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Bandit

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Bandit last won the day on September 28

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About Bandit

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    Keeper of the Ban Hammer

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  • Website
    https://offtopic.co.za

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  1. Interest rates in the interest bearing are so low that it wasn't worth it for me. Market crash killed it for the investment version of it. Just a kark year
  2. Wife is still going strong, but it's getting difficult now as we are approaching the end of the year The low interest rate killed it for me, sorry
  3. Ja nee what a load of bull. Fuel tax, emissions tax, annual road tax but most importantly - FUEL TAX. You get that they want to build a "first world country" but to do that you need a tax base that can support it and for that to happen you need to give people jobs so that they 1) contribute to tax and 2) not rely on grants. Before you can do any of these projects that require tax money - get people to work. Attract foreign investors, give them tax breaks or some sort of incentive to setup shop here and employ South Africans.
  4. Knowing what I know now I would do it again. Make no mistake, it could've ended badly but for some reason I had very little doubt that it will work out in my favour. Still scary. 1. Cashing out pension Still happy I did it. We have plans to cash out my wife's as well. We are planning to move offshore for a bit (permanently?) but even if we didn't I have do not have enough faith in our government and Reg 28 to provide us with a retirement. Retirement is still 30 years away though. I'd rather sort it out myself. I would never suggest to anybody to cash out their pension (it coul
  5. Yeah. Don't get why they are changing the name at all. It still has the ASH prefix and the name has a lot of material (podcasts, posts, articles etc) connected to it
  6. Great... changing the ticker code...
  7. If it was profitable then yes, sell off and "reinvent" or keep the ones that you do not like/are duplicated and stop contributing to them. It helps if you theme your portfolio meaning: 80% offshore, 10% local, 10% property... or in your case 80% (50% developed markets, 20% emerging markets, 10% tech stocks), 10% local, 10% property. Get the "theme" right so you know what you want to do and then use the appropriate ETFs to do so.
  8. He's probably right but who cares - it's making me money
  9. So let's see: TFSA +28% ETF5IT (42%) ASHGEQ (55%) STXEMG (3%) The growth here was helped by timing the crash and dip earlier this year and time. Portfolio #1 +8% SYGWD (27%) SYG4IR (42%) STXCHN (31%) Portfolio was started after the crash, so gains are partly due to the recovery (maybe?) and the recent growth we've seen over the last week. Portfolio #2 +77% ETFRHO (95%) DCX10 (5%) Ah yes, portfolio 2. Otherwise known as my **** around portfolio. Growth is largely from past performance
  10. So I'm decommissioning the offtopic.co.za site because I enjoy writing blogging software more than I do writing actual blog posts. BUT, I use that calculator a lot so if anybody is interested, I moved (and updated, read, mobile friendly) it over here: https://andrev.me/growth-calculator/ On a side note, if anybody wants a domain called offtopic.co.za let me know - cheap cheap
  11. So far so good
  12. Yes. FNB to Investec for a -0.5% lower rate. It's a slow process because of COVID and the deeds office shutting down every other day. Both banks have been ready to do the transfer for a while now. So, long story short: - some (all?) banks like FNB require you to give them advanced notice that you intend to settle the loan (3 months I think), so that's step one. - costs: It will be a repeat of the bond reg costs unless the attorney does it at a discount (so on a R1.5mil loan it's about R25-30k). These costs can be loaded onto the loan if you wish.
  13. What is your business selling/doing?
  14. You'll want income, disability and severe illness cover regardless of how old you are. If something happens you want to be able to maintain your lifestyle. Life doesn't really care for your age or relationship status and after it's run a number on you and if you are still alive you'll want money. Life cover is for when you die (for the most part). Basically - make sure your debt is covered and nobody else gets stuck with it. If you have no family...well... yeah. It's not expensive though.
  15. Nothing with regards to their product offering. Biggest mistake I ever made though was "upgrade" to their Private Client suite which is a bunch of bs. Most of the time you have to phone the relevant department anyway. Bigger deposit can potentially mean better interest rate. If we put the interest rate aside, there should be no difference in repayments between having a R1 000 000 bond with R200 000 in an access facility vs a bond with R800 000 outstanding. The fundamental differences (and take it with a pinch of salt): Access facility means just that, you have access to any e
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