What to do with R100K?

[CamiKaze]

I want to invest but I don't know where.
Please don't tell me about Bitcoin or Eth as I have no cooking clue htf that works.

A friend recommended Liberty Evolve, or Gateway.

I am looking at the FNB Money Maximiser that offers 7.05% per annum.

Can anyone advise what the best approach is when investing this amount?

 

[Sinbad]

Gief to me

 

[Gtx Gaming]

https://www.10x.co.za/unit-trust or black 18 at the table if you are feeling lucky

 

[Tman*]

FNB Money Maximizer is probably the best place to put your funds, until you know what you want to do with it. (fully liquid, no term, and no capital risk).

You dont supply enough info for anyone here to give you accurate "advice" (goal, term, risk appetite etc). A good starting point would be to put any possible fees under a microscope - thats what I would do in any case.

 

[Ecco]

Dont know what your investment goals or risk profile etc is. But you could put R33k in your Tax Free Savings account

 

[CamiKaze]

You dont supply enough info for anyone here to give you accurate "advice" (goal, term, risk appetite etc). A good starting point would be to put any possible fees under a microscope - thats what I would do in any case.

The goal is to pay off my house ASAP. I want immediate access to the funds as well. As for risk, well; I don't want to be left with less than what I started off with.
I don't know what other information to supply.
I will also be adding 5k to the account every month, and my bonuses.

 

[Alacrity]

The goal is to pay off my house ASAP.

You answered your own question

And if you need it, withdraw it...

 

[xrapidx]

The goal is to pay off my house ASAP.

Put it in your bond?

 

[Tman*]

The goal is to pay off my house ASAP.

Put the money in your access bond - simple as that.

The interest you will save on your bond will beat any potential investment return. Plus you can withdraw funds without penalty, if need be.

/thread

 

[Badprop_za]

The goal is to pay off my house ASAP. I want immediate access to the funds as well. As for risk, well; I don't want to be left with less than what I started off with.
I don't know what other information to supply.
I will also be adding 5k to the account every month, and my bonuses.

Is your bond a flexi-type facility? I.e. extra funds can be withdrawn?

If that is the case, there is your answer.

 

[CamiKaze]

I received this info from a financial adviser:

If you are looking for something safe with a higher than money market return, I would recommend the STANLIB Income Fund B7 .

I have chosen the STANLIB platform for the following reasons:
1) Low management fees.
2) Availability to the best asset managers.
3) Flexible platform ( your money is available any time, without penalties, you can also add money when you feel like it or apply an income drawdown on a monthly basis ).

This funds primary objective is to achieve a reasonable level of current income and stability for capital invested, making it ideal for clients who want to park their capital for a period of 12 – 24 months. This fund does not invest in equities, preferring exposure to bonds, cash and money market instruments, providing security and capital preservation. The income fund is currently offering a yield of 8.21% per annum NET of fees and over the last year returned at 9.36% due to selling off of assets. The annual management fees, inclusive of my fee and platform fee is 1% per annum.

I feel that this would be the ideal investment for you, getting superior returns whilst having stability and accessibility.

 

[Sinbad]

I would stay the f away from traditional fund managers - their fees will eat away any growth you may get.
Put it in your bond. Guaranteed tax free return.

 

[saturnz]

you can buy a property for R100k or actually a little less in Cape Town CBD and earn a net rental yield of 6% on it with capital growth of atleast 6% as well and without the usual risks that come with tenants

 

[F1 Fan]

you can buy a property for R100k or actually a little less in Cape Town CBD and earn a net rental yield of 6% on it with capital growth of atleast 6% as well and without the usual risks that come with tenants

Where do you get properties in CBD for 100k? Like a parking space?

 

[c10n3d_0r6]

What the others have said about the bond: Find out if you bond is a flexi-bond. If it is, put the money in there until you need it. The interest you save will be more than the interest you make on an investment. If your bond is not a flexi-bond, go speak to your bank about turning it into one.

 

[acidrain]

Most decent financial advisors will tell you that the first step to investing is paying off your debt. As everyone has stated, I'd put that straight into your bond.

 

[supersunbird]

CamiKaze, what debts do you have?

 

[CamiKaze]

CamiKaze, what debts do you have?

Only my house.

 

[Cray]

Most decent financial advisors will tell you that the first step to investing is paying off your debt. As everyone has stated, I'd put that straight into your bond.

This, I doubt you'll get a more favorable return than the interest saved on reducing your bond.

 

[CamiKaze]

Interest rate on my bond is 7.5%, btw.