wrathex
Expert Member
put down a deposit for a ride in Bransons space hotel ..blast it 
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What would you do with a spare million?
- Thread starter Freshy-ZN
- Start date
I have invested in just about everything mentioned here.
If it was my money - SARS tax clearance and send it out of SA.
Invest in a stable country with a stable currency. That's Australia for me at the moment. The Oz dollar is quite cheap at the moment.
When Malema and his cronies take over, our local money and assets will crash and burn.
Seriously, protect yourself and look to the future.
(This is not an emotional post - please keep any nasty comments to yourself)
If it was my money - SARS tax clearance and send it out of SA.
Invest in a stable country with a stable currency. That's Australia for me at the moment. The Oz dollar is quite cheap at the moment.
When Malema and his cronies take over, our local money and assets will crash and burn.
Seriously, protect yourself and look to the future.
(This is not an emotional post - please keep any nasty comments to yourself)
Mila
Honorary Master
A GWM??! Seriasly!!
No that was just wrong you could just have given me the money
Tsk tsk
Freshy-ZN
Executive Member
It is offshore. So you are basically saying leave it offshore then. Point and reasons noted.
It's offshore already? Leave it there!
Depending where it is, property is damn cheap in some places. That's if you have a long term view.
Otherwise low risk ETF.
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blunomore
Honorary Master
OP, if you have R1M lying offshore, surely you are the type of person who can afford professional financial advice ?
Jola
Honorary Master
Stay away from that, if you want to have any chance of having anything left over ...
Agreed.
Financial advisors (or insurance salesmen as I prefer to call them) are for those who are not prepared to educate themselves in matters financial.
HavocXphere
Honorary Master
Park it in some interest account for a while & investigate options. I'd probably end up with a basket of commodity heavy companies, mostly EU and US companies operating in countries other than their home country. And leave maybe R50k cash in a EU bank somewhere.
Alternatively you could buy a BMW M6.
Alternatively you could buy a BMW M6.
I knew a guy who kept saying that. Weird thing was he sounded serious.
Yeah, lots of bad apples out there. I reckon that if you find the right one it could be excellent...as long as the FA has no incentive to push a particular product.
I've been through loads of FA's.
Finally settled with one who refuses to sell endowments and admits RA's suck. My kinda FA. Not chasing fat commissions.
I invest heavily in property.
Every FA has tried to talk me out of this. No comm. for them you see.
My property portfolio has far out performed any other investment.
(Sorry to the OP for off topic)
Freshy-ZN
Executive Member
Doesnt mean one should not be educated in the finance game. Yes I have an FA but Im looking for maybe a non-conventional idea or two. As Jola as Zulik say they are primarily interested in their comm. I need to start taking a more active approach here and that really is the crux of this thread. So weird and wonderful ideas are all welcome.
Freshy-ZN
Executive Member
Property is my area of preference but like I say Im looking to maybe diversify. I have one property that has increased in value by at least 600% in 4 years. Its going to market soon so Ill know for sure what it sells for at the end of the day but I can go my offer made so far.
Well done on that one!
Why not access the extra capital in this property and use it to purchase a second property?
That's how I do it.
Selling will trigger CGT.
Also the market is still depressed and holding off could see further growth.
If you do sell now, where would you put the money?
Freshy-ZN
Executive Member
If I sell the property in the near future I dont know what to do with that yet, probably buy a new skiboat....... The other money in question like I say is offshore and currently sitting in a Money Market account due to the fund it was in was closed and payed out.
LOL
Ou grote
Honorary Master
SBPP has only returned 49% since they listed over 6 years ago.
That includes dividends.
What am I missing here?
Well it's a pretty risk free option offering better than money market return.
The dividends are tax free, unlike money market interest.
Freshy-ZN
Executive Member
So is that 49% over the whole 6 years? If so that would make it about 8% per annum return which is not terribly impressive but I suppose if you do take the tax free part into consideration you could call it a nice return.
Jola
Honorary Master
It's a low risk, after tax return. You will essentially only earn dividends here, at a much better return than fully taxable money market investments (about 3.5% after tax). On the prefs you earn 7% after tax.
The idea is to park your money there at the moment, and not to put it all in ordinary shares which may as easily decline with the present market as increase.
Property returns may also be negative at the moment, timing is crucial there.
Of course, feel free to buy single stock futures, quite easy to lose more than you own there.
Or park it in Euro at close to 0%, and hope that the rand drops.
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