Turn your goals into reality . . . a whole lot quicker!
OUTvest, the easy-to-use, online investment platform from OUTsurance that helps you set and achieve any goal, now offers Crowdvest to invite loved ones to help make it happen sooner
WE ALL have something we’d like to save for, whether it’s your child’s education, kicking off that new business you’ve been dreaming of, or a deposit on a new home. But most of the time it’s just talk and no action, because it’s not easy to save diligently and most of us find investing overwhelming. OUTvest is changing that. Grant Locke, the creator of OUTvest, says the simple act of saving instead of using loans to pay for large purchases can have a massive effect on a household’s wealth – or lack thereof.
There’s no better time than the present. The earlier you start to save the better, and the lower the amount you’ll need to save each month to reach your goal. WHAT IS OUTVEST? OUTvest is a digital investment platform that uses state-of-the-art investment technology and advice systems to help you plan, create and reach your goals with awesome online budgeting tools. Set up a goal and OUTvest will help you build a personalised
investment plan, including helping you decide whether a tax-free savings plan is right for your goal. This digital platform makes it easy to manage your investment and track your goals online or through the OUTvest app. WHO CAN USE IT? Anyone can be an OUTvestor, because we all have goals. Whether you want an easy and rewarding way to create a tax-free savings account, or want to save for specific goals for the future, all you need is a dream and the discipline to put away as little as R100 a month.
You don’t even need investment experience – the OUTvest digital advice system and goal-setting calculators will help you to understand how much you need to save, and recommend a fund to help you reach your goals. WHAT DOES IT COST? OUTvest fees are very low and competitive compared to traditional investing – as low as 0,8% of your investment, all-inclusive, depending on how much you invest. The easy-to-use pricing indicator on the OUTvest website can help you to compare OUTvest fees with the average fees charged on investments. WHY USE OUTVEST? OUTvest makes professional investing easy. The beauty of OUTvest is that you can build a professional investment plan online by yourself. The intuitive do-it-yourself website and app are backed by advanced investment technology and your money is invested in unique funds, some only available through OUTvest. The advisors in their call centre will help you overcome any concerns and provide investment advice to help you make decisions about your investments.
“We believe OUTvest will increase the average person’s access to sound professional financial advice,” says Niel de Bruin, OUTvest co-creator. WHAT IS CROWDVEST? Imagine being able to share your goal with friends and family, and ask them to help you make it a reality. Your son’s school soccer tour? The family would love to help. Your wedding? Family would be honoured to contribute to your special day, and friends could even contribute towards the high costs rather than buy a gift.
Once you’ve created your goal, OUTvest will create a webpage and send you a link to share. Loved ones can make a contribution straight away, and you can track each deposit from the goal on your dashboard. Remember, due to a limitation on contributions you cannot Crowdvest a tax-free savings account.