What is a reasonable draw-down amount?

chrisc

chrisc

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About to invest R3.5m from sale of rented properties

My regular investment advisor does not like the way Sygnia conduct their business, but he won't tell me why
He does not like Income Funds, whereas I do
He suggests a 8.2% pa income via a 5 year Fedgroup investment

Not sure about a drawdown amount, this will not be my primary income source, but some sensible opinions would be welcome

Any comments?
 
Hi, locked on for 5 years....no advice given except pushing a product...find a financial planner.
 
chrisc said:
About to invest R3.5m from sale of rented properties

My regular investment advisor does not like the way Sygnia conduct their business, but he won't tell me why
He does not like Income Funds, whereas I do
He suggests a 8.2% pa income via a 5 year Fedgroup investment

Not sure about a drawdown amount, this will not be my primary income source, but some sensible opinions would be welcome

Any comments?
Click to expand...

Personally I would be hesitant to have my funds tied into anything for a set period in SA.

Not sure what your advisor has against Sygnia but I do have RAs still with Sygnia, AG, Coro, 10x and Sygnia is by far performing the worst.
 
Don't think Luno has LRC
 
chrisc said:
About to invest R3.5m from sale of rented properties

My regular investment advisor does not like the way Sygnia conduct their business, but he won't tell me why
He does not like Income Funds, whereas I do
He suggests a 8.2% pa income via a 5 year Fedgroup investment

Not sure about a drawdown amount, this will not be my primary income source, but some sensible opinions would be welcome

Any comments?
Click to expand...
Step 1: fire this tool.

He's probably pushing the 5 year term for a big commission check
 
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