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@plainjane3 Only difference is converting all to currency beforehand locks in a spot rate, where using the credit card would use the spot rate at the date the payment gets processed.

I personally really like Sygnia - mostly for what they stand for but feel free to come to your own conclusions!

@shogolist4jesus I think you aren't being silly looking at the performance. But also remember that past experience is no indicator of future performance. You are going to have your moment in there for a long long time so rather aim for low fees and an asset mix you agree with (hopefully high...

@abbayabba I agree, but I think it’s only necessary to hold 3 (or 6) months of expenses in an emergency fund. Generally part of your salary would go to savings / discretionary spending and it’s unnecessary to allow for this in your emergency savings . Rather keep the emergency fund to the...

@freddied Passively managed is still managed. They set a LONG term view on the asset mix they want and rebalance to remain at that asset mix. (Nevermind the fact that a regulation 28 fund needs to make sure that they remain within the prescribed asset limits). Because assets gain / lose value...

Until you start paying income tax, a TFSA can be seen as a slightly better Alternative because of the lack of investment restrictions. But once you start paying substantial tax (eg 40%) then it becomes less clear. At this tax rate investing R2000 (after tax) in a TFSA Is equivalent to investing...

@artsycat Hi wassup - the biggest benefit of an RA is the fact that you get to invest your pre-tax income and thus lessen your income tax burden. I have no idea what an admitted attorney earns, but I assume it's pretty well, so would definitely recommend investing in an RA to reduce the already...

@freddied Sygnia skeleton is a passively managed fund - do your research

@resjudicata I think that even for a medium - long term goal (5-10 years) it’s definitely worth putting it in equities. ETF: S&P500 or MSCI world. The growth you’ll get on there far far exceeds any bank account interest (especially at current rates) and will make all the difference. For this...