Short Term Investment

[Brasco]

Hello all

Need some advice. What is the best short term investment option.

I have a 80 k and need to invest it for 14-30 Months. The money is to be used for a flat deposit.

Anything better than normal bank 6% -7%


Thanks

 

[wizdumb]

Captitec offers something like 8-9% on their fixed term savings account, if i remember their ad correctly.

 

[supersunbird]

http://www.moneymarket.co.za/top-20-money-market-funds.aspx

That or bank account. Anything else you will have risk to your capital amount.

SA Retail Saving 2-year fixed bond will give the same rate (8%) at the above but less accessible.

 

[Brasco]

Thank- you for the information.

 

[saturnz]

Hello all

Need some advice. What is the best short term investment option.

I have a 80 k and need to invest it for 14-30 Months. The money is to be used for a flat deposit.

Anything better than normal bank 6% -7%


Thanks

if you have the money already why not just purchase the flat

 

[Gtx Gaming]

http://www.etfsa.co.za/docs/perfsurvey/perf_survey_oct2016.pdf

Look at those ETF funds, you can buy into them via https://www.easyequities.co.za/

 

[supersunbird]

http://www.etfsa.co.za/docs/perfsurvey/perf_survey_oct2016.pdf

Look at those ETF funds, you can buy into them via https://www.easyequities.co.za/

Risk to his capital?...

14 to 30 months is not a long term investment, which is what you're suggesting is good for.

 

[morkhans]

bump.

I'm taking a look at either the FNB Money Maximizer (7.4%. convenient, but the R100k start-up might be an issue) or the Alan Gray Money Market Fund (~6.7%. last 3 years)

With regards to the Alan Gray option, do I understand the costs correctly as 0.25% of the capital + VAT charged annually? So on R100000 it's R250 + 14% VAT? FNB want R65/m account fee so R780/y.

 

[xumwun]

Risk to his capital?...

14 to 30 months is not a long term investment, which is what you're suggesting is good for.

Something like NFTRCI could be an option

 

[Idiosyncratic]

Buy some shares in Woolies while they're on discount

 

[DrJohnZoidberg]

I've been looking at some short term savings accounts also.

Looks like Nedbank actually has some very attractive fixed deposit options: https://www.nedbank.co.za/content/n...al/interest-rates/account-interest-rates.html

 

[hhashali]

For short term try African bank very good returns. Don't invest in them for longer then 2 years though

 

[Thor]

http://www.moneymarket.co.za/top-20-money-market-funds.aspx

That or bank account. Anything else you will have risk to your capital amount.

SA Retail Saving 2-year fixed bond will give the same rate (8%) at the above but less accessible.

This

 

[Hamster]

bump.

I'm taking a look at either the FNB Money Maximizer (7.4%. convenient, but the R100k start-up might be an issue) or the Alan Gray Money Market Fund (~6.7%. last 3 years)

With regards to the Alan Gray option, do I understand the costs correctly as 0.25% of the capital + VAT charged annually? So on R100000 it's R250 + 14% VAT? FNB want R65/m account fee so R780/y.

FNB 32 Day Notice account? No need for R100k up front and better rates than the Allan Gray option.

 

[morkhans]

FNB 32 Day Notice account? No need for R100k up front and better rates than the Allan Gray option.

There is also a 7 day notice that looks pretty similar. Could always start there and migrate to the maximizer when I've saved enough.

 

[DrJohnZoidberg]

There is also a 7 day notice that looks pretty similar. Could always start there and migrate to the maximizer when I've saved enough.

I just put some money in one of these too last week.

 

[Hamster]

There is also a 7 day notice that looks pretty similar. Could always start there and migrate to the maximizer when I've saved enough.

Problem with the maximiser is when you drop 1c below R100k you stop earning interest.

 

[morkhans]

I'm going to give the FNB 7 day notice a go.

 

[Oopsie]

Bear in mind that if you sell stocks before the 3 year holding period you will be subject to a high Income Tax rate and not Capital Gains Tax which is very much lower. Just a thought.

 

[supersunbird]

Bear in mind that if you sell stocks before the 3 year holding period you will be subject to a high Income Tax rate and not Capital Gains Tax which is very much lower. Just a thought.

Luckily no one recommended stock, cause the period is too short..