Saturday Star

Your investment and insurance questions answered by PSG

I’m a young working professional with a limited investment portfolio. I would like to diversify my investments to achieve short-term goals (like buying my first house) and long-term goals (preparing for retirement). How do I go about developing an investment diversification plan that aligns with my risk tolerance and financial objectives?

Marzél Swart, wealth adviser at PSG Wealth, Pretoria East:

To differentiate between short-term and long-term goals is a good place to start. It is always important to keep the objectives separate to prevent your emotions from getting in the way.

For the short-term goals, I’d recommend that you consider an interest-bearing investment solution which is not as volatile as exposure to equities.

Currently, rates on money market accounts are around 7 to 8% a year, which could be a good place to start. There are no fluctuations in the capital value and the funds are readily available when

You’re reading a preview, subscribe to read more.

More from Saturday Star

Saturday Star4 min readInternational Relations
Be Best Guests, Zimbabwe Envoy Tells His Citizens In SA
The official residence of Zimbabwe’s Ambassador to South Africa David Hamadziripi was a hive of activity as scores of diplomats, South African government officials, captains of industry and media gathered for a grand reception marking 44 years of ind
Saturday Star1 min read
Suzuki Looks To Racing Veterans To Bring Home Simola Silverware
Suzuki Auto South Africa has entered three new Swift Sport models in this year’s Simola Hill Climb in Knysna, scheduled from May 2 to 5. This is the third year in a row that Suzuki will compete for the silverware in class A1 of the King of the Hill c
Saturday Star2 min read
Back To Form Downs Ready For Richmond
THE outcome of today’s Mamelodi Sundowns Ladies versus Richmond United clash at De Aar Merino Park Stadium, in the Northern Cape, could have a dramatic effect on the log positions (kick-off 3pm). Sundowns (15 points) head the log, and Richmond (12) a

Related Books & Audiobooks