5776
DRD 12.00 cents - LDT: 11 Mar 2016
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5786
The Investor Challenge / Re: Anonymous needs advice
« on: February 18, 2016, 01:13:14 pm »"I won't ask jaDEB because he might suggest putting it all into one share or onto the roulette wheel"
Believe it or not, I would suggest if it is "3,3m" she should go and see 2 independent financial advisor, and actual pay a small fee for good advice. That is how I feel about people that is at retirement phase, I would want her to have a good, no stress years ahead.
Or of course she can buy NPN
You know I was kidding right? I had a feeling you'd be rather prudent for someone at that stage of life, but your advice of seeing two independent advisers is an excellent one. How do you make sure they're proper advisers, and not just product salesman. The only one I know of is Warren Ingram? Perhaps his company, Galileo Capital, might be a good place to find another.
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Only 7 working days left to max out your tax free savings account. If you haven't put R30k into it (for each of your family members) make sure you do, even if it means selling your regular holdings. ABSA stockbrokers and Easy Equities are the cheapest providers around.
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The Investor Challenge / Re: Anonymous needs advice
« on: February 18, 2016, 08:44:26 am »
Good feedback so far, I was hoping our (very different) retirees would pop in. Orca you're retired too, any thoughts? I won't ask jaDEB because he might suggest putting it all into one share or onto the roulette wheel 
I have some more info from the sender
I have some more info from the sender
Quote
From a rough budget that has been done it appears that R10k would be the monthly amount needed to cover:
Accommodation
Medical Aid
Gap cover
Insurance
Car running costs
Food
Personal items
Plus a small discretionary surplus
and Tax (my calculations after deductibles show close to breakeven for full tax year)
My rough calculations are as follows:
Assumptions
Investment Draw Per Annum Per Month
Annuity 2000000,00 4,00% 80000,00 6666,67
Deferred 375000,00 4,00% 15000,00 1250,00
95000,00 7916,67
Yield per annum Per Annum Per Month
Other?? 900000,00 7,50% 67500,00 5625,00
7 day a/c 100000,00 6,35% 6350,00 529,17
73850,00 6154,17
The Pension is currently with Sanlam (Her company's choice for staff) but split in (I believe) two different investments of her choice.
The question really is :
- Should one leave it at Sanlam (Life or Living annuity) or move it elsewhere to reduce costs (to the best of my knowledge Sanlam insist on a financial advisor and charge admin fees)
- Where to put the R900K (R1mil-R100K)
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This seems like a pretty accurate view of what was going on in December. seems we have a fight on between two very wealthy families: http://m.fin24.com/fin24/BizNews/named-van-rooyens-two-gupta-advisors-who-almost-hijacked-sa-treasury-20160215