EK provident fund choice
Jack,
Can you let us know when you get back into the market? I would be interested to see how this works out.
Thanks
The Don
Can you let us know when you get back into the market? I would be interested to see how this works out.
Thanks
The Don
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Hopefully already back in if this is happening!
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Market timing - the investment strategy designed, operated and proven to take money from people with $50,000 in the market and hand it (with a sly grin) to those with $50,000,000 in the market.
Erm...
Who is stating 54% ROI?
What is contributed by us and the Company (5 and 15% of base respectivley) is 100% transparent.
What you make on top of THAT is your ROI, and I'm at around 12%.
It's actually pretty simple maths Sit, who are YOU talking to?
Who is stating 54% ROI?
What is contributed by us and the Company (5 and 15% of base respectivley) is 100% transparent.
What you make on top of THAT is your ROI, and I'm at around 12%.
It's actually pretty simple maths Sit, who are YOU talking to?
Last edited by Wizofoz; 6th Mar 2013 at 17:20.
More fool you, Smiffy.
If you'd put everything into Gold when Sitty told you too, you'd be rich! (Provided you were rich+5% to start with!!)
If you'd put everything into Gold when Sitty told you too, you'd be rich! (Provided you were rich+5% to start with!!)
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@sitting
And putting all your retirement in precious metals is a better play? At least if you're in a mutual fund you're diversified.
But hey its your cash you do what you want with it. No living in my garage though if it all comes unraveled.
And putting all your retirement in precious metals is a better play? At least if you're in a mutual fund you're diversified.
But hey its your cash you do what you want with it. No living in my garage though if it all comes unraveled.
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I have an ROI of 42% over 11 years. So around 4% pa. Not really something fantastic. Made 5000 USD last week though. The people at Fidelity are merely financial salesmen. Not necessarily financially trained. So their advice comes with a disclaimer. I wish my job was like that.
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Just did the math.
I have paid in 217K USD and the value is now 250K USD.
The statement says my ROI is 42%. Actually it is only 15%.
How did they do their calculation?
I have paid in 217K USD and the value is now 250K USD.
The statement says my ROI is 42%. Actually it is only 15%.
How did they do their calculation?
Really?
I guess I owe sitting an apology. I always just check the balance, I haven't noticed any inflated claims re ROI.
Must indeed be some " creative" accounting.
I guess I owe sitting an apology. I always just check the balance, I haven't noticed any inflated claims re ROI.
Must indeed be some " creative" accounting.
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My personal belief is that the bid/spread exchange on fund changes and other hidden fees other than the advertised 1-2% are exorbitant.
I don't honestly don't know but when is the last time the EK provident scheme was audited?
I think it's a very easy target for huge hidden fees.
I don't honestly don't know but when is the last time the EK provident scheme was audited?
I think it's a very easy target for huge hidden fees.
Last edited by Saltaire; 11th Mar 2013 at 10:48.
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Don't know if this makes any more sense Payscale but in an oversimplistic way the way ROR was explained to me is:
The ROR is the growth for the selected time period divided by the average amount invested during the period.
So if you start with $0 and contribute $1,000 per month for 10 months and end up with $11,000 the ROR is calculated as follows:
The approximate average amount invested is $5,000 assuming no pay increase etcetera and the growth is $1,000 then the ROR is 20 % or thereabouts.
Before you ask, negative RORs are calculated the same way but look better as a percentage as a discount looks smaller than a mark up.
The ROR is the growth for the selected time period divided by the average amount invested during the period.
So if you start with $0 and contribute $1,000 per month for 10 months and end up with $11,000 the ROR is calculated as follows:
The approximate average amount invested is $5,000 assuming no pay increase etcetera and the growth is $1,000 then the ROR is 20 % or thereabouts.
Before you ask, negative RORs are calculated the same way but look better as a percentage as a discount looks smaller than a mark up.
It saddens me that Sitting confuses Annual ROR and Annualised ROR.
A fund grows at 100% in year x then drops by 50% in year y.
Annualised results show (100% + -50%)/2= 25%
If you ask a fund to determine your Total ROR this is what they do. It is highly inaccurate to the results you have with the fund. But it will show huge difference between a higher performing fund and a lesser performing fund.
Annual ROR results. ($100 X 100% = $200 X -50% =$100) so you started with $100 and finished with $100 so the annual ROR from year x to year y is zero.
If you look at the results of an individual fund over a period (Russel 90% fund from 2009 to 2013) they use this calculation. The differences between higher and lower performing funds will look smaller with this method (1 or 2 percentage points as opposed to 50 to 100 percentage points with method above, but a few percentage points makes a big difference when compounded over lots of years), however you can better determine how your investments are going. This result does not take into account fees etc.
Both types have their place. You just have to know how to use them.
The Don
A fund grows at 100% in year x then drops by 50% in year y.
Annualised results show (100% + -50%)/2= 25%
If you ask a fund to determine your Total ROR this is what they do. It is highly inaccurate to the results you have with the fund. But it will show huge difference between a higher performing fund and a lesser performing fund.
Annual ROR results. ($100 X 100% = $200 X -50% =$100) so you started with $100 and finished with $100 so the annual ROR from year x to year y is zero.
If you look at the results of an individual fund over a period (Russel 90% fund from 2009 to 2013) they use this calculation. The differences between higher and lower performing funds will look smaller with this method (1 or 2 percentage points as opposed to 50 to 100 percentage points with method above, but a few percentage points makes a big difference when compounded over lots of years), however you can better determine how your investments are going. This result does not take into account fees etc.
Both types have their place. You just have to know how to use them.
The Don
