Easy Equities good or bad?

Today I had to educate EasyEquities, which Unit Trusts they have, which are movable from my existing TFSA portfolio, to theirs ....

Grrrr, such little things make my blood boil !
 
So the market is on a run at the moment, and i think i want to sell some Top40 shares and buy some other ETFs.

Noob question will i pay capital gains tax, if i dont withdraw the cash and simply buy other shares?
 
Ecco said:
So the market is on a run at the moment, and i think i want to sell some Top40 shares and buy some other ETFs.

Noob question will i pay capital gains tax, if i dont withdraw the cash and simply buy other shares?
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Yes
 
In the bright side, you can use some/all of the R40,000 annual exclusion. From what I hear, In a way, it’s actually useful to sell some every 3 years or so to take advantage of the exclusion, but the period is long enough that SARS does not see it as trading. I’m not financial expert, just what I heard
 
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Belix said:
In the bright side, you can use some/all of the R40,000k annual exclusion. From what I hear, In a way, it’s actually useful to sell some every 3 years or so to take advantage of the exclusion, but the period is long enough that SARS does not see it as trading. I’m not financial expert, just what I heard
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I use the full R40k every year
 
new to investments, I want to invest R2000 every month in the stock market or eft or unit trusts. Whats the best way to do this ?
I am with standard bank and there is an option to open a Autoshare invest or Tax free investment, should I use that. What are my best options for long term investments
 
joker08 said:
new to investments, I want to invest R2000 every month in the stock market or eft or unit trusts. Whats the best way to do this ?
I am with standard bank and there is an option to open a Autoshare invest or Tax free investment, should I use that. What are my best options for long term investments
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Whatever you do, please dont use a bank, please
 
joker08 said:
new to investments, I want to invest R2000 every month in the stock market or eft or unit trusts. Whats the best way to do this ?
I am with standard bank and there is an option to open a Autoshare invest or Tax free investment, should I use that. What are my best options for long term investments
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have you got a TFSA at the moment?
If not, I would open one and dump R2k into it every month (max R36k per year)
 
jones123 said:
can you recommend one please
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Open one with EasyEquities, invest the deposited funds into an ETF like the snp500. Repeat until you need to draw down, hopefully when you are 70 years old.

https://bit.ly/37YOfVf - here is a referal link - you get a "free" R50 once you have created the account and FICA'ed it. You can use that R50 to play and figure it out.
 
jones123 said:
can you recommend one please
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I'm with ABSA stockbrokers and they charge a monthly fee if you don't deposit your full amount at the beginning of the tax year, so I would not recommend them in your case
 
joker08 said:
new to investments, I want to invest R2000 every month in the stock market or eft or unit trusts. Whats the best way to do this ?
I am with standard bank and there is an option to open a Autoshare invest or Tax free investment, should I use that. What are my best options for long term investments
Click to expand...

This is not financial advice. Don't listen to me, I barely graduated from university:

In general, you want to buy a "big and broad" ETF with low fees. What is big and broad enough depends on you.

S&P 500 (only has big US companies, but these ETFs often have the lowest fees)
MSCI World (big companies in developed markets like US, Europe, Japan & Australia)
S&P Global 1200 (big companies in developed markets and emerging markets like China & Brazil, but no SA stocks)
MSCI ACWI (big companies in developed and emerging markets, including SA)
FTSE Global (big and small companies in developed and emerging markets, including SA)

Since you're starting out, note that there is a difference between the index itself and the ETF. Think of the index as the GPU and the ETF as the graphics card. STXWDM is an ETF by Satrix, which tracks MSCI World. FNBEQF is an ETF by FNB, which tracks the S&P Global 1200.
 
joker08 said:
new to investments, I want to invest R2000 every month in the stock market or eft or unit trusts. Whats the best way to do this ?
I am with standard bank and there is an option to open a Autoshare invest or Tax free investment, should I use that. What are my best options for long term investments
Click to expand...
If you do not know what stocks to buy ETF is your best bet. Pick an option where you don't pay a monthly fee for ETF only as this can quickly eat into your profit. If you use a TFA the option to pay for trading fees separately is also a plus as this can also increase your mileage.
 
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