Which country to start investing, R100k initial and R5k monthly?
Hello, thank you for taking the time to read this
I've tried my best but cannot really wrap my head around how to go about investing. People I have spoken too said I don't have enough to start meaningfully investing but I am nearing a quarter of my working life and my income is not increasing in the near future so if its not now I don't see when it could be.
I am nearly 30, have been in graduate school in Japan. I am South African and British citizen. I have the equivalent of R100k on top of an emergency fund that I would be happy to put away for the next 30 years, and R5k a month I can put away too, but I do not know where to put it. My stipend is tax exempt in Japan but I am a tax resident here. I haven't lived in SA for 6 years but want to return within the next 10.
What kind of account can I open? I will likely leave Japan within the next 2 years (moving to Europe or US for a relatively low paid academic position) and it seems quite difficult to transfer investments out of Japanese investment accounts, so an international one would be better. Is a South African one a good idea? Would I have to be present in SA to open it?
Any ideas or advice would be appreciated.