Investment advice

[ClintZA]

R250k is not too much. Buy some RSA Retail Bonds or else consider an investment with Coronation or Allan Grey. But use it as a start and invest something each month. Compound interest will do the rest of the work for you.

Sorry but it irks me when people offer up names of asset managers as investment advice. With both those companies you have a range of portfolios ranging from conservative to aggressive to choose from. Saying invest with one of them is not advice but, seemingly, just name dropping companies that you've heard of.

 

[marco]

With the R4k i pump into ABSA every month , i might buy a apartment/flat/house and rent it out if there is a good return.
Guess will just have to see how it all works.

Currently getting 4.5% pa from my investment advantage account.

Buying property will give you around 10% pa and big headaches. Renovations and upkeep takes a toll on your returns. Not worth it. Never mind non paying tenants.
Getting 4.5% is just not keeping up with inflation. You can do much better on the JSE with Satrix. A very conservative 25%PA.
It is almost the same the same as a bank account. You can sell a portion and get it transferred to your bank within 2 days.
As I type, my cell went off to say that my CML divi has been transferred to my bank as I requested.

 

[MKFrost]

This may be of some help

http://www.skimpy.co.za/lang-en/Fixed-deposits?telestis=έως&minimum=0&resetyesno=yes&page=2

Edit: On R250k it looks like Capitec offers the best at 8.5% but that is for 49 months. Just type in the amount you want to invest and hit the 'Show' button

 

[IziWhatNow]

The percentages given above is misleading. Remember that you invest in property with other people's money (the banks and your tenants).

So say you have R300k and by 3 small flats by putting down R100k deposit for each. At first you might have a small shortfall per month, but soon your tenants will be paying your mortgage, and when all properties are payed off you get all the monthly income PLUS sit with the capital of 3 properties that has grown 5 to 10% each year

 

[marco]

A measly return don't you think?
Go for Satrix. No painting needed or any repairs or court fees. The big plus is you get double the gains of rental property.

 

[Mytopic]

If you really does have enough of amount saved and thinking of investment. Then you need to use it wisely and made right decisions in concern of investment. Don't invest all your money in a single company/sector, as it will not be wise decision to put all your money at risk. So make proper portfolio for your investment.
supported living queensland

 

[marco]

Property stocks or Property UT's have a different TAX Structure than other shares. Ask Clint about this. As far as I know, you pay more tax with property stuff.
Always take TAX into consideration when investing.

 

[Sly21C]

This is not an long term investment , meaning i would like full access to the money.

Thanks for the advice !!! ... The cash is not intended for anything specific. I'm currently pumping +/- R4K into the account every month. The initial purpouse for the investment was for a new car, but decided against it as my current car is good enough and paid for.

Do you still need immediate accent to your money? If not then you can look into buying vacant land? No need to deal with tenants and drama. But it must be land in an area where migrants won't settle on your land illegally. Depending on your age, i.e. if you are young you can risk some of your money and play the stock markets. The JSE has been hitting all time highs so it's something you should consider. Standard Bank Online Share Trading offers free courses for their clients which are very helpful and educational. Like others have already said, 4.5% annual increase is not enough to beat inflation. The JSE All Share Index was up about 22% last year, way better than 4.5% or even 8.5%. If you want to go into buying shares, blue chip stocks are safer than penny shares.

 

[caiphusn]

My salary is taken by debts about 2/3 of it how can i save?

 

[caiphusn]

I heard a lot of people saying that investing in property would be ideal. Like buying , then renting out that property. Though personally i dont want the headache with renters and the other things that go with it.

but eventually you will be investing on that property and trust me man, investments on properties is bad idea.

 

[Sly21C]

but eventually you will be investing on that property and trust me man, investments on properties is bad idea.

I'm curious to know your reason(s) why it's a bad idea.....

 

[nakedpeanut]

My salary is taken by debts about 2/3 of it how can i save?

Depends..

*Assumptions:
- Did you have to buy that car? Couldn't you have gotten a cheaper one?
- Are you paying too much for insurance?
- Are you trying to settle your debts as quick as possible to avoid interest?

There are lots of ways of cutting back on spending.
Of course everyone's situation is different. Like do you have kids?
If you only getting R10k net pm then that's understandable. Only you know where your money goes, and well SARS