A Fin24.com user asks: I have R10 000.00 to invest and am thinking of buying Satrix shares. Would you recommend that?
Dynamic Wealth responds:
In these challenging times, paying off any debt should be the first priority, even though interest rates are declining.
Should you be debt-free, your investment will depend on your risk profile and retirement needs.
If you are a young and an aggressive investor, a Satrix product - as a core equity holding - should be a good investment in the long run. Satrix products have low costs, which dramatically improve returns in the long run.
Should you be a bit more conservative and worried about the current environment, but still want to invest in a Satrix product, the Satrix Divi - which is a defensive option - could be considered.
- Dynamic Wealth is a leading provider of specialised financial services. The group is focused on providing wealth management to high net worth investors, both private and corporate, and has a proven track-record as both portfolio manager and stockbroker.
Visit Dynamic Wealth's website (www.dynamic.co.za or call 0861 80 2000/3000/4000/1300.