I currently have an RA with Allan Gray and considering moving to Easy Equities. But after the ICE3x scandal, I'm really weary where I leave my money

[SergioDomngos]

Basically the latest scandal/liquidation at ICE3x is a real concern. It really gets you thinking how much you can trust these websites. Now I know ICE3x and EE is very different in their platforms. One is was a low tech crypto exchange and one is a really lovely investment platform (I completely know the difference). But what's to say EE wont file for liquidation in 10 years time and poof, there goes your RA. Whereas AG has so much skin in the game and perhaps its viable to just leave my investment there and take a knock on the fees.

BTW. I do use EE and love them. But with an RA that I'd like to access in 30 years, I surely hope the company is around until then

What you guys think? Can you trust every SA website with your money for the long-term?

 

[SYNERGY]

Link to scandal?

 

[SergioDomngos]

Link to scandal?

Ice3x filed for liquidation, all their crypto holders lost their bitcoin and litecoin crypto:

ice3x liquidation - Google Search

www.google.com

 

[zerocool2009]

EE uses the same engine as Satrix.

I would compare costing, as the EE RA aint for free!

 

[SergioDomngos]

EE uses the same engine as Satrix.

I would compare costing, as the EE RA aint for free!

Thanks for the heads up.

I see EE and Satrix both share some of the same tax free ETF's, wonder if the fees vary...

 

[supersunbird]

Basically the latest scandal/liquidation at ICE3x is a real concern. It really gets you thinking how much you can trust these websites. Now I know ICE3x and EE is very different in their platforms. One is was a low tech crypto exchange and one is a really lovely investment platform (I completely know the difference). But what's to say EE wont file for liquidation in 10 years time and poof, there goes your RA. Whereas AG has so much skin in the game and perhaps its viable to just leave my investment there and take a knock on the fees.

BTW. I do use EE and love them. But with an RA that I'd like to access in 30 years, I surely hope the company is around until then

What you guys think? Can you trust every SA website with your money for the long-term?

Remember, the RA money is yours, even if the provider crumbles, it's in trust (the trust in unit trust).

If you want to stay with a managed provider you can also move to Coronation, then you won't pay the platform fee AG charges (if you get charged that by AG), I did that with my AG RA.

If you want to go with an index provider with lower fees, you can also look at Sygnia and 10X.

 

[zerocool2009]

Thanks for the heads up.

I see EE and Satrix both share some of the same tax free ETF's, wonder if the fees vary...

Here is some nice info...

I had eft’s via fnb, tfsa, fnb charged a fee. So I moved that to EE. Same funds, zero fees

Then I moved my Satrix ETF’s, again a hidden fee, with EE, same funds, zero fees!

But clearly on a RA.... its a bundle, there will be fees, I know!

Related to how stable EE are, they wont go down soon! Thats my view

 

[chrisc]

Consider Sygnia

 

[Pegasus]

EE is doing fine, Sanlam invested in them and also use their platform.

EasyEquities becoming profitable | Business

SA’s low-cost investing platform, EasyEquities - loss-making since it launched in October 2014 - is poised to break even in March, thanks to its shareholder, Sanlam, which is passing on clients to the startup.

www.news24.com

You could also make your AG RA paid up and start a new one at EE.

You can have multiple RA’s.

 

[supersunbird]

EE is doing fine, Sanlam invested in them and also use their platform.

EasyEquities becoming profitable | Business

SA’s low-cost investing platform, EasyEquities - loss-making since it launched in October 2014 - is poised to break even in March, thanks to its shareholder, Sanlam, which is passing on clients to the startup.

www.news24.com

You could also make your AG RA paid up and start a new one at EE.

You can have multiple RA’s.

The AG RA is not a life RA, so no need to make such a Unit Trust RA paid up, one just stops contributions and start them again one when one wants,

 

[SergioDomngos]

The AG RA is not a life RA, so no need to make such a Unit Trust RA paid up, one just stops contributions and start them again one when one wants,

I've been investing heavily in my AG RA. But this just means I've been investing into a local UT and let's face it, we dont have significant economic growth. So that got me thinking that I really should start maxxing my tax free allowance as it has international exposure.

I'd like to use EE as I use them a lot for US stocks. I will will probably invest into the TFSA MCSI or S&P500.

With the above thoughts, I figured I should just move my RA to EE (or 10x), and definitely invest in a TFSA (the way I have been with my RA).

This all to save fees and to invest in international exposure.

Sorry If im not making too much sense, feel like a airhead today

Edit 1:

Objectives:

- Move my RA from AG to 10x or EE where I am expecting to pay less fees. Also stop investing into RA.
- Start investing more into my tax free allowance like I would my RA. Looking to use EE or a good alternative where I know my investments will be safe for 30+ years...

Whew, that was easier

 

[zerocool2009]

I've been investing heavily in my AG RA. But this just means I've been investing into a local UT and let's face it, we dont have significant economic growth. So that got me thinking that I really should start maxxing my tax free allowance as it has international exposure.

I'd like to use EE as I use them a lot for US stocks. I will will probably invest into the TFSA MCSI or S&P500.

With the above thoughts, I figured I should just move my RA to EE (or 10x), and definitely invest in a TFSA (the way I have been with my RA).

This all to save fees and to invest in international exposure.

Sorry If im not making too much sense, feel like a airhead today

Edit 1:

Objectives:

- Move my RA from AG to 10x or EE where I am expecting to pay less fees. Also stop investing into RA.
- Start investing more into my tax free allowance like I would my RA. Looking to use EE or a good alternative where I know my investments will be safe for 30+ years...

Whew, that was easier

I am maxing my tfsa since the start! I do think that have much more power than a RA (my view). And take it 100% abroad! Nothing in crippled SA!

Another tip, I have preservation funds, paid up RA’s and live RA’s. I am investing in an interest paying funds (a portion of my RA), that pays out monthly. The result, my interest is more than my fees... so I see that as fee-less! (My view, and it works)

 

[mr_norris]

I am happy with EE and trust them with the bulk of my portfolio. The comparison of EE and Ice3x is odd though. It's a bit of an apples to bananas one.

EE is a broker, and is a registered FSP, backed by some big financial institutions. They also have just over a million users.

Ice was a crypto exchange. There is always some controversy when it comes to crypto, like random exchanges dying, exchanges taking people's Dosh, new amazing coins which are nothing more than pump and dump schemes.

Stock markets are full of their own crap but unless you find and invest in some almost unknown broker, your money should be safe. Can't say if EE will be around on thirty years, but I don't see any reason for them to disappear.

That said, I wouldn't use EE's RA. 10x and Sygnia are cheaper. I'm with 10x, and plan to move over to Sygnia once I feel the need for paperwork.

 

[backstreetboy]

Just move on over to Sygnia. Easy equities is more expensive and their website looks like a crayon.

 

[Snyper564]

You can't compare any crypto related collapse or hack to age old vanilla investments. Just not the same...

 

[Moto Guzzi]

Your money will suffer the same problems than your plants in the garden full of parasites.

 

[Pegasus]

I've been investing heavily in my AG RA. But this just means I've been investing into a local UT and let's face it, we dont have significant economic growth. So that got me thinking that I really should start maxxing my tax free allowance as it has international exposure.

I'd like to use EE as I use them a lot for US stocks. I will will probably invest into the TFSA MCSI or S&P500.

With the above thoughts, I figured I should just move my RA to EE (or 10x), and definitely invest in a TFSA (the way I have been with my RA).

This all to save fees and to invest in international exposure.

Sorry If im not making too much sense, feel like a airhead today

Edit 1:

Objectives:

- Move my RA from AG to 10x or EE where I am expecting to pay less fees. Also stop investing into RA.
- Start investing more into my tax free allowance like I would my RA. Looking to use EE or a good alternative where I know my investments will be safe for 30+ years...

Whew, that was easier

What fees are you paying at AG? And what will you pay at EE?
And what’s the difference performance wise over the last 10 years or so?

 

[happyCoder]

Just move on over to Sygnia. Easy equities is more expensive and their website looks like a crayon.

It's actually cheaper to have long term Sygnia ETFs on EE. Sygnia charges a platform fee that you do no get charged when you use EE. So once you make up the once of transaction fee you will be earning more on your investment

 

[backstreetboy]

It's actually cheaper to have long term Sygnia ETFs on EE. Sygnia charges a platform fee that you do no get charged when you use EE. So once you make up the once of transaction fee you will be earning more on your investment

Well the thread is about RA's which EE is almost double more expensive. Not to mention some ETF's are cheaper if you get them directly from Sygnia now.

 

[SergioDomngos]

Thanks for the valuable input all.

So I'm looking at ETFs as I'd like to start utilizing my TFSA. It seems like Sygnia and EE have the same fees for the Sygnia MSCI World fund ETF. I see people saying one platform is more cheaper over the other?

I already use EE so really happy with them, but if Sygnia have cheaper fees, I'll be happy to move.

Looking at the MSCI World ETF, are these the explicit fees or are there fees that I am missing perhaps?

Sygnia fees: https://www.sygnia.co.za/fund/sygnia-itrix-msci-world

EE fees: https://etfs.easyequities.co.za/etf...3.1666592487.1624728658-1212434840.1624564263

Also looking at the S&P500, although I know they share alot of the same equities, I will look further into it when I establish a platform provider