FNB Share Saver

Any experts on FNB Share Saver?

I just recently moved to FNB and this caught my eye,

The website explains nicely on how it works and stuff,
But some questions are not there as a noob.
How long is the investment term?
Do I have to continually invest R300 per month and for how long?
When does the dividend pay out?
Do you have an option to not invest R300 this month and decide to continue the following month?
 
Keegan said:
Any experts on FNB Share Saver?

I just recently moved to FNB and this caught my eye,

The website explains nicely on how it works and stuff,
But some questions are not there as a noob.
How long is the investment term?
Do I have to continually invest R300 per month and for how long?
When does the dividend pay out?
Do you have an option to not invest R300 this month and decide to continue the following month?
Click to expand...

The term is as long as you want to keep the shares.
Dividends are paid out as the underlying instruments pay out their dividends.
I don't know about suspending the debit order - I'm sure it must be possible.
 
Sinbad said:
The term is as long as you want to keep the shares.
Dividends are paid out as the underlying instruments pay out their dividends.
I don't know about suspending the debit order - I'm sure it must be possible.
Click to expand...

Thanks,
So payouts can be 1month, 3months, 1 year.. all depends on stock holder?
Share saver is basically a long term investment then?
 
So where is the buy button on share builder. It says you can buy online but I can't find the buy button.

Help please.
 
buyeye said:
So where is the buy button on share builder. It says you can buy online but I can't find the buy button.



Help please.
Click to expand...


Maybe the button says"Trade". Cant remember. Make sure you puck first trading day of the month unless you are working with a large sum of money and are in a hurry.
 
Hamster said:
Maybe the button says"Trade". Cant remember. Make sure you puck first trading day of the month unless you are working with a large sum of money and are in a hurry.
Click to expand...

Not in a hurry and not a lot of money either. I just wanted to try it out. I was hoping those who have done it know how it's done.
 
buyeye said:
Not in a hurry and not a lot of money either. I just wanted to try it out. I was hoping those who have done it know how it's done.
Click to expand...


Well I checked on the mobile app and it says Trade, not Buy.
 
shakes1 said:
Has anyone tried this out? Is it worthwhile?
Click to expand...


Yes. A lot of us. There is a whole thread about it started about a year and a half ago. There is also articles on MoneyWeb and the like. Not to mention the "Proof is in the pudding" thread.
 
Hamster said:
Yes. A lot of us. There is a whole thread about it started about a year and a half ago. There is also articles on MoneyWeb and the like. Not to mention the "Proof is in the pudding" thread.
Click to expand...

So I log on to online banking and then select the share builder account then click trade?
 
buyeye said:
So I log on to online banking and then select the share builder account then click trade?
Click to expand...
No, share builder is something else.

FNB he got three products:

* Share Saver - your money buys you equal amount of shares in the top 40 and midcap (basically your money is speed over the top 100 companies on the JSE with a significantly larger portion going into the top 40)

* Share Builder - they select shares they think will perform nd you can buy them

* Share Investor (I think) - this is a full on trading system.

If you work with small amounts (sub R10k per trade...I'm totally thumbsucking this number) or don't know what you are doing - go with Share saver and always buy on the first trading day/debit order. If you buy on my other day they charge you R60 minimum instead of 0.1%.

The investment platform is gonna cost you a lot. Something like R60 minimum per trade.

Share Builder makes no sense to me really unless there is so fetching special about the costs. You can just as well check their recommendations and use a platform like EasyEquities. But I could be mistaken as I've never fully investigated it.

Anyway, by the sound of things Share SAVER is then one you want.
 
Hamster said:
No, share builder is something else.

FNB he got three products:

* Share Saver - your money buys you equal amount of shares in the top 40 and midcap (basically your money is speed over the top 100 companies on the JSE with a significantly larger portion going into the top 40)

* Share Builder - they select shares they think will perform nd you can buy them

* Share Investor (I think) - this is a full on trading system.

If you work with small amounts (sub R10k per trade...I'm totally thumbsucking this number) or don't know what you are doing - go with Share saver and always buy on the first trading day/debit order. If you buy on my other day they charge you R60 minimum instead of 0.1%.

The investment platform is gonna cost you a lot. Something like R60 minimum per trade.

Share Builder makes no sense to me really unless there is so fetching special about the costs. You can just as well check their recommendations and use a platform like EasyEquities. But I could be mistaken as I've never fully investigated it.

Anyway, by the sound of things Share SAVER is then one you want.
Click to expand...

I went with the fixed monthly fee of R19 which I should make back in ebucks easily as having this account will help with my reward level.
 
buyeye said:
I went with the fixed monthly fee of R19 which I should make back in ebucks easily as having this account will help with my reward level.
Click to expand...
I wish people would do their homework before just jumping into something, especially when that something involves "earning more eBucks". eBucks is nice extra you earn on the side but don't fall for the FNB sales talk. eBucks is all about loans, interest and credit. Allow me to demonstrate:

Assume you are buying 10 shares at R50 each. That should cost you R500 right? No.

Share Builder: R557 + R19 monthly
Share Investor: R604.90 + whatever the monthly cost
Share Saver on 1st trading day: R500.50 + a something like R4 for monthly account fees.

So on the Share Builder you invested R500. It has to grow by almost 12% before you break even and that is excluding the monthly cost your eBucks covers (which you will most likely spend on stuff you never needed). Money lost. That is why I said you need much larger amounts to make these broker systems worth your while.

That exact same R500 trade on EasyEquities would've cost you about R515.

...and that is why we say go with the Share Saver to start with.
 

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Hamster said:
I wish people would do their homework before just jumping into something, especially when that something involves "earning more eBucks". eBucks is nice extra you earn on the side but don't fall for the FNB sales talk.
Click to expand...

This ^^^ . If you have to go out of your way to earn a few extra eBucks , you are probably losing more than you are gaining
 
imranpanji said:
This ^^^ . If you have to go out of your way to earn a few extra eBucks , you are probably losing more than you are gaining
Click to expand...
Yeah, they caught me once buy having a fixed deposit as a booster product only to drop its benefits six months later. Luckily though I am beating inflation...just. not sure how beneficial it's going to be in three years time :/
 
Hamster said:
I wish people would do their homework before just jumping into something, especially when that something involves "earning more eBucks". eBucks is nice extra you earn on the side but don't fall for the FNB sales talk. eBucks is all about loans, interest and credit. Allow me to demonstrate:

Assume you are buying 10 shares at R50 each. That should cost you R500 right? No.

Share Builder: R557 + R19 monthly
Share Investor: R604.90 + whatever the monthly cost
Share Saver on 1st trading day: R500.50 + a something like R4 for monthly account fees.

So on the Share Builder you invested R500. It has to grow by almost 12% before you break even and that is excluding the monthly cost your eBucks covers (which you will most likely spend on stuff you never needed). Money lost. That is why I said you need much larger amounts to make these broker systems worth your while.

That exact same R500 trade on EasyEquities would've cost you about R515.

...and that is why we say go with the Share Saver to start with.
Click to expand...

Thanks you are 100% right. I just wanted to try it out. I already have an RA I just wanted to buy shares. The share saver works more like a unit trust which is probably the best option.

Thanks for the replies.
 
Hamster said:
I wish people would do their homework before just jumping into something, especially when that something involves "earning more eBucks". eBucks is nice extra you earn on the side but don't fall for the FNB sales talk. eBucks is all about loans, interest and credit. Allow me to demonstrate:

Assume you are buying 10 shares at R50 each. That should cost you R500 right? No.

Share Builder: R557 + R19 monthly
Share Investor: R604.90 + whatever the monthly cost
Share Saver on 1st trading day: R500.50 + a something like R4 for monthly account fees.

So on the Share Builder you invested R500. It has to grow by almost 12% before you break even and that is excluding the monthly cost your eBucks covers (which you will most likely spend on stuff you never needed). Money lost. That is why I said you need much larger amounts to make these broker systems worth your while.

That exact same R500 trade on EasyEquities would've cost you about R515.

...and that is why we say go with the Share Saver to start with.
Click to expand...

Spot on Hamster ! great move ! If you compare all the other products ... FEES are eating you up !
 
I bit the bullet, and signed up.
R500 with 20% yearly increase.
 
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