Starting Your Investment Journey

Have you realised that the answer to turning time into actual money is starting young? We discuss 3 ways to get you started today.

Investing is a great way to secure your financial future and it doesn't require a large lump sum upfront. I cannot help but stress the importance of starting your investment journey sooner rather than later. The main reason why you should start investing as soon as you can is time! The sooner you start investing the more time your money has to grow.

I know seeing your R1000 grow by a mere R120 at the end of the year is not exactly the most exciting thing & as fulfilling as it may be to see your money grow, R120 isn't exactly a game-changing amount. You need to picture this in the long run, look at if you'd started saving when you were 18, when you were a mere freshman as compared to starting your investment journey when you're 27, you'd have a 9 year lead over someone who started investing at 27.

Fortunately, technology has advanced enough for us to be able to secure the bag from the comfort of our homes. Here are a couple of places where you could open accounts & kickstart that investment journey:

Easy Equities

Easy Equities is a great place for you to get your feet wet, it's a South African low-cost investment platform. You can get ETFs, ETNs, stocks, baskets & bundles (shares pre-selected & weighted by a pro or personality). You can own shares in the brands you love from as little as R5 even. HTTPS:// (easy equities site link)

•AutoShare Invest (ASI)

Standard Bank offers an ASI account which allows you to directly invest in the stock market. With the ASI there is a higher minimum investment amount per selected security per month. HTTPS:// (standard bank site link)

•Tax-free Savings Account (TFSA)

Both Standard Bank and Easy Equities offer TFSA accounts. A TFSA is always a good place to start your investment journey although it has its benefits it does have its drawbacks, the biggest one being that a TFSA will only give you access to a limited amount of securities unlike a normal account that will give you access to all the listed securities.

For more, join our growth list to stay in the loop with our weekly blogs, as well as other content to sharpen your financial literacy. Follow us on Instagram and Linkedin.

Author: Sihle Hlatshwayo

0 views0 comments

Recent Posts

See All