FNB Share Saver

Flojo said:
I bit the bullet, and signed up.
R500 with 20% yearly increase.
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I did the same, but with R1k and 25%.
Based on this thread.

First debit was 31 Dec 2014. Increased to R1,250 end Jan. So total R6k debited so far and balance is R6,703.

I have to admit, I don't quite know how to read the statement. This share thing is a bit foreign to me, but as long as the balance continues to go up, I am content.
Now that I am feeling comfortable, I am thinking of bumping it up a few K PM. But also not sure I should rather go Easy Equities based on what I have read.
Just not much time on my hands to learn all these things now.

EDIT: Along with the balance, it shows R237 available. Why? I would have thought nothing would be available. Just reinvest everything automatically?
Can someone shed some light on this for me please?
 
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Rounded off to full price of each share. Just transfer balances now and then into your smart account.
 
Related to shares guys ... when is dividends paid out ?

I started the share saver account, putting a few "K" in monthly.

See it is a great way to save ... (with minimum fees involved)
 
Depends on the share, usually after the specific company's year end and half-year end.
 
Mike Smit said:
EDIT: Along with the balance, it shows R237 available. Why? I would have thought nothing would be available. Just reinvest everything automatically?
Can someone shed some light on this for me please?
Click to expand...

If I'm not mistaken that us the amount left in the Share Saver account not used to buy shares with - left over amounts that accumulated over the last couple of months. (eg. You have a debit or of R1000pm, only R950 is used to buy full shares so R50 is left. Next month the same happens and now you have R100 left).

Transfer the money out or schedule it as a trade.
 
Mike Smit said:
I did the same, but with R1k and 25%.
Based on this thread.

First debit was 31 Dec 2014. Increased to R1,250 end Jan. So total R6k debited so far and balance is R6,703.

I have to admit, I don't quite know how to read the statement. This share thing is a bit foreign to me, but as long as the balance continues to go up, I am content.
Now that I am feeling comfortable, I am thinking of bumping it up a few K PM. But also not sure I should rather go Easy Equities based on what I have read.
Just not much time on my hands to learn all these things now.

EDIT: Along with the balance, it shows R237 available. Why? I would have thought nothing would be available. Just reinvest everything automatically?
Can someone shed some light on this for me please?
Click to expand...

That is doing considerably better than my coronation top 20 accounts...they have been bloody awful recently
 
Guys, does anyone know how long FNB takes to process the share saver application if you are already a FNB customer?
 
ph4t3 said:
Guys, does anyone know how long FNB takes to process the share saver application if you are already a FNB customer?
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Was almost immediate for me IIRC. Was an existing client though.
 
ph4t3 said:
Guys, does anyone know how long FNB takes to process the share saver application if you are already a FNB customer?
Click to expand...

I also applied today. Had to do some paperwork though as the online application doesn't allow for once off lump sum deposits. The guy on the phone said that they will then create the account for me on their side and put a block on the monthly requirements.

Guys. Once I have bought my shares, do I constantly have watch it, or is this something I can leave be and just pump some money into it as I have funds available ? (I'm very new when it comes to this.) I've had my savings sitting in my cheque account for the last 6 months, not aware that I'm not getting any interest on it (yeah, I know that was stupid). So moved most of it into the savings pocket I opened yesterday, just to at least start getting something in the interim.
 
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Guys, please direct me here.
I checked on my share saver just now. I have R500 available to withdraw now. I don't want to. I want it automatically reinvested again. Seems like such a pain to do. Can't find any info on how to do this.

I had a look at easy equities and find it to be a bit of a mission. No way to auto debit me each month. I have to transfer cash over it seems. FNB Share Saver seems so much simpler. Like it that they just take cash out my account and invest it. Just forget about it and let it run.
 
e4et said:
I also applied today. Had to do some paperwork though as the online application doesn't allow for once off lump sum deposits. The guy on the phone said that they will then create the account for me on their side and put a block on the monthly requirements.

Guys. Once I have bought my shares, do I constantly have watch it, or is this something I can leave be and just pump some money into it as I have funds available ? (I'm very new when it comes to this.) I've had my savings sitting in my cheque account for the last 6 months, not aware that I'm not getting any interest on it (yeah, I know that was stupid). So moved most of it into the savings pocket I opened yesterday, just to at least start getting something in the interim.
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You leave it be. Schedule a different bit order (and lump sums) to go off every first trading day of the month and LEAVE IT BE! Ya hear me?!

No seriously, watching your investment's performance every day is going to drive you insane. Make peace with the fact that it is long term. There will be times where you lose 5% in one day and timed you gain 5% in one day. In the long term - you gain.

Also take note of that "first trading day" option. You buy on any other day and it becomes too expensive.

...unless you want to do day trading in which case this is the wrong type of account for you.
 
Hamster said:
You leave it be. Schedule a different bit order (and lump sums) to go off every first trading day of the month and LEAVE IT BE! Ya hear me?!

No seriously, watching your investment's performance every day is going to drive you insane. Make peace with the fact that it is long term. There will be times where you lose 5% in one day and timed you gain 5% in one day. In the long term - you gain.

Also take note of that "first trading day" option. You buy on any other day and it becomes too expensive.

...unless you want to do day trading in which case this is the wrong type of account for you.
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Hi Hamster.
Thanks for your feedback.
Would you recommend I rather use the Tax free share saver option, than the vanilla share saver ? As they seem to basically be the same thing. I'm trying to get my head around as much of this as soon as possible.

Thanks in advance.
 
e4et said:
Hi Hamster.
Thanks for your feedback.
Would you recommend I rather use the Tax free share saver option, than the vanilla share saver ? As they seem to basically be the same thing. I'm trying to get my head around as much of this as soon as possible.

Thanks in advance.
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Depends on when you are going to need the money. If it is very long term I'd say go with the TFSA option. You can always transfer it to another provider next year.

Personally I'd rather go (did) go to Easy Equities for my TFSA and invest in STXIND, DBXWD which potentially gives you much higher gain in the long run.

I use ShareSaver because it was there before the TFSA and....very low cost
 
Hamster said:
Depends on when you are going to need the money. If it is very long term I'd say go with the TFSA option. You can always transfer it to another provider next year.

Personally I'd rather go (did) go to Easy Equities for my TFSA and invest in STXIND, DBXWD which potentially gives you much higher gain in the long run.

I use ShareSaver because it was there before the TFSA and....very low cost
Click to expand...

Thank you for your feedback Hamster.
I'll have a look at Easy Equities for my TFSA and use the Share Saver on the side.
 
Hamster said:
Depends on when you are going to need the money. If it is very long term I'd say go with the TFSA option. You can always transfer it to another provider next year.

Personally I'd rather go (did) go to Easy Equities for my TFSA and invest in STXIND, DBXWD which potentially gives you much higher gain in the long run.

I use ShareSaver because it was there before the TFSA and....very low cost
Click to expand...


Do you know how (if possible) to change Share Saver to a "non TFSA" account? I started an FNB Tax Free share saver but now understand the potential benefit of putting that money in a potentially higher long term gain putting it elsewhere.

Thanks
 
mattyoaks said:
Do you know how (if possible) to change Share Saver to a "non TFSA" account? I started an FNB Tax Free share saver but now understand the potential benefit of putting that money in a potentially higher long term gain putting it elsewhere.

Thanks
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You'll have to wait till next financial year end (end Feb) and then transfer your TFSA to another provider...if Treasury keeps their word.

I stand to be corrected but I think you can open a TFSA with another provider do long and use the balance remaining of the R30k in it. I wouldn't bother though. Stick it out till you can transfer.
 
Hey Guys, I have been using share saver for a year now. I have a debit order buying shares every month, but to be honest I am a total noob when it come to this, so I have money and shares accumulating.

Am I correct in saying they pay out dividends every year? if so when and how much?

I honestly think FNB should put up a sort of a guide for dummies..
 
JanesOosthuizen said:
Am I correct in saying they pay out dividends every year? if so when and how much?
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It depends on the company and how the year went for them. Most companies pay dividends once or twice a year, usually after their financial year end (and half-year end). Although if the company didn't make a profit they usually won't declare a dividend. As to how much, again its very dependent on the company and how much profit they made during the year.
 
Hamster said:
You'll have to wait till next financial year end (end Feb) and then transfer your TFSA to another provider...if Treasury keeps their word.

I stand to be corrected but I think you can open a TFSA with another provider do long and use the balance remaining of the R30k in it. I wouldn't bother though. Stick it out till you can transfer.
Click to expand...

Ok thanks, that makes sense. I guess that might be an issue regarding timing and transfers. Probably just leave it.

Thanks
 
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