Liberty Stash App

Has anyone else tried it? Still so few reviews on the Play Store. Can one person link more than one card to their account?
 
You can link more than one card. There's a main card and a transaction card. Standard Bank, Absa and Nedbank can be main cards (where the money comes from). FNB, Capitec and Investec can be transaction cards (whose transactions get rounded up).
 
Capitec make it quite hard to activate cards for online purchases. Stash collects money via an online purchase in the background - essentially you're purchasing an investment as if you were buying something online.
 
Jeruanamo said:
You can link more than one card. There's a main card and a transaction card. Standard Bank, Absa and Nedbank can be main cards (where the money comes from). FNB, Capitec and Investec can be transaction cards (whose transactions get rounded up).
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Does that mean your FNB card transaction of say R55 would be rounded up to R60 but the actual R5 would come from your main card (SB/ABSA/Nedbank)?
 
hj2k_x said:
Does that mean your FNB card transaction of say R55 would be rounded up to R60 but the actual R5 would come from your main card (SB/ABSA/Nedbank)?
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Yep. We're still working with VISA International to have the FNB and Investec issue sorted. Shouldn't be long now.
 
can you only register your credit cards? I hardly use credit cards for purchases, fuel mostly
 
Shout if you need more info. 223 stashes so far. Ad and media campaign to start soon. FNB and Investec should take another week or so.
 
Jeruanamo said:
We turned a month old on Thursday which means we get to make our own "Fund Fact Sheet". We hate that term, so we're calling it Past Growth. Here's the link to it: https://media.stash.co.za/PastGrowth.pdf
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That does look really nice. So zero fees and zero fund costs, guaranteeing the returns of the top40 index.

So my only remaining question is, what's the catch? Sorry for being that suspicious guy but there must be some way Liberty profits from this deal.
 
Say you have a TFSA already and are contributing R2500 a month, ie the maximum annual contribution allowed before punitive taxes kick in.

Does the app know when the limit is reached and notify the client?
 
Eti1 said:
That does look really nice. So zero fees and zero fund costs, guaranteeing the returns of the top40 index.

So my only remaining question is, what's the catch? Sorry for being that suspicious guy but there must be some way Liberty profits from this deal.
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I can only assume they take your cash and do something else with it, something with better returns than the top40 index...
 
bro-da said:
Say you have a TFSA already and are contributing R2500 a month, ie the maximum annual contribution allowed before punitive taxes kick in.

Does the app know when the limit is reached and notify the client?
Click to expand...
AFAIK the app will know when you reach your stash limit, but won't keep track of your total across all TFSAs. Still the investors responsibility
 
Eti1 said:
That does look really nice. So zero fees and zero fund costs, guaranteeing the returns of the top40 index.

So my only remaining question is, what's the catch? Sorry for being that suspicious guy but there must be some way Liberty profits from this deal.
Click to expand...

Great question, Eti. We're not making any money on Stash in its current form but have plans to in non-traditional, non-'financial services' ways in the future. Some really cool features coming in February which will make you question (we hope) what an investment should be.
 
Eti1 said:
AFAIK the app will know when you reach your stash limit, but won't keep track of your total across all TFSAs. Still the investors responsibility
Click to expand...

Yep. That's because none of the financial service companies (across banks, insurers and asset managers) can agree on how best to do it. They're still thinking in the old school way of restricting the free-flow of money instead of making it really easy to have multiple tax-free accounts.

In our testing, less than 1% of South Africans aged 18-28 had a tax-free savings account. We think that's sad.

Bonus fact: In the whole of 2015/16 tax year only about 150,000 tax-free accounts were opened. Very few people have them, and of those that do, the majority have already bitten the saving bug.
 
hj2k_x said:
I can only assume they take your cash and do something else with it, something with better returns than the top40 index...
Click to expand...

As an insured product, Liberty isn't allowed to speculate with your money. In other words, it can't take your money and invest in things that increase the risk of not being able to keep its promise to you: that you'll get the growth on South Africa's Biggest Companies, and any profits they declare. Liberty can invest in other things, but it will always keep this promise.

Here's a link to a more interactive (non-pdf) Past Growth: https://www.stash.co.za/past-growth
 
Any plans to allow other forms of investment, ie not in a tax free one. I like the idea of using the change but already have the TFSA so would consider if you do
 
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