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Thread: Investment

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    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

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    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.

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    Gold Member Houses4Rent's Avatar
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    Unit Trust funds maybe, the preserving low risk kind (pretty much like money market, but probably better returns.)


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    Thanks Guys

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

    Regards
    Rozzer

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    Diamond Member wynn's Avatar
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    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.

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    Site Caretaker Dave A's Avatar
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    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.

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    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%

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    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.

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    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.

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