I'm not in the biz of arguing, but for clarity this is the situation as per the tax legislation. REIT dividends: There are still those quite insistent that REIT dividends qualify for the interest exemption. Which would you do? Which would Simon do? My question is whether the last option is a good shout, or whether such a large component of global property is not a good idea for some reason. Third, RAs don't have to provide less returns that the rest of your portfolio! The biggest issue for me is because of market movement, there is really no way of realistically 'checking' what you are being charged, so you really just have to trust the provider, which I hate, because the quoted fees are always so absurdly vague (all providers!). The main "downside" is that international equity is all SP500 and not true global spread - because the SP500 ETF is almost 0.5% cheaper that the MSCI world! The 0.52% EAC is basically the lowest I could get with the available Sygnia products. The EAC seems to be the "what you're actually charged" amount. Sygnia quote an annual fee as low as 0.36 inclusive (!!) but then show an effective annual fee of 0.52% year one, 0.46% year two in the same document (still good but wtf). Two, Sygnia is really cheap, and fees are fucking confusing. You can build your RA portfolio to align exactly with your investment strategy (reg 28 compliant, of course). One, Sygnia allows investors a lot of flexibility, so you can really build your own portfolio. Depending on who you are, this is either super transparent, or designed to confuse - or both. The fees are a little confusing, because the quote has three different fee tables, all represented in a slightly different way. This is the first.ĭon’t forget we’ll be at the JSE in Cape Town for a live recording of The Fat Wallet Show on 31 October. In honour of my long-awaited holiday, we spent two shows doing nothing but answering questions. Pop them to us at by Kristia van Heerden and Simon Brown Facebook Twitter Email RSS Feed Subscribe in Apple Podcasts If you have unanswered financial questions, this is your opportunity to have them answered in a way that even I can understand. There’s no such thing as a stupid question in this show. It’s easy to excuse that little vanity, except that people in the investment industry are meant to service investors - people like you and me who need to figure out what to do with our money. In this business, appearances matter, and nobody wants to seem like they don’t know how things work or what the outlook is for the buchu industry. If you ever had a financial question you were too embarrassed to ask, you know what we’re talking about. Phrases like, “I’m not sure” or, “Let me look that up and get back to you” or, “I don’t know” don’t exist in the financial services industry. Most of all, it’s about understanding as much as we can to make us all better investors. It’s about admitting that we don’t know everything, but that we’re willing to learn. The Fat Wallet Show from Just One LapThe Fat Wallet Show is a show about questions.
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