Tag - growth

Understand income vs growth

Which investment is right for me, asks a reader “I am 27 years old and currently working as a petrol attendant at a garage. I am interested in investing for income purposes. I saw that Old Mutual has an investment scheme called Income For Life which requires a minimum deposit of R10 000. Can I add more money to this investment while I’m still...

The power of the debit order

A monthly debit order is undoubtedly one of the most powerful investment tools. It creates a savings discipline as it goes off your account before you have spent your money on consumables. But now studies show that, rand cost averaging, which effectively is what you do with a debit order, provides better returns than investing with a lump sum...