Q: https://secure.rsaretailbonds.gov.za/home.aspx?MenuId=62&ParentId=0&First=0 I think is better then keeping money is a 32 day account were it gets 5% if you are luck. This is fixed 10% - 3 years. And its inflation linked. What do you guys think? Gerald It would help a wee bit if you were to elaborate just a little.
A: Not me, I am in the process of stopping my RA's and selling off my unit trusts as most of them don't even give you as much interest as you can get in a bank account. They have recently passed a law which prevents companies like Old Mutual from imposing as hefty penalties on you when you cancell your RA's see this link: http://www.persfin.co.za/index.php?fArticleId=4282245 What I have started doing is buying shares each month and I seem to be getting much better returns - it does take a bit of discipline though and whats even better is, it creates a bit of excitement for you as the investor. I work for a corporate company listed on the JSE and they also offer a share scheme to us - where for each R100 of their shares that we buy, they give us an extra R15 worth (it's a scheme to try and encourage us to save), so i buy a few hundred Rands worth through this scheme each month too and I use this as my "Dusi Fund" - so that I can sell my shares to buy a new boat for the Dusi canoe Marathon each year.