• Voter paralysis

    With so much tilting voters against change, democratic reason is the loser, says Solly Moeng.

  • The power of perseverance

    True grit is a reliable predictor of who will achieve success in life, says Ian Mann.

  • It's the system

    The system sucks and it’s being used far too often as an excuse, says Mandi Smallhorne.

All data is delayed
Loading...
See More

Investment: where do I start?

Aug 27 2012 09:43
A Fin24 user writes:

I am a young working man. I have a bit of study debt I am currently paying off.

I earn a reasonable salary, and would like to start building a diversified portfolio with medium- to long-term pay-offs.

How do I start, and what would be good investments/stocks to acquire?

Peter Warren, investment adviser for Vunani Private Clients, responds:

The user needs to allocate R1 000 into the Satrix Rafi exchange-traded fund each month as a building block towards a growth portfolio (see attached for an example), if his after tax salary permits this.

This can be done on a discretionary basis before tax. Alternatively, he should look at a monthly retirement annuity (RA) contribution with the tax advantages associated with a Regulation 28 policy.

Once the investment achieves suitable size (R250 000) he can opt for an aggressive growth personal portfolio structure. This is Regulation 28 compliant and offers all the same tax advantages in the RA wrapper (Retirement Annuity policy).

 - Fin24

Disclaimer: Fin24 cannot be held liable for any investment decisions made based on the advice given by independent financial service providers.

Under the ECT Act and to the fullest extent possible under the applicable law, Fin24 disclaims all responsibility or liability for any damages whatsoever resulting from the use of this site in any manner.

* Do you have a pressing financial question? Post it on our Money Clinic section and we will get an expert to answer your query.

* Follow Fin24 on FacebookTwitter and Google+.

investing  |  satrix

 
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
7 comments
Comments have been closed for this article.
 

Company Snapshot

We're talking about:

THE DEBT ISSUE

Debt is one of the biggest financial issues facing South Africans today. Find out how you can avoid and manage your debt with Fin24 and Debt Rescue.
 

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...

Voting Booth

Would you take out a payday loan?

Previous results · Suggest a vote

Loading...