Sygnia (help wanted)

surface said:
Got this mail in inbox.

The Sygnia Itrix Solactive Healthcare 150 ETF offers:
•exposure to global markets
•high liquidity
•access to Covid-19 vaccine frontrunners Johnson & Johnson, Moderna, Pfizer Inc, Sanofi and AstraZeneca
•more returns, less cost
Online launch: 6 August @ 11am
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They should launch a Chinese ETF.
 
surface said:
Got this mail in inbox.

The Sygnia Itrix Solactive Healthcare 150 ETF offers:
•exposure to global markets
•high liquidity
•access to Covid-19 vaccine frontrunners Johnson & Johnson, Moderna, Pfizer Inc, Sanofi and AstraZeneca
•more returns, less cost
Online launch: 6 August @ 11am
Click to expand...
Jumped in. First time I bought something on day of the launch. :ROFL: :ROFL:
 
Hi All


I am looking at starting an RA with Sygnia after hearing the great reviews.

Query 1: I see everyone is recommending the Sygnia Skeleton Balanced 70 Fund but according to the below, Sygnia Skeleton Balanced 40 performed better and is lower risk (8.2% vs 7.7%)

https://www.sygnia.co.za/fund-performances
1629876583470.png




Query 2: When I try to chose the fund, I get the below options and they seem similar. Does anyone know which of the below 3 options refer to this link https://assets.ctfassets.net/26bnfu...nia_Skeleton_Balanced_40__-_FFS_2016_SKEL.pdf
1629876593047.png
 
Dee96 said:
Hi All


I am looking at starting an RA with Sygnia after hearing the great reviews.

Query 1: I see everyone is recommending the Sygnia Skeleton Balanced 70 Fund but according to the below, Sygnia Skeleton Balanced 40 performed better and is lower risk (8.2% vs 7.7%)

https://www.sygnia.co.za/fund-performances
View attachment 1133692




Query 2: When I try to chose the fund, I get the below options and they seem similar. Does anyone know which of the below 3 options refer to this link https://assets.ctfassets.net/26bnfu...nia_Skeleton_Balanced_40__-_FFS_2016_SKEL.pdf
View attachment 1133694
Click to expand...
1. You're surely not going to retire in 5 years so should take a longer viewpoint...
1629876992479.png
2. UPF is unitised life fund and more expensive just go with the standard Unit Trust.
 
Hey all sorry for this somewhat ignorant question. I am looking at opening a sygnia investment policy and just want to know your thoughts on the below investment/situation ?

Somethings you should know

1.) I really don't know what I am doing lolz
2.) I was thinking of actually using the money and putting that in my RA but tbh I am not really keen on it since I don't know if I will stay in the country etc + ANC and I can't touch it or am I making a mistake?
3.) I most likely would have put the money in my direct investment account that I have with Sygnia anyway
4.) Sygnia Investment policy : It says " offers tax benefits to higher income tax payers" which is well not me

The cost : R 55,000.00 + min R500 debit order a month

One of the reasons that got me interested in opening the account , they sent me this email :

Sygnia OSE Fund: Limited offer
Available only in a Sygnia Investment Policy or a Sygnia Living Annuity


We are excited to announce that the Oxford Sciences Enterprises Fund is now open for investment. This is a rare opportunity to invest in groundbreaking research that attracted half of all spin-out funding in the UK in 2021.

I have chosen :
Sygnia Money Market Unit Trust Fund Class A
Sygnia SWIX Index Fund
Sygnia DIVI Index Fund Class
Sygnia OSE fund

Thanks for your time, please send thoughts and prayers
 
Kornhub said:
I have chosen :
Sygnia Money Market Unit Trust Fund Class A
Sygnia SWIX Index Fund
Sygnia DIVI Index Fund Class
Sygnia OSE fund
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The top three options there fit perfectly fine into an RA, so if it's a long term option (don’t need the money before 55), you may as well go into an RA. Then buy OSE fund separately outside the RA (I think the minimum investment is R5k).

There’s only two reasons to avoid an RA: you want the money before 55, or you want international exposure.

The other thing is whether you really want DIVI and SWIX as opposed to ETFs that track international markets. Your job and possessions are all in South Africa and exposed to South Africa risk, so your investments might as well be exposed to other country risk.
 
3WA said:
The top three options there fit perfectly fine into an RA, so if it's a long term option (don’t need the money before 55), you may as well go into an RA. Then buy OSE fund separately outside the RA (I think the minimum investment is R5k).

There’s only two reasons to avoid an RA: you want the money before 55, or you want international exposure.

The other thing is whether you really want DIVI and SWIX as opposed to ETFs that track international markets. Your job and possessions are all in South Africa and exposed to South Africa risk, so your investments might as well be exposed to other country risk.
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Ah thanks! I thought It was R5k but you actually need to have sygnia investment account to invest in them (R 50k minimum + R5k for the OSE).

Another random question, In my direct investment account it says that it is regulation 28 compliant. But like I thought this was only a RA thing?
 
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Kornhub said:
Ah thanks! I thought It was R5k but you actually need to have sygnia investment account to invest in them (R 50k minimum + R5k for the OSE).
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Oh, didn’t realise that. My bad.

Another random question, In my direct investment account it says that it is regulation 28 compliant. But like I thought this was only a RA thing?
Click to expand...
It only matters for your RA. But the point is that if your investment is Reg 28 compliant, and you can afford to leave it until retirement, then you're missing out on big tax savings.
 
Kornhub said:
Ah thanks! I thought It was R5k but you actually need to have sygnia investment account to invest in them (R 50k minimum + R5k for the OSE).

Another random question, In my direct investment account it says that it is regulation 28 compliant. But like I thought this was only a RA thing?
Click to expand...
eh? R50k minimum ? For which sygnia account? link ?
 
Kornhub said:
Anyone have experience moving your RA from momentum to Sygnia :p
Click to expand...

Its very basic. Its called a section 14. Start with Sygnia. Tell them you want to move a RA. Its a document in short, and waiting period is max 3 months waiting period to get it transferred
 
Sygnia doing weird things with their freeze periods - won't process withdrawals till date x, now won't process full withdrawals till 6th April. Wonder what that's all about?
 
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