Newbie needs help - Shares

jman said:
That's just telling you how to make a deposit, like what their bank acc number is, what reference you must use, etc
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I see that and i can select my bank but above that info i see a box where you can insert a Rand value amount.
 
Hamster said:
It takes you to a page with all the details and options?
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Yes, if I go to "My Account" and click on "+ Deposit" then a page appears where you can select the different banking details at the bottom. In the middle of the page there's things like payment method, deposit amount, transaction fixed charge, etc and above that is the area where you can insert a deposit amount. All of this falls under deposit funds.
 
Magandroid said:
Yes, if I go to "My Account" and click on "+ Deposit" then a page appears where you can select the different banking details at the bottom. In the middle of the page there's things like payment method, deposit amount, transaction fixed charge, etc and above that is the area where you can insert a deposit amount. All of this falls under deposit funds.
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It updates the example table with costs and totals. Can't remember if it has any other use.

If you manage to fund the account in any way that is not EFT, credit card or debit order please let us know.
 
Came across this article in the Personal Finance. Quite interesting read for newbies I'd say. A bit long but lots of info and some of it just adds on to what Thor was saying about ETF's. (or my understanding of it anyway)

Is it better to invest in shares directly?

Investing in the stock market may sound like a smart thing to do; much more trendy than investing in unit trusts.

If you have the money and the expertise to do it, investing directly in shares on the JSE can be very rewarding, but if you are able to invest only small amounts, and/or you have little time to research where and how to invest, the good advice has always been to choose a multi-asset unit trust fund. This type of fund offers you access to a diversified range of shares and/or other securities selected by a professional fund manager at a relatively low cost.
However, in recent years, changes brought about by the lower costs of online stockbrokers and the rise of exchange traded funds (ETFs) may have made this traditional advice a little less relevant.
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Rest of the article can be found here ...
http://www.iol.co.za/personal-finance/investments/is-it-better-to-invest-in-shares-directly-2061568
 
Ok now I see another problem. As per the breakdown, I should purchase NFEMOM of R11 550 but I see under the purchase amount that I can only purchase up to R10 345.50. Should I just purchase up to that maximum amount and put the rest into GLPROP or stick with R4950 for GLPROP and put the difference of R1204.50 into DbxWD?
 
... or should I purchase up to the maximum of R10 345.50 now and purchase NFEMOM with the outstanding R1204 tomorrow?
 
Or place two trades for NFEMOM that total R11550? You can also phone their trading desk if platform blocks you.
 
Okay, i wasn't sure if i could trade more than once on the same platform on the same day.
 
Magandroid said:
Ok now I see another problem. As per the breakdown, I should purchase NFEMOM of R11 550 but I see under the purchase amount that I can only purchase up to R10 345.50. Should I just purchase up to that maximum amount and put the rest into GLPROP or stick with R4950 for GLPROP and put the difference of R1204.50 into DbxWD?
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Damn EE limits.

I normally phone them to place a bigger trade but they don't charge me.

Otherwise I place two smaller trades. You can purchase more than their total in the course of the day if you split it up if that makes sense.
 
Thor187 said:
Damn EE limits.

I normally phone them to place a bigger trade but they don't charge me.

Otherwise I place two smaller trades. You can purchase more than their total in the course of the day if you split it up if that makes sense.
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Thanks. Hamster also gave similar advice and that does work. I placed 2 smaller trades after each other and that worked.
 
Thor187 said:
Damn EE limits.

I normally phone them to place a bigger trade but they don't charge me.

Otherwise I place two smaller trades. You can purchase more than their total in the course of the day if you split it up if that makes sense.
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What is the reason for the limits?
 
FoXtroT said:
What is the reason for the limits?
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They take on the risk by offering 5he fractional shares so they calculate based on some secret recipe they posted the reason on Platinum wealth I'll go see if I can find it.
 
klipdrifter said:
So Thor187, tell me is there a substitute for pension funds? Because every time JZ open that thing called his mouth my Pension Fund sees a hammering...

Help!
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Investigate to have a pension fund that is more geared for offshore exposure. In my case I buy DBXWD for retirement each month.
 
Thor187 said:
Investigate to have a pension fund that is more geared for offshore exposure. In my case I buy DBXWD for retirement each month.
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Sorry for all the questions Thor... Is it possible to investigate/request this when your employer has a pension fund scheme with Liberty etc?
 
klipdrifter said:
Sorry for all the questions Thor... Is it possible to investigate/request this when your employer has a pension fund scheme with Liberty etc?
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I would contact Sygnia and ask them I am sure you can move funds if the employer agrees. But this is not my area of expertise.
 
Post back here, I know how RA's work, but no idea about the tax and regulation around them.
 
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