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Author Topic: Live chat  (Read 2978237 times)

Patrick

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« Reply #3795 on: April 26, 2016, 11:27:52 am »
I guess there was a lot of money at stake, in the example with fees the investor only got R19m after 40 years, without fees it was R41m! So the provider stood to lose out R22m from just one individual...
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gcr

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Re: Live chat
« Reply #3796 on: April 26, 2016, 01:35:22 pm »
This whole saga with fees is not new - if you had what they euphemistically "old order" R.A.s' the same approach was adopted - the fees (and the insurance companies) ran away with a large chunk of your retirement funds. Also they used to charge additional fees when you extended the life of the RA which you could do in 5 year cycles to age 70. Mine I extended twice and each time the fees went up which eroded any capital gains. At age 65 I converted to a LA but not with the insurance company but a competitor and I railed about their poor performance and ethics and they ultimately transferred my LA without levying any transfer fees.
Since that day I have purged myself of any dealing with the main insurance business - no more big greens for me thanks
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Not everything that counts, can be counted, and, not everything that can be counted counts - Albert Einstein

Fawkes85

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Re: Live chat
« Reply #3797 on: April 27, 2016, 03:39:00 am »
Quote from: Patrick on April 26, 2016, 11:27:52 am
I guess there was a lot of money at stake, in the example with fees the investor only got R19m after 40 years, without fees it was R41m! So the provider stood to lose out R22m from just one individual...

That's mind-blowingly insane. So in other words they take more in fees than they give you in returns?
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Orca

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Re: Live chat
« Reply #3798 on: April 27, 2016, 08:25:00 pm »
Read that the 14+ area for the ZAR will have strong resistance but breaking this we could see 11.5
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Hamster

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Re: Live chat
« Reply #3799 on: April 28, 2016, 05:11:41 am »
Am I reading this correctly:

http://www.fin24.com/Economy/the-decline-of-the-rand-is-likely-to-continue-20160426?isapp=true

shared via News24

This company reckons the MSCI World Index (DBXWD) will fall to R14?!

I can't keep up with which way people are predicting the Rand/economy will go :( :p
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jaDEB

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« Reply #3800 on: April 28, 2016, 08:09:44 am »
Commodities doing nicy :)
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jaDEB

If it scares you, it's a sign you need to do it

jaDEB

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« Reply #3801 on: April 28, 2016, 08:10:16 am »
Apple not doing nicy :'(
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jaDEB

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Patrick

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« Reply #3802 on: April 28, 2016, 08:50:26 am »
All the experts giving differnt predictions for the rand. I think we need commodities to recover a fair amount and a new president before we'll see the 12's again, but if history is anything to go by, I know nothing!
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Samurai

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« Reply #3803 on: April 28, 2016, 08:58:48 am »
I think and pray that our hopes should rather be on commodities, politics is just show business for fat and ugly people.
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Samurai

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« Reply #3804 on: April 28, 2016, 08:59:48 am »
Shite reading what I just shouted, I should go into politics then :(
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Moneypenny

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« Reply #3805 on: April 28, 2016, 09:03:30 am »
Haha
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Q

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« Reply #3806 on: April 28, 2016, 11:08:03 am »
Anglo American raised $1.5 billion selling 2 mining businesses to China
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Patrick

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« Reply #3807 on: April 28, 2016, 11:44:26 am »
The High Court in Pretoria is expected to rule on Friday on the DA's application to have the decision to drop corruption charges against President Jacob Zuma reviewed.  The party said in a tweet that judgment would be handed down at 10:00.
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Orca

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Re: Live chat
« Reply #3808 on: April 28, 2016, 04:38:10 pm »
DIVTRX's market cap was stuck at R40m for months and over the past few weeks it has more than doubled.
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Samurai

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« Reply #3809 on: April 28, 2016, 05:42:59 pm »
Okay to the opening of mall of africa seems like a huge success, why did Attacq close 2.12% lower?
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