JW
John W
1 reviews | Active since Mar 2009
27 Sept 2024, 13:08
Momentum FAIL
I have a Investo account / savings with Momentum. I requested a statement for this year by month as the fund was on returning a negative return: The admin cost this year are over 9k on a small amount. The admin costs is more than the returns. This is the admin fees as a percent of the contribution "this is Momentum" numbers. DO NOT INVEST WITH THEM: Month Admin Fee 1 Jan 2024 - 31 Jan 2024 3.76% 1 Feb 2024 - 29 Feb 2024 17.72% 1 Mar 2024 - 31 Mar 2024 17.95% 1 Apr 2024 - 30 Apr 2024 3.85% 1 May 2024 - 31 May 2024 17.38% 1 Jun 2024 - 30 Jun 2024 19.63% 1 Jul 2024 - 31 Jul 2024 4.39% 1 Aug 2024 - 31 Aug 2024 18.74% 1 Sep 2024 - 18 Sep 2024 18.37%
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Replies (5)0
Replies (5)
Momentum (SA)'s replyOfficial
27 Sept 2024, 13:41Good day
Your posting has been noted.
Please provide us with a policy or identity number in order to refer the matter to the relevant department for assistance.
Kind regards
NH
Your posting has been noted.
Please provide us with a policy or identity number in order to refer the matter to the relevant department for assistance.
Kind regards
NH
Momentum (SA)'s reply27 Sept 2024, 13:41
Official
Good day
Your posting has been noted.
Please provide us with a policy or identity number in order to refer the matter to the relevant department for assistance.
Kind regards
NH
Your posting has been noted.
Please provide us with a policy or identity number in order to refer the matter to the relevant department for assistance.
Kind regards
NH
Momentum (SA)'s replyOfficial
27 Sept 2024, 14:15Thank you, we have referred the posting to the Investo management team for assistance.
Momentum (SA)'s reply27 Sept 2024, 14:15
Official
Thank you, we have referred the posting to the Investo management team for assistance.
JW
John W's updateReviewer Update
27 Sept 2024, 14:30https://www.youtube.com/watch?v=0DpdxnU3JFk
JW
John W's update27 Sept 2024, 14:30
Reviewer Update
https://www.youtube.com/watch?v=0DpdxnU3JFk
JW
John W's updateReviewer Update
03 Oct 2024, 17:06Good day. No one has contacted me? is someone going to?
JW
John W's update03 Oct 2024, 17:06
Reviewer Update
Good day. No one has contacted me? is someone going to?
Momentum (SA)'s replyOfficial
04 Oct 2024, 08:52Dear John
Thank you for your message.
I have escalated your complaint to the Investo Management team for assistance.
Kind regards
mvdm
Thank you for your message.
I have escalated your complaint to the Investo Management team for assistance.
Kind regards
mvdm
Momentum (SA)'s reply04 Oct 2024, 08:52
Official
Dear John
Thank you for your message.
I have escalated your complaint to the Investo Management team for assistance.
Kind regards
mvdm
Thank you for your message.
I have escalated your complaint to the Investo Management team for assistance.
Kind regards
mvdm