Looks at investment platforms for the average investor
WHERE CAN I FIND OUT MORE?
Choosing the right unit trust, ETF or savings account is not easy as there are many products on offer. However, there are a variety of ways to narrow down the field. “You can get a financial adviser to help you or there are online tools that ask you questions and then recommend products. However, the tools will only be as good as the quality of the information you put into them,” says Botha.
Further research can be done by delving into fund fact sheets, which are generally available online. You can also consider ratings awarded by rating agencies, such as Morningstar, and awards such as the Raging Bull Awards. However, these aren’t guarantees of performance for the future.
“Ratings and rewards are focused on the short term, whereas fund fact sheets will offer you better guidelines on performance,” says Ngwane.