The first tranche of the Discovery Capital 200|300+ had an overwhelming response. Due to demand from the market, Discovery will make another tranche available from 15 May 2023 to 19 June 2023 on the Discovery local Endowment. The Discovery Capital 200|300+ July 2023 tranche, similar to its predecessor, will give clients the possibility of 100% growth if the global share basket is flat or positive. It will also offer an additional 100% growth if the global share basket is up by more than 40% over the five years. Growth is before the effect of fees and taxes. With a global portfolio linked to 20 companies in Europe and the United States of America, clients can also get enhanced upside returns with downside protection, hedged against currency movements. In addition, they'll have access to a boost of up to 20% on new lump sum Endowment Plans. How it works The growth clients can get
Clients will get 100% growth if the underlying global share portfolio return is flat or goes up by as little as 1% over a five-year period. If the global share portfolio grows by 40% or more, over the same period, they will get an extra 100% growth. If the global share portfolio goes up by more than 200% over five years, clients will also receive any additional growth above that level. Clients will also receive downside protection Should the portfolio fall by up to 30% during the five-year term, downside protection will kick in. Should the global share portfolio fall by more than 30% from its initial level at any point during the five-year investment period, the downside protection will fall away. The downside protection will provide clients' initial capital back, before the effect of admin fees, advice fees and taxes. The growth, conditional downside protection or any other resulting return is before the effect of advice fees, Discovery admin fees and taxes where applicable. These fees and taxes will affect the final return. Clients can enjoy a boost of up to 20% on client investment In addition to the return of the Discovery Capital 200|300+ Fund, clients can get a boost of up to 20% on their investment if they take out a new Endowment Plan. Clients will receive a portion of the boost after five years, and the rest of the boost after 10 years. For clients with an existing Endowment Plan, the boost will not apply to transfers into the Discovery Capital 200|300+ Fund from non-qualifying funds. This offer is available on our lump sum Endowment Plans from 15 May 2023 to 19 June 2023. To apply for the Discovery Capital 200|300+ (July 2023 tranche), contact Kevin or Sandra in our Investment department, email service@daberistic.com, tel (011)658-1333 Source: Discovery
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There are several ways to get customer support from Discovery South Africa:
Note: For specific departments such as Vitality or Discovery Life, there may be separate contact details available on the Discovery South Africa website. Click here for Quick access What about on WhatsApp? Yes, you can also get customer support from Discovery South Africa through WhatsApp. Here's how to do it:
Minimum investment R100,000, five-year term. For more information, email service@daberistic.com or book a discussion with Kevin Yeh: https://calendly.com/daberistic/15min
2022 has witnessed the worst stock market and bond market performances globally in the last 40 years. While we advise clients to be patient and not withdraw or change their investment portfolios (at the wrong time), as we expect the market to recover in the next 12 to 18 months, we also understand you as investors are looking for alternative investment options that provide high, secure returns. In this article we highlight 3 options.
1. Fedgroup Secured Investment Fedgroup Secured Investment (Participation Bond) has been around for over 30 years. It is a five-year investment, giving investors a fixed interest rate return over the five-year period. Currently it has a special offer, giving investors 12.6% p.a. compounded return over 5 years. If an investor invests R1,000,000. he would get R1,611,335 (capital and interest) back at the end of five years, after our advisor fees. The interest income may be subject to tax, based on your tax position. If your marginal tax rate is 35%, then your after-tax return is 8.19%. If your marginal tax rate is 45%, then your after-tax return is 6.93%. 2. Guaranteed growth investment This type of investment is offered by life insurance companies using an endowment product structure. You make a lump sum investment, at the end of five years you get the maturity value back, tax free. Life insurance companies use their tax planning to offer this investment product. For a R1,000,000 investment, currently the life insurance companies offer the following after-tax yields: Discovery - R1,398,439, 6.94% Liberty - R1,380,442, 6.66% Momentum - R1,403,175, 7.01% Old Mutual Wealth - R1,402,337, 6.90% These yields are subject to change weekly. Please contact us to obtain the latest best rates. Guaranteed growth investment is especially attractive to high-income, conservative investors looking for guaranteed returns after tax. 3. RSA Retail Savings Bonds RSA Retail Savings Bonds is offered by the South Africa National Treasury, you lend money to the government and receive interest every 6 months. It offers 2, 3 and 5-year fixed rates as follows: 2 Year Fixed Rate 9.50% 3 Year Fixed Rate 9.75% 5 Year Fixed Rate 11.50% Minimum investment is R1,000. You can invest up to R5,000,000 in RSA Retail Savings Bonds. Persons over the age of 60 can receive their interest payments monthly. For more information on RSA Retail Savings Bonds, visit official website https://www.rsaretailbonds.gov.za/home.aspx. If you would like to speak to an advisor about investment options, email service@daberistic.com with your details. For our investors investing in Morningstar Managed Portfolios, click below to access the latest performance snapshot, market commentary and market performance summary: Morningstar SA Managed Portfolios Morningstar Global Managed Portfolios (USD) SA Q2 Portfolio Commentary Global Q2 Portfolio Commentary Market Commentary - SA and Global Market Performance Summary - SA and Global Hi everyone, this is Uncle Kevin. Today I would like to encourage you to start investing today.
Have you developed a savings habit? Are you saving money every month? Do you know that by consistently investing money every month, you are going to reap the rewards in the long term? Investing is not a short-term game like a 100 metre sprint, but rather a long-term game like a 42km marathon. I would like to use two real-life client examples to demonstrate how you will reap rewards in the long run. Zane is now 43 years old. 10 years ago when he was 33, he had a financial planning meeting with me. He wanted to invest for his child's education. At that time I advised him to take up a Discovery Invest Endowment Plan, R1,000 per month, with the contribution increasing at CPI inflation rate every year. He started the investment on the 1st of April 2011. He has continued with the investment plan without fail. In year 10, his monthly contribution was R1,639. Now 10 years later, at the beginning of April 2021, the investment plan value, after deducting income tax, is R 223,691. The internal rate of return, IRR is 8.39%. Now internal rate of return is the net return received by the investor, net of fees, charges and taxes. So over the 10-year period, Zane has received on average 8.39% return per annum. Which is a good return. The second client, Ken is now 49 years ago. 10 years ago when he was 39, he also had a financial planning meeting with me about the same time, and he wanted to invest for long-term. At that time I advised him to take up a Discovery Invest Endowment Plan, R1,000 per month, with the contribution increasing at CPI inflation rate every year. In year 10, his monthly contribution was R1,639. Now 10 years later, at the beginning of April 2021, the investment plan value, after deducting income tax, is R202,116. The internal rate of return, IRR is 7.13%. There are 3 points I would like to focus on:
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