SIMON BROWN: How to set up an investment club

  • 📰 FinancialMail
  • ⏱ Reading Time:
  • 34 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 63%

Österreich Nachrichten Nachrichten

Österreich Neuesten Nachrichten,Österreich Schlagzeilen

There are a lot of aspects to consider if you're going down this savings route — but the payoffs are great

There are a lot of aspects to consider if you’re going down this savings route — and the payoffs can be greatThandi Mkhabela, who formed a stokvel in 2020 and is planning to extend her home. Picture: REUTERS/SIPHIWE SIBEKO

Most famous was the Beardstown Business & Professional Women’s Investment Club that was formed way earlier in 1983 . The claim was they’d made a 23.4% annualised return since inception. Even with the calculation errors the idea remains solid — an investing or savings club among friends, work colleagues or family. In SA, stokvels are legion: an estimated 820,000 of them, with a combined pool of about R44bn. Pooling your money and ideas has many advantages but there needs to be rules, lots of them.

Investment clubs, however, are different as withdrawals are based on money already deposited and profits earned. Here, there are a lot of factors to consider.

Wir haben diese Nachrichten zusammengefasst, damit Sie sie schnell lesen können. Wenn Sie sich für die Nachrichten interessieren, können Sie den vollständigen Text hier lesen. Weiterlesen:

 /  🏆 20. in AT
 

Vielen Dank für Ihren Kommentar.Ihr Kommentar wird nach Prüfung veröffentlicht.

Österreich Neuesten Nachrichten, Österreich Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

Market Watcher: Lay-offs signal a tough year ahead for tech sector[MARKET WATCHER] Simon Brown of Just One Lap looks at whether there is any correlation between today’s markets and the producer inflation number that came out of the US, lay-offs in tech jobs, and China’s retail and industrial figures. Moneyweb Markets
Herkunft: Moneyweb - 🏆 5. / 77 Weiterlesen »