Need some advice on investing

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Gothan

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Ok, I am tired of working for the man, I want to get rich and spend my time picking beach sand from my toes.

So I think its time to invest (yes I read the rich dad poor dad books, still as dumb as a stump after that but hey, its a start)

Any financial gurus or someone that knows the whole investment culture, that can point me in the right direction to start reading up, and move me into the right direction.

I have been looking at some of discovery's investment options, but being a NOOB, they could basically type "blah blah blah" on the page and I will still nod in a sagefull manner.

So anyone want to part with some worthwhile knowledge, to help a poor bloke like myself gain "financial independance" (love saying that)
 
Im in the same situation as you.
And as per law, all of the investment houses are not allowed to offer you advice.

Apparently Allan Gray balanced fund = good times.
But then again, Stanlib has been outperforming everyone for the past 3 years
(tripple your money over 3 years with their unit trust)
 
Do you have money to start with ?
 
Dolby said:
Do you have money to start with ?
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Yes I do, not a lot, but I do have a nest egg, that I want to invest with, and then also monthly deductions to keep it growing (if that is the right lingo)
 
Also have to say that this is a 6 month kinda plan (before I start investing) , I want to do my homework extensively before I commit
 
Well, from everything ive picked up as of late, now is not a great time to invest, unless you're going to go for something stable like a money market account (offering rates of 8.5% +). The only problem with money markets is you need quite a substantial amount to start, I think the minimum is 10k (absa I think) all the way up to 50k with investec

Shares are too volatile right now..
 
depending on your nest egg size

buy property man, takes a while but if you can get 3-5 properties with ppl renting you can sell in 2 years for a ton more

the markets are in a decline so investing at the moment wont end well
 
My stepfather has a company that invests and the lowest he accepts is R50k ... even that he's not really interested :/
 
From my experience be careful with STANLIB I lost R13K investing with them, The market is really down at the moment if you want a longterm investment look at Unit trust. The open JSE is just to unstable at the moment. and watch for the broker fees. They take 3% off the top and then there is loads of other fees.
 
bex.cpt said:
From my experience be careful with STANLIB I lost R13K investing with them, The market is really down at the moment if you want a longterm investment look at Unit trust. The open JSE is just to unstable at the moment. and watch for the broker fees. They take 3% off the top and then there is loads of other fees.
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This is why im so hesitant to invest.
Everyone has a different story to tell!

I think property is the way to go. Now is the perfect time to buy, and the worst time to sell
 
Killove said:
Well, from everything ive picked up as of late, now is not a great time to invest, unless you're going to go for something stable like a money market account (offering rates of 8.5% +). The only problem with money markets is you need quite a substantial amount to start, I think the minimum is 10k (absa I think) all the way up to 50k with investec

Shares are too volatile right now..
Click to expand...


Its not timing the market thats important, rather time in the market is. Research has shown this again and again.
 
May I suggest googling : TREOC ( following the property suggestion from Killove )
 
Killove said:
This is why im so hesitant to invest.
Everyone has a different story to tell!

I think property is the way to go. Now is the perfect time to buy, and the worst time to sell
Click to expand...

Property is usually a good investment.

UT's aren't get rich quick schemes, the equity ones, you'll want to invest in for at least 5 years.

If u have money to save, then just do a R500 a month contribution to something Allan Gray's Equity fund (one of the funds I invest in), or any other...
 
So what you people are saying is I am going to die broke and unattractive.....well thanks a lot!!!!

Mmmmmm might have to look at property
 
bex.cpt said:
From my experience be careful with STANLIB I lost R13K investing with them, The market is really down at the moment if you want a longterm investment look at Unit trust. The open JSE is just to unstable at the moment. and watch for the broker fees. They take 3% off the top and then there is loads of other fees.
Click to expand...

Unit trusts invest in shares on stock markets like the JSE. If you are a extremely risk averse person who cannot handle fluctuations in your investment value then balanced bonus type products or low equity unit trusts are some of the options.

Not all brokers take 3%, this is negotiable. Fees are important to watch though. The question is are you getting value for the fees.
 
alf101 said:
Property is usually a good investment.

UT's aren't get rich quick schemes, the equity ones, you'll want to invest in for at least 5 years.

If u have money to save, then just do a R500 a month contribution to something Allan Gray's Equity fund (one of the funds I invest in), or any other...
Click to expand...

I have been looking at the Allan Gray's equity fund, and it looks very promising, especially on a 10 year investment, and I ahve heard a lot of good things about Allan Gray
 
Gothan said:
So what you people are saying is I am going to die broke and unattractive.....well thanks a lot!!!!

Mmmmmm might have to look at property
Click to expand...

Property is not the be all of investment. It is important though, but as an assest class appears to be expensive at the moment. Property is generally a long term investment, often even longer term than equities and the costs of acquisition are normally higher. The gains made in the last 5 -7 years are very unlikely to be repeated in the next 5 -7.
 
AutoX said:
May I suggest googling : TREOC ( following the property suggestion from Killove )
Click to expand...

I googled it, saw treoc.com...
can you tell us a bit more about it?
Is it a type of investment club?
 
Gothan said:
I have been looking at the Allan Gray's equity fund, and it looks very promising, especially on a 10 year investment, and I ahve heard a lot of good things about Allan Gray
Click to expand...

Its a good fund, long term this asset manager has done well. They don't aim to shoot the light out every quarter and have been reasonably consistent over the long term.But manager diversification can lead to a lowering of risks due to different style of investment, different stock selection, etc. So don't put all of your cash into one UT.
 
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