-
Ask a question and get free supportUnlock new privileges and see hidden discussionsWin prizes and earn reputation
-
Question of the day ~ Do you queue to fill up your car before the fuel price increase every month?
-
Afristay giveaway.Win a 2-night stay for two people at an establishment of your choice with R1,000 in spending money. Enter here.
Sign up with GoogleYou are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an alternative browser.
You should upgrade or use an alternative browser.
Satrix ETFs
- Thread starter Patty
- Start date
Is this your only savings, or just a part of it? If it's your only saving then I wouldn't put it all in Satrix, shares are risky. Especially if you keep it all in the SA equity market. I'd put some in something more safe, just to keep it diversified. Unless you don't mind taking the risk. Disclaimer: I'm just a layman.
Best to speak to someone.
Best to speak to someone.
Thank you for all the tips! Lots to think about. Anybody have a good broker in Jozi to recommend?
None that I would trust lol
What's the cheapest way to buy Satrix? Should I just open up an FNB share trading account or would another platform be best?
Thanks,
Hi, this recent article may answer your question http://www.biznews.com/etfs/2014/09/cheapest-way-buy-satrix-divi-etf-stockbroker-vs-investment-plan/
Hi, this recent article may answer your question http://www.biznews.com/etfs/2014/09/cheapest-way-buy-satrix-divi-etf-stockbroker-vs-investment-plan/
Not a great article. If you're using a broker that charges 2% or even 1% find another broker! ABSA charges 0.4%, but I'm eagerly waiting for easyequities.co.za. They are apparently going to charge 0.25% with no minimum trade. If they can do what they're promising it'll be a complete no brainer.
It's a starting point, but I agree, asking Satrix to supply the figures when comparing their Investment Plan to other brokers is not the best journalism.
Low cost brokers is probably the way to go, however, just to throw a spanner in the works, another factor not considered is the cost of reinvesting the dividends. Looking at my STD bank share trading account, these brokerage fees have basically cancelled the dividend payouts over the last 3 years. I believe the investment plans include these costs in their annual fees?
Low cost brokers is probably the way to go, however, just to throw a spanner in the works, another factor not considered is the cost of reinvesting the dividends. Looking at my STD bank share trading account, these brokerage fees have basically cancelled the dividend payouts over the last 3 years. I believe the investment plans include these costs in their annual fees?
Quite right, if there's a minimum fee the re-investment would kill you with fees. With ABSA the minimum is R120 (the fee for R30k worth of trading), so automatically reinvesting a dividend payout of a few hundred would be ludicrous. What I do is hold my dividends in cash until I reach the R30k needed to get value for money from the fees.
That said, with easyequities they say no minimum, so you could just as well buy a single share for R60 and only pay R0.15 in broker fees!
That said, with easyequities they say no minimum, so you could just as well buy a single share for R60 and only pay R0.15 in broker fees!