I'm a 40 year old married male, 2 young kids, wife.
I have just over R1mill worth of savings in my flexi home loan (balance currently around R700k with the savings in the account). I put it there to hopefully save on the interest I pay at 6.9%. I then have another R800k sitting at another financial institution which I can release within 2 weeks. My provident fund is worth just over R2mill (kind of disappointing that I've worked for 22 years to get it to that level). My home loan is the only debt I have.
Every FA that I've dealt with has not been competent and their movement of my money has led to losses. So for the last few years I've avoided them and try to manage my finances myself. I will freely admit that I haven't spent much time investigating what are the best options. I don't really like change but recognise that there must be better options out there than what I have now.
Would appreciate some suggestions and explanations of what would be the best way forward considering my financial situation. Thank you.
I have just over R1mill worth of savings in my flexi home loan (balance currently around R700k with the savings in the account). I put it there to hopefully save on the interest I pay at 6.9%. I then have another R800k sitting at another financial institution which I can release within 2 weeks. My provident fund is worth just over R2mill (kind of disappointing that I've worked for 22 years to get it to that level). My home loan is the only debt I have.
Every FA that I've dealt with has not been competent and their movement of my money has led to losses. So for the last few years I've avoided them and try to manage my finances myself. I will freely admit that I haven't spent much time investigating what are the best options. I don't really like change but recognise that there must be better options out there than what I have now.
Would appreciate some suggestions and explanations of what would be the best way forward considering my financial situation. Thank you.