Give a gift that lasts a life­time

Weekend Witness - - Scene Around -

FNB has come up with some gift ideas that may trump those that don’t last un­til the end of Jan­uary

The bank said that buy­ing shares on the JSE or in Kruger­rands are gifts that build wealth, and they are easy to ac­cess through online in­vest­ing. “It is too easy to be swept away in the fes­tive sea­son buy­ing ex­pen­sive gifts for fam­ily mem­bers, but there are other op­tions that could ben­e­fit your chil­dren or loved ones far into the fu­ture,” said.Carin Meyer, chief ex­ec­u­tive of­fi­cer of share in­vest­ing at FNB.

The banks said it makes sense to in­vest in some­thing like an ex­change traded fund for your child, where a few times a year you can in­vest small amounts giv­ en by your­self, grand­par­ents or friends. “It is a way to slowly build wealth over a long pe­riod of time,” said Meyer.

There are some rea­sons why Kruger­rands are good gifts. The 22­carat coin comes in four sizes, you are able to buy one tenth of an ounce, all the way to the full Kruger­rand. A Kruger­rand is the most widely known and ac­tively traded bul­lion in the world.

— Own Cor­re­spon­dent.

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