Save R350 per month

D

Dean01

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Save R500 per month

Hi Guys

I would like to put away some money each month to bay back a student loan in 5 years time. Can you advise what would be the best option. I am looking at investing R500 each month. Suggestions would be much appreciated.

D
 
Last edited:
daiyaan said:
Hi Guys



I would like to put away some money each month to bay back a student loan in 5 years time. Can you advise what would be the best option. I am looking at investing R500 each month. Suggestions would be much appreciated.



D
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What bank are you with?
 
Daiyaan - Do you already have a student loan or is it planned for the future?
 
kdub said:
www.easyequities.co.za

Buy some shares of companies you like. Very low cost. Little risky but its not HUGE money.
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Rather invest on the index, much safer.
http://www.satrix.co.za/
Our index-based products provide investment solutions that are transparent and easy to understand.
With minimum investments as low as R300 per month through a debit order or R1000 lump sum, depending on the product type and platform chosen, now everyone can own the market.
Click to expand...
 
Last edited:
daiyaan said:
Standard
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If I was you I would follow the ETF advise and buy into an index. At that low amount you'll have to consider costs so going to EasyEquites (or Satrix directly) will work out much cheaper. Problem with going to Satrix is that you can only buy Satrix. Full on trading platforms like STD Bank OST will charge a minimum of R60 per trade which is stupidly expensive on R350 or R500.

Personally I'd dump that money into one of the Top40's. Nedbank's BetaBeta one is probably the safest because it is equally weighted. What that means is that a regular Top40 index buys into the Top 40 JSE listed companies weighted on their size. So if the Top 5 controls 50% of the Top 40, 50% of your money will go into 5 companies. The Nedbank one will weight them all equally so each company will be given a weight of 2.5%

https://www.easyequities.co.za/Equity/Details?ContractCode=EQU.ZA.BBET40
http://www.google.com/finance?q=BBET40&ei=PBJmVKHvD4bP8AanjIGoCg
 
kdub said:
www.easyequities.co.za

Buy some shares of companies you like. Very low cost. Little risky but its not HUGE money.
Click to expand...

Liking should be the LAST factor involved in investing, emotions have no part to play.

Buying shares can potentially make you lose your entire capital and should be made only following a proper due diligence (reading annual reports, understanding the business, its evolutions, risks...).
 
daiyaan said:
Hi Guys

I would like to put away some money each month to bay back a student loan in 5 years time. Can you advise what would be the best option. I am looking at investing R500 each month. Suggestions would be much appreciated.

D
Click to expand...

The student loan accumulates interest so in my opinion it would be better to start paying that saving directly into the loan account reducing the capital???
 
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