Complaint / review text:
Took my money out of absa money market to invest at glasier by sanlam. Was told that my money growth at absa is to slow could have made more money if invested in a beter fund.
Estimate: in 4 monhs i've already lost r6 000 of my capital. If it remained at absa money market my capital would have grown by at least r6 500 by now. I have lost r12 500 in 4 months time taking into account the interest that i've lost and the capital that i've lost.
Same with my stratus policy where i'm also in the process of loosing my capital on a daily basis.
Please never ever consider to invest at sanlam glasier or listen to any advisor to do so. Please note they sell your shares to make sure the advisor and themselves get their fee/salary each month and you as customer must pay the income tax on it as well.
They are quick to talk you into investment, but they don't do anything to see that funds get moved to other funds where the growth are better.
So clear that you as investor invest for their pockets and not for yours.
If i wan't to withdraw my money i'm even going to loss more, because of the poor market.
It is better for an investment to grow slow as not at all as in my case