What would you do with 2 million that you can invest for 1 year?

[zerocool2009]

Given predicted market contraction, how does this qualify as an investment?

Its capped at R100k per account (ID number)

 

[zerocool2009]

And with the other R1.9 million?

Buy Tesla shares

 

[Brenden_E]

You came trollin' here first, all bragging about your 2mill and all, what you expect

2 Mil isn't that much these days, is it? The rand is doing OK, so ideally I want to move it into $'s while the rand holds.

 

[CT_Biker]

Old mutual property fund...

 

[backstreetboy]

And with the other R1.9 million?

Brother, Mother, Grandfather etc...

 

[Brenden_E]

African Bank is a little iffy

Tymebank pays 6% if you have one of their savings plans

6% interest, and with the current rand volatility, your yearly gains can be wiped out in one day.

 

[backstreetboy]

6% interest, and with the current rand volatility, your yearly gains can be wiped out in one day.

7% if you give 10 days notice.

 

[Brenden_E]

Old mutual property fund...

Invest in property now?

Their returns -10% for 2 years. Ahem...

 

[Zophos]

Leave te country, invest in your future elsewhere....

 

[Brenden_E]

Leave te country, invest in your future elsewhere....

That is already in the pipeline (hence the 1 year investment)

 

[rietrot]

Fixed deposit at one of the big 4 banks is likely the best. Things are to uncertain for anything else.

 

[Ancalagon]

African Bank fixed deposit.

Just donate to the ANC directly and cut the middle man out.

EDIT: Might have been thinking of VBS.

 

[rustypup]

Fixed deposit at one of the big 4 banks is likely the best

Will still lose value. Not an investment.

 

[rietrot]

Invest in property now?

Their returns -10% for 2 years. Ahem...
View attachment 899404

So they've reached the bottom and can only go up from here./s

 

[Hellhound105]

 

[Scooby_Doo]

So they've reached the bottom and can only go up from here./s

Thats true, until it drops another 50%.

 

[Brenden_E]

That true, until it drops another 50%.

And then they take it for free

 

[Quicks]

That is already in the pipeline (hence the 1 year investment)

Maybe try and invest in the country where you a planning to move to?

 

[Sinbad]

Run away with it.

 

[Gtx Gaming]

TESLA, Apple and amazon.