Liberty Stash App

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ADRAM3L3CH

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So someone sent me a link to the Liberty Stash App on the Google play store. https://play.google.com/store/apps/details?id=za.co.stash.stash

It looks like a a nice easy way to invest but I just can't seem to find their rates . It is a tax free account so considering the yearly and lifetime limits I'm a bit weary to start using it.

Does anyone use it ? Maybe you could share your experience with the app?
 
I happen to work on Stash so here's the low down: your Stash is tucked away in South Africa's Biggest Companies. Their CEOs are working hard to make their companies, and your Stash, grow. Their are ZERO fees and none of the hassle that normally comes with investing. Things like filling out forms, printing, scanning and faxing signed documents, waiting two days to get your money out and minimum deposits simply don't exist with Stash. If you spend R9.99, Stash will invest the R0.01 in spare change for you that very day.
 
Wonder what the fees are though:

Fees and Costs

There is no monthly subscription fee to access the App.*
We will only charge you the fees that apply to the Product you have purchased via this App.*
All fees are due immediately and payment will be facilitated by Stash using the preferred payment method designated in your Profile, after which Stash will display this in the App. If your primary Profile payment method is determined to be expired, invalid or otherwise not able to be charged, you agree that Stash may use a secondary payment method, if available. You also agree that Stash may try again (up to three times) to collect the money. Stash will only collect money once a day.
 
There aren't any fees. The above is legalese to allow for the flexibility to charge fees in the future, if the need should ever arise.
 
Jeruanamo said:
I happen to work on Stash so here's the low down: your Stash is tucked away in South Africa's Biggest Companies. Their CEOs are working hard to make their companies, and your Stash, grow. Their are ZERO fees and none of the hassle that normally comes with investing. Things like filling out forms, printing, scanning and faxing signed documents, waiting two days to get your money out and minimum deposits simply don't exist with Stash. If you spend R9.99, Stash will invest the R0.01 in spare change for you that very day.
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Could you elaborate a little on the underlying investment? I read that it's an endowment policy "invested in SA's biggest companies". What does that mean? Is there a fund fact sheet or something to read?
 
You'll get the growth of SA's biggest 40 companies, plus dividends. There aren't any fees, so you'll get the exact return that you see if you Google J200T.
 
Jeruanamo said:
You'll get the growth of SA's biggest 40 companies, plus dividends. There aren't any fees, so you'll get the exact return that you see if you Google J200T.
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I am still a little confused. The J200T as far as I can tell is an index. Are you saying that the user invests directly in an index, and if so, how?

Or is it some kind of index-tracking unit trust fund? And if so, how can the fund guarantee the exact return of the index?

You say that you "work on Stash"... what exactly does that mean?
 
We can guarantee the exact return on the J200T because Liberty, as an insurer, has a balance sheet it can use to make promises. There's no tracking error (like companies who aren't allowed to use their balance sheet). We match the index precisely using the magic of Liberty's investing arm.

By 'work on Stash', I mean that Stash is my 9 to 5.
 
Thanks very much for the information Jeruanamo! I was interested in the returns that may be gained from this.
 
"Stash helps you stash small amounts every day in a tax-free investment."

Just be careful who you choose to do business with. AFAIK, it is not currently possible to transfer your tax free "investments" away from providers.

And this would be a concern to me...later:
Jeruanamo said:
There aren't any fees. The above is legalese to allow for the flexibility to charge fees in the future, if the need should ever arise.
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I've had my fair share of dealings with Liberty, and personally won't trust them again.
 
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We were hoping for transfers to be approved by March this year, but it's looking increasingly likely that this will happen in March 2018. As the only completely free, tax-free investment, we'd welcome the opening of the gates.

Stash wasn't designed for people who've already jumped on the tax-free bandwagon though. It was designed for the 99℅ of South Africans who don't know where to start because the current way of investing was never meant for them. It's easier to get credit in SA than it is to invest. We're trying to change that by taking away as many of the obstacles to investing as possible.

It would be irresponsible of any business to negate the possibility of future fee increases, should the need arise.
 
For one, you don't need an FNB bank account. For another, signing up is far easier than becoming an FNB customer.

Lastly, R100 a month stashed in SA's biggest companies every month, for the last five years, would be worth around R8,500 today. And while we can't say for sure how SA's biggest companies will do in the future, we can say that earning tiny interest on tiny sums isn't going to amount to much growth in the long term.
 
Jeruanamo said:
For one, you don't need an FNB bank account. For another, signing up is far easier than becoming an FNB customer.

Lastly, R100 a month stashed in SA's biggest companies every month, for the last five years, would be worth around R8,500 today. And while we can't say for sure how SA's biggest companies will do in the future, we can say that earning tiny interest on tiny sums isn't going to amount to much growth in the long term.
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Regarding your first point, I have an FNB account which I transact with. How am I supposed to sign up or stash if your app doesn't work with FNB?

Eft? And can you please provide some documentation regarding the actual fund?
 
FNB and Investec support is coming soon.

The fund is SA's Biggest Companies tracking the FTSE/JSE Top40 Total Return Index.
 
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