10x Retirement Annuities

[InTheWild]

Hi there,

I would like to find out if anyone is using 10x for their RA and what the feedback is? Just wondering if their safe to use as they are pretty new to the game.

Thanks!

 

[Necuno]

No.

 

[semaphore]

I'm looking at using them next year.

 

[InTheWild]

I'm looking at using them next year.

Yeah, I watched the seminar they hosted. And to be honest they look pretty sorted. Even government finance adviser speaking and really putting the focus on getting lower fees where 10x and Sygnia really provide good value.

 

[Necuno]

Just check the join and yearly fee...

 

[InTheWild]

No.

Thanks for the descriptive answer!

 

[InTheWild]

Just check the join and yearly fee...

Looks like there is no join fee.. quote from their site: "You do not incur fees when you join the fund, when you resign or retire from the fund, or when you transfer your investment to or from the fund."

And then its 0.9% management fee and 0.2% trade fee max.

 

[semaphore]

Yeah, I watched the seminar they hosted. And to be honest they look pretty sorted. Even government finance adviser speaking and really putting the focus on getting lower fees where 10x and Sygnia really provide good value.

Yep, i believe supersunbird invests with them.

 

[Necuno]

Thanks for the descriptive answer!

For obvious reasons I can say whom I with

 

[semaphore]

For obvious reasons I can say whom I with

You only made it obvious with that statement, otherwise someone would not actually know you work for one of them.

 

[Necuno]

You only made it obvious with that statement, otherwise someone would not actually know you work for one of them.

** lewks around **

No still with firm who does Development / IT

That kind of job is not something I would like to do :erm:

 

[semaphore]

** lewks around **

No still with firm who does Development / IT

That kind of job is not something I would like to do :erm:

So then i fail to understand the obvious reason point then. Unless you write software for said firm.

 

[Necuno]

So then i fail to understand the obvious reason point then. Unless you write software for said firm.

No. PM me for more...

 

[Verde]

Check out Sygnia. They are cheaper and their RA product is more flexible.
http://www.sygnia.co.za/collective-investments/product-options/sygnia-retirement-annuity-fund/

I especially like their Skeleton Balanced 70 Fund for young people starting a retirement investing plan.

 

[supersunbird]

Without a PC at work at the moment, will reply tonight. But in short they are not that new. My 6000+ employee employer has our provident funds with them.

Sygnia also good, but are differences between their offerings which I'll expand upon tonight.

 

[InTheWild]

Without a PC at work at the moment, will reply tonight. But in short they are not that new. My 6000+ employee employer has our provident funds with them.

Sygnia also good, but are differences between their offerings which I'll expand upon tonight.

Thanks.. would be really interesting

 

[the eskimo]

I have a 10x RA for my "second" income where no retirement deductions are made. Their user interface to view investment value, change debit order etc isn't the best looking out there, but I'd rather they keep my fees as low as they are than up the fees and give me a better user interface.

 

[Freaksta]

I have used them for about 2 year. Know numerous people who have joined!

 

[InTheWild]

Check out Sygnia. They are cheaper and their RA product is more flexible.
http://www.sygnia.co.za/collective-investments/product-options/sygnia-retirement-annuity-fund/

I especially like their Skeleton Balanced 70 Fund for young people starting a retirement investing plan.

I must say I do like Sygnia! Listened to a podcast also with Bruce from 702 speaking to the CEO. And at 0.4% it does seem like a great option.

 

[^^vampire^^]

I've got a 10x and Sygnia RA - decent returns and low fees.
Also opened with Allan Gray and Coronation because their performance is always good.