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Shares / My investment/retirement plan moving forward - 27 Year Old
« on: May 24, 2016, 11:43:44 am »
Hi Everyone
Have been really enjoying the knowledge on this forum since signing up and would appreciate anyone's feedback.
Back in 2010 when I started working at my first (real 9 to 5) job after uni I started to invest in the PSG Flexible fund, lumpsum/regular monthly recurring payments. To date this has grown to just shy of 200k. Also have a RA at Allan Gray and recently started purchasing ETFs on the Absa Stock platform. Buying the following: CSEW40 (25%) / DIVTRX (15%) / PTXTEN (15%) / DBXWD(45%), each month since the start of 2016, this seems to be the best option to save on fees. What are your thoughts of this ETF basket?
My plan going forward would be to max out my RA first then top up my tax free savings account until I reach the cap of R30k, and then invest in pure equity funds, however the fees are ridiculous these days. (thanks to erwintwr's financial independence calculator - http://shareforum.co.za/shares/tfsa-vs-ra-vs-satrix-calculator/ )
Furthermore should I be buying ETFs or go for one of the Sygnia products, perhaps the " SYGNIA SIGNATURE 70 FUND " at CPI +7%? Was also looking at the option of moving R30 K out of my PSG fund each year and investing that in the tax free savings account. Or should I use this as a property down payment, however I will then have to pay CGT. If I withdraw less than R40k per year I will not be triggering CGT, is this assumption correct?
The other option would be to move my PSG investment in to three different equity funds: foord equity fund, 36One Equity fund and leave the remaining 1/3 in the PSG fund.
Currently renting and I have started to investigate the option of possibly purchasing a property, what are you thoughts on property as this would not really be an investment, more a lifestyle asset. However with the interest rate hikes and possible down grade was wondering if this would not be the correct time, cheaper/safer to rent at this point in time. Maybe hold out and get the property cheaper after down grade etc?
Pleased to hear your thoughts/advice.
Thanks in advance
Have been really enjoying the knowledge on this forum since signing up and would appreciate anyone's feedback.
Back in 2010 when I started working at my first (real 9 to 5) job after uni I started to invest in the PSG Flexible fund, lumpsum/regular monthly recurring payments. To date this has grown to just shy of 200k. Also have a RA at Allan Gray and recently started purchasing ETFs on the Absa Stock platform. Buying the following: CSEW40 (25%) / DIVTRX (15%) / PTXTEN (15%) / DBXWD(45%), each month since the start of 2016, this seems to be the best option to save on fees. What are your thoughts of this ETF basket?
My plan going forward would be to max out my RA first then top up my tax free savings account until I reach the cap of R30k, and then invest in pure equity funds, however the fees are ridiculous these days. (thanks to erwintwr's financial independence calculator - http://shareforum.co.za/shares/tfsa-vs-ra-vs-satrix-calculator/ )
Furthermore should I be buying ETFs or go for one of the Sygnia products, perhaps the " SYGNIA SIGNATURE 70 FUND " at CPI +7%? Was also looking at the option of moving R30 K out of my PSG fund each year and investing that in the tax free savings account. Or should I use this as a property down payment, however I will then have to pay CGT. If I withdraw less than R40k per year I will not be triggering CGT, is this assumption correct?
The other option would be to move my PSG investment in to three different equity funds: foord equity fund, 36One Equity fund and leave the remaining 1/3 in the PSG fund.
Currently renting and I have started to investigate the option of possibly purchasing a property, what are you thoughts on property as this would not really be an investment, more a lifestyle asset. However with the interest rate hikes and possible down grade was wondering if this would not be the correct time, cheaper/safer to rent at this point in time. Maybe hold out and get the property cheaper after down grade etc?
Pleased to hear your thoughts/advice.
Thanks in advance