Investing R100K

[Candystore]

Advice on where to invest R100K for the best returns, fairly conservatively due to the investor's advanced age.

All eggs are currently in the Discovery basket. Would like to diversify.

 

[backstreetboy]

GoalSave - Savings Account - TymeBank | South Africa

Save for your goals and get some of the best interest rates in South Africa. Interest rates that grow over time with Tymbank's GoalSave savings account. Bank. TymeBank, South Africa. Earn the 11%* interest rate ‘Kicker’ when you perform 10 or more transactions for 3 consecutive months, and give...

www.tymebank.co.za

 

[derp90]

Coronation, Sygnia, Allan Gray, etc. Pick one, they're all much the same I reckon.

 

[Candystore]

GoalSave - Savings Account - TymeBank | South Africa

Save for your goals and get some of the best interest rates in South Africa. Interest rates that grow over time with Tymbank's GoalSave savings account. Bank. TymeBank, South Africa. Earn the 11%* interest rate ‘Kicker’ when you perform 10 or more transactions for 3 consecutive months, and give...

www.tymebank.co.za

Interest rate 8%?

 

[backstreetboy]

Interest rate?

It's all there on the page... 6% after 90 days and 7% if you give a 10 day heads-up...

 

[Candystore]

It's all there on the page... 6% after 90 days and 7% if you give a 10 day heads-up

Banking fees/costs as low as Capitec?

 

[CamiKaze]

Interest rate 8%?

7%.
8% if you get your salary paid into it.

 

[backstreetboy]

Banking fees/costs as low as Capitec?

Free bank account with free EFT's and DO's. Cash withdrawal at R9 per R1k. Cheapest bank account around.

 

[Candystore]

Free bank account with free EFT's and DO's. Cash withdrawal at R9 per R1k. Cheapest bank account around.

That seems like an obvious choice then. Discovery offers just over 5% if invested for a year, probably because of fees for fund management.

 

[Candystore]

Also, the Capitec option is good. Up to 7,7%.

Fixed-Term Savings Plan (Single Deposit Option) | Save | Capitec Bank

 

[Adhvik]

Sygnia 4th Industrial Revolution

 

[backstreetboy]

Sygnia 4th Industrial Revolution

Global financial crash is looming...

 

[bromster]

If you are going to invest conservatively, you must be prepared for lower than average performance in the single digits. Central banks will be trying their best to prevent interest rates from climbing and inflation going up, because this could crash the property market when people can't afford their mortgages.

If you have an appetite for a little more risk, consider an ETF in an industry which should be insulated against a stock market crash (which is seeming increasingly likely). Stuff like electric vehicles, rare earth metals, specifically clean energy considering the momentum "the great Reset" is trying to gather.

Do NOT buy Crypto with money you cannot afford to lose.

 

[Ares1000101]

GME

 

[mugikhan]

Global financial crash is looming...

Been looming for a year

 

[K T]

Advice on where to invest R100K for the best returns, fairly conservatively due to the investor's advanced age.

All eggs are currently in the Discovery basket. Would like to diversify.

Advanced beyond 55?

 

[jezzad]

Sygnia 4th Industrial Revolution

This, seen a 30% gain over the last year. High risk but things really are cruising along nicely.

 

[Gtx Gaming]

BTC, go big or go home.

 

[NarrowBandFtw]

BTC, go big or go home.

was gonna say the same, but the OP did say "conservatively" which isn't crypto in any way shape or form currently

 

[Sideshow Bob]

Sygnia 4th Industrial Revolution

erm..

fairly conservatively due to the investor's advanced age.