Unit trust saving
I’ve been saving R2 000 a month since January in a 32-day notice account, but I am not earning much interest. Should I invest in a unit trust? City Press replies:
You need to decide what this investment is for.
If it’s for a short-term goal and you will want to cash it in within the next year, you do not want to take too much risk and should rather leave it in the 32-day notice account.
But if you’re planning on saving for the next three to five years, you should look at an investment that can give you growth over that period, such as a unit trust or exchange-traded fund.