There are MANY ways to build wealth. Just pick the one that align with YOUR goals.
The one you are most comfortable with, and makes the most sense. Not what other people are doing.
You can learn from others but always execute with yourself in mind
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How I “lost” R127,300 in my TFSA by not listening to my own advice 😱😱
A thread on why simplicity beats complexity even when you think you know better
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You’ve found an ETF you like
Before you hit “buy,” there’s 1 doc that can save u from a costly mistake: the fund fact sheet, or Minimum Disclosure Document
It’s the ETF’s ID card
It tells u everything u need to know at a glance
Here are the bare min. sections U must understand
After being completely MIA for a few months, the retail government bonds are back with a bang. Straight to the top of the pile for the best rates on fixed deposits
It may not be the 10%+ that many wait for, but it is one of the biggest single month jumps in their history.
𝗣𝗥𝗢𝗝𝗘𝗖𝗧 𝗥3833 𝗣/𝗠 - generating enough interest to max out your TFSA:
You would need R497 254 of capital invested.
At last month’s 7.75%, you would need R593 497 in invested capital.
New Month! New Rates! Global uncertainty events causing havoc
Fixed rate investments
2Y ⬆️⬆️ 1.25%
3Y ⬆️⬆️ 1.5%
5Y ⬆️⬆️ 1.5%
Top Up account investment
⬆️⬆️ 1%
The difference is investing this month will get you 19.35% more in interest, than it got you last month….. R1 000 000 invested for 5 years gets you R7 708.33 per month, vs R6 458.33 per month, last month
Market timing is not a game you should play by default, but you should never miss out when life throws some opportunities your way.
HAPPY INVESTING!
“ETF Cheat Sheet: JSE Edition”
Bringing this back to the TL for all the new ppl
A quick guide to which ETF to use for SA markets, US market, Developed markets, Emerging market, Property, Bonds, Tech, AI, Commodities etc.
This is not an exhaustive list, pls do more research
11 Years of Maxing My TFSA:
The Mistakes I Made So You Don’t Have To
I’ve maxed my TFSA every year since 2015.
R421,000 contributed.
R814,733 current value.
But it wasn’t perfect.
Here’s what I got wrong 👇🏽
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Books I would recommend;
1. Simple path to wealth by JL Collins
2. How to make your first Million by Warren Ingram
3. 100 Baggers by Christopher Mayer
4. You are not broke, You are Pre-rich by Mapalo Makhu
5.Quiet Moves, loud returns by Nicolette Mashile
6. Psychology of Money by Morgan Housel
@KreatesWealth On my side I'm struggling I did my research and I think I'm overlapping as well, any tips and strategy. Quick question if the rand is doing well does it affect your US investment
For those looking for some investment ideas, I love listening to the Asset class podcast, I enjoyed the below discussion point with John Biccard 👇🏽
https://t.co/2qj1BuKiOB
I need more South Africans to realise the true power of TFSA and stop using them as savings accounts to put money into and withdraw months down the line or keep the funds invested with a bank. You’re sitting on a gold mine!
We’re celebrating smart money moves this #SavingsMonth! 💰💡 Clue: It’s something entrepreneurs need to grow their money. Comment with your answer using #SBLovesSMEs💙 and you could win R2 000! T&Cs apply: https://t.co/s9yPWX0RIP
#RiseAboveTheNoise
TBH all I need is:
🤗 A hug
💵 A cash injection
🍺 And a Flying Fish to make today #SurprisinglyGood
QT "💚" if you agree, and we could make your Thursday (and your DMs) experience a taste of something #SurprisinglyGood