Thanks for your concern, but this is actually my wife's RA. Toys were thrown from here to Timbuktu when she discovered the initial (Covid-19) losses some months ago. Broker got shat upon, investment got section 14'ed, toys were recovered. Let's just say that, for the time being, if one values one's life in this household at the moment, one does not mention "RA"....Capisch?
yeah, thats sounds like a good idea, i have absa bonds, paid off but the bonds are open, can use that money however i like. Will look into it.
Yep, there is a person actively looking at your investment so they charge for that and a bunch of other admin.
One uninformed decision and it will take you years to make up the losses. Do not blame Liberty, blame the markets. I can assure you that in the current climate you will not do better at Allan Grey or Sygnia.
I know the markets are not good, but i disagree that i wouldn't be better off, just on the fees alone, is already an improvement.
Lol what complete drivel. Sygnia Skeleton 70 is up 4.9% this year so far.
Yes, others have shown similar growth over the past few months but that was from a very low base. It was merely a partial recovery from the past two year's losses. Read a little bit wider and you will not make a fool of yourself by accusing others of talking drivel
What recommendations would you give? Take my gf's investment for instance, 10 years long, if she put the money under her mattress she would have about 40% more than what there is now. Her fees are crazy high.
All 3 are long term funds, right? I reckon over a 10 year period, they would do generally be in the same ballpark. Also, Sygnia 70 is recent compared to other 2. Coronation balanced launch year 96, AG balanced launch year 99, sygnia 2013.
You did notice that I said over the past few months, did you? Look at the growth over the past three months in your table and you will see what I have been talking about.
Sorry, I am not qualified to give financial advice. But, what I can tell you is that on such a long term investment as a RA, you leave it where it is and you never mess around with it. At most you can stop your monthly contributions but you never move the money about.
Yeah keep paying that excessively high fees and get subpar performance.
Hi guys
My girlfriend and I are relooking at our RA's with Liberty, we are juniors in this, please bear with this. My girlfriend has been paying R1200 toward her RA for the last 10 years, if I do the math, thats around R144000 cash, but looking at her investment statement, the total investment value is only R102 000, what i miss? The advisor says its long term but if you losing money over 10 years, that's a red light right?
We also started paying more attention to fees, her fees look ridiculously high compared to what I have seen on google.
1 year is 4.1%, 3 years is 4.1%, 5 years is 4.0, and term to maturity 30 years 4 months is 3.6% taken from EAC document.
My liberty ra has the same sort of view, I have been in it for 4 years, and my investment values is pretty much what I put in and my fees are also very high at 3.2%, I am assured however that this all looks good.
These are the funds we are invested in:
RA Allan Gray Balanced
RA LA Excel MM Mod
RA Coronation Balanced Plus
RA Excelsior MM Mod Aggressive
RA Coronation Capital Plus
RA Investec Managed
RA LA Excel CPI Plus
Do you guys think that I am panicking unnecessarily?
If not, how can I move away from Liberty, I am not sure what options there are and how to approach this because I don't feel Ican trust the advisors we currently have, I have been googling alot and am hoping to get more info here.
I was thinking of maybe moving to Sygnia and/or 10X, any other suggestions welcome.
From what I read on google, Coronation and Allan Gray should be fine to keep? but even so, i think i would rather manage that on my own to cut the fees. So am wondering how to get away from Liberty without losing more money as it seems.
Even on 10 years you must not have less than you put in. Reason for that situation is the fees that OPs GF is paying, changes must me made now, not later.
