MONEY CLINIC | Which investment vehicle should I invest in for short-term gain?
iStock A Fin24 reader, writing on behalf of her grandmother, wants to know what short-term investment vehicle would be best in yielding enough profit to live on, while preserving her capital investment. She writes: My grandmother recently received a third of her retirement money as a lump-sum payment (roughly R200 000), and she wants advice on what to do next. She will be receiving the rest of her retirement as a monthly salary until she passes on. She wants to invest in an investment vehicle that will allow her to live off the profit, but still preserve the initial capital. The time frame...