ASK AN ADVISOR

Finding a platform is easy enough, it’s picking the sector and the individual stocks within that sector that is more tricky.

And if you don't rectify the breach, what are the implications?

If you sell your stock, you will realise the 46% loss.

And which unit trust fund would be best should I want to invest one?

It's important to know what the various providers can and cannot offer you.

Our options are tax-free savings accounts, retirement annuities and endowment policies.

You can transfer your retirement annuity to a Lisp-based retirement annuity with the same provider.

There is no benefit to what you are proposing, and the risk of incurring a higher tax liability.

Foreign exchange control regulations prevent this – but once you receive your income in rands you can transfer it to an offshore bank account.

It claims the return on your investment can be up to 65% in 30 days.

If the aim is to get maximum global exposure and the drawdown is taken 100% from local funds, how much should be invested in the local fund?

The term of your investment will play a big role in which products are suitable for your circumstances.

Comparing the return of your portfolio to the rate you are paying would be the first step to calculate what is best.

And what other platforms encourage investors to invest in a cheaper way?

There are several possible steps: lodge a complaint with the brokers. If the outcome's unsatisfactory, approach the ombud. If the loss exceeds R800 000, consider instituting a civil claim.