Investing R100K

[supersunbird]

erm..

They must be 30%s. can't read and comprehend...

 

[Ares1000101]

GME

@OP, you'd have doubled your money already...

This is not financial advise. I eat crayons.

 

[Ziadhorat]

@OP, you'd have doubled your money already...

This is not financial advise. I eat crayons.

The current rise made me 50% in 2 weeks.
First time I didnt put too much in, this time i put abit more (around double).
Very glad I did, just sad i didnt put more, time to average up i guess?

again, not financial advice, im just a clown.

 

[Candystore]

Advanced beyond 55?

Yes.

 

[Academic]

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.

RSA retail inflation linked bonds. Inflation + 5% guaranteed. Apply at PicknPay.

 

[mr_norris]

Inflation + 5% guaranteed.

Where do you see that it's inflation + 5%? Only fixed at 10 years seems to hit inflation + 5%:



That's from here: https://secure.rsaretailbonds.gov.za/rates.aspx

 

[Magnum]

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

Went SSIEA (Skelekton) and got 24% for the Year since Feb last year. Really not bad taking Covid into account.

 

[Academic]

RSA retail inflation linked bonds. Inflation + 5% guaranteed. Apply at PicknPay.

Not as good as it used to be. Real 4.75% for supposedly risk-free is still good.

 

[chrisc]

African Bank - 11.1% over 5 years

 

[diapason]

RSA retail inflation linked bonds. Inflation + 5% guaranteed. Apply at PicknPay.

I think it is many years since Pick n Pay sold them.

 

[Johnatan56]

African Bank - 11.1% over 5 years

That's misleading, it's 11.1% assuming you include the interest compounded, so its annual effective is closer to 8% (don't have a calc or paper on hand to get real, but the 7/8% with ten day notice is better mentioned earlier as quicker access).

 

[Dairyfarmer]

Off shore in something like Stanlib Global Equities. I have R450k in USD. It has grown over USD5k in 8 months averaging USD22 per day.

 

[TStringList]

Off shore in something like Stanlib Global Equities. I have R450k in USD. It has grown over USD5k in 8 months averaging USD22 per day.

Can you buy shares in stocks like Tesla with this?

 

[Dairyfarmer]

Can you buy shares in stocks like Tesla with this?

No, you don't choose the companies they invest in. Speak to your broker and they can tell you the current companies they invest in.

 

[K T]

Yes.

Over the age of 55 you can cash out an RA below 200K tax-free every year, as long as it is from a different provider each year.
So if you are paying tax on other income SARS will subsidize your RA contributions and your 100K becomes 100K plus your tax rate percentage

 

[Academic]

Over the age of 55 you can cash out an RA below 200K tax-free every year, as long as it is from a different provider each year.
So if you are paying tax on other income SARS will subsidize your RA contributions and your 100K becomes 100K plus your tax rate percentage

Unfortunately not true. Payments from RA's and retirement funds are cumulative and taxed according to a table depending on where your cumalative total places you. If you previously used the tax free amount then you wont get it again.

 

[K T]

Unfortunately not true. Payments from RA's and retirement funds are cumulative and taxed according to a table depending on where your cumalative total places you. If you previously used the tax free amount then you wont get it again.

I am led to believe that if it is a new institution and less than 200K each year then it is below the "radar". But I am no expert on tax matters.