Investment question...

TFSA all the way.

Still have a good 15-years to benefit from it. Even long if you use it last.

Do it yourself on Easy Equities. Pretty much can’t go wrong with any of the ETF’s allowed in the portfolio.
 
Put it all into settling the car. Then put the equivalent of the car payment into settling the bond. Then after the bond is settled, invest the equivalent of the car + bond payment.
 
3WA said:
Put it all into settling the car. Then put the equivalent of the car payment into settling the bond. Then after the bond is settled, invest the equivalent of the car + bond payment.
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If the discipline is there to pull this off then it really is the best option.

If the discipline isn’t there rather invest it away.
 
SauRoNZA said:
TFSA all the way.

Still have a good 15-years to benefit from it. Even long if you use it last.

Do it yourself on Easy Equities. Pretty much can’t go wrong with any of the ETF’s allowed in the portfolio.
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Oh it can go wrong if you have my luck
 

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Hackson said:
Oh it can go wrong if you have my luck
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How long though? Odds are in 10-15 years that’s a little blip on the radar.

Don’t take short term views on investments.

But yeah I would never invest in anything near as focused as that to start with.

World funds all the way.

Sygnia 4th Industrial is burning my ass pretty hard as well, but it’s <5 years so not worth even thinking about and therefore I just ignore it.

ETF’s generally should be disregarded for 5 years before any decisions are made. And even then I don’t sell, I just stop adding more and switch to something else going forward and that way I don’t realise any losses and gain on recovery.
 
3WA said:
Put it all into settling the car. Then put the equivalent of the car payment into settling the bond. Then after the bond is settled, invest the equivalent of the car + bond payment.
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This.

Also is this once off or ongoing? ALWAYS SETTLE DEBT FIRST.

IF YOU DONT YOU ARE INVESTING USING DEBT the chances of you getting higher returns on investment vs debt isnt impossible BUT VERY SLIM
 
The Door said:
50 years old
What would you do with, say, R20k with the aim of upping your retirement funding (and possibly reduce tax - not 100% required)?
I don't mind going a bit more aggressive...
I don't have any TFSA
I'm happy to consider all options that you think would be a healthy way to build a bigger portfolio with the aim of retirement in 5-15 years.

I do have a bond and car so I assume it would be ideal to settle those first, but perhaps that's not always the case.
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Pay off the car and bond as per normal.

Since investing is not your thing.

I'd stay put the 20 k in a Satrix Tax free account, add R100 or so a month to it, or whenever you have spare cash.
Also open an RA. Satrix seem to have a decent one, you get some tax back from that. So happiness once a year.

That'll get you into investing.

I'm saying Satrix because its cheap, simple, and you can add and remove small amounts. Also no advisor needed.
 
The Door said:
Per month.
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Car then bond in that case. You don't have to settle both, just until you kill off enough interest that the capital and contractual balance are close enough to each other.

Then you can start investing. Reason for not waiting until it's settled is the sooner you start investing, the sooner you can get it compounding. But obviously you don't want the interest from your liabilities eating into that...
 
Mike Hoxbig said:
Car then bond in that case. You don't have to settle both, just until you kill off enough interest that the capital and contractual balance are close enough to each other.

Then you can start investing. Reason for not waiting until it's settled is the sooner you start investing, the sooner you can get it compounding. But obviously you don't want the interest from your liabilities eating into that...
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Interest compounds too. Simple maths says kill the car loan and bond first before looking to invest.
 
Speedster said:
Interest compounds too. Simple maths says kill the car loan and bond first before looking to invest.
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this.

Then dont make the mistake of living beyond your means. With that extra portion you can set yourself up very nicely!
 
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