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Hi everybody. I'm still new to investing. I don’t have R33k pa to invest at the moment so I can’t exceed my cap. I started off by investing in the normal trading account and only recently became aware of the tax free account. Is there any sense in still buying shares in the normal account? Should I put all my money in the tax free account and buy there until I reach R500K? Or should I split my long term "safe" investments into the tax free account and put all of my "risk" investments into the normal account?
I suggest you get obtain clarify in your own mind as to what a TFIA actually give you access to : the TFIA does not permit you to invest in "any share "only approved instruments = see the drop down under my portfolio.
These are a group of tax free EFT's.
Thank you very much. I am reading the beginners guide on Platinumwealth.co.za and they suggest:
Taking all of the above into account whilst keeping the South African economic landscape in mind, we suggest the following ETF allocation:
50% goes into the Offshore DbxWD 35% goes into the Newfunds Momentum ETF 15% goes into the Global Property Fund GLPROP
I cant find DbxWD on the TFIA section. Please could you advise where to find it?
What reading would you reccomend allowing me to educate myself?