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Author Topic: Satrix Indi  (Read 29661 times)

Fabu20

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Satrix Indi
« on: February 12, 2019, 02:37:03 am »
Hey guys, this is my first post on this forum.
I'm a complete newbie on this road of investing by myself.
I currently have a TFSA with a fund manager that I'm going to close and move over to Easy Equities. I also have another mutual fund with Allan Gray. I have become much wiser the last couple of weeks regarding the fees that I pay.

As many have mentioned, one should try and get into the funds when they are low. It seems that the Satrix Indi would be a good buy right now if I'm not mistaken. I have searched the forum regarding the Satrix Indi, but most of the info and posts related to it are more than 4 years old. Many people have mentioned that it is one of the best passive funds to be invested in. It has taken quite a dip since 2017, but this is true for the whole market in general. Does it still hold true today or are there better options?

Thanks.

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gcr

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Re: Satrix Indi
« Reply #1 on: February 12, 2019, 09:28:23 am »
Its probably reasonable to buy into our market at present but may become even better as the old favorite Eskom and its blackouts start to bite. They predict (which is an oxymoron) that blackouts will continue to April this year - with winter coming through in May to August the blackouts will continue beyond April. It may be prudent to purchase in smaller parcels into something like STXIND over the next couple of months. Seems that this morning a number of my retail shares have recovered some of their recent losses but this might be short lived especially if manufacturers are compromised in RSA through black outs and are forced to dispose of product. I would also expect foodstuffs to increase in price as manufacturers start using generators to keep equipment running - production of product and refrigeration for other foodstuffs - RSA not a happy place to be in currently financially and economically
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Orca

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Re: Satrix Indi
« Reply #2 on: February 12, 2019, 11:58:30 am »
STXIND was for many many years the best performing ETF on the market and was always the first to recover after a correction or a bear market.

For the past 5 years the SA market has been negative to flat and almost impossible to pick winners without a gamble. Investing in the INDI now may not be a good idea as industrials will be the hardest hit with the problems at ESKOM and even more so with winter looming.

Should ESKOM sort its maintenance problems out and the markets recover I would be the first to switch to the INDI. When the economy improves industrials will be the first to benefit and improve it will before 2020 and emerging markets like SA would be the place to be.
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Fabu20

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Re: Satrix Indi
« Reply #3 on: February 12, 2019, 12:37:15 pm »
That’s very informative. Thanks. If Ramaphosa goes ahead and and dissambles Eskom into 3 parts that might be a good thing. What other suggestions do you have then? Satrix World? Or perhaps the Satrix Nasdaq or Satrix S&P 500?


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gcr

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Re: Satrix Indi
« Reply #4 on: February 12, 2019, 01:25:53 pm »
I have put 2 of the above ETF into my TFSA
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Fabu20

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Re: Satrix Indi
« Reply #5 on: February 12, 2019, 01:38:19 pm »
Quote from: gcr on February 12, 2019, 01:25:53 pm
I have put 2 of the above ETF into my TFSA

How will this affect the tax? I read somewhere on the forum (If I remember correctly), that you get taxed on offshore funds in your TFSA? Are the Satrix S&P and Satrix Nasdaq seen as offshore? 
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Patrick

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Re: Satrix Indi
« Reply #6 on: February 13, 2019, 09:09:23 am »
I buy the satrix world feeder fund as my offshore. It's based in Ireland so it uses it's double tax agreements to minimize tax. The only tax paid is internal to the fund, and it's not enough to worry me. If you held it externally there would be up to 20% more tax added through dividends and CGT at some point.
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