KleinBoontjie
Honorary Master
I got this RA with Sanlam, one with an Echo bonus. If I move it to 10x, you think I'll be better off? Sorry if I go off subject, here?
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Sanlam Glacier
- Thread starter Saba'a
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I got this RA with Sanlam, one with an Echo bonus. If I move it to 10x, you think I'll be better off? Sorry if I go off subject, here?
backstreetboy
Honorary Master
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Depends on how long you had it and the costs involved to move it. In the long run Sygnia or 10x will be much cheaper.
KleinBoontjie
Honorary Master
Have it now for +/-20 years, though converted to this echo thing a few years back. Still got bout 20 years left.
zerocool2009
Honorary Master
L O L Cut your losses and move on ! I made 60% in 3 months with Allen Grey compared to 10 years with Liberty !!!
My friend also had the echo bonus, he lost about 20K, moved to AG, making up very quickly
Firms have you by the short and curly's making you scared to move, but milks you with fees !
The echo bonus with Sanlam, ask for a detailed statement, get ready for a marketing fee per month !!! A big one
KleinBoontjie
Honorary Master
Asked Sanlam for a quote for section 14, this morning. They send it to me, but the first 3 pages is a plea not to go and "what a big mistake" it is to go etc etc. LOL
phew, 60% in 3 months, please tell us more and provide fact.
zerocool2009
Honorary Master
zerocool2009
Honorary Master
Dont worry, I got that now from Momentum also ! They said I am making the biggest mistake of my life ! L O L !
zerocool2009
Honorary Master
zerocool2009
Honorary Master
I don't think you have a clue how to calculate growth. You can't just make up your own formulas.
Assuming there were no additions of new money, or withdrawals from the investment, the correct formula is:
Investment value on 12-10-2017/ Investment value on 22-6-17 -1 = % growth
zerocool2009
Honorary Master
Ok wait ... mr policy expert is here !
Its not my own formula's ! If I compare time (10 years vs 2.5 months) ....
I really dont want to write an essay to say the least ! If you have faith in L, M or S (please go with them), enrich them please.
Ok, I quickly took your equation and worked it out.... 6.8%
If you read my other post, I was comparing the two firms growth / fees !
zerocool2009
Honorary Master
And Vrede, to answer your with % over 10 years with Liberty. I think if I say 6% over 10 years is VERY VERY optimistic !
So .... 6% over 10 years compared with 6.8% over 2.5 months
So .... 6% over 10 years compared with 6.8% over 2.5 months
I will never recommend that anyone use L,M,S,O or D for investments.
Do you realise that the JSE ALSI is up 14.6% since 22-6-2017 and the MSCI World Index is up 11.3% since then. The Allan Gray balanced fund is up 8.3% since that date.
You should therefore be very disappointed with a measly 6.8% over that period.
I also hope you realise that risky stock market investments go both up and down sharply in short bursts from time to time. You cannot extrapolate the last few months returns to gauge long term expectations. The next few months can easily see a 10% decline.
As much as I despise Stanlib, I am sure their funds also did quite well since 22-6.
My name is Verde!
zerocool2009
Honorary Master
You have no idea how nice it is to see things before your eyes ! With the wrapper in a wrapper how things work (all BS to say the least)
I agree with your list of firms to avoid ! And glad to see you endorse also stanlib (I am on par with you there Verde).
I am comparing time with L with what I now have, and to my disappointment, sad I didnt ask questions MUCH earlier.
We cant rewind time (and investment time is very important).
I will make a note 1 year from now, to show you how my AG did
@zerocool2009, don't be an utter ****, Verde adds significant value in this space. In this sphere he will **** you up with one hand behind his back, move on brother. You 60% claims are utter bull****.
Please don't pm me moving forward.
Please don't pm me moving forward.
zerocool2009
Honorary Master
zerocool2009
Honorary Master
And ps Air, no fighting please ! We are on here to help each other.
happy too, but you need to understand simple concepts better and not get worked up when people point out your errors, which in this case were significant(60% vs 6.8%, let that sink in).