EM
Elize M
1 reviews | Active since Nov 2020
08 Dec 2020, 10:31
Momentum Annuity Fund
If you have an Annuity with Momentum for a couple of years, PLEASE register and log into the website and make sure your investment is actually growing.
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Replies (4)0
Replies (4)
Momentum (SA)'s replyOfficial
08 Dec 2020, 11:20We fully agree with your advice to investors to continuously monitor their investments. When investments are subject to market risks, their value will fluctuate with the market. It is also important to regularly review the investment as an investor’s risk profile, personal circumstances and investment objectives may change over time. Hence it is also advisable for investors to consult with the financial adviser of their choice on a regular basis.
With your retirement annuity investments there are inherent risks associated with the investments that underlie the investment contract. As you may know there has been adverse market movements this year that influenced not only the global economies but also the performance of underlying funds and hence the value of your investment. The underlying funds you selected at inception may be changed at any given time by requesting a fund switch.
With your retirement annuity investments there are inherent risks associated with the investments that underlie the investment contract. As you may know there has been adverse market movements this year that influenced not only the global economies but also the performance of underlying funds and hence the value of your investment. The underlying funds you selected at inception may be changed at any given time by requesting a fund switch.
A retirement annuity is however a long-term investment in which the funds are generally not available before age 55 and this must be kept in mind with your investment strategy in future.
Kind regards
CK
Kind regards
CK
Momentum (SA)'s reply08 Dec 2020, 11:20
Official
We fully agree with your advice to investors to continuously monitor their investments. When investments are subject to market risks, their value will fluctuate with the market. It is also important to regularly review the investment as an investor’s risk profile, personal circumstances and investment objectives may change over time. Hence it is also advisable for investors to consult with the financial adviser of their choice on a regular basis.
With your retirement annuity investments there are inherent risks associated with the investments that underlie the investment contract. As you may know there has been adverse market movements this year that influenced not only the global economies but also the performance of underlying funds and hence the value of your investment. The underlying funds you selected at inception may be changed at any given time by requesting a fund switch.
With your retirement annuity investments there are inherent risks associated with the investments that underlie the investment contract. As you may know there has been adverse market movements this year that influenced not only the global economies but also the performance of underlying funds and hence the value of your investment. The underlying funds you selected at inception may be changed at any given time by requesting a fund switch.
A retirement annuity is however a long-term investment in which the funds are generally not available before age 55 and this must be kept in mind with your investment strategy in future.
Kind regards
CK
Kind regards
CK
EM
Elize M's updateReviewer Update
08 Dec 2020, 11:36I fully understand that, but one's broker who introduced the annuity to you should also regularly look at your investment, that is the reason why the normal person on the street require the expertise of a broker as we normally are not 'clued-up' enough to invest our money ourselves. Myself had a bad experience whereby mine was worth less than what I've invested into the annuity after 10 years.
EM
Elize M's update08 Dec 2020, 11:36
Reviewer Update
I fully understand that, but one's broker who introduced the annuity to you should also regularly look at your investment, that is the reason why the normal person on the street require the expertise of a broker as we normally are not 'clued-up' enough to invest our money ourselves. Myself had a bad experience whereby mine was worth less than what I've invested into the annuity after 10 years.
Momentum (SA)'s replyOfficial
08 Dec 2020, 11:46I have understanding for your concerns and I am truly sorry that your investment has to date not yet performed as per your expectations.
Kind regards
CK
Kind regards
CK
Momentum (SA)'s reply08 Dec 2020, 11:46
Official
I have understanding for your concerns and I am truly sorry that your investment has to date not yet performed as per your expectations.
Kind regards
CK
Kind regards
CK
EM
Elize M's updateReviewer Update
08 Dec 2020, 13:54I could've hidden the money under my mattress for all years then I would've had more than it was worth in Jan or Feb 2020. But all of this is beside the point, people with Annuities, please check regularly please. Unless you are confident that you have the best financial advisor who does that for you and not just for their commision.
EM
Elize M's update08 Dec 2020, 13:54
Reviewer Update
I could've hidden the money under my mattress for all years then I would've had more than it was worth in Jan or Feb 2020. But all of this is beside the point, people with Annuities, please check regularly please. Unless you are confident that you have the best financial advisor who does that for you and not just for their commision.