Preservation Fund 101

[Corlius]

I have a little bit of money saved up from my company pension fund, and starting a new job soon (provident fund) - I have limited knowledge of preservation type products, and hoping someone could give me a 101 on what to look for. (I have around 20-25 years till retirement)

Is it worthwhile paying 1-1.5% for financial advice annually, and does it really make THAT BIG a difference considering most of the funds they are investing in is managed funds anyway?

I don't intend stepping on anyone's toes, just wanting to understand where and how I will get the best value for money, without jeopardising what I should be living off in years to come

Thanks!

 

[jman]

Yes, that 1-1,5% makes a huge difference over 20-25 years. You don't need a financial adviser for a preservation fund.

Read here:
http://www.stealthywealth.co.za/2018/10/the-best-preservation-fund-in-south.html

Contact the company you choose and they'll tell you all that's needed to get started

 

[jman]

Oh, and I'd stay away from managed funds. Passive index funds are the way to go. Around 80% of fund managers don't beat their benchmarks (index's), and they cost more. So stick with an index based fund, save on fees, profit

 

[Corlius]

Oh, and I'd stay away from managed funds. Passive index funds are the way to go. Around 80% of fund managers don't beat their benchmarks (index's), and they cost more. So stick with an index based fund, save on fees, profit

Thank you Sir