Two Ways To Start Investing With Only R500

Posted on by Trish Taylor

We all want the good life. But, YOU have to make it happen because Le good life just doesn’t come on a silver platter. If you think you need millions to start investing, then you’ve been misinformed. 

All you need is R500 every month. It might seem too small an amount, but it’s a starting point that will significantly grow with time. Today I would like to share two ways to get the best possible returns for your money. It is starting by investing R500.

1. Fixed Deposit Investment Account

Most people use fixed deposit accounts for lump-sum savings. However, FNB and Capitec allow you to start with a minimum amount.

FNB’s Flexi Fixed deposit accepts deposits from R100. You can increase your deposit amount at any time but, you can only withdraw 15% of your savings twice a year. Brilliant! What’s more, you’ll also earn interest between 3% to 6.6%, depending on the investment amount. What’s more, there’s no risk. Your original deposit and quoted returns are 100% guaranteed.

Then, there’s Capitec. They offer fixed-term savings plan to deposit money whenever you like, but you can only withdraw once your savings term is up. This term ranges from a minimum of six to 24 months. The only negative with this plan is the 6.4% fixed interest rates because you’d lose out slightly if the speed increased.

2. Exchange-Traded Investment Funds

These are similar to unit trusts because they invest in the financial markets and are easy to access. The minimum monthly investment is R300. You can go through the online platform etfsa.co.za, which covers all exchange-traded products in South Africa. One of the most established ETFs, the Satrix 40, tracks the FTSE/JSE Top 40 index.

ETFs are less costly than active funds. Therefore, they are becoming trendy. However, because you trade ETFs like shares on the stock exchange, they incur additional costs, such as brokers’ fees.

Lastly, if you have between R250 and R500 to save, then try looking at unit trusts. These provide investors with an opportunity to access the market at a competitive cost.

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34 thoughts on “Two Ways To Start Investing With Only R500”

  1. Kholofelo Reply

    Hi I’m new in this investment banking can you please try to explain in full on how much I will get t after how long im truly interested in starting a investment

    • Trish Reply

      Dear Kholofelo
      Well done for taking the 1st step in wanting to invest in your future
      My suggestion is that you put aside a few hours and go into your bank and speak to them about what the best option will be for you investment-wise and what interest you will earn etc
      Good luck

    • Trish Reply

      Hi Sihle

      Well done for wanting to begin investing

      With things being so uncertain due to our Covid lockdowns, I would suggest being sure of the investment that you go to your Bank and get their advice as to what you should invest in now.

      Good luck and well done for starting to invest in your future now

      Have an awesome day
      Trish

  3. Thabo Reply

    I want to invest R500 monthly for 60 months and I want to know about the return I will get if I invest with R500

    • Trish Reply

      HI Thabo
      I hope you are well and thanks so much for your enquiry
      With things being so uncertain due to our Covid lockdowns, I would suggest being sure of the investment that you go to your Bank and get their advice as to what you should invest in now.
      They will also give you an indication of the growth you can expect from your investment
      Good luck and well done for starting to invest in your future now
      Have an awesome day
      Trish

  4. Sbongile Reply

    I would like to invest R500 per month . Kindly assist me with best options.

    • Trish Reply

      Hi Sibongile

      With things being so uncertain due to our Covid lockdowns, I would suggest being sure of the investment that you go to your Bank and get their advice as to what you should invest in now.

      Good luck and well done for starting to invest in your future now

      Have an awesome day
      Trish

    • Trish Reply

      Hi Sibongile

      With things being so uncertain due to our Covid lockdowns, I would suggest being sure of the investment that you go to your Bank and get their advice as to what you should invest in now.

      Good luck and well done for starting to invest in your future now

      Have an awesome day
      Trish

  7. itumeleng mah0ko Reply

    I am 17 yrs old and wish to invest. i hope my age isnt a problem

    • trish Reply

      Dear Itumeleng
      If you are ready to invest now, you really will go far in life
      Because things have changed so much past Covid, I am afraid that I won’t be able to advise you as to what to invest in. I am sure something will come your way. Please remain cautious and Good Luck
      Warm regards
      Trish

  8. itumeleng mah0ko Reply

    I am 17 yrs old and wish to invest. i hope my age isnt a problem

    • Trish Reply

      Hi Sibongile

      With things being so uncertain due to our Covid lockdowns, I would suggest being sure of the investment that you go to your Bank and get their advice as to what you should invest in now.

      Good luck and well done for starting to invest in your future now

      Have an awesome day
      Trish

  9. itumeleng mah0ko Reply

    I am 17 yrs old and wish to invest. i hope my age isnt a problem

  10. itumeleng mah0ko Reply

    I am 17 yrs old and wish to invest. i hope my age isnt a problem

  11. itumeleng mah0ko Reply

    I am 17 yrs old and wish to invest. i hope my age isnt a problem

  12. blessed Reply

    Yeah starting investing with small amount it’s a good idea.. i really want to invest

    • trish Reply

      Amazing Blessed and we wish you all of the best
      We do have an opportunity to purchase R2000 worth of San-O-Tizer from us at Wholesale prices and to double your money by selling it at Retail prices to the Public
      Read more here
      Or the same applies to our CBD Healing and Cosmetic Range
      Read more here: https://lifestyleshoponline.co.za/search?q=cbd

      Thanks and have an awesome day
      Trish

  13. Thabo Tsotetsi Reply

    I want to start investing with little as 500p/m so can you please help me with a right direction to do it.

  14. Hendriks Reply

    I wanna invest but I don’t know how and what options must I consider to grow money as a student

  15. Nkosinathi Ndumiso Reply

    I would like to learn more about investing money as a student and we learn as we grow. So, time is money, even if I could invest R500 it’s could make an impact through learning and growing as a future opportunist.

    • Trish Reply

      Hi Nkosinathi
      Thanks so much for your enquiry
      I love the way you think, and everything you save now will benefit you in the future
      We are living through very unusual times at the moment and we are uncertain of the future of many of businesses.
      I would suggest to be safe now to call your bank and ask them for advice
      Have an awesome day

    • Shimanga Reply

      Congratulations Sakhile! It’s great that you’ve started thinking about it because wealth creation starts in the mind. Investing is the best way to grow capital as you look for that business opportunity. All the best!

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