Stokvels need to diversify their portfolios to maximise returns: While stokvels have existed for decades, there is a lack of diversity on investment vehicles in which savings can be invested for the long term.
“The advantage is that stokvel members have an all-encompassing investing strategy that meets their demands in the short and long term rather than being overly involved in the short-term investments,” Nkosi said.
“As a result, when one asset class underperforms, which is frequently the case, another asset class may outperform, which lessens the impact of the underperformance of one asset class. “Members who reinvest the earnings from their stokvel increase the compounding power of returns. If you invest in cash items, the proceeds could be interest; if you invest in shares or unit trusts, they could be dividends.
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