Investing is not limited to the super rich or high salary earners, nor should it be. The dawn of new investment products in the South African market, gives everyone the opportunity to start investing with amounts.
To find out what options are available to you, we spoke to How to make money 1000r per day financial advisor, David Higgins. David shares his advice about how to invest R 1, R 10, or Rfor the best returns.
This is a great way to save, earn a little interest and protect your savings from impulsive buying decisions. You could also invest your R 1, lump sum into a Fixed Deposit account.
However, these options deliver mediocre returns at best and investors could incur high costs by using these types of accounts.
According to Higgins, a R 1, invested for educational purposes would be more beneficial and earn greater returns. You can invest a lump sum of R 1, without any further contributions. You must use this money for education or you will lose out on the incentive bonus.
You basically lend money to the government who guarantees to pay you back after a certain period of time. Another alternative is buy satoshi for a unit trust.
Many are already financially doomed. Is this the end? The answer is an overwhelmingly NO. This might just be your new beginning. Opportunity is shouting from the roof tops.
Additionally, this option may be more costly than the previously mentioned alternatives. Invest R10 in a retirement annuity and reduce your taxable income If you have a lump sum of R 10, to invest, put this into a retirement annuity RA.
The contributions you make to the fund are tax deductible annually. Best of all, income, capital gains and dividends generated from the underlying investments are exempt from tax.
Five years later we buy each share back at R a share.
Collective investment schemes, unit trusts, a retirement annuity and income producing preference shares. It supports disciplined investing but at the same time allows you flexibility to change the investment particulars.
If you are comfortable with a minimum five-year investment term, want a tax-efficient way to save, and wish to create liquidity in your estate, this option may meet your needs.
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An additional benefit is that you can also structure your portfolio across multiple policies to give you additional liquidity during the five-year restricted period. A financial how to make money 1000r per day will take various factors into considerations such as your age, your retirement goals and even your day-to-day lifestyle requirements and help you make the best decsion about your money. Ultimately, you decide on the best investment option that meets your personal investment needs.
So, do your research into the costs as well as the pros and cons of each investment vehicle that is available so that you can make an informed decision with your money.