Where to save/invest?

supersunbird said:
♪ It's a Sin ♪
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what-you-did-there-bird.jpg
 
Hamster said:
NO! School is for finding X and some Cosine going off on a Tangent. You know, the important things in life. Why would you want to teach children about investing their salary from day one in an ETF or the like if you have parents that can teach you to keep your money in a savings account... :rolleyes:
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supersunbird said:
♪ It's a Sin ♪
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Lol! Thanks for the advice guys!
 
Grumpster said:
Hi Guys,

I am looking to diversify my investments but my financial adviser hasn't been of much assistance so I would appreciate your help.

My current monthly contributions are as follows:

1. 5k towards Allan Gray Equity Fund
2. 1k towards Satrix 40
3. 1k towards DJ EURO STOXX 50 Index ETF
4. 1k towards FTSE100 Index ETF
5. 12k towards Liberty Investment Builder (still almost 3 years left of the 5 year plan :cry:)

I will have an additional 4k a month as of next month and I have around 75k which I am seeking to move from a poor performing investment. I was thinking of putting 30k towards a TFSA but I don't know which one to select.

I have been trying to save as much as I can for the past couple of years but I am not smart when it comes to this.

Thank you in advance!!!
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At least investing and doing something is better than doing nothing so congrats on that. Just something to consider is ETF's are quite popular at the moment (especially with people who think they don't have enough knowledge) because it is considered easy and cheap. But in reality they aren't always that cheap but a bigger problem is the performance. In a bull market (rising) they are alright, you put in your money every month and get your e.g. 10% growth (average of the shares in the bundle), but if you did stock-picking and bought your own (even just applying logic and backing some of the companies you know and trust without fancy charts and technical analysis) this could have been 100%+. Now the bigger problem of ETF's is at the peak of the bull market and the start of a bear market (declining) - you are essentially buying a bit of each of the shares at a heavily inflated price, just waiting for the decline to start. An important thing of share investing is WHEN to buy, because with some common sense the WHAT is easy (you can even just look up the main holdings of your favourite unit trust and just buy the same as a start).
 
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SaiyanZ said:
I've just thrown all my spare cash into an ABSA 90/10 account. 7.10% interest with no fees (no deposit fees too) and instant access to 10% of the cash. Ok for now.
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With these banks advertising their savings accounts, just make sure whether the interest rate is the nominal or effective rate...this makes a huge difference.
 
boeriebuffet said:
At least investing and doing something is better than doing nothing so congrats on that. Just something to consider is ETF's are quite popular at the moment (especially with people who think they don't have enough knowledge) because it is considered easy and cheap. But in reality they aren't always that cheap but a bigger problem is the performance. In a bull market (rising) they are alright, you put in your money every month and get your e.g. 10% growth (average of the shares in the bundle), but if you did stock-picking and bought your own (even just applying logic and backing some of the companies you know and trust without fancy charts and technical analysis) this could have been 100%+. Now the bigger problem of ETF's is at the peak of the bull market and the start of a bear market (declining) - you are essentially buying a bit of each of the shares at a heavily inflated price, just waiting for the decline to start. An important thing of share investing is WHEN to buy, because with some common sense the WHAT is easy (you can even just look up the main holdings of your favourite unit trust and just buy the same as a start).
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Trying to time the market? Sounds more like something that's very important in trading...
 
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supersunbird said:
Trying to time the market? Sounds more like something that's very important in trading...
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Timing the market is a bad thing when trying to buy at the very low's and selling at the very high's. This is basically impossible. But not buying a basket of shares at what is obviously a super high price (e.g. when the average PE ratio of the market is much much higher than the historic average) is just basic common sense. Don't let the financial advisor sales talk fool you.
 
Quick question does anyone here use the betatrader platform? If so are you happy or not?
 
Can any of you wise men and women suggest a good financial advisor? I was with Liberty for a few years and I got the worst service so I decided to do thing my own way. I've been putting more than 50% of my salary away for the past few years but I haven't seen much return. I need someone that can help me realize my financial independence goal.
 
Grumpster said:
Can any of you wise men and women suggest a good financial advisor? I was with Liberty for a few years and I got the worst service so I decided to do thing my own way. I've been putting more than 50% of my salary away for the past few years but I haven't seen much return. I need someone that can help me realize my financial independence goal.
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I'd say start with justonelap.com. And listen to the fat wallet podcast of theirs.

Liberty advisers will punt their terrible high fee products that only benefit them
 
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Grumpster said:
Can any of you wise men and women suggest a good financial advisor? I was with Liberty for a few years and I got the worst service so I decided to do thing my own way. I've been putting more than 50% of my salary away for the past few years but I haven't seen much return. I need someone that can help me realize my financial independence goal.
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Strange I'm using Stash by them and it's completely fee free.
 
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I know this is an old post but thought i would put my 3c.
Just a word of caution when advising people on their investments, as well intentioned as you may be. The FSB frowns upon un-qualified advice (non- accredited). qualified and un-qualified advice givers can be held liable for losses sustained by an investor if that advice is followed. Stick to opinions and facts but never suggest actual portfolios or investment types.
Its a pity i didn't see this post originally, I am with liberty and I can see this adviser built this portfolio to maximize commission.
A tip for would be investors, never take an endowment unless you are over the 30% tax bracket. Even better if you have a lump sum is to ask for a second hand endowment, no minimum term and all the tax benefits.
 
clintoncoetzee said:
I know this is an old post but thought i would put my 3c.
Just a word of caution when advising people on their investments, as well intentioned as you may be. The FSB frowns upon un-qualified advice (non- accredited). qualified and un-qualified advice givers can be held liable for losses sustained by an investor if that advice is followed. Stick to opinions and facts but never suggest actual portfolios or investment types.
Its a pity i didn't see this post originally, I am with liberty and I can see this adviser built this portfolio to maximize commission.
A tip for would be investors, never take an endowment unless you are over the 30% tax bracket. Even better if you have a lump sum is to ask for a second hand endowment, no minimum term and all the tax benefits.
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What’s a second hand endowment?
 
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