How should I invest R1.5m?

OPTION: SINGLE DISCRETIONARY ALLOWANCE

- Jonathan Braans

The question: I'm 54 and inherited R1.5 million from the sale of a property. I have no debt and no dependants. How should I invest this amount?

The answer: It is always difficult to answer a question like this without knowing more detail. Specifically, I'd need to know more regarding your risk profile, liquidity requirements, income requirements and tax profile. Once this information has been gathered, providing advice becomes a lot easier.

For example, the recommendations I would make to a client with R1.5 million would differ materially depending on whether they need income from this investment or are simply looking for maximum capital growth.

At 54, your investment strategy should focus on balancing growth potential with risk management, especially considering your retirement might be in sight in the next decade or so.