Page 1 of 2 12 LastLast
Results 1 to 10 of 11

Thread: Investment

  1. #1
    Full Member
    Join Date
    Aug 2012
    Location
    KZN
    Posts
    36
    Thanks
    0
    Thanked 2 Times in 2 Posts

    Investment

    Hi all
    Maybe someone can advise about investing a substantial amount of money.
    What I want is :-
    An account similar to the Money Market which can earn a reasonable interest
    One I can deposit and withdraw at will from (without having to pay broker fees)
    Not a fixed term
    Can be fixed interest rate
    Can be linked to other accounts i.e. Cheque account
    Option of signing power for spouse
    Best institute to use, bank etc
    I need to be able to draw on a monthly basis an X amount if I should need too.

    Maybe a tall order but your advice appreciated

    Regards
    Rozzer

  2. #2
    Diamond Member HR Solutions's Avatar
    Join Date
    Mar 2013
    Location
    Capetown/Jhb
    Posts
    3,329
    Thanks
    113
    Thanked 214 Times in 202 Posts
    Capitec has a very interesting option at the moment. You open up the account and can have 5 linked accounts. The one is a higher interest rate and you can access it anytime. By access means you can transfer money to the other account and pay from that one. You cannot pay from the "investment" account. When you say "reasonable" interest .... it is reasonable but you cannot get higher because of these criteria.
    HR Solutions - Recruitment Specialists - Johannesburg & Capetown Tel: 0861-045-263
    Upload your CV @ www.2hrs.co.za

    Biometric Fingerprint Criminal Checks (AFIS)

  3. #3
    Gold Member Houses4Rent's Avatar
    Join Date
    Mar 2014
    Location
    Cape Town
    Posts
    761
    Thanks
    7
    Thanked 55 Times in 51 Posts
    Unit Trust funds maybe, the preserving low risk kind (pretty much like money market, but probably better returns.)


    I used Coronation Jibar
    Houses4Rent
    "We treat your investment as we treat our own"
    marc@houses4rent.co.za www.houses4rent.co.za
    083-3115551
    Global Residential Property Investor / Specialized Letting Agent & Property Manager

  4. #4
    Full Member
    Join Date
    Aug 2012
    Location
    KZN
    Posts
    36
    Thanks
    0
    Thanked 2 Times in 2 Posts
    Thanks Guys

    I will look into both and come back to let you know the outcome

    Regards
    Rozzer

  5. #5
    Diamond Member wynn's Avatar
    Join Date
    Oct 2006
    Location
    east london
    Posts
    3,338
    Thanks
    548
    Thanked 624 Times in 523 Posts
    Also check out the top40 Satrix ETF's
    "Nobody who has succeeded has not failed along the way"
    Arianna Huffington

    Read the first 10% of my books "Didymus" and "The BEAST of BIKO BRIDGE" for free
    You can also read and download 100% free my short stories "A Real Surprise" and "Pieces of Eight" at
    http://www.smashwords.com/books/view/332256

  6. #6
    Silver Member
    Join Date
    Sep 2008
    Location
    Cape Town
    Posts
    464
    Thanks
    81
    Thanked 69 Times in 62 Posts
    because of your terms - you not "investing" at all - just saving. And because of that only money market accounts and savings accounts will be suitable.

    For investing you need at least a three year view, but really it should be much longer.

    As to plain, quick access savings - capitec 's is around 4.5% - so around inflation.

    On a side note I invested in Capitec shares - just over a year ago and so far am up 180% - off the 210% I was, but happy never the less. But that's investing. As soon as you can, stop saving and start investing.

  7. Thanks given for this post:

    Dave A (11-May-15)

  8. #7
    Site Caretaker Dave A's Avatar
    Join Date
    May 2006
    Location
    Durban, South Africa
    Posts
    20,979
    Thanks
    3,055
    Thanked 2,462 Times in 2,067 Posts
    Blog Entries
    12
    Quote Originally Posted by Pap_sak View Post
    As to plain, quick access savings - capitec 's is around 4.5% - so around inflation.

    On a side note I invested in Capitec shares - just over a year ago and so far am up 180% - off the 210% I was, but happy never the less.
    That reminds me of a comment many years ago, when the then head of Old Mutual was asked about the rising star of the time, Liberty Life.

    He declined to comment on the quality of their investment products, instead pointing out that they were a very good share.
    The trouble with opportunity is it normally comes dressed up as work.

  9. #8
    Diamond Member HR Solutions's Avatar
    Join Date
    Mar 2013
    Location
    Capetown/Jhb
    Posts
    3,329
    Thanks
    113
    Thanked 214 Times in 202 Posts
    s to plain, quick access savings - capitec 's is around 4.5% - so around inflation.
    I think if you check it out - the one linked account is actually closer to 6%
    HR Solutions - Recruitment Specialists - Johannesburg & Capetown Tel: 0861-045-263
    Upload your CV @ www.2hrs.co.za

    Biometric Fingerprint Criminal Checks (AFIS)

  10. #9
    Silver Member
    Join Date
    Sep 2008
    Location
    Cape Town
    Posts
    464
    Thanks
    81
    Thanked 69 Times in 62 Posts
    Quote Originally Posted by HR Solutions View Post
    I think if you check it out - the one linked account is actually closer to 6%
    4.75% is the most you going to get for instant access. Fixed term depends on how much for how long - max 9.25%

    As far as I can see.

  11. #10
    Diamond Member HR Solutions's Avatar
    Join Date
    Mar 2013
    Location
    Capetown/Jhb
    Posts
    3,329
    Thanks
    113
    Thanked 214 Times in 202 Posts
    Quote Originally Posted by Pap_sak View Post
    4.75% is the most you going to get for instant access. Fixed term depends on how much for how long - max 9.25%

    As far as I can see.
    Sorry my mistake - you are quite right. I was confused.
    HR Solutions - Recruitment Specialists - Johannesburg & Capetown Tel: 0861-045-263
    Upload your CV @ www.2hrs.co.za

    Biometric Fingerprint Criminal Checks (AFIS)

Page 1 of 2 12 LastLast

Similar Threads

  1. investment question!
    By raf in forum General Business Forum
    Replies: 26
    Last Post: 22-Feb-11, 09:44 PM
  2. Investment Blups
    By IMGREG in forum General Chat Forum
    Replies: 1
    Last Post: 28-Jul-10, 02:15 PM
  3. Business Investment
    By Norri in forum Business Finance Forum
    Replies: 2
    Last Post: 10-Sep-08, 09:16 PM

Did you like this article? Share it with your favourite social network.

Did you like this article? Share it with your favourite social network.

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •