Show Posts
This section allows you to view all posts made by this member. Note that you can only see posts made in areas you currently have access to.
The talk lately has been about ETF'f and other index funds. There are other great stocks out there that one must add for some alpha like this one. Here is a 3 year chart of ADI vs STXIND.
Index funds are great but will not produce the growth that you want. You have to add some alpha stocks to it as well.
Hang in there and do not stop posting.
I think, at the very least, I take comfort in knowing that a handful of people get a good giggle first thing in the morning with their coffee. I'm nice like that.
They should have told you that last year, not now that the markets / China / Oil / LON - frikkin everything is down.Yes, around April would have been nice. They could have also mentioned that we'd want to convert our rand to dollars
yes looking glass would have been great.
My big balls up last year - new investor jitters - when China gave issues in August i decided to pull all investments. then 10 days later to reinvest in the same shares.
keeping track of both portfolios before and after sell - currently sitting at 60k loss
where is that time machine
They are a bit new on the market, but the Sygnia Skeleton 40 to 70 index funds is reg.28 compliant, and only has 0.4% fee's.
http://www.sygnia.co.za/wp-content/uploads/2015/11/Sygnia-Boutique-Fund-and-Fee-Summary-Nov-15.pdf
http://www.sygnia.co.za/wp-content/uploads/2015/11/2015-OCT-SKL70UPF-Sygnia-Skeleton-70-Fund-UPF.pdf
But yes difficult to determine who they are investing in. Hope they add it to their Fact Sheet soon
You also need to look at the fees that you will be hit with should you decide to extend the "life" of your RA. I had what was called an old order RA which I took out at age 32 and contributed until age 55, then extended the life of it to age 60 and then to age 65 - fees were levied to extend the life each time. When I wanted to extend to age 70 the fees would have gone up by a further 4.5% so I had it converted to a LA with the regulatory minimum draw down of 2.5%. Two things I have learnt about RA's - the fees were/are exceedingly high and the internal rate of return is pretty pedestrian. If ETF were available 36 years ago I would definitely have gone that route, the old order RA's were/are an absolute cash cow for the insurance company peddlers
Supposedly the new order RA's are better but would I advocate them - no not really because in 30 years time one may well find that there are some serious deficiencies with them, as there have been with the old order products
