FNB Share Investor - anyone use this?

[zerocool2009]

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).

If I show you my Share saver for the last 5 years (TFSA and non TFSA) ... you will cry

You can buy the same via EE if you want to buy AshGeq (with no monthly fee)

What is a large sum of money in your eyes ?

 

[Adenoid Hynkel]

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 ?

What percentage did it come to back in April? Also want to close my account and invest elsewhere. Fees seem exorbitant.

 

[zerocool2009]

I totally understand now how the shave saver works (and my 2c, much better options out there).

Every 3 months dividends are paid out. Looking at when payouts occur, they schedule it for the last few days of the 3 months (meaning, they temp you to hold onto it.

But wait ... got a quote to sell my shares (TFSA and non TFSA) .... I am looking at R2500 in fees for the both

I am doing that now with a smile, as I had enough of this product

 

[Hamster]

You can buy the same via EE if you want to buy AshGeq (with no monthly fee)

Are you referring to Share Saver or Share Builder?

 

[zerocool2009]

Are you referring to Share Saver or Share Builder?

You can buy any ASH shares via EE (and there is no monthly cost). That is the downside from FNB (they charge a monthly fee)

 

[SauRoNZA]

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).

How would you get more ebucks?

 

[Hamster]

How would you get more ebucks?

Not more eBucks, sorry, meant more points/higher level. eBucks's rules change every year, but it comes down to having investment account with them. It's not a primary concern at all.

Forget I mentioned eBucks because I don't really chase it. Engen garages are too far away

 

[Hamster]

You can buy any ASH shares via EE (and there is no monthly cost). That is the downside from FNB (they charge a monthly fee)

I have an EE account. ASHGEQ amongst others in the classic account, STX and and Stanlib ETFs in my TFSA. I don't need convincing that EE is cheaper. Done the calculations, found CoreShare's to be cheaper on larger transaction amounts and used ABSA ETF Only as well. EE is (or amongst) the cheapest, no denying it, but the real concern here is that I'm not sure I want large amounts of money on their platform given their track record of cocking things up - I'm bracing for the PTXTEN/PTXSPY corporate action end of this month.

If I can invest the same thing on FNB for potentially the same costs (need to investigate this, not sure how it changed over the years) then why not?

 

[SauRoNZA]

Not more eBucks, sorry, meant more points/higher level. eBucks's rules change every year, but it comes down to having investment account with them. It's not a primary concern at all.

Forget I mentioned eBucks because I don't really chase it. Engen garages are too far away

Aah right I forget that other people use those to Max their levels.

It always seems like a bad and needlessly expensive product to me.

 

[mr_norris]

If I can invest the same thing on FNB for potentially the same costs (need to investigate this, not sure how it changed over the years) then why not?

In that very same post you said EE was cheaper. It's not and I'll show you:

If you want to buy 100 ashgeq shares from share builder, you are looking at R4902 including costs. That's R115 in fees. Don't forget that monthly R42 account fee either. I got this from here: https://www.fnb.co.za/calculators/shares/ShareBuilder.html#

If you are looking to spend that same amount on those shares with EE, fees come to R4.23 if you're on the thrive program. Add on R12.24 if you're not.

Yes, EE have had their Wobblies, but so have FNB. I trust FNB enough to hold my salary, and nothing more. I am a huge ebucks fan but that's not enough for me to invest or save with them. EE seem to have improved their support side of things, and if you've ever dealt with FNB on the phone you'll start to question your decision to move money to them.

 

[Hamster]

Share Saver...not Builder...

And you guys are all missing the part about having all your eggs in one basket. I bloody ****ing have ASHGEQ in EE, why are we event talking about EE in this thread? oh ffs

/leaves

 

[mr_norris]

Share Saver...not Builder...

And you guys are all missing the part about having all your eggs in one basket. I bloody ****ing have ASHGEQ in EE, why are we event talking about EE in this thread? oh ffs

/leaves

Minimum R20 a month fee. And if you read my post you'll see that I didn't miss your point about all your eggs with one basket.

You posted a bad idea on a public forum and you don't like being told that. It's not our fault.

That aside, share builder is pretty much just the Top40. Open an account with Satrix now and go for the Satrix Top40 or something. You'll get the same for less (if comparing to FNB).

 

[Hamster]

EDIT: why do I even bother trying to explain myself to you. I'm sure if somebody reads this thread they'll be able to make up their own minds.

This thread is useless. The Share Saver product which this thread is about is a bad idea according to the experts.

 

[zerocool2009]

EDIT: why do I even bother trying to explain myself to you. I'm sure if somebody reads this thread they'll be able to make up their own minds.

This thread is useless. The Share Saver product which this thread is about is a bad idea according to the experts.

I do understand what you want (oversea exposure).

I am closing my ShareSaver (TFSA), or rather move it .... and Close my normal share saver

I would query the sell fees (Closing both my accounts would cost R2500 in only fees).

Pm me if you want oversea exposure (my one investment hit 25% year on year abroad)

 

[zerocool2009]

Anyone having issues on FNB's side with the auto buy on the 1st trading day of the month ?

 

[ShareMosselBay]

Hi all, hope you are all well.

I am a newbie using fnb share builder. Minimum fund balance was R100, until I received this notice via SMS today:

FNB: Due to extreme and unforeseen market volatility as well as delayed pricing data the minimum account balance on your Share Builder and/or Share Investor products will be temporarily increased to R3,000. This will ensure that your trades are processed seamlessly and reduce the risk of your account being in arrears. This is a temporary measure and will be reassessed in line with market conditions. FNB a div of FRB Ltd FSP 3071

 

[ShareMosselBay]

I deposited about R7000 yesterday to buy top40 shares, now overnight fnb cut my funds in half! Can now only invest R4000 of the R7000.

Anyone using EasyEquities with success?

 

[zerocool2009]

Welcome to the losers club (lol), actually, no joke.

I lost in the last 3 days 29% of MID Cap and 25% in Ash Top 40. My balance now stands on R103K

I wonder why the JSE cant stop trading as the USA are doing, stop after 30 min if you have MASSIVE losses

 

[zerocool2009]

On the up side, the Australian markets is up by 6% for the say, so its a good sign things might recover somewhat today

 

[zerocool2009]

I can say I am glad that FNB can now move ETF's without selling too.

I moved all my ETF's to EE (no more monthly fees) !

Yay !