Should I Calculate Inflation When Working Out My Returns, Where Should I Invest a Large Lump Sum of Money & Where Should I Save First, Emergency Fund or TFSA?
Episode description
Warren Ingram answers your questions around calculating your returns with inflation in mind, where to invest a large lump sum of money short-term and where to save your money, in your emergency fund or your TFSA.
Questions/ Topics:
- How do you calculate your real return on investments when you look at a fact sheet of an ETF? Should you consider inflation and deduct it from your returns?
- My in-laws have about 500k in their accounts and they want to invest it somewhere. What's the best place for them to invest this money?
- Is it better for me to save more in my emergency fund or max out my Tax-Free Savings Account instead?
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Have a question for Warren? Don't forget to voice note your questions through our WhatsApp chat on (+27)79 807 8162 and you could be featured in one of our episodes. Follow us on Twitter, LinkedIn and subscribe to our YouTube channel for more Financial Freedom content: @HonestMoneyPod