Sygnia retirement annuity vs allan gray retirement annuity

[Siyachuma]

Hello.
I want to start a retirement annuity from what I have read online
I would prefer to do so without a financial advisor, for the interest of costs.
I am not sure about passive versus active mng. because at first I thought index trackers generally outperform active mangers but I have also read that they, although apparently cheaper they have hidden costs
Also I would like to know if anyone can, with reasons tell me which platform is better between sygnia and allan gray

 

[Techne]

Definitely not Sygnia. A lot of rumours going around that some shady $#:+ goes on behind the scenes. Can't be trusted.

 

[Siyachuma]

Interesting... The CEO seems like a remarkable woman

 

[Hamster]

She is (Magda). Even so my pension is at 10x (passive) and RA is at Allan Gray.

Can't go wrong with either. 10x is very affordable and their UI is much nicer Allan Gray is the most professional company I've ever dealt with.

 

[d0b33]

Interesting... The CEO seems like a remarkable woman

Smoke & mirrors?

 

[backstreetboy]

Sygnia. Their roboadvisor is the best and their fees one of the lowest aswell.

 

[supersunbird]

Hello.
I want to start a retirement annuity from what I have read online
I would prefer to do so without a financial advisor, for the interest of costs.
I am not sure about passive versus active mng. because at first I thought index trackers generally outperform active mangers but I have also read that they, although apparently cheaper they have hidden costs
Also I would like to know if anyone can, with reasons tell me which platform is better between sygnia and allan gray

Do you have a work pension/provident fund? My personal strategy is to do the RA the opposite of what my employer fund does. So active employer fund, passive RA, or the other way around.

For the novice investor probably best just to choose the balanced fund unit trust of the provider.

With AG is think if you select only AG unit trust/s no extra fees beyond the internal fund fees. If you choose other providers unit trusts available on their platform, you will pays platform fees also.

Sygnia the same as above.

Coronation only offer Coronation funds, one just pays the internal fund fees.

10X only has a balanced fund (and high,medium and low equity versions of those, and it the capital built up phase one would be in the high equity), also only the internal fund fees.

I like 10Xs method (a capped Top 60 fund for their 50% SA local equity for example). my work fund, And I just like Coronation more than AG, so my active RA there.

 

[WAslayer]

I am not a financial fundi, so my expectation in this regard is probably way wrong...

I have an Allan Gray RA which I have not been contributing towards for over two years now.. it has not grown since the last contributing by any stretch of the imagination..

Now I understand that I would see better growth if I were contributing towards it, but I expected to see at least a 1k growth (after fees) each year..

Like I said, my expectation is probably wrong though..

 

[Hamster]

I have an Allan Gray RA which I have not been contributing towards for over two years now.. it has not grown since the last contributing by any stretch of the imagination..

The reality is most RA's performance will be more or less the same until fees are factored in. It's not AG's fault...it's the re 28 rules forcing 70% of your RA to be invested in South Africa (75% prior to February).

 

[Siyachuma]

Do you have a work pension/provident fund? My personal strategy is to do the RA the opposite of what my employer fund does. So active employer fund, passive RA, or the other way around.

For the novice investor probably best just to choose the balanced fund unit trust of the provider.

With AG is think if you select only AG unit trust/s no extra fees beyond the internal fund fees. If you choose other providers unit trusts available on their platform, you will pays platform fees also.

Sygnia the same as above.

Coronation only offer Coronation funds, one just pays the internal fund fees.

10X only has a balanced fund (and high,medium and low equity versions of those, and it the capital built up phase one would be in the high equity), also only the internal fund fees.

I like 10Xs method (a capped Top 60 fund for their 50% SA local equity for example). my work fund, And I just like Coronation more than AG, so my active RA there.

Hello, thanks for your reply. Is 10Xs your work fund which I'm gathering is passively managed... Why do you "like" coronation better than AG

 

[Siyachuma]

I am not a financial fundi, so my expectation in this regard is probably way wrong...

I have an Allan Gray RA which I have not been contributing towards for over two years now.. it has not grown since the last contributing by any stretch of the imagination..

Now I understand that I would see better growth if I were contributing towards it, but I expected to see at least a 1k growth (after fees) each year..

Like I said, my expectation is probably wrong though..

Totally relate to what you are saying... I put 1K in an ETF in 2016 (2 years ago) I intentionally did this to see if it would grow over time without me putting money in. The result is the same as you're getting with the RA. Two years feels like a long time to have not achieved any tangible growth. But hey I might be wrong as well

 

[Siyachuma]

W

Sygnia. Their roboadvisor is the best and their fees one of the lowest aswell.

What sort of advice does the roboadviser offer, is it only available to investors

 

[Pegasus]

Hello.
I want to start a retirement annuity from what I have read online
I would prefer to do so without a financial advisor, for the interest of costs.
I am not sure about passive versus active mng. because at first I thought index trackers generally outperform active mangers but I have also read that they, although apparently cheaper they have hidden costs
Also I would like to know if anyone can, with reasons tell me which platform is better between sygnia and allan gray

Go 50/50 with each one.

 

[Pegasus]

Totally relate to what you are saying... I put 1K in an ETF in 2016 (years ago) I intentionally did this to see if it would grow over time without me putting money in. The result is the same as you're getting with the RA. Two years feels like a long time to have not achieved any tangible growth. But hey I might be wrong as well

Markets have been flat.
You get bears and bulls.

 

[backstreetboy]

W

What sort of advice does the roboadviser offer, is it only available to investors

Just take it here https://www.sygnia.co.za/roboadvisor/sygnia-roboadvisor. It'll give you a guideline on what RA fund to get.

 

[air]

Last few years on the JSE have been range bound. Thankfully, our pension fund at work is a smooth fund and has been delivering CPI+ 3-4% over last few years. Being a smooth fund you generally don't get to fully experience the market highs and lows, but generally 'grow' in a consistent fashion.

 

[supersunbird]

Hello, thanks for your reply. Is 10Xs your work fund which I'm gathering is passively managed... Why do you "like" coronation better than AG

When comparing AG and Coro Balanced funds over say 7 years, they performed very similar, so not a big deal to choose either. I just like the range of funds Coro offers better, and constructed my own RA from various of their unit trusts.

I have an Allan Gray RA which I have not been contributing towards for over two years now.. it has not grown since the last contributing by any stretch of the imagination..

My AG static RA I am not contributing to since it was opened in 29 Sept 2014, have delivered an annualised return of 5.59% up to 29 Sept 2018 (4 years). Over the past 3 years it grew 5.80% pa (has dropped the past half month).

My Coro RA I contribute to monthly has just an annualised return 3.5% pa since inception 01 March 2013 (party due to a big drop in the past half month).

Totally relate to what you are saying... I put 1K in an ETF in 2016 (2 years ago) I intentionally did this to see if it would grow over time without me putting money in. The result is the same as you're getting with the RA. Two years feels like a long time to have not achieved any tangible growth. But hey I might be wrong as well

The best General Equity fund in SA gave 31.53% total growth (so less if annualised) over the past 3 years. So yeah, local equity markets have been muted (as widely reported in the media).

 

[WAslayer]

My AG static RA I am not contributing to since it was opened in 29 Sept 2014, have delivered an annualised return of 5.59% up to 29 Sept 2018 (4 years). Over the past 3 years it grew 5.80% pa (has dropped the past half month).

Is this passive or aggressive..? Mine has always been passive..

 

[supersunbird]

Is this passive or aggressive..? Mine has always been passive..

You mean risk wise? Aggressive.

 

[HeftyCrab]

Definitely not Sygnia. A lot of rumours going around that some shady $#:+ goes on behind the scenes. Can't be trusted.

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