10x - anyone using them for RAs?

[Sideshow Bob]

2. ??? So what am I going to do in the case of Allan Gray, Investec, Synia or even 10x where all the instructions were done via their website

There is a legal obligation to keep electronic records for X number of years but I came across a case where a customer escalated via ombud as he challenged his debit order instruction 9 years ago. And, those documents were found eventually.

 

[BTTB]

Hi

This reads a lot like "I want to actively manage my portfolio/be an active trader/speculate but it's stressing me out and requires some work I'm not willing to do." Have you considered just... not? No sarcasm here, genuinely. Have you considered setting an investment plan, implementing it and then going on with your life with an annual rebalance and a news diet? I think it would make the world of a difference. Your current approach sounds like a headache.

Yes, it is a bit of a headache figuratively speaking, been trading my RA through a share portfolio for 10 years to limited success. Now that I have a few tee shirts in the do's and don'ts department my personal convictions or mojo as I put it has waned. Possibly bored with it, albeit the earlier March crash rewet my appetite, but those opportunities don't come around often.

So I'm still 100% in cash in my Personal Share Portfolio and will remain so at least until the end of this year, by then the effect of COVID on the economy should be clearer and the US Elections will be over.
If we have a correction between now and then I have one or two shares in the TOP 40 I am looking at for a short term position.

I have looked at some of the recommendations here and other threads in regards to RA's with low costs with a set and forget it variety and the Skeleton Option from Sygnia keeps popping up.

It may not be a clear strategy right now but I am not putting my capital at risk.

My last sentiment is that I am pessimistic about South African Equities and if my tee shirts have taught me anything, its usually the time to go all in, just not sure what sector or sectors yet.

Thanks for your comments in this thread, your replies are detailed, clear and precise.
I'll definitely take your advice on setting a less stressful clear strategy going forward.

 

[Mylky]

Hi

Yes, it is a bit of a headache figuratively speaking, been trading my RA through a share portfolio for 10 years to limited success. Now that I have a few tee shirts in the do's and don'ts department my personal convictions or mojo as I put it has waned. Possibly bored with it, albeit the earlier March crash rewet my appetite, but those opportunities don't come around often.

So I'm still 100% in cash in my Personal Share Portfolio and will remain so at least until the end of this year, by then the effect of COVID on the economy should be clearer and the US Elections will be over.
If we have a correction between now and then I have one or two shares in the TOP 40 I am looking at for a short term position.

I have looked at some of the recommendations here and other threads in regards to RA's with low costs with a set and forget it variety and the Skeleton Option from Sygnia keeps popping up.

It may not be a clear strategy right now but I am not putting my capital at risk.

My last sentiment is that I am pessimistic about South African Equities and if my tee shirts have taught me anything, its usually the time to go all in, just not sure what sector or sectors yet.

Thanks for your comments in this thread, your replies are detailed, clear and precise.
I'll definitely take your advice on setting a less stressful clear strategy going forward.

This was so nice to read. I'm glad you found my posts useful. I was worried they were too detailed.

As much as I'm not personally a fan of market timing, I'll never put someone down for knowing their own personal risk tolerance. If you're more comfortable in cash and you have weighed and accepted to tradeoffs, you're doing what makes sense in your situation. That's all anyone can do. Hopefully a clearer longterm plan will form as you gain some distance from the volatile emotional rollarcoaster that is 2020.

I just want to say that it's completely reasonable to be pessimistic about SA equities. About currencies. About the world. Don't ever let anyone tell you otherwise. It's just a question of the basis of that pessimism, recognizing confirmation bias and working to figure out what you're going to do about your conclusions moving forward. I have no doubt you'll figure something out that makes sense for you and your family. All the best hey!