If you had R3mil available - what would you do?

kfc4unme

Well-Known Member
Joined
Dec 27, 2016
Messages
373
I too would emigrate asap. That's the plan. Only thing holding me back now is my finances.
 

ld13

Honorary Master
Joined
Oct 28, 2005
Messages
11,133
Many territories where that could be legally invested tax-free. Just in a fixed bank deposit it's possible to earn 8 to 12 percent p/a. In higher risk currencies of course - that would be the caveat naturally.
I have thought about investing overseas, but have not even started that research. Figures based on 9.65% p.a fixed deposit @ finbond. Need to look into that asap for my parents, start moving some money overseas - all their eggs are currently in SA.
 

Milano

Honorary Master
Joined
Feb 7, 2004
Messages
11,744
I have thought about investing overseas, but have not even started that research. Figures based on 9.65% p.a fixed deposit @ finbond. Need to look into that asap for my parents, start moving some money overseas - all their eggs are currently in SA.
Agreed all eggs in SA is a risky place to be. Not sure that tax-free will be a possibility while still an SA resident though.
 

Sepeng

Expert Member
Joined
Dec 12, 2011
Messages
1,373
Buy a Porsche GT3 RS. Have some fun for a year then hopefully sell it for the same or more.

That's a wonderful ROI if you ask me.
 

OCP

Expert Member
Joined
Jan 23, 2014
Messages
3,123
1. not tell *anybody*
2. pay off debt
3. invest the remainder overseas
 

Milano

Honorary Master
Joined
Feb 7, 2004
Messages
11,744
Personally would not invest locally. Would use it to emigrate.
Settle debt, get my affairs in order, organise to emigrate and invest overseas.
Leave SA sooner than expected.
I'd leave SA tomorrow.
I would leave SA.
I too would emigrate asap. That's the plan. Only thing holding me back now is my finances.
Emigrate.
Which would be your top 3 emigration destinations?
 

ReeceDBN031

Senior Member
Joined
Aug 28, 2018
Messages
691
hmm.. settle my debt.. buy a flat.. then buy a house.
rent out the flat.. live in the house.
Would move the rest into a retirement fund.

oh yea.. would probably take my wife to paris..
 
Last edited:

MightyQuin

Honorary Master
Joined
Oct 6, 2010
Messages
13,501
It's nice to dream sometimes, so I'm interested in hearing what kind of business would you start tomorrow if you had R3mil lying around, and following up from that, how much would it cost to start your ideal business and what would it be?
Why 3mil ? What made you decide on that small, weird amount with which no one can retire or really do anything?

I have R110 mil already spent in the most minute detail...
 

cguy

Expert Member
Joined
Jan 2, 2013
Messages
4,775
If someone had to just give that to me (post tax), I would donate half of it and go on vacation with the other half.
 
Top