Jump to content

SaurusDNA

Members
  • Content Count

    239
  • Joined

  • Last visited

  • Days Won

    54

Everything posted by SaurusDNA

  1. She can actually sing when she's not all drugged out. A rare gem from Miley Cyrus: Miley Cyrus covers Summertime Sadness in the Live Lounge_2020 02 04_23 51 19_1_568.mp4
  2. This is really very nice. However, if you want to make it even better, there is one problem that most people have with home loan calculators (that as far as I know not a single home loan calculator on the internet takes into account), and that is the monthly fee on the home loan. This is NEVER taken into account, although we almost all pay it. I pay R57.50 service fee every month on my home loan, and when I put my actual monthly payment into the calculator, it doesn't take this into account, so the results never balance with reality.
  3. An alternative would be to buy the FirstRand US Dollar Custodian Certificates ETF (DCCUSD). As far as I understand it, it buys US treasury bonds in Dollars and settles them (as well as the interest) in Rands, so you get the full effect of the fluctuation in the exchange rate on all your money plus the additional interest on bonds, making it slightly more lucrative than investing in the actual dollar.There is an article on it on JustOneLap: https://justonelap.com/etf-understanding-dccusd/
  4. Okay - since the minimum purchase of NFGOVI is R250, I'm going to start with a bigger base and have a smaller multiplier. Base: R250 Multiplier: 0.5 Total for year: R9750
  5. Yes, I'm doing my monthly R2750 to TFIA and then a flat monthly rate to non-TFIA ETFs and shares. But I'll play the game then with something small. Thinking of buying NFGOVI as the savings tool rather than a bank account, since it's returning around 10% in yields at the moment.
  6. I'm trying to improve the formula a little. The difference between the first and last months is just too big.
  7. Well, some "big dividends" for PTXTEN came in today - a special final dividend payout up until the date it changed to CSPROP it seems. And this one is substantially larger than last month's payout!
  8. So as from today, PTXTEN is no more! It is now called Coreshares SA Property Income ETF and has the code CSPROP.
  9. I miss the old Bloomberg watchlist.
  10. If I had to do a simple long term low-maintenance portfolio for my child, I'd probably do: Local (40%): 20% STX40 20% SMART Offshore: (40%) 40% ASHGEQ Property: (20%) PTXTEN 20%
  11. Problem is, in a TFIA, there are no tax savings in offshore ETFs except capital gains...
  12. Here are the main differences between a TFIA and an RA: Tax savings: TFIA - pay tax now (TFIA savings is paid for out of after-tax income) - save a ton of tax later. RA - All tax gets refunded now, but you pay tax on your income when you retire. (You should use the annual tax refund for retirement savings too.) Availability of money: TFIA - Can be withdrawn without penalties, but then you can't put the money back. RA - Practically, you can't withdraw anything until retirement without severe consequences. TFIA - Gives a lump sum on withdrawal.
  13. For RA's, I'd go for a company like Allan Gray or Alexander Forbes. Companies like Old Mutual , Sanlam and Liberty Life are also reputable, but their fees tend to be higher and their returns lower in my experience (although you should do some research first to verify the facts.) I think Bandit has hit on something very, very important. If you see a financial adviser, the first thing they will try and do is sell you life insurance, because the commission on that is huge compared to the commission on an RA. Don't give in - tell them you want an RA and nothing else at this
  14. Oh, another thing - with RA's, starting young is huge, due to the power of compound interest. A 21-year old who invests R1000 into an RA for 10 years (until age 31) and then never contributes another cent again, will earn more at retirement than someone who starts at age 31 and pays R1000 for 34 years until age 65. Such is the power of compound interest. Thus, start as soon as possible with your RA!!!
  15. Yes, it is definitely worth getting an RA! An RA works as follows: - You pay a monthly investment premium not exceeding 15% of your income (or you lose some tax benefits). -The premium is invested in actively managed funds (similar to units trusts) on your behalf by the finance house. - When you do your tax return each year, SARS refunds all the tax paid on the amount you invested during the tax year for your RA. (In other words, since you will not be relying on a state pension later, SARS will waive the tax now of any money earned that you invest in an RA as
  16. It's hard to know which local ETFs are best to invest in. At least with the offshore ones, ASHGEQ or STXWDM are no-brainers and either of them serves as excellent all-rounders. But locally, we don't get "All-rounders" of the same quality. Your Top40 and Top50 ETFs are market capped and you end up having 70% of your money in four or five shares, which is certainly not great. Then, there are the myriad of smart beta ETFs, each claiming to have a better methodology than the rest, but all untested. So for now, with my local ETFs, I have one third of my local por
  17. I'm maintaining 24% of my TFIA in PTXTEN. Sometimes I feel it might be a bit much and that I should reduce it to 20%, but since the other 76% of my TFIA is all equities, I think it should be okay.
  18. I was happily surprised by SMART's distribution. It's the first time SMART has distributed (being a new ETF) and it was way better than I expected at 44c per share.
  19. I don't think I'd sell my CTOP50 or STXDIV if I were you. Property is a different asset class and its behaviour is (theoretically) uncorrelated to equities, and ideally you should have both equities and property. If I were you, I'd keep what you have and buy PTXTEN from scratch. Also, like Bandit suggested, you should throw some offshore equities into the mix as well.
  20. SInce the first few years' repayments is mainly all interest and no capital, the difference in monthly repayments between a 20 year loan and a 30 year loan is only around 8.3% difference. It would be better to buy a house that is 8.3% cheaper and pay the same payment you would over 20 years.
  21. From personal experience and the experiences of several of my friends, SA Home Loans tends to be much more flexible and willing to negotiate interest rates than the banks. Recently, a friend of mine called them and offered to move her Nedbank home loan to them if they offered a better interest rate. She was paying 12% at Nedbank and they dropped her interest rate to 10.2% and covered the bond costs. And when I was buying, SA Home loans made me an offer of prime rate. I asked them if they would drop the lending rate by 0.25% and they said they would do so if I increased
  22. I've currently got: Inside TFIA: SMART: 12% NFEMOM: 12% STXQUA: 12% PTXTEN: 24% ASHGEQ: 20% STXEMG: 10% SYG4IR: 10% Outside TFIA: GLODIV: 33% GLPROP: 33% STXNDQ: 33%
  23. Every month for the past few years, I have looked forward to Nerina Visser and Simon Brown doing their two episodes per month of "ETF investor" that can be watched on YouTube. And then in September, suddenly nothing! Does anyone know what happened?
×
×
  • Create New...