Money invest

[bavmorda]

Hi guys,

I know it's been discussed before, but what would you suggest to where should i try to keep some money. Nothing risky, just to get a better rate then 4-4.5, then what most banks are giving at the moment.

 

[Hendrix]

How much and for how long?

 

[supersunbird]

How accessible should the money be?

 

[bavmorda]

Have not really thought about it. Would prefer to put them on some sort of deposit, that can have access to them if i need. For few years i suppose But again should be able to have access to the money with let's say 2 months notice. I'm not looking for a big returns or huge profits. Just looking to get better rate then current. Should be able also to put more money every month as well.
Dono if such thing exist, but would be nice.

 

[R13...]

If you can't stomach any sort of risk then you should put it in a money market account. You will unfortunately only earn about 4 - 5% (or slightly more depending on the amount and the guaranteed period you're willing to leave it in).

 

[LaraC]

I think this site will be able to assist you.
Some commercial banks also offer returns of 5.5% depending on the amount you invest whist your funds is available on request.
If you are looking for better returns it is best to consult with specialists.

 

[Gnarls]

Don't know if you have a mortgage but if you do you could do worse than park it there.

 

[bavmorda]

I think this site will be able to assist you.
Some commercial banks also offer returns of 5.5% depending on the amount you invest whist your funds is available on request.
If you are looking for better returns it is best to consult with specialists.

Thanks Lara will have a look.

 

[bavmorda]

Also guys what do you think about unit trusts. How safe are they and which bank will be better to go with. Almost done with the mortgage, that is why looking for some better options then Capitec 4-4.5 p/a.

 

[IzZzy]

And if you're looking to invest a sizeable amount per month for the next two years, and require access to it sporadically (to make payments), what would be the best option?

After two years, I would need complete access to it.

 

[LaraC]

And if you're looking to invest a sizeable amount per month for the next two years, and require access to it sporadically (to make payments), what would be the best option?

After two years, I would need complete access to it.

I'm not sure if banks will allow payments from deposit accounts, some allow you to make additional deposits though.
If you are interested look at Investec rates. R100k minimum.

 

[Alton Turner Blackwood]

If its more than 20k, drop it in the AG Equity Fund. Then you can add as you wish monthly.

 

[Gnarls]

Satrix?

 

[bavmorda]

To bump up my own thread a little, did some research and satrix looks/ed like a good option, but then came across FNB share saver and for the god of me after doing some research and reading still not sure what is the difference between the two apart from the higher satrix rates. Please if some one can explain i will be really grateful. In simplest way if possible Thanks in advance.

 

[supersunbird]

To bump up my own thread a little, did some research and satrix looks/ed like a good option, but then came across FNB share saver and for the god of me after doing some research and reading still not sure what is the difference between the two apart from the higher satrix rates. Please if some one can explain i will be really grateful. In simplest way if possible Thanks in advance.

Well, if you have an FNB account already (or will move over) its good. I couldn't justify the price since I'm with Capitec and I ain't moving.

No Satrix product or product combination will give you exposure to the "Top 100" like this Share Saver would, so it is a different product since you get midcap company exposure too.

Now a lot of the Top 40 companies get income from overseas business activities as well as local, so that's a diversification into outside markets too to an extend. I figure the Share Saver might give you more exposure to the risks (and rewards) of the local economy due to the midcaps, but obviously the Top 40 will still have the most weighting so you have that foreign income balancing effect..

 

[LaraC]

Maybe this thread will be helpful. The various options are discussed at length.

http://mybroadband.co.za/vb/showthread.php/629055-The-Proof-is-in-the-Pudding!!-My-Financial-Diary

 

[bavmorda]

Hi Lara, thanks will look in to it. I saw the thread, but was not sure what is that pudding that they are talking about and did not pay attention.