I mean your contribution - is this a once off thing you've invested, or are you putting in a certain amount monthly...
(should have been on the app)
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Satrix - people still using them?
- Thread starter xrapidx
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I mean your contribution - is this a once off thing you've invested, or are you putting in a certain amount monthly...
(should have been on the app)
Ockie
Resident Lead Bender
Oh...hehe..sorry...thought you meant if they charge me monthly or yearly. I was like WTF???
Was a once off thing. As I come into some dosh I will deposit more. I see that you can actually add more online? A instruction or something they call it?
I seem to have messed up my password somehow. Keeps telling me now it is incorrect. urg.
Oh...hehe..sorry...thought you meant if they charge me monthly or yearly. I was like WTF???
Was a once off thing. As I come into some dosh I will deposit more. I see that you can actually add more online? A instruction or something they call it?
I seem to have messed up my password somehow. Keeps telling me now it is incorrect. urg.
Yeh, you can do that.... I first want to run mine for around a year before deciding what to do with it
Password thing happened to me at the beginning of the month, had to email them to reset it. (apparently it looks you out after 3 tries, and the "Forgot password" doesn't work.
Ockie
Resident Lead Bender
Yeh, you can do that.... I first want to run mine for around a year before deciding what to do with it
Password thing happened to me at the beginning of the month, had to email them to reset it. (apparently it looks you out after 3 tries, and the "Forgot password" doesn't work.
Ja...maybe I will do that also rather. I will see what it did when I get a bit of money from SARS again end of the year and then decide if I am going to just push it into Satrix.
I did the reset password thing...and it sent me a reset password...but it does not work. I think I forgot to put my num lock on hahaha. It does not have a light to show if its on or not. DAMN.
sdd
Expert Member
I have had satrix since very beginning and all I can say is that it has worked great for me.
Use it for kids education funds. Already it is a nice nest egg.
Use it for kids education funds. Already it is a nice nest egg.
akescpt
Honorary Master
What funds you using @ssd?
sdd
Expert Member
I have the satrix40 and the swix. Best thing I did was to open these and forget about them. Compound interest and market cycles can work in your favour in the long term
akescpt
Honorary Master
Im also new in this space...so where do i start exactly? i wanna put in a lump sum at first, say 10-15K then maybe add monthly contributions as well, mayb 1K pm. Using some comments from this thread, i tried to check more info from satrix, etfsa and sharenet but i find the pricing structures to be confusing and not easy to understand for a newbie like me! And finally would you say the returns from these options significantly better than Absa Inv Advantage which is currently giving me 5% pa?
Ockie
Resident Lead Bender
You need to print out the application form on the Satrix website, fill it in...do the deposit of the amount you want to invest, select the options on the form into which products it must be invested in, then also indicate that you want a certain amount to go in every month via debit order. Once completed, you email or fax it through with your ID, Proof of bank account and Proof of physical address. Takes 24 - 48 hours for them to process it for you.
I found it very painless. Once your account is open, you can apply for a online login...and once that is done..you can login and do stuff and see what investments you have etc. You can also then give instruction online to add more money via once off deposit etc etc.
AirWolf
Honorary Master
Or convert the form to Word and type it in 
.
.
Skippy, what you doing with 5% ??? And you wanna go 14% max with STX. Oh well. Good for you. I will stick to my 65 to 130% PA shares. I am not dissing STX as I was there and done that. Good for entry level investors.
Wish I had 1% return for every time I have to read about your amazing returns. You're wonderful. We get it.
Thanks man, sounds easy enough
But is it easy getting those returns for someone with no experience whatsover in the investment space? How do you invest on that, and what is the fee structure like?
Ou grote
Honorary Master
Only invest in what you know.
Ockie
Resident Lead Bender
So checked my statement (could not help myself) and I made like R27.00 already...well, a bit less if you take the fees etc that they took off hehe.
Total 2,986.87 3,013.79
Total 2,986.87 3,013.79
As easy as investing in Unit Trusts. Standard Bank is quite popular but I prefer www.imaraspreid.co.za as my broker firm.
Register at the site and request the forms. Download the forms and print them. Make sure you tick the "Manage my own Shares" or similar block. Send it back by post with your FICA stuff like "Proof of Address" etc.
Now you will be registered on the JSE. Transfer money to your account and it will show up as Cash on their website. Earns interest if you not investing yet.
Now you can either phone your order or do it yourself on the website. Top right enter CML in the block and choose "Trade" from the dropdown menu. A table opens that shows the results for the day for CML. If it is negative to flat, then get in.
Practice this for awhile before you do it yourself. Rather phone your allocated broker to place the order and ask his advice. The fee varies from 1.4% depending on the amount.
czc
Honorary Master
Hmm, I need to look into real investing.
I'd like to know why he's posting on a forum - if I had been making 65%-130%/pa on investments, I can promise you I'd be retired after five years, living on an island somewhere.