10x - anyone using them for RAs?

sloe-joe said:
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.
Click to expand...

Another thing to consider, not all the providers have the “cool” funds.
 
Looks like this 10x thing will be very short lived. I logged on and the transaction section doesn't show transactions - sent them an email - and they've just responded that you can't see transactions, only the total amount of units held.

Waiting for final confirmation - but if that's the case - cancelling the debit order.
 
Just post it on social media, that what I did when it realised the address on my tax certificate from SA Home Loans was wrong (a non existent address) and the guy I got over the telephone insisted I must prove I own the property at the address for him to change it (to the address of the unit as in the home loan). I had insisted the employee I had reached over the phone be reeducated to not insist on nonsensical things.

ABSA gave me money after an employee phoned me and said I am in arrears and must pay up, while I was paid years in advance. Sometimes you get monkeys that fooled their way into places of employment that don't know what they are doing.
 
supersunbird said:
Just post it on social media, that what I did when it realised the address on my tax certificate from SA Home Loans was wrong (a non existent address) and the guy I got over the telephone insisted I must prove I own the property at the address for him to change it (to the address of the unit as in the home loan). I had insisted the employee I had reached over the phone be reeducated to not insist on nonsensical things.

ABSA gave me money after an employee phoned me and said I am in arrears and must pay up, while I was paid years in advance. Sometimes you get monkeys that fooled their way into places of employment that don't know what they are doing.
Click to expand...

That's where I checked, it only shows the rand value of the transaction - so if you have a debit order, you can't see the monthly units bought.
e.g August 43units @ R20
September 42@ R23

etc
 
Anyone know the tax implications of removing funds from a RA under 7k? I now want to remove the money to another RA.
 
xrapidx said:
That's where I checked, it only shows the rand value of the transaction - so if you have a debit order, you can't see the monthly units bought.
e.g August 43units @ R20
September 42@ R23

etc
Click to expand...

Ah, so it does show a transaction, just not the units bought by the transaction? You made it sound like no transaction is showing.
 
supersunbird said:
Ah, so it does show a transaction, just not the unit bought by the transaction? You made it sound like no transaction is showing.
Click to expand...

Displaying just a debit order amount is not displaying transactions. I already know the debit order amount.

supersunbird said:
Why do you want to remove it and not just move it?
Click to expand...

Answered above. A section 14 transfer takes months, and tons of paper work.

But - looking at the way these guys answer questions, and peoples feedback on facebook - definetly going to do it if no other way
 
Pegasus said:
If you are talking about investing in multiple actively managed funds, then that is pointless.
You are paying high fees (Probably 3% to 5 %) and by combining them, you are getting a market average return.

Rather pick one good actively managed fund, or one or more passively managed funds costing you under 1%.
Click to expand...

Not doing this again.

If that was true, all of the different funds I've got would be pretty much the same value - which they're not.
 
xrapidx said:
That's where I checked, it only shows the rand value of the transaction - so if you have a debit order, you can't see the monthly units bought.
e.g August 43units @ R20
September 42@ R23

etc
Click to expand...

I have a lump sum investment with them. reinvestments also only show a total amount. when I contacted them about it, they said I could email them each time there was a reinvestment for a breakdown of the number of new units and the price. Not a good model at all.
 
Sorry to interject on someone else's thread.

I have 2 RA's at the moment.
Liberty Agile and a Personal Share Portfolio (managed by PSH, admin by Momentum)
Age 55, not retiring any time soon.

I'm 100% in cash within my share portfolio,

My question is about the Share Portfolio. I have lost my conviction to manage it any further. The guys at PSG aren't proactive, meaning they will help but its a your choice to choose and contact them etc.
Traded DRD, SOL and ANH since March and brought the position up by 50%, having also sold off all the junk shares I had.
Now I have lost my mojo and I don't see anything I would want to buy on the JSE. Sitting in cash earning a few % which the JSE also takes a piece of with their Trustee Fees (ridiculous).

My options are.
1. Hope and hold for a huge pull back and apply the cash to a TOP 40 oversold share.
2. Transfer cash to my existing Liberty Agile and get on with my life.
 
BTTB said:
Sorry to interject on someone else's thread.

I have 2 RA's at the moment.
Liberty Agile and a Personal Share Portfolio (managed by PSH, admin by Momentum)
Age 55, not retiring any time soon.

I'm 100% in cash within my share portfolio,

My question is about the Share Portfolio. I have lost my conviction to manage it any further. The guys at PSG aren't proactive, meaning they will help but its a your choice to choose and contact them etc.
Traded DRD, SOL and ANH since March and brought the position up by 50%, having also sold off all the junk shares I had.
Now I have lost my mojo and I don't see anything I would want to buy on the JSE. Sitting in cash earning a few % which the JSE also takes a piece of with their Trustee Fees (ridiculous).

My options are.
1. Hope and hold for a huge pull back and apply the cash to a TOP 40 oversold share.
2. Transfer cash to my existing Liberty Agile and get on with my life.
Click to expand...

I don't mind the intejection, my question has been answered - but I think your post warrants an entire thread, it could be a long one.

Personally, I'm very close to stopping all retirement contributions - the way the government is going, long term I can't see the tax benefit outweighing the interference cost.

I think locally, markets will probably recover somewhat.
 
xrapidx said:
I don't mind the intejection, my question has been answered - but I think your post warrants an entire thread, it could be a long one.

Personally, I'm very close to stopping all retirement contributions - the way the government is going, long term I can't see the tax benefit outweighing the interference cost.

I think locally, markets will probably recover somewhat.
Click to expand...
While I believe the country is in the poo financially, opportunities however will arise and I agree some of the local shares have been hammered. But true to the investment world, there is nothing stopping locally listed shares going down even more and getting even cheaper.
I sold out of my Banking Shares and notice ABG is back to its March lows and far from its high 2 years ago, PPC has been pummelled and looking for a rights offer again, PIK is back to where it was 6 years ago, DCP has halved in 2 years, WHL is back to around where it was 10 years ago and if anyone can recall it touched 1000 in 2008.

You always hear about time in the market, not timing the market and diversified portfolios?
I did that for 10 years with my PSP, it made nothing. OK I bought a few rubbish shares too, but I made more money since March going all in with the right share, I find sector rotation instead of a spread across all sectors (diversified) is a catch 22, for example Banks will go up, retailers down, resources will track sideways and you look at the total value of your portfolio, its the stays the same, while fees eat away your miniscule gains.

12 years ago, I got all riled up and did a Section 14 on my Old Mutual Smooth Bonus RA, based on its performance and costs vs other financial houses like Coronation, Allan Gray who were shooting the lights out at the time.
Possibly a big mistake as Old Mutual offered to convert the smooth bonus RA to their new generation products. I lost 20% to Old Mutual at the time and to this day I will never trust them with my money.

I suppose I'm just in two minds to give my cash pile to Liberty Agile and be done with the PSP.
I have lost my mojo. Trying to make real money in this market is very speculative, maybe the Regulation 28 wrapper might save and lock in my gains. Given also that I would need the money in about 10 years time when I am 65.
 
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10x website is absolutely unbelievable. Took me approx 5-7 minutes to complete application (and upload/sign documents) and I could login immediately after that. Of course, today being non-working day, they will only process it next week but this seems quite interesting.
 
xrapidx said:
Displaying just a debit order amount is not displaying transactions. I already know the debit order amount.



Answered above. A section 14 transfer takes months, and tons of paper work.

But - looking at the way these guys answer questions, and peoples feedback on facebook - definetly going to do it if no other way
Click to expand...
sygnia so far has been great for this. I contacted them and wanted to move my funds from Ninety-One over to them and I completed 1 form, letter of intent sent it off. They are handling the entire matter now but keep me copied on all correspondence.
 
xrapidx said:
I don't mind the intejection, my question has been answered - but I think your post warrants an entire thread, it could be a long one.

Personally, I'm very close to stopping all retirement contributions - the way the government is going, long term I can't see the tax benefit outweighing the interference cost.

I think locally, markets will probably recover somewhat.
Click to expand...
eventually, from what I read, they only expecting recovery to really happen by 2023.. but remember thats based on status quo, with the amount of scandals/corruption etc it may even further than that potentially.
 
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