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Bandit

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Posts posted by Bandit

  1. If I had no emergency fund I'd put it there (32 day account).

     

    Else, if I went ETF I would split it between NFEMOM (45%), DBXWD (35%) and PTXTEN (20%).

     

    Most likely (at this point in time anyway) I would put it in unit trusts with the same theme as the above (local equity, foreign equity and property).

  2. The Orange store pulled a fast one I almost thought I was going crazy.

     

    I want to cancel my vodacom contract and then get this phone it has a much bigger battery than my S6 so I think it would be worth while.

     

    Or..get the phone, sell the S6, wait out your contract and move over to one of the Top UP contracts with no phone (which means, depending on which one you take, you can end up paying R258pm but get R3xx pm airtime which you can use for phone calls and buy data with).

     

    That's what I did. Never getting a contract with "minutes" or data ever again.

  3. Only solution is to sell it (or stop investing into it...30% of my TFIA) and go with something else. NFEMOM has a vastly different approach but that in combination with DIVTRX, PTXTEN and DBXWD is what I favour.

  4. The only reason I know about Afrifocus us because they are one of our white label clients

     

    what product would that be?

    Share trading platform. I've seen the name in the database, never looked at the site myself.

  5. Been watching TAS almost as if someone or something or group is trying to keep it at R2.

     

    Thought: Do you guys think EasyEquities would start to accept bitcoins as a payment method? I should probably create a new thread for bitcoins? Should we call it "The Bitcoin thread"?

    Go forth and createth thy thread...

  6. That said, I sold mine off and bought NFEMOM instead. They recently changed the underlying index it is tracking and it looks like it could be doing a very good job at identifying quality stocks instead if just looking at the 40/50 largest companies.

  7. The woman from Sygnia write an article a while back explaining the fees if unit trusts vs. ETFs.

     

    ETF managers are good at selling ETF as cheap but there are other costs to take into account: STRATE, VAT, trading and brokerage costs, investor insurance. These can actually add up to a substantial amount. You also have no guarantee if liquidity even if they have a market maker. When you need to cash out your ETF it could take days for the transaction to complete (my one ETF I cashed out took 3 days, multiple trades and an email to CoreShares).

     

    So unit trusts may have management fees but they are a lot less hassle. And if you do your homework and the unit trust us not subject to initial fees or performance fees they may actually be cheaper.

  8. It is relatively new.

     

    Buying a top 40 over and above the top 20 is a waste. Lots of duplication and, except for the equally weighted one, most top 40s have the top 4-5 companies making up most of the fund.

  9. So most of us here are probably ETF fanboys because "justonelap", "tannie Nerina" and EasyEquities being so damn cheap.

     

    I'll be honest, I own both ETFs and unit trusts although I've being neglecting the latter. So, the current trend seems to be people bashing them, saying they are too expensive blah blah blah and to a certain degree they are right. Well actually they are very right. Unit trusts have the benefit of you not being the "active manager" and hence probably a lot less stressful to invest in :P

     

    Anyway, whom of you guys own unit trusts, which ones do you own and how have they performed for you?

     

    Myself, I make use of Stanlib and I'm invested in they're Multi-Manager All Star Fund of Funds..erm.. fund. I prefer the multi managers - less risk of one guy making a mistake.

     

    Had a look and I reckon I'll go talk to my financial advisor and see how I can restructure and avoid/fix some of the duplication I have between my ETFs and unit trusts. I reckon something like their Absolute Income or Aggressive Income fund is also a much better proposition for keeping and building up an emergency fund than say a 32-day notice account (with some more risk but also more growth).

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