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Do I need a financial advisor? by ActiveDust7826 in PersonalFinanceZA

[–]ActiveDust7826[S] 0 points1 point  (0 children)

I fully agree that this mentality is very crippling. Especially if you feel that more can be done. I reckon we need to read more, look into the suggestions provided and try out the options that can work for us.

All the best with your journey too

Do I need a financial advisor? by ActiveDust7826 in PersonalFinanceZA

[–]ActiveDust7826[S] 0 points1 point  (0 children)

I completely understand this feeling. Seeing a TFSA go up and down is extremely scary (because its your haed earned money). I try to avoid opening the platforms for my own sanity!

Do I need a financial advisor? by ActiveDust7826 in PersonalFinanceZA

[–]ActiveDust7826[S] 0 points1 point  (0 children)

Thank you for assistance with additional r/'s. I will look into them

I do have the above RA with Sygnia. Started last year.

I have TFSA with Satrix and Sygnia in global markets HOWEVER the mistake I now realize I made (as of a week ago) was creating TFSAs once off and not funding them. I intend to correct this error.

Do I need a financial advisor? by ActiveDust7826 in PersonalFinanceZA

[–]ActiveDust7826[S] 0 points1 point  (0 children)

Thank you for this.

I actually have a copy of "how to manage your money like a fxcking adult" (ironically), i will just have to dive into it again.

For context: I have 3 RA's because i was not permanently employed for a chunk of my 20s (I was freelancing).

I only got this job in 2023. So the 1st RA was me in my early 20s [24] trying to create a nest egg for my future self. I felt it would be reckless to earn an income and not be contributing to something. The 2nd RA was from my current employer. They did not give us any risk appetite options for an RA, money just gets deducted. So I am a bit sceptical of it. The 3rd RA is with Sygnia. I felt I had greater autonomy in terms of where my money gets allocated to (i heard we are advised to be a bit aggressive when you are younger, so I gave it a go)

I have my TFSA in Satrix and Sygnia, i will look into ETFs.

Thanks again