Can anybody suggest a really good financial adviser in Cape Town? There is an oppurtunity of coming into some money by selling my private shares early in the company I work for and would like to know how much money we would need in order to maintain the same standard of living. He/ she would then look after my capital while passing on interest/ profit to live on.
You need an investment advisor, a telephone call away, however, always good to have the man close - if only to be able to crunch his b*l$s when your risk and his expertise does not go the way you expected. You will deteriorate R6,0 million in 20 years at a rate of R46500 per month before tax if you generate a return of 6% p.a. compounded monthly. Now, the ideal is to outperform the CPI by say 4-6%, which will allow you some leeway to (a) preserve some of your capital, or (b) award yourself an increase as you go along, or (c) both. As you would realise by now: the outcome is a function of time, interest, the amount of monthly withdrawal, and your apetite for risk. IMO, consult someone from the well known larger investment managing houses and take care not to pay the investment sum in the advsior's personal bank account.
Get some opinions, never hurts, doesnt always you have to listen. You will need to make up your mind on your own. Many " experts" in this forum - read the thread on some one wanting to buy a car and you will get a feel of the expertise etc available on this forum.
John, dont you think that comment is a bit 'wrong', we dont know who Antonofafrica is, he could be some bigshot investment banker/trader or something that can invest/trade better than this whole forum together? who knows?
Just email me and I will forward you a spreadsheet - you are welcome to disagree with any of the assumptions - just change them... Based on the initial question, the guy is looking to sit back and let someone else worry about his capital on his behalf. Major trade-off between volatility & return, hence my comments above. Most guys in retirement are looking to sleep at night, so not investing entire portfolio in equities. PS: Large investment house great as funds destination, not great from advisory point of view as always punting their own products. Also limited flexibility in fee structure. [email protected]
I am a fee based adviser - you pay for advice not products. Whatever you buy( if anyhing) you buy commission free. I am a lawyer with a CFP and I have had many years experience in finance - here , the UK and Ireland. I specialise in providing lifetime needs analyses - matching assets to income and lifestyle costs. I run a small private practice which includes the greater Cape Town area. I am linked in to a group of independent advisers which is countrywide. You are welcome to contact me - but I am not here to provide free advice-that you can get round the braai. And that is what its worth. ( I am sharing these details with some trepidation but I have seen so much rubbish written on this site about financial planning I thought I owed it to my fellow site dwellers to provide a point of sanity. I can be contacted on [email protected])