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Showing content with the highest reputation since 01/19/2020 in all areas

  1. 2 points
    So I recently found myself doing a fee comparison between 10x (I am currently with 10x), Outvest, EasyEquities and Sygnia. Results: The cheapest platform depends on your RA value. Outvest is cheapest once you hit +/- R450k Below that Sygnia is typically cheapest. I made my research results freely available in the form of an interactive calculator. Here it is. https://mymoneytree.co.za/calculator/ra/
  2. 2 points
    Here is a helpful interactive calculator which shows the cheapest RAs in SA for different RA values. Calculate here.
  3. 1 point
    If that is correct, LIARS!
  4. 1 point
    Consider that Outvest's Fixed Endowment invests in a 5-year Absa Fixed deposit. From a tax perspective, - income from the Outvest Fixed Endowment will be in the form of interest - R 23 800 interest per annum is exempt from income tax. (R34.5k if older than 65) Endowments are taxed at a flat rate of 30% Their offer thus is interesting if (a) your marginal income tax rate is greater than 30% & (b) you have used all of or a considerable amount of your annual interest exemption at SARS !!! Note: Outvest quotes a simple rate of interest. This really is somewhat misleading. The FSCA should really enfore FSPs to quote nominal or effective rates only.
  5. 1 point
    Thanks for making this effort - very good summary indeed and was really needed. 2 questions: 1) How is African Bank credit rating compared to the other banks, can you possibly add that as another column to understand risk associated with the return? 2) What happens if one of these banks defaults like VBS? Is it insured/covered by Reserve Bank? Any insurance company that covers this risk/gap of exposed amounts?
  6. 1 point
    Problem is, in a TFIA, there are no tax savings in offshore ETFs except capital gains...
  7. 1 point
    The Sygnia skeleton balanced funds are cheap with TIC=0.55% and is also a good choice. It got cheaper over the year, the reason might be that the funds holdings are Sygnia ETFs. Together with my RA, I use my TFIA to increase my offshore holdings, so no local equities outside RA.
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