shogolist4jesus
New member
Hi folks. I've decided to become a grown-up and make active decisions about my future. One of those has been to reassess my RA. About 10 years ago I unthinkingly did what my parent's financial advisor said I should do and started contributing to a Sanlam Glacier RA. While not the most expensive, 2.17% plus 0.5% to the advisor is a lot more than I could be paying. The question is what to choose.
Everywhere I look, people seem to really like Sygnia's Skeleton Balanced 70 fund. However, I have a concern about it that I'm not sure how to resolve. According to their fund fact sheet, the fund has performed at7.8% to date. 10x has performed much better from what I can see.
Obviously, no consumer can control or predict performance and I certainly don't want to watch my RA. I want to make a good choice and try not to think about it too much. I guess it's all a gamble in the end, which fund would've been the best in 20 years time, which is why choosing the lowest fees is the one thing you can control...
Anyway, my specific questions are:
Everywhere I look, people seem to really like Sygnia's Skeleton Balanced 70 fund. However, I have a concern about it that I'm not sure how to resolve. According to their fund fact sheet, the fund has performed at7.8% to date. 10x has performed much better from what I can see.
Obviously, no consumer can control or predict performance and I certainly don't want to watch my RA. I want to make a good choice and try not to think about it too much. I guess it's all a gamble in the end, which fund would've been the best in 20 years time, which is why choosing the lowest fees is the one thing you can control...
Anyway, my specific questions are:
- Am I being wrongheaded being concerned about the Skeleton Balanced 70 fund's comparative performance to date?
- From what I can tell, with the current economic climate, the basket of assets that make up my RA has lost a fair amount of value. Is there any sense in holding off on moving my RA, considering this?
- I've been thinking of starting a second RA as an alternative to moving my RA investment (perhaps even as a transitionary step). The one warning against this that I've had is reg 28 (although as a South African, I'm sceptical of any consequence given govt powers to enforce anything). Does anyone else have more than one RA product? How d you manage it?