IF YOU are going home for the Christmas holidays and are planning to take the money you saved during the year, you no longer need to strap it around your waist or stitch it into pantyhose.
The money might be safe, but is not rewarding. The interests are at their lowest level. If you put R1000 in the bank if you are lucky you might get R 1050 after a year. Is it worth waiting for interest to accrue to the value of R50?
Depending on your appetite to swallow the risk associated with the Stock exchage I will advised abomokhaya to buy shares or invest in unit trusts Report Abuse
Dec 14, 2012
Rockies
@Tsar-Rasputin
Only worry about the stock exchange is the transaction and admin costs. While the investments may pay well on the upside (after a long time following the outlay), the downside can be devastating in losses. Thus, people should only invest excess cash that they're willing to wait for for a long time or forego altogether in case of losses. I think for cautious investors, balanced funds and bonds are better. Their returns aren't very high, but at least they're guaranteed. Report Abuse
that's bull, these banks are making a lot of profit from us and we seriously don't see their good services they always talk about, your money will just disappear from the bank without your knowledge they can go to hell I'd rather safe under my mattress where my family would have easy access to all my money or keep a lockable safe in my house and should thieves get into my house it will be at their own risk for i won't be sorry for my actions than loosing money the way we do nowadays from the banks they're eating our monies these people. Report Abuse
If you feel a comment on the site does not meet our general comments guidelines (see below), you can report the comment.
Comments guidelines:
Comments should be relevant to the article or the thread of conversation
Comments should not make personal attacks
Comments should not use vulgar, discriminatory, obscene or abusive language
Once reported, we will review the complaint you have made and the reason for it.
We will then take any action we believe appropriate and is within our rights. Please refer to the Terms and Conditions which are agreed to when registering on Sowetan LIVE.
Comments
Tsar-Rasputin
The money might be safe, but is not rewarding. The interests are at their lowest level. If you put R1000 in the bank if you are lucky you might get R 1050 after a year. Is it worth waiting for interest to accrue to the value of R50?Depending on your appetite to swallow the risk associated with the Stock exchage I will advised abomokhaya to buy shares or invest in unit trusts
Report Abuse
Rockies
@Tsar-RasputinOnly worry about the stock exchange is the transaction and admin costs. While the investments may pay well on the upside (after a long time following the outlay), the downside can be devastating in losses. Thus, people should only invest excess cash that they're willing to wait for for a long time or forego altogether in case of losses. I think for cautious investors, balanced funds and bonds are better. Their returns aren't very high, but at least they're guaranteed.
Report Abuse
tshililotshikota
Carry cash!Report Abuse
paracute
that's bull, these banks are making a lot of profit from us and we seriously don't see their good services they always talk about, your money will just disappear from the bank without your knowledge they can go to hell I'd rather safe under my mattress where my family would have easy access to all my money or keep a lockable safe in my house and should thieves get into my house it will be at their own risk for i won't be sorry for my actions than loosing money the way we do nowadays from the banks they're eating our monies these people.Report Abuse
Read all 4 comments