Need financial help

[Wag]

Have 450k in my cheque account via a paid-up policy. Need to invest it for a few months only. Money will be used as start up capital for retirement home in Kleinmond. Own a plot and plan to build the shell of the house during April and May. The rest will be done in stages over the next 2 years till I retire. Considering shares on the JSE but which one? No time to sit it out if it goes the wrong way

 

[Pitbull]

Have 450k in my cheque account via a paid-up policy. Need to invest it for a few months only. Money will be used as start up capital for retirement home in Kleinmond. Own a plot and plan to build the shell of the house during April and May. The rest will be done in stages over the next 2 years till I retire. Considering shares on the JSE but which one? No time to sit it out if it goes the wrong way

Speak to someone at Allan Gray

 

[the eskimo]

Since you've given us your time horizon (a few months), and the purpose of the money (to build retirement home)I would advise the following:

- You should be looking at a low risk option, where your capital will be secure from any adverse market movements.
- Some options:
* Capitec Savings Account 4.75% pa interest. R5 pm Fees
* A money market unit trust. 6% pa growth on average
* A 3 month fixed deposit. Interest rates vary. Some deposit taking institutions offer better rates if you are above a certain age
* A 7 day or 32 day notice deposit. Interest rates also vary. Some deposit taking institutions offer better rates if you are above a certain age

 

[Wag]

Great, thanks and jip i am over the certain age. Think I will go with the last option