Want to invest, but don’t know where to start? Whether you have R500, R5 000 or R50 000 to invest, the principles remain the same. In this discussion, Maya (@mayaonmoney) and Mapalo (@womanandfinance) are joined by personal finance blogger StealthyWealth (@stealthy_wealth), and they share their collective wisdom on how to start investing. The bottom line? Just start!
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Hi guys
I have just retired and awaits my lump sum. I have 2 RA of which one is at Sanlam. I am not happy with their admin fees etc. and think of moving My RA.
I do not need any income of the 2 RA currently.
Please advice.
Really good idea not to convert your RA if you don’t need it. You can move your RA to any other platform – there should not be any penalty fees. But do check with Sanlam what the fees are if you have had it for more than 25 years – the fees may be reduced. In theory the fees are all collected during the original term of the RA
Hi Maya, I need to invest for my child’s university fees..please advice
If less than five years away – stick to high interest bank savings. If longer than that, something like the Satrix Balanced Fund
Hi Guys,
Appreciate and love your work.
I have R100 000 which I want to invest and get monthly interest on it?
Where can I get the best return and a reputable institution?
Thanks
If you want monthly interest just shop around the banks and see what they offer. Also look at Fedbond and RSA Retail Bond.