Investment advice for a student

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CrazYmonkeY159

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Hi all

I have been working over the holiday periods for 2 years and tutoring here and there and have saved up quite abit of money. This money is however sitting in a student account not even earning interest.

I would like to put this money to work, Im looking to put it away for 3 years give or take ( I have to complete Honours this year and want to do masters next year thats why i chose 3 years)

I have been reading up on Allen Gray's Balanced/Stable fund as a potential option

I am still a student and still supported by my parents and partially self supported through tutoring etc.

Do you think this is a good idea, unfortunately I have 0 financial background and just as many friends in that field.

My mom sugested that i just throw it into a 36month fixed deposit at FNB (safer choice)

Thanks for help!

CM
 
CrazYmonkeY159 said:
Hi all

I have been working over the holiday periods for 2 years and tutoring here and there and have saved up quite abit of money. This money is however sitting in a student account not even earning interest.

I would like to put this money to work, Im looking to put it away for 3 years give or take ( I have to complete Honours this year and want to do masters next year thats why i chose 3 years)

I have been reading up on Allen Gray's Balanced/Stable fund as a potential option

I am still a student and still supported by my parents and partially self supported through tutoring etc.

Do you think this is a good idea, unfortunately I have 0 financial background and just as many friends in that field.

My mom sugested that i just throw it into a 36month fixed deposit at FNB (safer choice)

Thanks for help!

CM
Click to expand...

The balanced fund is slightly riskier, but the reward should be higher than throwing it into a fixed deposit.
Also, if you do need the cash for an unexpected emergency you will have easier access to it with Allan Gray than with any fixed deposit.
 
eehellfire said:
The balanced fund is slightly riskier, but the reward should be higher than throwing it into a fixed deposit.
Also, if you do need the cash for an unexpected emergency you will have easier access to it with Allan Gray than with any fixed deposit.
Click to expand...

Terms and conditions apply.
eehellfire is not an authorised financial services provider.
 
if it's more than R100k, assign it to a hedge fund and add about 2k or more p/m. In 3 years you will profit.

same disclaimer as eehellfire
 
+1 as above.

I had some money that I could "risk", not throw away, so I put mine into one of Absa's General Funds running off selected JSE top40 accounts (after some reading up etc etc) (this fund has over R18b in it so it's a safe bet as it's Absa's oldest fund too).
My money has gained a lot more than a savings account would and assuming that the stock exchange doesnt crash, I will probably continue to sit on my 7-8%pa investment.
 
Dear Sir

I am approaching you in greatest confidence. I am a bank employee of the Great Nigerian 419 Bank of Nigeria.
I apologise for the reason for my contacting of you in this manner but you must understand my need for urgency and the greatest of secrecy....

Sorry, I couldn't resist :-)
 
froot said:
+1 as above.

I had some money that I could "risk", not throw away, so I put mine into one of Absa's General Funds running off selected JSE top40 accounts (after some reading up etc etc) (this fund has over R18b in it so it's a safe bet as it's Absa's oldest fund too).
My money has gained a lot more than a savings account would and assuming that the stock exchange doesnt crash, I will probably continue to sit on my 7-8%pa investment.
Click to expand...

BTW, a proper broker and/or hedge fund can get you 12% p/a with minimal risk :)
 
UnUnOctium said:
if it's more than R100k, assign it to a hedge fund and add about 2k or more p/m. In 3 years you will profit.

same disclaimer as eehellfire
Click to expand...

Please define a hedge fund, and maybe give examples of some one could look at.

Thanks
 
How much money are we talking about? 10k or 100k? If is less then 10k don't even bother.
 
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