MyMoney Online, The Personal Finance series with Warren Ingram

How to invest an extra R1000 (or so) per month

The Money Show’s Bruce Whitfield interviewed Warren Ingram, Financial Advisor at Galileo Capital, for his weekly feature entitled “The Personal Finance series with Warren Ingram”.

Ingram spoke about how to invest an extra +/-R1000 per month.

Scroll down for quotes from the audio below.

Adding the extra cash to your retirement savings – up to 15% of your taxable income – is the smartest thing to do.

Warren Ingram, Galileo Capital Financial Advisor

A company pension fund should have lower fees than a retirement annuity.

Warren Ingram, Galileo Capital Financial Advisor

Paying extra into your bond will reduce the interest you’re paying to the bank. You’re guaranteed a return – tax free – of 9.25%.

Warren Ingram, Galileo Capital Financial Advisor

Shares beat all other asset classes over the long-term.

Warren Ingram, Galileo Capital Financial Advisor

Putting the extra money into a Tax Free Savings Account is not a bad idea. I suggest listed property.

Warren Ingram, Galileo Capital Financial Advisor

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