Bet­ter in­vest­ment in­come

Finweek English Edition - - Letters -

MY MONEY is in­vested with Absa in its In­vest­ment Ad­van­tage port­fo­lio, where it’s cur­rently earn­ing only 6,5% in in­ter­est. I’m 72 and I rely on the monthly in­ter­est to sup­ple­ment my pen­sion. With­out the in­ter­est I wouldn’t be able to keep my head above wa­ter. We’re also aware of the strong like­li­hood of in­ter­est rates fall­ing fur­ther.

I would also not like to tie my money down so that it’s not eas­ily avail­able.

Newspapers in English

Newspapers from South Africa

© PressReader. All rights reserved.