Stability risk. Has anyone dealt with them? Experiences?

[Brontosaurus]

Good day everyone

I have been contacted by an investment broker from stability risk and will be meeting with them in a week's time. Has anyone had any experiences with them?

I have a substantial sum of money I am looking to invest long-term and I am a little skeptical to just hand over my money.

I had previously dealt with Old Mutual but I was unsatisfied with their service.

Any help would be appreciated. Thanks.

 

[AlmightyBender]

Why not go to an independent financial advisor? They gave give you a total financial plan looking at every aspect of your life and can recommend an asset allocation for you specifically.
Have a look here: http://www.fpi.co.za/YourFinancialPlanning/FindaFPIApprovedProfessionalPractice/tabid/3851/Default.aspx

 

[supersunbird]

Well, from checking their website it seems they are a broker/financial advisor business.

So you can make check with the following institutions and make sure they have a FSB license and are a FPI member (or at least that their advisers are).

Here is a link to for the FPI where they introduced a new thing called FPI Approved Professional Practices (if you decide you want to use someone else):
http://www.fpi.co.za/YourFinancialP...actice/tabid/3851/language/en-ZA/Default.aspx

Its always good to go into situations knowing some things. First thing is to ask yourself is what is your financial aim with the substantial amount of money and how accessible should it be (or even only parts of it be)? You can tell us the answer if you want and some suggestions can be offered.

 

[Brontosaurus]

Well, from checking their website it seems they are a broker/financial advisor business.

So you can make check with the following institutions and make sure they have a FSB license and are a FPI member (or at least that their advisers are).

Here is a link to for the FPI where they introduced a new thing called FPI Approved Professional Practices (if you decide you want to use someone else):
http://www.fpi.co.za/YourFinancialP...actice/tabid/3851/language/en-ZA/Default.aspx

Its always good to go into situations knowing some things. First thing is to ask yourself is what is your financial aim with the substantial amount of money and how accessible should it be (or even only parts of it be)? You can tell us the answer if you want and some suggestions can be offered.

Thanks.

Basically I am looking for long-term growth. I have been keeping a close eye on the Coronation Top20 fund. It has an annualised return of 22% since it's inception in 2001, which is excellent, granted the risk is somewhat high as the fund is only equities.

As far as accessibility goes, it doesn't need to be completely liquid, like I said it's for long-term growth. I'm also more inclined to go toward higher risk.

I would've done the investments on the JSE myself (through the FNB website) but the costs are just a little too high for the amount I want to invest.

If it's any help, I am 28 years old and I'm working as an Audit Supervisor at a medium-sized firm (this will potentially change within the course of a few months; looking to get out of auditing and into commerce)

 

[AlmightyBender]

I would say go meet with these guys and hear what they have to say. But then I would also suggest that you go and visit any of the firms in the link that myself and supersunbird posted and get a second opinion. Or even visit more than one. Different firms will have different approaches and services so it's good to shop around for the one that is the best fit for you.

 

[supersunbird]

See those guys if you want, maybe they make you think of something you didn't, but take it slow, don't sign anything at first meeting. From your description I am sure you could manage this yourself if looking at Coronation already. The signup process is quite easy. You can also develop 2 or 3 plans after thinking about what I listed below and run that past a Financial Advisor for a fixed fee to check for any flaws.

There are a few things you can think about:

- is it so long term you can put it into a retirement vehicle (this has tax benefits, not accessible before 55, untouchable by creditors) where accessibility is not a problem, would limit you to 75% equity though(some of that can be foreign), but the rest can go into a property fund and a small bit would have to go into bonds.

- can you phase it into the investment vehicle over so 4 to 8 months (called Rand Cost Averaging), benefit from market fluctuations, if market expensive you get less units, if cheap that month you get more for your money.

- if a discretionary investment (non retirement vehicle), should you put it all in say the Coronation Top 20 where its diversified but only on 20 shares (fund manager can chose from 50 though), should you put say 75% into Top 20 and 25% Global Managed (take some of the Rand devaluation risk offshore) or 60% Top 20, 20% Global Managed and 20% Property Fund.

- can you do a mix, half of the money into retirement funding, other half into a more liquid discretionary investment.

- can part of the money be used to pay off any expensive debt you might have and that debts monthly installments put into the investment

 

[froot]

Good day everyone

I have been contacted by an investment broker from stability risk and will be meeting with them in a week's time. Has anyone had any experiences with them?

I have a substantial sum of money I am looking to invest long-term and I am a little skeptical to just hand over my money.

I had previously dealt with Old Mutual but I was unsatisfied with their service.

Any help would be appreciated. Thanks.

Take a look at PSG or PPS.