FNB Share Investor - anyone use this?

[NoviceDIYer]

Hi

I'm an existing FNB customer and I'm considering using FNB Share Investor to buy and hold ETFs registered on the JSE. I want to choose my own. I'm particularly thinking of an MSCI etf (maybe world 80% and emerging markets 20%), and I want to keep it simple.

I don't plan to have a lot of activity - just save up lumpsums to make the purchase fees feasible, and then buy more of the ETF, and repeat. I know there are buy and sell costs, plus a monthly fee, but I don't think it looks too bad. The monthly fee is R65 and is not a percentage of assets, which I can live with. I do not want to pay monthly fees that are based on total assets held.

I like the idea of having everything organised together in one place. Anyone had any experience with this investment platform? Good experience? Bad experience?

 

[backstreetboy]

Easy equities 50/50 ASHGEQ and MAPPSG. Why pay monthly fees?

 

[NoviceDIYer]

Easy equities 50/50 ASHGEQ and MAPPSG. Why pay monthly fees?

I know about easy equities but I want a smooth, simple and professional experience.

I had a look at EE website and found the style of marketing and navigation just annoying. It may be worth it but then I read a couple of reviews where people had some issues on the platform and/or pricing and I decided that I am good with FNB as long as the user experience is good. It may be okay for a TFSA but not sure I want to put large sums away on that platform.

Do you think I’m wrong?

 

[supersunbird]

I know about easy equities but I want a smooth, simple and professional experience.

I had a look at EE website and found the style of marketing and navigation just annoying. It may be worth it but then I read a couple of reviews where people had some issues on the platform and/or pricing and I decided that I am good with FNB as long as the user experience is good. It may be okay for a TFSA but not sure I want to put large sums away on that platform.

Do you think I’m wrong?

Maybe ABSA then. That FNB one seems expensive.

 

[backstreetboy]

I know about easy equities but I want a smooth, simple and professional experience.

I had a look at EE website and found the style of marketing and navigation just annoying. It may be worth it but then I read a couple of reviews where people had some issues on the platform and/or pricing and I decided that I am good with FNB as long as the user experience is good. It may be okay for a TFSA but not sure I want to put large sums away on that platform.

Do you think I’m wrong?

Well FNB also has problems https://mybroadband.co.za/vb/showthread.php/903043-FNB-TFSA-(share-saver).

 

[NoviceDIYer]

Maybe ABSA then. That FNB one seems expensive.

Something to be said for having my finances all in one place though..

 

[NoviceDIYer]

Well FNB also has problems https://mybroadband.co.za/vb/showthread.php/903043-FNB-TFSA-(share-saver).

Yes, maybe. That’s what I want to find out. The product above is different to the share investor one, by the way.

 

[supersunbird]

Something to be said for having my finances all in one place though..

I'm not one of those. Let me quote myself from somewhere else:

I'm not one of those that think one only has to be with one bank.

Home loan, when I had one, was with SA Home Loans.

Car finance, when I had, was with ABSA.

Bank account salary gets paid into is Capitec (and I do some payments on it via ETFs and the debit orders go from it and for my cash withdrawals).

I have a FNB Cheque Account and Credit Card only for ebucks purposes (I do an instant pay from Capitec to them). I'd close those accounts if not for eBucks being worth it and just have a cheap FNB Easy Account.

Also have VirginMoney and Nedbank Credit Cards, little used.

I also have retirement savings with Coronation, Allan Gray and 10X and Unit Trusts with Satrix.

 

[NoviceDIYer]

I'm not one of those. Let me quote myself from somewhere else:



I also have retirement savings with Coronation, Allan Gray and 10X and Unit Trusts with Satrix.

I see. I’m sort of tightly bound to FNB at the moment. Home loan and car finance (Wesbank) too, and it’s kind of nice to have it all visible together and it’s working for me. I have RA with AG and was thinking of opening TFSA somewhere else (maybe EE). I’m not an ABSA fan so won’t use them.

I’m open to different opinions too. I guess I need to decide how much it is worth to me to have the ease of use and simplicity.

 

[HavocXphere]

0.86% custody fee? Yeah no thanks

 

[NoviceDIYer]

0.86% custody fee? Yeah no thanks

That is for Kruger rands, which I won’t be doing

 

[PhreakBoy]

Well FNB also has problems https://mybroadband.co.za/vb/showthread.php/903043-FNB-TFSA-(share-saver).

Share Saver is NOT the same as Share Investor.

Hi

I'm an existing FNB customer and I'm considering using FNB Share Investor to buy and hold ETFs registered on the JSE. I want to choose my own. I'm particularly thinking of an MSCI etf (maybe world 80% and emerging markets 20%), and I want to keep it simple.

I don't plan to have a lot of activity - just save up lumpsums to make the purchase fees feasible, and then buy more of the ETF, and repeat. I know there are buy and sell costs, plus a monthly fee, but I don't think it looks too bad. The monthly fee is R65 and is not a percentage of assets, which I can live with. I do not want to pay monthly fees that are based on total assets held.

I like the idea of having everything organised together in one place. Anyone had any experience with this investment platform? Good experience? Bad experience?

I use the Share Investor and have been very pleased with the platform. Have been using it for more than 3 years.

Had a few occasions with options and the trading room contacts you via email to alert you with the option to phone if you have queries.

The only issue I've run into was that once an order is placed, you can't cancel it and need to wait for it to expire at the end of the day before you can do a new order the next day. Which is annoying as your funds are tied up if you're buying, or you're unable to submit a new price if you're selling. This will likely not be an issue with ETF's though.

(I'm gradually changing my portfolio to all ETF's too)

The platform has a section for your share holdings with a simplistic view of growth, it has a cash transaction history, holdings transaction history and an order history. These 4 sections provide all the information you need to track your investment.

The other consideration is that having a share account contributes to your eBucks level too. So if you're not already at level 5 - it may help you to increase your level.

 

[supersunbird]

Share Saver is NOT the same as Share Investor.

So they are only incompetent in the one area? Good to hear.

 

[Jet-Fighter7700]

share saver is okay, cant say I ever tried buying anything else with it, FNB fees can be expensive,

what about investing through RMB? that's also FNB I believe?

 

[hawker]

I wouldn't pay that monthly fee tbh.

 

[PhreakBoy]

So they are only incompetent in the one area? Good to hear.

Why do I feel like you're trolling?

 

[NoviceDIYer]

Share Saver is NOT the same as Share Investor.



I use the Share Investor and have been very pleased with the platform. Have been using it for more than 3 years.

Had a few occasions with options and the trading room contacts you via email to alert you with the option to phone if you have queries.

The only issue I've run into was that once an order is placed, you can't cancel it and need to wait for it to expire at the end of the day before you can do a new order the next day. Which is annoying as your funds are tied up if you're buying, or you're unable to submit a new price if you're selling. This will likely not be an issue with ETF's though.

(I'm gradually changing my portfolio to all ETF's too)

The platform has a section for your share holdings with a simplistic view of growth, it has a cash transaction history, holdings transaction history and an order history. These 4 sections provide all the information you need to track your investment.

The other consideration is that having a share account contributes to your eBucks level too. So if you're not already at level 5 - it may help you to increase your level.

Thank you - this is helpful

 

[HavocXphere]

I wouldn't pay that monthly fee tbh.

It's all relative. Spent 3-4k in broker fees this year.

Had a few occasions with options and the trading room contacts you via email to alert you with the option to phone if you have queries.

The only issue I've run into was that once an order is placed, you can't cancel it and need to wait for it to expire at the end of the day before you can do a new order the next day. Which is annoying as your funds are tied up if you're buying, or you're unable to submit a new price if you're selling. This will likely not be an issue with ETF's though.

You're trading options under those kind of conditions? Jesus...

 

[zerocool2009]

Today I contacted the Share Saver (FNB Investment desk).

To get a quote roughly to close my account (sell shares).

The FEES was crazy in my eyes ! Where can I find out what they charge for selling ?

 

[Hamster]

So I was browsing around looking at what to do with a largish sum of money that doesn't involve easy equities. My other findings and frustrations aside, I see that FNB Share Saver now offers you the ability to invest in ASHGEQ, which potentially changes everything for non TFSA savings that is still in ZAR.

Potentially cheap trading costs + more eBucks + not EasyEquities (all your eggs in one basket type of thinking).