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Reader Questions

Have a personal finance question? Get professional advice and financial insight from registered financial advisors.

How can I invest in crypto baskets for my kids?

24 May 2022
Most exchanges require the investor to be over the age of 18, but a parent or guardian can invest in a crypto basket on behalf of minor children if they submit some extra documentation.

At 70, what is the best investment one can make with R500k?

19 May 2022
Should one consider high dividend-yielding ETFs like the Satrix Divi?

Why am I not allowed to withdraw money from my RA?

18 May 2022
Because of the tax benefits you get from government in return for saving for your own retirement – but you will have the option of taking up to a third out in cash at age 55.

How best to invest house sale funds to get capital growth and income?

17 May 2022
It would be advisable to invest in equities as well as local income and balanced funds.

Should I switch out of my Coronation living annuity?

11 May 2022
This decision should be led by your view of China’s potential growth.

Does a beneficiary nomination take precedence over the last registered will?

10 May 2022
Where the deceased has nominated a beneficiary on their policy, the proceeds of that policy will be paid out directly to that person.

Can I make a second withdrawal from my preservation fund?

4 May 2022
It depends on your age – you may only make one withdrawal from your preservation fund prior to the age of 55.

How should I go about finding a good financial advisor?

28 Apr 2022
I've met with three, with unsatisfactory outcomes.

How can I invest offshore and locally in a cost-effective manner?

26 Apr 2022
I would like to consolidate and invest while reducing fees.

Can a non-resident withdraw their full RA at 55?

13 Apr 2022
And will it be treated as a withdrawal benefit or a retirement benefit?

Can I borrow funds from my RA to renovate an unbonded property?

12 Apr 2022
The only time you can access these funds before reaching age 55 is in the case of ill-health or financial emigration.

Can I get a percentage of my husband’s preservation fund in our divorce settlement?

5 Apr 2022
If so, how much? We were married in community of property.

I have offshore funds in a foreign bank. How can I invest these offshore?

31 Mar 2022   /  3 answered
Three advisors answer this reader's question.

At 23, what level of emergency funding should I have?

29 Mar 2022
And where is an appropriate place to store these funds?

Can I invest in another RA at 60?

23 Mar 2022   /  2 answered
Two advisors answer this reader's question.

Can I sue a broker for poor management of funds?

9 Mar 2022
You would need to be able to prove they had breached their fiduciary duties.

Should I pay my R10k available monthly into my bond or use it elsewhere?

8 Mar 2022
It depends on your overall current financial position.

Will I pay less tax if my father’s life policy is paid into my trust?

3 Mar 2022
Beneficiaries are not liable for tax on life assurance proceeds they receive, but there are a number of variables that need to be considered.

I got R1m from the RAF. How best to invest this money?

2 Mar 2022
Consider investing the proceeds into an investment vehicle geared towards capital growth and the provision of a passive income stream (if necessary).

Is the Easy Equities platform best?

13 Oct 2020
And what other platforms encourage investors to invest in a cheaper way?

How can I invest R15m to get a monthly income of R50k?

17 Jun 2021
Retirement planning isn't something that can be done once; it's an individual investment discipline that considers the relevant facts on an ongoing basis.

How can I buy Netflix and Amazon shares in South Africa?

19 Jan 2021
Finding a platform is easy enough, it’s picking the sector and the individual stocks within that sector that is more tricky.

How do I change my marriage contract from in-community to antenuptial?

11 Nov 2020
A notarial contract, once registered at the Deeds Office, will have the effect of an antenuptial contract.

Can I safely invest with FedGroup?

27 Jul 2017
Update: FedGroup responds. 'I’m a pensioner with R1.5 million to invest – would it be safe with FedGroup’s bond participation scheme?'

How do I invest my pension when I retire?

18 Mar 2019
Two important questions to consider: will you take the allowable cash portion, and what annuity type is most suitable?

What should I consider when purchasing an annuity?

7 Apr 2021
And what costs should I expect to pay?

Would it be better to invest R500k or deposit it into my bond?

10 Sep 2020
The decision is not as simple as one might think.

What’s better: investing in a 30-day notice account or unit trusts?

18 Dec 2018
A combination of income funds run by respected asset managers may be one of the safest forms of investment, other than cash.

Is it a good idea to bond an investment property?

14 Jul 2022
It's the only way that an investment property makes sense. Here's why …

What could a South African do with R500k in a money market account?

27 Jul 2021
Until the interest rate situation changes in South Africa, I would strongly reconsider any cash exposure.

The tax implications of trading forex for a living

20 Jun 2017
What are Sars’ tax requirements on forex trading? It will be my sole income.

I have R500k in the bank. What should I invest in?

10 Feb 2020
Various available investment options will outperform cash over time.

Is it necessary to invest in property to build wealth?

11 Jul 2019
'The big money is not in the buying or the selling, but in the waiting' - Charlie Munger.

How can I invest R500k to get a monthly income of R5k?

26 May 2022
A well-diversified portfolio consisting of cash and bonds for income, and property and equities for growth would be an option.

Is rental property still a good investment?

20 May 2020
There are several high-level considerations when deciding whether or not a rental property is a good investment.

Should I pay off my bond or smaller debts first?

12 Jul 2022
There are certain strategies that can be implemented to pay off debt in a strategic manner.

When can I withdraw R500k from my provident fund tax-free?

9 Jun 2022   /  2 answered
Two advisors answer this reader's question.

I’m under debt review. Can I withdraw cash from my pension to buy a house?

18 Dec 2020
The only time you may access these funds is if you leave your employer.

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