Need some advice on investing

[Freakboy]

Allan Gray has some nice investment. Try Satrix40, not bad in the long run so far. And yes, stay away from Treoc: Personal finance article on Treoc. And for information on Property Investments go to Ardent

 

[Fern9do]

Im reading this at the mo...www.investment-tips.co.za
Also if youre thinking about property i suggest you buy "Making money out of property" by Brandon Lee(No not that brandon lee!)...i read that book two months ago and its great,worth every penny.

 

[blunomore]

Ok, I am tired of working for the man, I want to get rich and spend my time picking beach sand from my toes.

So I think its time to invest (yes I read the rich dad poor dad books, still as dumb as a stump after that but hey, its a start)

Any financial gurus or someone that knows the whole investment culture, that can point me in the right direction to start reading up, and move me into the right direction.

I have been looking at some of discovery's investment options, but being a NOOB, they could basically type "blah blah blah" on the page and I will still nod in a sagefull manner.

So anyone want to part with some worthwhile knowledge, to help a poor bloke like myself gain "financial independance" (love saying that)

Your post is so funny, esp the bit about pretending to understand their jargon! Sageful .... he he he

When I have a conversation with financial types, I keep asking questions until they spell it out in a (fairly) simple manner to me.

I'd love to know where to invest too. The one answer I got on this board quite a lot, was moneymarket.

 

[blunomore]

Im in the same situation as you.
And as per law, all of the investment houses are not allowed to offer you advice.

Apparently Allan Gray balanced fund = good times.
But then again, Stanlib has been outperforming everyone for the past 3 years
(tripple your money over 3 years with their unit trust)

In 2003, I invested approx. R275 000 in Allan Gray's Pension and Provident Preservation Fund. It is now worth R458 000. They mention something about a 'stable fund' on the statement.

It seems good to me. Maybe in reality it is crap, but it looks nice on the page

 

[Picard]

Try Satrix.

It's also fund that invests in a collection of stocks that normally provide good returns.

 

[Geriatrix]

The one answer I got on this board quite a lot, was moneymarket.

I saw in the news headlines today that inflation is nearing the 9% mark, which makes the moneymarket not much of an investment option(Not a lot give you more than 9% interest). More like a piggy bank.

I'm on the lookout for some other options aswell. Sure the JSE is cheaper now than a few months back, but I'd first like to see what happens with the political and power situations before I decide to keep my money in local markets(or rands for that matter).

 

[CathJ]

The absa ETFs are also quite good - NewRand, and if you want to get into gold, NewGold.

At the very least, their customer service is a million times better than Satrix. I mailed Satrix a question in December, I'm still waiting for an answer. That's after mailing Mike Brown, the guy at the top - he ignored me too. (Don't get me wrong - the fund itself performs well, it's just the customer service side that's crap).

 

[DJ...]

I think the OP is looking for advice on how to invest, not necessarily what to invest in. Following someone else's lead and not understanding why is very dangerous, especially if you are investing directly into the equity or fixed income markets, or even ETF's without understanding the underlying assets and marke conditions.

As stated before, search the forums cause there is tons of related advice about how to get started in the markets.

To those who state that now is not the right time to invest, you are wrong because it depends on the type of investment you are making. Equity investments are not the only investments around and in a bear market you can still make money from derivatives and shorting equities.

To the OP: I dont think anyone can provide you with the level of reccomendations you are looking for cause it really does depend on your financial status, age, risk appetite etc. Google is your friend but remember there are numerous Unisa courses on the subject. Its not as simple as attending a 1 day training seminar and changing your name to Warren Buffet. If you want the returns, you better be prepared to put in the neccessary investment (financially and education wise)

 

[Pitbull]

if you want a stable return, invest in something solid. Property or fixed account or something.

If you're out to try and hit it big and buy a house in Clifton, do it the shares way. The problem with shares is - Kinda like gambling. Write the money off even before you buy shares, take the money as lost and don't budget on it.

One of 2 things can happen

1. You wake up one morning and the CEO of the company killed himself and he's wife because of fraud - Bang, you lost 80% of your money

2. You wake up one morning and there is a million e-mails from your broker wanting to show you houses in Clifton

But mainly it's just small gains or small losses over a set period of time, it does take some time for those shares to mature and grow to a good investment.

Anyway good luck and hope you have a house in Clifton soon