Savings Expert

question

Posted by: philimon tefu | 2016/11/11 08:48

my company retreanched all workers this month and i want to invest from R5000 once off how can i make money in 1 year

My name is philimon tefu from tembisa my email philimon48@gmail.com please help me how can i invest in wich good companies that i can make good returns.

expert answer

Posted by: Gerald Mwandiambira | 2017/01/23 13:36
Dear Philimon,

One of the golden investment pillars that allows your money to grow, is time. The longer your money is invested, the greater the return you can expect. A year is a very short period to invest any money and realise significant growth. There are few investments with low risk that will allow you to see good returns in a year.

It is advisable that you consult an investment professional for assistance, especially as it seems that you may need your money in a year or to be easily accessible.

Disclaimer: Fin24 cannot be held liable for any investment decisions made based on the advice given by independent financial service providers, and disclaims all responsibility or liability for any damages whatsoever resulting from the use of this site.

comment on this story

0 comments
Read the comments policy
Your comment has been posted and will appear shortly.
Please fill in the required fields.