![]() In any event our liability will be limited to R1, and any court cases must take place in Cape Town.SharePlus is managed by the aviation professionals of Trade Winds Aviation, located at the Reid-Hillview Airport (KRHV) in San Jose, California. We cannot attest to the accuracy of the material presented here, and opinions expressed may be changed without prior notice. We may earn commission on products invested in or annuities purchased. There may be advertisements on some pages on this website, and we may earn income from these advertisements. When investing there is always the risk of losing all or a substantial amount of your investment, as well as the risk of illiquidity. Any investment values given are not guaranteed. Past performance is not indicative of future performance. There are risks involved in buying or selling a financial product. Illustrations, forecasts or hypothetical data are not guaranteed and are provided for illustrative purposes only. ![]() Any views expressed are provided for information purposes only and should not be construed in any way as an offer, an endorsement, or inducement to invest. It represents only our and others' opinions. Our newsletters, articles, discussions and website are not an offering for any investment. None of the information should be construed as being advice. Any use of the information on my websites, emails and newsletters is at your own risk, and by using it you agree that the owners of our websites, authors and associated parties wont be held liable for any losses suffered as a result of using the information. Investment in shares and other financial instruments should be conducted by professional investment experts only. blog comments powered by Disqusĭue to regulations, our emails and this entire website should be considered as having been set up for entertainment purposes alone. Please enable JavaScript to view the comments powered by Disqus. If the ALSI40 is rising, is may be possible to still partially invest. The "Entry Level" is the 7-day average of the ALSI40 prior to the investment date. There's only one closing at the moment, at the 30th June 2012 (investment starts 1 July) - that's the last day you can invest.Īt the end of the 2 years you are paid out the minimum of the increase in the ALSI40 and 25%. Rates on call deposits are quite low, so be certain to check what rate you're earning, unless you're earning an equally low rate of return, it may be in your interests to delay depositing your investment until the shortest possible time before the investment period begins. Your investment amount is the amount deposited plus a call rate of interest income from the date of deposit until the investment period begins. No early redemption is allowed, you have to ride out the 24 months. The SharePlus guarantees your investment and gives you returns of up to 25%*" (I'm not sure what the asterisk next to the 25% is for). Standard Bank's website describes SharePlus as being a "24 month investment account that provides returns linked to the growth in the ALSI40, the top 40 shares on the JSE by market capitalisation. ![]() That's not to say it wont outperform, even products that face structural headwinds can outperform, and of course sometimes it's me getting it wrong. I'd earn a miserable call rate of interest for a few days before investment commences and if there's any delay afterwards (minor).Īnd last but not least, I do my investing in JSE shares myself, and I think there are better counters to be investing in than an ALSI40 bundle. ![]() I'd be taking on an additional layer of credit risk, as I'd now be exposed to credit risk of the ALSI40 companies, as well as to the credit risk of Standard Bank. Tax - do returns count as income (interest?) or capital gains? (sounds like it counts as interest for purposes of tax - consultant wasn't clear on it - they'll give you an IT3B). Giving up excess returns and the dividends is too high a price for me. I don't place a lot of value on a 2 year capital guarantee, as my investment horizon is some 50 years. (although it'll be different going forward). You lose out on the dividends, as the ALSI40 excludes dividends. OK, I wont be investing in this either (note that some of this writeup is based on a conversation with a Standard Bank consultant, who may not have had an intimate knowledge of the product): After doing a writeup on the Investec S&P500 Growth ESP, a reader asked me to share my thoughts on the Standard Bank SharePlus product. ![]()
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