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Everything posted by Bandit

  1. /does happy dance: https://www.sharenet.co.za/free/sens/disp_news.phtml?tdate=20191031100000&seq=22&scheme=default
  2. Open a TFSA, buy an ETF?
  3. Bandit

    Local ETFs

    Seems like EE handled the corporate action without a problem.
  4. I suppose it is easy for a Capitec client to be impressed... /runs
  5. Very nice, some feedback though: .... I can't see Jack.
  6. Bandit

    Local ETFs

    ASHGEQ or STXWDM - 65% SMART or CTOP50 - 35% That's if I had to have local exposure. Else I would just go 100% ASHGEQ. That's very simple.
  7. "Trace" amounts, surely. I don't think we're losing out that much at all. Those offshore ETFs paying dividends etc have crappy payouts anyway.
  8. Benefit of a TFIA if you start it early enough is that although your contribution limits are low the years it has to grow in value will result in quite a sum of money. Chances are that those limits will increase a couple of times more in the coming decades before you retire. Once you reach retirement (or have enough funds in your TFIA) you can use it to buy income generating funds which will provide you with additional income (tax free).
  9. You as an individual cannot open a pension fund. The company you work for can. As an individual, you can open an RA. RA - matures at retirement age. You'll then be able to buy an annuity with it which will provide you with income. Other than that, the only way to get money out of an RA is to formally emigrate or you have to prove that you'll basically die if that money doesn't become available (I've only heard of this, can imagine that it is borderline impossible). Pension - when you leave your current place of employment you'll have four options: Take the Pension money and move it into an RA Move the pension money to your new employer's pension fund Take the money and run (you'll pay tax on it) Move it to a preservation fund Preservation fund uses the same type of funds (regulation 28) as your pension and RA does, however you have the option of withdrawing from the fund once before retirement. Not sure if that restriction is per fund or per tax entity (you). Personally, I have a pension fund at 10x and an RA at Allan Gray. When I leave my current place of employment I will move my pension to a preservation fund. If I had to start an RA and only have one - 10x.
  10. All I'm going to say is this: Assuming you bring in a R20,000 pm salary, SARS will take R2,722.06 and leave you with R17,277.94. Assuming you pay 15% of your salary into an RA (and your payslip is structured like a pension fund), SARS will take R1,942.06 and you'll be left with R15,057.94. So for the R3,000 you saved into an RA/Pension, you are only R2,220 "poorer" and scored R780 (that's about 25% growth right there depending on how you look at it). If your salary wasn't structured you'd get back almost R10,000 from SARS come EFiling season provided you include it on your tax return. Now, it's not all sunshine and roses. The money in the RA/Pension will be taxed again at some stage and you don't know what the tax climate is going to be like at that time. They're also talking about prescribed assets (Eskom, Telkom etc) which is a concern. I reckon that if you can afford an RA you should definitely make use of it (a Pension Fund is even better imo, less rules). If you cannot easily afford it you should probably go speak to a financial advisor but I'm willing to bet good money that their response will be the stock standard: Get insurance Settle debt Secure retirement Look at other investments (TFSA). So if you do go see an FA, get one that charges for the consultation and with a good reputation and most importantly: DON'T SIGN ANYTHING. Listen...
  11. Bandit

    Local ETFs

    But in all seriousness - if you had ASHGEQ and SMART you probably have a better portfolio than most other people out there. Can't go wrong with that combination for a strong investment foundation.
  12. Bandit

    Local ETFs

    Locally it would have to be SMART (sensible choice) and ETFRHO (for now...because it is flying). I'm up 150% with ETFTHO (kicking myself I didn't have the foresight to push my entire life savings into it ) but it can't continue like this forever.
  13. I live in Joburg. Great cars but I wouldn't touch a Polo here. Had one when I moved here and had two close calls with hijackers Want an automatic again. I tried manual after my auto and.... no. Just no
  14. Happy dividend day! It's not a lot, but there's something magical about money just appearing in your account
  15. Depends on why you want to switch. If you believe in property shares then sure, if it's only because the other's are down then ask why you invested in them in the first place. PTXTEN isn't exactly having a great run. Might better to just leave it as is and start funding an offshore ETF like ASHGEQ (or sell those two and push it all into ASHGEQ and start funding PTXTEN on the side?)
  16. Bidorbuy is as easy as pie... (ok, when you stopped cringing, click here): https://www.bidorbuy.co.za/blackfriday (prettier version: https://m.bidorbuy.co.za/blackfriday) Can't be 100% sure but they'll probably host the actual deals on https://www.bidorbuy.co.za/static/deals/ (prettier version: https://m.bidorbuy.co.za/static/deals/ )
  17. Guess that makes sense. Comes down to affordability. I reckon 30 years is fine as long as you can meet more than the repayment right now and fairly sure you can up it even more in the coming years.
  18. What would be the point of opting for 30 years instead of 20 if you're planning to pay more anyway?
  19. Still the same, the only difference being that Vodacom hiked the prices. About R270 pm and I get something like R350 funds on the account. I buy data with it, the rest goes to phone calls. Still have about R800 extra on my account which is a good indication that I can go even cheaper, which I will. Contract is about to expire but the iPhone 8 is still going strong.
  20. FWIW: I've heard that the best time to renegotiate your interest rate is after two years of bond repayments.
  21. Not that I'm the biggest crypto fan, but if it drops below R6k I'm buying more DCX10 than I usually would.
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