Tshililo Mthethwa from Nedbank Private Wealth has broken down what South Africans needs to consider when choosing their investments.
Choosing the right investments in South Africa can be a challenging process, with many questioning where to begin.
“Are you seeking to meet a future goal like buying a house or a car at a certain time in the future? Maybe all your needs have been met and you are seeking to grow your wealth? It could also be for your future retirement provision, etc.”Discretionary Investments are done for purposes other than retirement. They generally feature no tax benefits and there are generally no limits in terms of access and pay-out.
These investments can take a little bit more risk than short-term investments and afford some market-volatility, but still within reason. “You need to keep close tabs on your long-term investments. Market swings can affect them negatively over the short term.” Risk capacity looks at the amount of risk that one can afford to take. One should ask themselves “what happens if things go wrong?”
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