Retirement annuity ?

Scooby_Doo said:
For shits and giggles.

Core S&P500 index fund CSP500:SJ tracker, is up 99.7% between March 1st 2018 and today.

Edit,

Over 20% per year return.
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Sure, and you've put all your money in it back in 1 Mar 2018? Or you are putting all your money in that from now on? Or is there an even better place to definitely be in for the next 3 years? That's the problem.
 
supersunbird said:
Sure, and you've put all your money in it back in 1 Mar 2018? Or you are putting all your money in that from now on? Or is there an even better place to definitely be in for the next 3 years? That's the problem.
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And retirement products only allow about 1/5th in international. If I was allowed to and weighted everything to the US. I would probably get the same return. I will put some in DIY investment and some into retirement and other assets class
 
supersunbird said:
Sure, and you've put all your money in it back in 1 Mar 2018? Or you are putting all your money in that from now on? Or is there an even better place to definitely be in for the next 3 years? That's the problem.
Click to expand...

Sure,

I have data that I have been tracking since 2015 for investments I have made. Tracking positions in the US equity index and SA equity index, and the US index has destroyed the SA investments. I am just lucky I was putting 5 times more into the US investments over time.

As for the future, you cannot know for sure so it becomes a risk management question. And the risks of investing in SA vs the world is not worth it IMO let alone living with the restrictions of an RA.
 
I always ask myself this, why pay someone to look after your money if you can do it yourself?

We all rave about the tax perks, but then with sub 15% growth per year.
 
zerocool2009 said:
I always ask myself this, why pay someone to look after your money if you can do it yourself?

We all rave about the tax perks, but then with sub 15% growth per year.
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I think RAs feels like a dated product with the advent of tsfa & etfs. While yes, as a principal the broker fee has steadily come down in part due to financial innovations.. the restrictions for deferred tax just doesn’t make it as attractive as it once was.

I suspect the tax deferred will need to be adjusted lower to increase the attractive nature of the scheme and/or more changes on the composition of the funds need to happen given the many new restrictions compared with other products.

But who knows.. governments usually go the other way and tax other products worse to do this but I suspect they at a point where this strategy just won’t cut it.
 
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