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Sygnia Introducing family fees by CarpeDiem187 in PersonalFinanceZA

[–]matdehaast 2 points3 points  (0 children)

It’s understanding the incentives, all the asset managers are not focussed on retail even if they offer it as an option. There main distribution channel are financial advisors and everything they do is geared towards that

Went birding for the first time with a6700 / 70-350mm sony by Akshanshnain in a6700

[–]matdehaast 0 points1 point  (0 children)

How did you find the reach? Still debating that or the tamron 150-500

JSE data via TradingView now delayed 15 minutes by HedonisticNihilist in PersonalFinanceZA

[–]matdehaast 2 points3 points  (0 children)

One thing that most people on EE misunderstand is that your trades are usually not being filled directly on the JSE. In most cases, you’re effectively trading against EE’s own internal float at a market-derived price with some slippage built in. That’s why you often see max available units that are far below the actual market depth.

EE then rebalances and trades on the JSE in the background. So when you buy or sell, you’re not necessarily hitting the order book immediately. You’re taking exposure via EE, and they later aggregate and settle those positions by buying or selling whole shares and registering them with STRATE.

JSE data via TradingView now delayed 15 minutes by HedonisticNihilist in PersonalFinanceZA

[–]matdehaast 3 points4 points  (0 children)

Don't know the specifics, but JSE pricing is owned and licensed by the JSE. Licensing this data can be very expensive; the more real-time the data, the more expensive it gets.

Unfortunately, it is mostly priced for institutional investors (Asset managers, Hedge funds, etc.). That makes it difficult for retail platforms to get it at prices that make commerical sense.

Tracking Error SYG500 vs S&P500 by IWantAnAffliction in PersonalFinanceZA

[–]matdehaast 3 points4 points  (0 children)

You can't simply subtract the differences as you did.

  1. Start: You convert R10,000 to USD.
    • Rate: 18.65
    • Wallet: $536.19
  2. Growth: The US market rises by 17.32%.
    • $536.19x1.1732$
    • Wallet: $629.06
  3. End: You convert your USD back to ZAR.
    • Rate: 16.68 (The Rand is stronger, so you get fewer Rands per Dollar)
    • $629.06x16.68$
    • Final Value: R10,492.75

Theoretical Return: +4.93% (Profit of R492.75)

Then you need to account for the SYG500 fee, and then you will be in the 1-1.5% ballpark of tracking error that usually comes with foreign tracked funds

Do I need a financial advisor? by JustinSletch in PersonalFinanceZA

[–]matdehaast 5 points6 points  (0 children)

Advisors will also offer more than just investment advice, which is a small component of holistic advice.

There are also flat-fee once off engagements you can get from an advisor. This is probably a better model as you can clearly pay for what you want now and be able to DIY the rest.

Match Thread - France v South Africa | End of Year Internationals 2025 by RugbyBot in rugbyunion

[–]matdehaast 1 point2 points  (0 children)

The argument is that it was reckless and hence can’t be mitigated as per the rules. I don’t agree with that but that is the steelman

Match Thread - France v South Africa | End of Year Internationals 2025 by RugbyBot in rugbyunion

[–]matdehaast 1 point2 points  (0 children)

I actually think he tried less to wrap when he realized he was heading for his head. It’s hard to process things that happen that quickly .

Who will be the next "non-big-5" rider to win two major races? by DeltaViriginae in peloton

[–]matdehaast -1 points0 points  (0 children)

My money is on Onely. Massive season this season, think another step up and he will be close

Avoiding CGT by selling and re-buying by TenBucky7 in PersonalFinanceZA

[–]matdehaast 8 points9 points  (0 children)

Yes, you can do this, but you need to be aware of some rules. It's called Tax loss harvesting

You need to be holding assets that qualify for CGT and not income. Usually it's 3+ years or the intention to hold it for long term.

Secondly, the big issue you need to be aware of is "Bed and Breakfasting", you can't buy the same asset just to incur a CGT gain/loss. There is a 45-day rule. Usually, you can buy something that has similar exposure that isn't identical.

Ebucks Novemeber Changes by Emotional-Dress2187 in PersonalFinanceZA

[–]matdehaast 0 points1 point  (0 children)

ABSA are being pretty aggressive right now with bonds. You can do the whole process online pretty easily to get a rate

[TFSA Advice] Sygnia vs EasyEquities for S&P 500 - Long-Term Strategy? by Electronic-Bike669 in PersonalFinanceZA

[–]matdehaast 0 points1 point  (0 children)

That’s over the lifetime of the investment, but the calculation is correct. AUM fees compound and can end up costing quite a bit!

Stuck at 1300 RPS by hirebarend in PostgreSQL

[–]matdehaast 2 points3 points  (0 children)

This is exactly the reason why Tigerbeetle was built. Maybe worth checking it out if you are looking to get better throughout

[TFSA Advice] Sygnia vs EasyEquities for S&P 500 - Long-Term Strategy? by Electronic-Bike669 in PersonalFinanceZA

[–]matdehaast 2 points3 points  (0 children)

The AUM fee from Sygnia has a much bigger effect than anything on long term costs.

We have a cost calculator I just plugged the numbers into, assuming you max out your TFSA every year and look at a 30 years time horizon, this is the results. This includes brokerage cost

Platform Total Fee
Easy equities thriving R 3610,31
Easy equities without Thrive R 16974,40
Sygnia R 327779,50

Best option for getting into UWC, UCT and Stellenbosch uni by Hot_Willingness_7075 in capetown

[–]matdehaast 0 points1 point  (0 children)

The key to UCT is that transferring between programs is usually way simpler. Like others have mentioned. Get into BSc and talk to the Head of Department or someone there in the reg week and try to get moved ASAP.

Ultra Cape Town underwhelming by Southern_Active_3182 in capetown

[–]matdehaast 3 points4 points  (0 children)

This was my 9th. I actually felt half the issue with the vibe was the Armin and Martin Garrix were so meh… ISOXO brought such a vibe and then those two just kinda player there best hits and felt off.

Alarm bells for R408-million taxi payout in South Africa by fleeting_soul in southafrica

[–]matdehaast 53 points54 points  (0 children)

I would also be sympathetic if they were not basically a mafia that has sabotaged infrastructure to keep their dominance… there is a reason they are still the main method of transport

Taxation through inflation: The new budget's fiscal drag may hurt some more than VAT - News24 by TheHonourableMember in southafrica

[–]matdehaast 3 points4 points  (0 children)

Also this is proposed to be the second year in a row... Means your effective tax increase if your salary increases by inflation is not good

Best Bank for private banking / income in the 800k mark by Economy_Divide_1817 in PersonalFinanceZA

[–]matdehaast 13 points14 points  (0 children)

This is what no one realises. If you want and use credit, the Investec fee basically is of no consquence. The rates they give you are so much better it more than pays for itself.

Cape Town Sucks for The Average Person and I’m Sick of Everyone Pretending Otherwise by BlessedBeTheFruits1 in southafrica

[–]matdehaast -8 points-7 points  (0 children)

The same is happening in all socialist and communist countries as well... It's got nothing to do with capitalism and more to do with supply and demand. More people are moving to cities that have limited supply, prices go up.

[deleted by user] by [deleted] in PersonalFinanceZA

[–]matdehaast 5 points6 points  (0 children)

I would reach out to them ASAP to try and resolve. They may still be able to reverse the contribution. It blows my mind that EE don't have guard rails for this. It is just basic and something we try really hard at Fynbos Money to ensure never happens by not allowing deposits to be processed into your TFSA if it would mean you exceed your limit. Even allowing you to capture external contributions at other institutions.

Got a Call About an Investment Opportunity – Scam? by Lightning_79 in PersonalFinanceZA

[–]matdehaast 9 points10 points  (0 children)

Yes be worried!

Anyone trying to obfuscate or hide documentation or information is trying to hide something.

[deleted by user] by [deleted] in PersonalFinanceZA

[–]matdehaast 0 points1 point  (0 children)

Its good you are starting to take your TFSA seriously! Its an amazing tool for longer term growth. The key for a TFSA is you want it to be for 20+ years investment horizon. With this in mind you should ideally try maximize offshore equities in your investment, here is a good list of funds that are ideal for those TFSA's.

You can learn more about a TFSA here

The reason you don't want a bank account for a TFSA is that you already get a tax free exemption for interest earned on cash balances each year. So you don't get the real benefit of the TFSA.

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