SauRoNZA
Honorary Master
Please do elaborate?
I've heard about this but haven't had a chance to look into it properly.
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Satrix - people still using them?
- Thread starter xrapidx
- Start date
Please do elaborate?
I've heard about this but haven't had a chance to look into it properly.
akescpt
Honorary Master
But do you also include a yearly payment inflation? Nobody still pays R500pm after 10 years of such an investment.
A summary of mine, since Dec 2011:
Overall
First Transaction Date 05-Dec-2011
Last Price Date where Market Value was greater than 0 26-Mar-2014
Closing Market Value R 77 610.48
Total Investments for the Period R 71 544.75
Total Withdrawals for the Period R -10 568.82 (no withdrawal, I did a switch)
Total Distribution Payments for the Period R 0.00
Total Reinvestments for the Period R 1 029.49
Total Book Value for the Period R 60 975.93
Investment Growth 23.25 %
Effective Yearly Return (IRR) 24.48 %
Satrix 40
First Transaction Date 05-Dec-2011
Last Price Date where Market Value was greater than 0 26-Mar-2014
Closing Market Value R 17 817.09
Total Investments for the Period R 14 000.00
Total Withdrawals for the Period R 0.00
Total Distribution Payments for the Period R 0.00
Total Reinvestments for the Period R 304.85
Total Book Value for the Period R 14 000.00
Investment Growth 27.26 %
Effective Yearly Return (IRR) 22.00 %
Satrix INDI
First Transaction Date 05-Dec-2011
Last Price Date where Market Value was greater than 0 26-Mar-2014
Closing Market Value R 59 793.39
Total Investments for the Period R 48 044.75
Total Withdrawals for the Period R 0.00
Total Distribution Payments for the Period R 0.00
Total Reinvestments for the Period R 724.64
Total Book Value for the Period R 48 044.75
Investment Growth 24.45 %
Effective Yearly Return (IRR) 27.38 %
Satrix RAFI (switched out)
First Transaction Date 05-Dec-2011
Last Price Date where Market Value was greater than 0 25-Feb-2014
Closing Market Value R 0.00
Total Investments for the Period R 9 500.00
Total Withdrawals for the Period R -10 568.82
Total Distribution Payments for the Period R 0.00
Total Reinvestments for the Period R 0.00
Total Book Value for the Period R -1 068.82
Investment Growth 11.25 %
Effective Yearly Return (IRR) 14.90 %
Overall
First Transaction Date 05-Dec-2011
Last Price Date where Market Value was greater than 0 26-Mar-2014
Closing Market Value R 77 610.48
Total Investments for the Period R 71 544.75
Total Withdrawals for the Period R -10 568.82 (no withdrawal, I did a switch)
Total Distribution Payments for the Period R 0.00
Total Reinvestments for the Period R 1 029.49
Total Book Value for the Period R 60 975.93
Investment Growth 23.25 %
Effective Yearly Return (IRR) 24.48 %
Satrix 40
First Transaction Date 05-Dec-2011
Last Price Date where Market Value was greater than 0 26-Mar-2014
Closing Market Value R 17 817.09
Total Investments for the Period R 14 000.00
Total Withdrawals for the Period R 0.00
Total Distribution Payments for the Period R 0.00
Total Reinvestments for the Period R 304.85
Total Book Value for the Period R 14 000.00
Investment Growth 27.26 %
Effective Yearly Return (IRR) 22.00 %
Satrix INDI
First Transaction Date 05-Dec-2011
Last Price Date where Market Value was greater than 0 26-Mar-2014
Closing Market Value R 59 793.39
Total Investments for the Period R 48 044.75
Total Withdrawals for the Period R 0.00
Total Distribution Payments for the Period R 0.00
Total Reinvestments for the Period R 724.64
Total Book Value for the Period R 48 044.75
Investment Growth 24.45 %
Effective Yearly Return (IRR) 27.38 %
Satrix RAFI (switched out)
First Transaction Date 05-Dec-2011
Last Price Date where Market Value was greater than 0 25-Feb-2014
Closing Market Value R 0.00
Total Investments for the Period R 9 500.00
Total Withdrawals for the Period R -10 568.82
Total Distribution Payments for the Period R 0.00
Total Reinvestments for the Period R 0.00
Total Book Value for the Period R -1 068.82
Investment Growth 11.25 %
Effective Yearly Return (IRR) 14.90 %
supersunbird
Honorary Master
http://www.iol.co.za/business/perso...n-new-savings-accounts-1.1661780#.UzPzKBUaKig
http://www.moneyweb.co.za/moneyweb-investment-insights/taxfree-savings-account-takes-shape
http://www.moneyweb.co.za/moneyweb-tax/death-and-taxes
Basics:
With these accounts there is no dividend withholding tax or CGT or interest tax. The yearly limit of R30 000 with be increase annually to handle inflation. There will be a lifetime contribution limit of R500 000 (which might be pushed up in a few years time to deal with inflation). Can grow beyond the R500 000 limit, the limit is just on contributions. If withdrawing fund from the account you cannot top it back up in later years.
I will withhold my interest (cough) in these government savings funds until we have full details on how they will work and if they are even worth it.
It could all turn out to be low yield investments, which means the tax savings are pointless as you would get a higher effective return investing in other excluded high growth, taxed, investments.
It could all turn out to be low yield investments, which means the tax savings are pointless as you would get a higher effective return investing in other excluded high growth, taxed, investments.
supersunbird
Honorary Master
So the Coronation Industrial (randomly chosen example) unit trust which gave 28.5% growth over the last year is low yield?
Guess you didn't read that unit trusts and equity ETFs (aka registered collective investment schemes) will be allowed to be included in these accounts.
No need to be sarcastic.
I am saying we haven't seen the FINAL regulations yet and the list of qualifying funds.
Cius
Honorary Master
My Satrix Divi fund has been almost flat the last year. Still, I tend to see that each Satrix fund has its hey day as money shifts between them. Divi was the best performer for its first 3 year stint followed by the Indi and now its the Fini. I think its best to rather just spread out between a few of them and ride the average upwards as its difficult to predict which one the market is going to make its darling next.
Hamster
Resident Rodent
- Joined
- Aug 22, 2006
- Messages
- 45,920
- Reaction score
- 18,416
Started a share saver account almost a year ago just to try it out (and it is WAY easier to signup and make extra deposits if you are an FNB client already than SATRIX and their paper work). Anyway, been dropping about R500 pm in their and once put in a larger lump sum - up almost 12%. Now bare in mind that it fluctuates a lot and every time the debit order goes through your growth percentage will drop (because of math).
So now that the year is almost up and I like what I am seeing i am thinking of increasing that amount by quite a bit (just waiting to see what ****ing SARS does to me come July).
If you are a first timer - just do it.
Mike Hoxbig
Honorary Master
Yes yes, it's an old thread but I need to ask a question 
What I wanted to know is how the FNB share saver account works. Do they invest your money in a bunch of shares like Satrix does, or do you have to choose your own shares? Also, what are the costs involved? I'm not particularly interested in choosing my own shares and learning how the stock market operates, so I would prefer something similar to Satrix...
Been having serious issues trying to register on Satrix. I didn't even get to the documentation part yet, I can't even register as a new investor on their site due to some error that keeps popping up and returning you to the login screen. So fsck 'em.
What I wanted to know is how the FNB share saver account works. Do they invest your money in a bunch of shares like Satrix does, or do you have to choose your own shares? Also, what are the costs involved? I'm not particularly interested in choosing my own shares and learning how the stock market operates, so I would prefer something similar to Satrix...
supersunbird
Honorary Master
Yes yes, it's an old thread but I need to ask a question
Been having serious issues trying to register on Satrix. I didn't even get to the documentation part yet, I can't even register as a new investor on their site due to some error that keeps popping up and returning you to the login screen. So fsck 'em.
What I wanted to know is how the FNB share saver account works. Do they invest your money in a bunch of shares like Satrix does, or do you have to choose your own shares? Also, what are the costs involved? I'm not particularly interested in choosing my own shares and learning how the stock market operates, so I would prefer something similar to Satrix...
FNB Share Saver would be like a Satrix Top 100 (if there was one).
FNB Share Investor allows you to invest in the full range of JSE listed shares and Krugerrands.
And then there is FNB Share Builder which is like a inbetweener beginner thing
faniebraai
RIP
Share Saver would then be for me... is there some sort of calculator somewhere where I can input some values to see returns based on the last year or whatever?
supersunbird
Honorary Master
Look for the RMB Top40 and RMB MidCap ETFs history online. I don't know how they combine them.
Mike Hoxbig
Honorary Master
Cool thanks for the info guys. Signed up for the Share Saver. Can't seem to find the options to reinvest the dividends and adjust the monthly transfer though? On the 2nd one I checked the Transfers tab but it is not there...
In the share and investment tab you can set the monthly transfer. There is no automatic option to reinvest dividends / buy units when your cash amount in the account is enough.
Mike Hoxbig
Honorary Master
So every time the debit order goes off and is transferred into the Share Saver account, I will manually have to buy new shares? And then every time a dividend is paid into my cheque account, I'll have to manually transfer it back into the Share Saver account?
Surely there is a way to automate this so that it can grow passively over time, without any input from me?
Hamster
Resident Rodent
- Joined
- Aug 22, 2006
- Messages
- 45,920
- Reaction score
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They buy equal amount of shares in each. So if you invest R500 and one Top40 share costs R50 and one MidCap share costs R10 it will get you:
8 x Top40 @ R400
8 x MidCap @ R80
R20 left in account that you can transfer out or re-invest with new order (just example, not real figures)
When debit order goes off the money is transferred to the share saver account and shares are automatically bought for you. Pretty sure you can set it so that dividends are re-invested. I've had the account for over a year and the only admin I've ever had was moving "left over" money (as per above) once every three months or so :/
Last edited:
Yes yes, it's an old thread but I need to ask a question
Been having serious issues trying to register on Satrix. I didn't even get to the documentation part yet, I can't even register as a new investor on their site due to some error that keeps popping up and returning you to the login screen. So fsck 'em.
What I wanted to know is how the FNB share saver account works. Do they invest your money in a bunch of shares like Satrix does, or do you have to choose your own shares? Also, what are the costs involved? I'm not particularly interested in choosing my own shares and learning how the stock market operates, so I would prefer something similar to Satrix...
Although it is brand new, have a look at GT247 who have launched a platform called easyequitys. They have zero monthly fees and the brokerage fee is only 0.25% plus all the compulsory fees. I think the platform officially opens at the end of August and they are currently running a simulated exchange to test the platform. You can buy Satrix shares and avoid the annual fee.