Ok - but in order to really apply my mind to this I'd haveto retire now, just to find the time to manage it ..... wouldn't it be nice to find a FinP who could do his job properly, afterall its supposed to be why I would want to pay him - to think, and act, while I earn my money!
Guys guys guys 'ur all buying shares, right. Now how difficult is it to find a fund or 2 out there that will match ur trading philosophy, its not rocket science and u don't need to be a chopper pilot ,its a simple long term investment strategy with no CGT when u sell the units. Your next question prob will be- why do I need a Financial advisor if I can do it myself ,the answer is simple, do u do a triple heart bypass urself or do leave it 2 the specialist.Find a good specialist!
to look at what the fund managers are buying and what precentage they are investing in what and there you have it. Look3at the top performers and see if they do what you like. A unit trust/fund investment is nothing more than a pool of monies investing in a basket of shares over time. You can create your own unit trust portfoilio (basket) and buy and manage the portfolio yourself. Any sales after 5 years will be CGT exempt.
You manage it your self and pay no fees for someone else to manage your money for you....
I took a Norwich RA 25 years ago. The tax allowance never increased. Norwich had a good product and declared annual fixed bonus. You could see what was happening. They were taken over by Fedsure. They changed the rules, increased the charges and reported nothing. Legislation subsequently arrived to force the increasing number of thieves to stop their blatant theft "industry". If you are not in total control of your money in a manner that is supported by legislation you can expect to be ripped off. Even then you are dealing with the spawn of the mafia.
Hi Saash..I know that the guys at starix having been working with GOV to allow people to save, pre tax profits dirrect without paying hefty fees and taxes..I would give them a call to see how far they are...also invest after tax dirrect with them...low fee's no "dork managers fees" and they will outperform you RA x100 so pay the tax and save dirrect...
using the compounding rule of 72...100k pre tax cash copounding at 10% (a very generous amount for an RA) would leave you with about R900K after 30 years...Satrix using after tax money of 80K compounding at 17% (satrix ave) leaves you with leaves you with about 5 million bucks....after the same 30 years... Now I know the maths is flawed but the priciple of compounding is the same..with satrix you get the div's and you pay no comm's...The point is simple..the question is not how much or little tax to pay..its how much disposable cash you left with to invest dirrectly into the market...RA's and the tax codes are their to protect the fat cats of the finacial services comunities..not you the investor.