Investment help please

Lament

Lament

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Hi
Okay, first my scenario
Let’s say I have 100K that I want to invest, but I can’t invest it for longer than a year at a time, I can afford to pay between R500 and R1000 into this investment per month.
The best I personally thing is going with Capitec
http://www.capitecbank.co.za/personal-banking/save/rates

Now my question is, is this the best option with the best growth?, or what would you recommend??
If any brokers are on this forum, you can PM me as well and we can have a meeting
 
You have 100k and you want to put it in a savings account? I'm no broker, but you can do much better. To benefit out of it, you want at the very least, 8-9% pa. If you put the money to good use you can get 20-30% out of it.
 
froot said:
You have 100k and you want to put it in a savings account? I'm no broker, but you can do much better. To benefit out of it, you want at the very least, 8-9% pa. If you put the money to good use you can get 20-30% out of it.
Click to expand...

as i have said before, do share.

genuinely interested
 
froot said:
You have 100k and you want to put it in a savings account? I'm no broker, but you can do much better. To benefit out of it, you want at the very least, 8-9% pa. If you put the money to good use you can get 20-30% out of it.
Click to expand...

But with risks to the capital amount.
OP what do you mean you "can't invest it for longer than a year at a time"?
 
eehellfire said:
But with risks to the capital amount.
OP what do you mean you "can't invest it for longer than a year at a time"?
Click to expand...

he probably means he needs to have access to it within a year at the most, like myself at the point in my life i am at i will need access to my savings on a relatively short notice (3-6 months) should i need it.

soz for the high jack but i think him and me are looking at the same sort of thing, just his a lot more money :p

basically least/no risk with highest return with short term availability and low fee's
 
D3x! said:
as i have said before, do share.

genuinely interested
Click to expand...

Stock exchange. Managed funds, etc.
Taking for example, I have some of my funds invested at Absa's Managed Funds. I'm sitting at somewhere in the 20% at the moment for the last year.
Friend of mine is sitting (managing it himself) at 60-something percent (ok, admittedly, he does it for a living).

eehellfire said:
But with risks to the capital amount.
OP what do you mean you "can't invest it for longer than a year at a time"?
Click to expand...

Oh but of course. No risk, no reward.
 
froot said:
Stock exchange. Managed funds, etc.
Taking for example, I have some of my funds invested at Absa's Managed Funds. I'm sitting at somewhere in the 20% at the moment for the last year.
Friend of mine is sitting (managing it himself) at 60-something percent (ok, admittedly, he does it for a living).
Oh but of course. No risk, no reward.
Click to expand...

how much risk
 
Do you have a bond? If so, your best return is paying it into your bond, over and above your normal monthly contribution. Remember the JSE only returned 2% over the last years results, ultimately meaning a 3 - 4% loss aftger inflation. Your interest saving on a bond will be 8 -11% (dependant on your interest rate) which is in turn a return on your investment.
 
Wasp_21 said:
Do you have a bond? If so, your best return is paying it into your bond, over and above your normal monthly contribution. Remember the JSE only returned 2% over the last years results, ultimately meaning a 3 - 4% loss aftger inflation. Your interest saving on a bond will be 8 -11% (dependant on your interest rate) which is in turn a return on your investment.
Click to expand...

yeah obviously paying off debt, i.e a car or house is better, i.e if you have a car at 12% interest it is better paying it off than earning 6-8% interest etc
 
D3x! said:
he probably means he needs to have access to it within a year at the most, like myself at the point in my life i am at i will need access to my savings on a relatively short notice (3-6 months) should i need it.

soz for the high jack but i think him and me are looking at the same sort of thing, just his a lot more money :p

basically least/no risk with highest return with short term availability and low fee's
Click to expand...

Exactly this, i might need to money (the company i'm working for is retrenching and no one is safe)
the only debt i have is my car, i don't want to put the money into that dept because i know if i pay of my car I'll just adjust my living standard and will never force myself in saving....
But if the mieliepap hits the fan i would like knowing i have the money to cover myself (or my car dept at least), and if nothing happens at least i would have saved up a few buck. I'll be honest, i don't like risks and would rather settle for a lesser amount knowing i'll get it back rather than gambling and risking losing everything. (I'm pissed if i even lose R100 at a casino, then the sadness kicks in :-(

So is the Capitec the safest route?, i mean if i can push the amount i have over 100k in the next year or so my interest goes up to 8.2%, that's not bad is it?, and if i understand correctly interest rates will be going up in the near future, so isn't it better if i invest in 6month/12mont plans each time rather than going for a fixed 6% over 5 years?

I'm to scared to play with the Stock Exchange (rather give me Exchange Server :p) and have no idea of how Absa Managed funds work, do i go into the branch for this where someone can explain what my best options are with the least amount of risk?
I had a broker who did all this for me, somehow i lost his number
 
I was also holding off paying my car, much like you but I eventually bit the bullet, dude do it. Just get a settlemt figure and work out how much you will save.

But yeah I like the look of those capitec rates and may actually be moving some savings there soon :) unless anyone has better options?

And how is their service?
 
NBS said:
Exactly this, i might need to money (the company i'm working for is retrenching and no one is safe)
the only debt i have is my car, i don't want to put the money into that dept because i know if i pay of my car I'll just adjust my living standard and will never force myself in saving....
But if the mieliepap hits the fan i would like knowing i have the money to cover myself (or my car dept at least), and if nothing happens at least i would have saved up a few buck. I'll be honest, i don't like risks and would rather settle for a lesser amount knowing i'll get it back rather than gambling and risking losing everything. (I'm pissed if i even lose R100 at a casino, then the sadness kicks in :-(

So is the Capitec the safest route?, i mean if i can push the amount i have over 100k in the next year or so my interest goes up to 8.2%, that's not bad is it?, and if i understand correctly interest rates will be going up in the near future, so isn't it better if i invest in 6month/12mont plans each time rather than going for a fixed 6% over 5 years?

I'm to scared to play with the Stock Exchange (rather give me Exchange Server :p) and have no idea of how Absa Managed funds work, do i go into the branch for this where someone can explain what my best options are with the least amount of risk?
I had a broker who did all this for me, somehow i lost his number
Click to expand...

To get over 8% with Capitec you would have to invest for 49-60 months so your first criteria of a year term is out the window.
 
D3x! said:
Hmmm wtf, how do they give a 6% rate below R10k but 4.xx over that :wtf:
Click to expand...

Their target market is the people who less. This way they can get a larger customer base since all the "poor" people will go to them moving away from scary giants like SB, FNB and ABSA. My theory anyways.
 
Hamster said:
Their target market is the people who less. This way they can get a larger customer base since all the "poor" people will go to them moving away from scary giants like SB, FNB and ABSA. My theory anyways.
Click to expand...

So could you open multiple accounts? :D
 
Hamster said:
Their target market is the people who less. This way they can get a larger customer base since all the "poor" people will go to them moving away from scary giants like SB, FNB and ABSA. My theory anyways.
Click to expand...

You trying to say I'm poor? :D
 
D3x! said:
I was also holding off paying my car, much like you but I eventually bit the bullet, dude do it. Just get a settlemt figure and work out how much you will save.

But yeah I like the look of those capitec rates and may actually be moving some savings there soon :) unless anyone has better options?

And how is their service?
Click to expand...

Sho, man, it's a bitter pill to swallow, I've been saving this money since I was 18, that's 10 years, that's longer than I have had a license, to think I have to give up 10 years savings for a car that will not even match that amount when trading in, it's hard.....It makes sense, I will save a huge amount short term and probably long term, but I'm scared If I give it up now I'll struggle to save that amount again.....
 
NBS said:
Sho, man, it's a bitter pill to swallow, I've been saving this money since I was 18, that's 10 years, that's longer than I have had a license, to think I have to give up 10 years savings for a car that will not even match that amount when trading in, it's hard.....It makes sense, I will save a huge amount short term and probably long term, but I'm scared If I give it up now I'll struggle to save that amount again.....
Click to expand...


Yeah me as well, but put it this way, either you can have discipline, or you can force yourself to have discipline by setting up an automated payment to take that money that would have gone for the car to a savings account, like one where you have a 32 or 3 month notice period etc
 
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