Financial advisor recommendation

[s0lar]

Anybody recommend me a good advisor. Some who I could have a video call with as I am out of SA. But looking for some who knows investment in SA as I already have an advisor here.

 

[Grubscrew]

I like my current guy, he is independent, he listens to me, give his opinion or advice and charges me for his time or if my needs can be met by a product, he offers then he takes his commission from that. Found his rates and fees very reasonable.

 

[BadBoyGP]

What type of investments.

We do crypto arbitrage, the company is called Future Forex

 

[Snyper564]

What type of investments.

We do crypto arbitrage, the company is called Future Forex

Need a decent amount of money today arb nothing short of 250-500k min and also the tccs are taking forever and a day at the moment. Money to be made yes but not like the good ol days.

 

[LazyLion]

Absolute Wealth Management |

absolutwm.co.za

 

[BadBoyGP]

Need a decent amount of money today arb nothing short of 250-500k min and also the tccs are taking forever and a day at the moment. Money to be made yes but not like the good ol days.

Min 200k to see about R10k a month

 

[Snyper564]

Min 200k to see about R10k a month

It's all percent based. Ppl who dont understand arb won't understand this.

Also if you only have 200k it's not going to be 10k a month for a whole year might only be a few months. You will never hit your 11m allowance per year with that small amount of capital.

 

[BadBoyGP]

It's all percent based. Ppl who dont understand arb won't understand this.

Also if you only have 200k it's not going to be 10k a month for a whole year might only be a few months. You will never hit your 11m allowance per year with that small amount of capital.

We hit the 11 mil allowance with 200k, it 55 trades a year.

It's up and down but we get about 100-150k a year.

But remember income tax

 

[Snyper564]

We hit the 11 mil allowance with 200k, it 55 trades a year.

It's up and down but we get about 100-150k a year.

But remember income tax

Oh 100% been doing it for many many years.

 

[BadBoyGP]

Sure..

We doing around 2000 clients a year.

 

[Snyper564]

Sure..

We doing around 2000 clients a year.

It's all good you guys come highly recommended in the space.

But as I said it's a far cry now from when we were doing 8-30% a day. But still great returns.

 

[RonSwanson]

It's all percent based. Ppl who dont understand arb won't understand this.

Also if you only have 200k it's not going to be 10k a month for a whole year might only be a few months. You will never hit your 11m allowance per year with that small amount of capital.

So what's an optimal amount of capital?

 

[Snyper564]

So what's an optimal amount of capital?

Depends on what you gave access to.

500k-1m good sweet spot if you have access to that amount of cash.

But reality is the more you have access to the fast you can do a cycle. And if you married 2x that

 

[RonSwanson]

Depends on what you gave access to.

500k-1m good sweet spot if you have access to that amount of cash.

But reality is the more you have access to the fast you can do a cycle. And if you married 2x that.

Cool.
So using the calculator at Future Forex, if I give them 500K, assuming two trades per week, over a period of 4 weeks I can expect between 13.7 % and 17.2 % returns, per month after fees?

Sounds great, if true then people should be dipping into their homeloans...

Edit: Until it's tax return time of course, SARS will take its chunk of the profits... but even if its 50% it's still pretty much better than any other investment.

 

[BadBoyGP]

Cool.
So using the calculator at Future Forex, if I give them 500K, assuming two trades per week, over a period of 4 weeks I can expect between 13.7 % and 17.2 % returns, per month after fees?

Sounds great, if true then people should be dipping into their homeloans...

That's conservative.

And yes most clients dip into bonds/access loans

 

[BadBoyGP]

It's all good you guys come highly recommended in the space.

But as I said it's a far cry now from when we were doing 8-30% a day. But still great returns.

When we were doing for ourselves 7 years ago, 15% was average.

 

[RonSwanson]

That's conservative.

And yes most clients dip into bonds/access loans

Do it for 6 months and you wont need to dip into the bond anymore, just re-invest the profits. What's not to love

 

[RonSwanson]

So basically if I have 1 million in cash, I can trade for around 6-7 months before I reach my 11 million SARS cap?

Edit: KKK, I see the calculator only gives it 6 weeks, assuming 2 trades per week.

So what is the average amount of trades per week?

 

[BadBoyGP]

So basically if I have 1 million in cash, I can trade for around 6-7 months before I reach my 11 million SARS cap?

Edit: KKK, I see the calculator only gives it 6 weeks, assuming 2 trades per week.

So what is the average amount of trades per week?

We can do 2 trades a week.

Depends on the spread and you profit lower limit.
Pm me we can chat better

 

[Rumple4skin]

We can do 2 trades a week.

Depends on the spread and you profit lower limit.
Pm me we can chat better

Says only SA residents can invest. No way around that? I don't live in SA.