10x - anyone using them for RAs?

xrapidx

xrapidx

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As per title, I'm considering setting up a debit order with them - I currently have one with Investec, Allan Gray, Sygnia and Coronoation - Coronation now want me to fill in forms manually again - so - looking at going with someone else.

10x's site seems a bit limited on choice.
 
Last edited:
Do you mean 10x? They are very legit if that's the question
 
Ya....that one. Blame dyslexia

Search term is too short for Mybb
 
xrapidx said:
As per title, I'm considering setting up a debit order with them - I currently have one with Investec, Allan Gray, Sygnia and Coronoation - Coronation now want me to fill in forms manually again - so - looking at going with someone else.

10x's site seems a bit limited on choice.
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Quick question on this - what is the theory behind splitting your RA between 4 providers?
 
Speedster said:
Quick question on this - what is the theory behind splitting your RA between 4 providers?
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Different underlying funds, and approaches? All of the ones I've got have performed differently each year. e.g. This year, Sygnia is the only one breaking even. The previous year, my Allan Gray funds performed the best.
 
xrapidx said:
As per title, I'm considering setting up a debit order with them - I currently have one with Investec, Allan Gray, Sygnia and Coronoation - Coronation now want me to fill in forms manually again - so - looking at going with someone else.

10x's site seems a bit limited on choice.
Click to expand...

It is limited, but then again, what choice are you looking for?
 
xrapidx said:
Different underlying funds, and approaches? All of the ones I've got have performed differently each year. e.g. This year, Sygnia is the only one breaking even. The previous year, my Allan Gray funds performed the best.
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Pointless unless you're about to retire. You should take a long term view and not YoY.

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Also wouldn't touch 10x since they state their performance before their fees are off. No thanks.
Performance is before 10X's fee but after all other expenses.
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backstreetboy said:
Pointless unless you're about to retire. You should take a long term view and not YoY.

View attachment 871975

Also wouldn't touch 10x since they state their performance before their fees are off. No thanks.
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It was already explained why it has to be done liked that.

fire2029 said:
@backstreetboy - I know where you are coming from reg performance.
10x does show their performance net of management fees on their fund fact sheets. If you had discretionary investments with them, this is what you would get.

Unfortunately within your RA you are charged depending on the size of your individual RA. So additional fees are levied. Since these differ between individuals, these are not shown on their fund fact sheet. They are instead given in individual investor return statements.
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It's limited on choice on purpose and with intent.

Been with them for a couple of years now and very happy overall.
 
backstreetboy said:
Only useful if you want say two RA's at retirement so you can cash one out and keep one going.
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Also useful depending on the source of income and the different type of funds it belonged to previously.

Different rules for RA, Pension and Provident so you want to keep them in those collective baskets when moving them around.
 
backstreetboy said:
Only useful if you want say two RA's at retirement so you can cash one out and keep one going.
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I tend to disagree, my Investec vs Coronation vs Allan Gray have done quite differently over the long term. I'm glad I didn't just have a fund with Investec.
 
zerocool2009 said:
Think he means you can take R500 000 out (tax free)
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Also possible, but it would only be 33.3% of the RA. If 33.3% of the RA is less than R500 000, the rest will carry over to the next RAs retirement.

Anyway, I would prefer the flexibility of choosing when to retire a handful RAs as I see fit, over having everything in one RA.
 
xrapidx said:
I tend to disagree, my Investec vs Coronation vs Allan Gray have done quite differently over the long term. I'm glad I didn't just have a fund with Investec.
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You would would invest in active fund if you believe their fund manager can beat the index. However on average most fund managers cannot beat the index due to their fees and the index by definition being the average.
By splitting your investment across 4 different providers it would be unlikely that all 4 are going to beat the index and they will average out to below the index. (Due to their fees).

Therefore if you worried a single provider is going perform badly would it not make more sense to just buy the index with the lower fees then to purchase multiple RAs with different providers.

If it was not an RA I could understand if one provider had your property funds another one equities and a third bond etc. But with RAs each individual one has to be reg 28 compliant and would it would make that type of balancing difficult.
 
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