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Messages - Byron

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Off topic / Re: Group of friends looking to invest
« on: June 04, 2015, 09:37:54 pm »
Quote from: Orca on June 04, 2015, 11:59:48 am
If you all lump in together, you inevitably find that at some stage one member cannot make a deposit or one that runs into financial difficulties and needs to withdraw from the scheme.
The tax free savings is an option to start with until your quota is full. I think it is R500k max.

Is the 500k not braked up into max 30k a year till you hit 500k?

2
Off topic / Re: Group of friends looking to invest
« on: June 03, 2015, 08:40:50 pm »
Thanks for the input guys, we have not started with it atm. Only some things we talked about while  enjoying a cold one.

We been friends from high school about -+12 years about. We will sure do our homework before jumping into anything. Don't want money getting in the way of our friendship.

Cheers

3
Off topic / Group of friends looking to invest
« on: June 02, 2015, 10:30:21 pm »
Hey all

We are about 5 friends that want to start investing. Electrical engineer, truck mechanic, bank manager, farmer and a SAP consultant. We are not sure how to kick start our journey of investing. We do want to use our bank manager to get special rates from the bank his working and start to invest. We where thinking about starting with property? With the skills we have we can go into anything. Any ideas? We do want to keep our day jobs in the meantime.

How do we go about it, do we need to start a trust fund first?

Thanks

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