees for low value clients starting this month.
 
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Scooby_Doo said:
Sanlam and Sygnia are introducing fees for low value clients starting this month.
Click to expand...
I have a 0.33% fee across the board with all my Living Annuities at 10X with the 10X MSCI World Index Feeder Fund.
Don't think that is too bad.
 
Scooby_Doo said:
Sanlam and Sygnia are introducing fees for low value clients starting this month.
Click to expand...

is this supposed to make everything A OK because hey as in the ANC, if one person is corrupt that's a problem, but if everyone is corrupt then that's ok.
 
Wrath of Khan MD said:
is this supposed to make everything A OK because hey as in the ANC, if one person is corrupt that's a problem, but if everyone is corrupt then that's ok.
Click to expand...

Its whatever you want it to mean. :)

But if you are asking what I mean, then I was adding to the list of companies who think charging "poorer" clients a fee is a good idea.
 
Scooby_Doo said:
Sanlam and Sygnia are introducing fees for low value clients starting this month.
Click to expand...

Curious to see how the market reacts the Sygnia - its not just low value clients affected. At least they had the decency to communicate.

I finally get to close my EasyEquities account this week. Been stuck with Labat shares which I've finally been able to dump.
 
deathduedecay said:
No Sygnia will only implement it in April and they did sent me an email as well. Still waiting for the easy equities one.
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Are sygnia charging a platform fee? I saw they're adding a cost to their in house ETFs. Missed the bit about a platform fee.
 
www.moneyweb.co.za

After 11 years, Sygnia to introduce admin fees on its funds

Will result in total fees on many core funds close to doubling …
www.moneyweb.co.za www.moneyweb.co.za

The new fees are based on a sliding scale, depending on the size of an investor’s portfolio. For those with assets under administration of under R2 million – which will likely be the vast majority of Sygnia’s retail client base – the administration fee will be 0.35% per annum.
 
Bundu said:
www.moneyweb.co.za

After 11 years, Sygnia to introduce admin fees on its funds

Will result in total fees on many core funds close to doubling …
www.moneyweb.co.za www.moneyweb.co.za

The new fees are based on a sliding scale, depending on the size of an investor’s portfolio. For those with assets under administration of under R2 million – which will likely be the vast majority of Sygnia’s retail client base – the administration fee will be 0.35% per annum.
Click to expand...


So on the funds not the platform? disappointing.
 
There are rumors doing the rounds on international forums that platforms like IB, eToro and more are also considering new fees. Things may become difficult for smaller investors in future. Perhaps just buying Gold, Silver and other collectibles and keep it stashed away for 60+ years may be a better option than facing millions in fees, taxes and more on normal investments.
 
The Worker said:
There are rumors doing the rounds on international forums that platforms like IB, eToro and more are also considering new fees. Things may become difficult for smaller investors in future. Perhaps just buying Gold, Silver and other collectibles and keep it stashed away for 60+ years may be a better option than facing millions in fees, taxes and more on normal investments.
Click to expand...
Some of us don't have 60+ years left :(
 
Speedster said:
Some of us don't have 60+ years left :(
Click to expand...

True, times are challenging for us at this age. Just unfortunate we are caught up in this and there is no way out. But, at least we should help the younger generation to make better decisions. Times have changed and what worked in the past will not always work in the future.
 
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