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Author Topic: Future plans - unit trust or jse  (Read 3992 times)

eugenes

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Future plans - unit trust or jse
« on: May 12, 2015, 01:04:31 pm »
Hi Guys im new to the forum

Ive been looking to invest in Alan gray or coronation ( balanced funds )
i have about R100 000 for a lump sum and could do about r7500 a month for a monthly debit order on a fund
now Ive been looking around for a few months and quite a few people have advised me with alan gray or coronation but to me
the fees seem rather expensive ? do you pay for the good service they offer of what ? Ive seen a company called Sygnia which only ask 0.4%
as to alan gray who ask 3% .

ive also been playing some jse share on my psg account ( small time ) and although ive not been spending much time on there ive left a few shares which didnt do so well.

would you guys i suggest continue with the shares or taking the money to invest in a unit trust fund. im really confused  :question:
I would really appreciate you're guys feedback.

Investment time horizon is 5years + ( in only 23 years old )

Thanks in advance

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Orca

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Re: Future plans - unit trust or jse
« Reply #1 on: May 12, 2015, 02:49:19 pm »
People don't like giving advice as to what you should do with your money. Most people have their own "good" advice but so far the consensus here has been to invest in SATRIX. Much cheaper than UT's and the STXIND has beaten most fund managers for many years.
Now is a good time to get into STXIND as it has just corrected (hopefully).
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I started here with nothing and still have most of it left.

Moneypenny

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Re: Future plans - unit trust or jse
« Reply #2 on: May 12, 2015, 02:58:40 pm »
Hallo eugenes, :) you can also use 'search' tab on forum home page to look for UT's to pick up on previous posts and opinions.
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Mr_Dividend

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Re: Future plans - unit trust or jse
« Reply #3 on: May 12, 2015, 03:31:17 pm »
For me, because of your age, would go 100% equities and not bother with bonds, and certainly not cash. I would use 30K in a tax free account.  And next year put 2.5k in every month. Look up TFSA (tax free saving account in this forum)

For the rest, I would look at a mix of ETF's - maybe a UT or two if they really appealed - but I hate management fee's. But spread your money around. Investing should not be boring - have fun with it.

Have you started an RA? If not, I would look into it. i understand Sanlam has one that has 75% equities and 25% listed property
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Pluto

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Re: Future plans - unit trust or jse
« Reply #4 on: May 13, 2015, 05:27:31 pm »
Check out this link Eugenes, Patrick posted it in another topic. ( Just saw he wrote it too :) )

http://investorchallenge.co.za/lets-all-be-guilty-of-tax-avoidance/

He's done all the homework, comparing fees, explaining tax, and since you're only 23 you fit perfectly into his scenario in the article.

Quote
So go make use of these tax avoidance schemes, someone earning R300k a year can currently put 15% or R45k into a retirement fund, and R30k into a TFSA. That’s 25% of their gross salary going into funds that to help you screw the taxman. Do it! That 25% alone will give you the ability to retire without dropping your lifestyle one bit after 33 years, so if you start doing this at 22 you can retire relatively young at 55.
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