Q&A On Offshore + Credit Investing & The Difference Between Life, Disability, Funeral + Income Protection Policies & More

Honest Money

In today’s episode, Warren Ingram answers your questions around investing offshore, more on RSA retail bonds, investing on credit, and touches on the importance (& the difference) between life cover, income policies, funeral cover, and disability cover.
Topics/ Questions:

1. What would you do with a large lump sum if you want the money to do offshore? Do you wait till the exchange rate drops? And what do you think of the RSA retail bonds at 9.75% guaranteed for 5 years?
2. I have access to money on credit with a 17% interest rate after 62 days. I don’t have debt and I’ve just retired, I’d like to use R20,000- R30,0000 to invest in shares on the Easy Equities platform, what are your ideas and suggestions?
3. I see a lot of talk of retirement and investing. Should I take life cover, funeral cover, or both? I’ve also seen disability cover, please can you help.

Have a question for Warren? Don’t forget to voice note your questions through our WhatsApp chat on ([phone] and you could be featured in one of our episodes. Follow us on Twitter, LinkedIn and subscribe to our YouTube channel for more Financial Freedom content: @HonestMoneyPod

Have a question for Warren? Don't forget to voice note your questions through our WhatsApp chat on ([phone] and you could be featured in one of our episodes. Follow us on Twitter, LinkedIn and subscribe to our YouTube channel for more Financial Freedom content: @HonestMoneyPod