PSG vs ? (open to suggestions)

[Thor]

Hi, so i signed up with PSG online a while ago, but I want to know what alternatives do you recommend. ( I do not like PSG at all, personal reasons so no need to name and shame), just want to know what you would recommend ?

I am looking to invest mostly in TOP 40 indexes ( more long term )

Not interested in CDF's at the moment, I want to learn a bit more first before i take that risk. So basically ETF's and EQT's.

I appreciate all the help in advance.

 

[srothman]

http://www.coronation.com/za/personal/top-20

Although I'm not investing in that fund specifically, I've been very happy with the service and overall experience with Coronation.
Haven't been there for very long, but I've had nothing but exceptional service, both telephonically and via e-mail.

 

[Thor]

The site seems down...

 

[Hendrix]

Coronation is not a broker, they an Asset Manager.

I use PSG myself, but I've heard nothing but good things about Imara.
The big banks all have brokerages, you could look into them too.

 

[Thor]

My problem with PSG is the stability of their website...

Was an absolute nightmare signing up constantly having refresh, close etc.

I used to be with IG markets and that was brilliant especially the App.

But CFD's are... I'm just not ready for it yet.

 

[Jozsef Borbely]

I recommend Allan Gray. A Couple points I like about them.
-Amazing service
-Excellent call center.
-Platform fee is extremely competitive.
-Limited fund selection but it does the job.
-User friendly online interface with high quality reports.

No EFT's like Satrix, but they do have a good selection of equity funds. Please don't drag me into a debate of EFT vs Unit Trust. One has low fees but will never beat the market, the other has higher fees but it can do better over the long term. At least in my opinion.

Its just my opinion use it don't use it. : )

I am a financial planner, so I am familiar with most platforms, AG, Momentum, Discovery, Liberty, PSG, Glacier/Sanlam, Stanlib, Satrix & Investec. I haven't used Coro to be honest.

Any other questions on this, shout.

 

[srothman]

Coronation is not a broker, they an Asset Manager.

True, but why would you choose a broker over a fund/asset manager in any case, Coronation or otherwise?
I can see the appeal of wanting to have more control over where, and what to invest in, but if one is just looking to take your money, dump in somewhere in the long term, make them do the heavy lifting.

 

[InTheWild]

You might want to check out Standard Bank OST platform. Its quite a nice online broker option if you're only going to invest in securities and ETFs.

Cheap option for ETFs is etfsa.co.za but their online system is horrible, worst than Satrix etc.

I use FNB Securities, but I am on a special pricing plan with my other accounts, so I don't pay any account fees, just brokerage, which works out to about the same as standard bank with the amounts I trade. (minus the monthly fee)

But keep in mind you can't buy any unit trusts with the above systems..

 

[Thor]

I recommend Allan Gray. A Couple points I like about them.
-Amazing service
-Excellent call center.
-Platform fee is extremely competitive.
-Limited fund selection but it does the job.
-User friendly online interface with high quality reports.

No EFT's like Satrix, but they do have a good selection of equity funds. Please don't drag me into a debate of EFT vs Unit Trust. One has low fees but will never beat the market, the other has higher fees but it can do better over the long term. At least in my opinion.

Its just my opinion use it don't use it. : )

I am a financial planner, so I am familiar with most platforms, AG, Momentum, Discovery, Liberty, PSG, Glacier/Sanlam, Stanlib, Satrix & Investec. I haven't used Coro to be honest.

Any other questions on this, shout.

Hello, Thank you for the post.

Here is what I would like to do:
I want to buy shares in the Top 40 Index ( So I assume that would be ETF's).
I want to buy shares in private companies example, Woolworths, ABSA etc.
I want to manage my own portfolio if possible to avoid costs.

I have experience with IG Markets when I did CFD's and found they had acceptable prices.
I would like a platform similar to IG Markets.

 

[InTheWild]

Hello, Thank you for the post.

Here is what I would like to do:
I want to buy shares in the Top 40 Index ( So I assume that would be ETF's).
I want to buy shares in private companies example, Woolworths, ABSA etc.
I want to manage my own portfolio if possible to avoid costs.

I have experience with IG Markets when I did CFD's and found they had acceptable prices.
I would like a platform similar to IG Markets.

Then Standard Bank's OST will be perfect.

 

[Thor]

Then Standard Bank's OST will be perfect.

The costs doesn't look nice especially the account maintenance fees etc

 

[InTheWild]

The costs doesn't look nice especially the account maintenance fees etc

Yeah, look if you want cheap, you can go Easy Equities. Simple and basic. That's why its so cheap.

There is a thread on Easy Equities that you might want to check out.

 

[Thor]

Awesome I appreciate the help. I will look around there too, but not too amped for easy equities to be honest

 

[Hendrix]

True, but why would you choose a broker over a fund/asset manager in any case, Coronation or otherwise?
I can see the appeal of wanting to have more control over where, and what to invest in, but if one is just looking to take your money, dump in somewhere in the long term, make them do the heavy lifting.

Why would you fix your own car? Why would you shop around for the cheapest price on a product? Answer: cause it might be cheaper and you could do a better job yourself!!!

Thor has basically asked for an alternate broker, not an asset manager, read his original post carefully.

AM's generally follow benchmarks, and sometimes beat them, and sometimes they don't.
They are risk averse (understandably), but I have time on my side, so I prefer to take risks I can stomach with money I'm willing to lose.
Don't get me wrong, asset managers have their place, I use them myself, but when I want to make returns above the market, I have to go it alone and take on that risk.

Thor has the right idea not wanting to get involved in CFD's quite yet, I'm in the same boat

 

[Hendrix]

True, but why would you choose a broker over a fund/asset manager in any case, Coronation or otherwise?
I can see the appeal of wanting to have more control over where, and what to invest in, but if one is just looking to take your money, dump in somewhere in the long term, make them do the heavy lifting.

You cannot buy individual shares through Coronation or any other AM, you must use a broker, that's why
You can only buy into one of their funds...

 

[Thor]

Looking around I think I will stick to PSG for now.

But would still like a different platform especially aimed for/at day trading.

 

[Hendrix]

You wanna day trade?
Check out Imara... http://www.imara.com/securities-overview.aspx

 

[Thor]

Not impressed, site is not really easy to find what you need and clicked on 4 dead/temporarily unavailable links.

 

[Thor]

Make that 6

 

[Thor]

http://www.imara.com/securities-southAfrica.aspx

The resource you are looking for has been removed, had its name changed, or is temporarily unavailable.