Loading...
See More

Investment: where do I start?

Aug 27 2012 09:43

Related Articles

Why should I diversify my portfolio?

Tried and true investment basics

Satrix unpacked

Investing offshore

Pay debt or invest?

Advice on RA options

 
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
NEXT ON FIN24X

 

Lastest Articles

Here is how to check your credit score and manage it Read More...
Top tips to save money over the festive period Read More...
These are the top 5 most fuel efficient cars in SA Read More...
What to consider when switching medical aid schemes Read More...
 
 

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
Add your comment
Comment 0 characters remaining
 

Company Snapshot

Money Clinic

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