Leaderboard

Here is a helpful interactive calculator which shows the cheapest RAs in SA for different RA values. Calculate here.

If that is correct, LIARS!

Consider that Outvest's Fixed Endowment invests in a 5-year Absa Fixed deposit. From a tax perspective, - income from the Outvest Fixed Endowment will be in the form of interest - R 23 800 interest per annum is exempt from income tax. (R34.5k if older than 65) Endowments are taxed at a flat rate of 30% Their offer thus is interesting if (a) your marginal income tax rate is greater than 30% & (b) you have used all of or a considerable amount of your annual interest exemption at SARS !!! Note: Outvest quotes a simple rate of interest. This really is somewhat misleading. The FSCA should really enfore FSPs to quote nominal or effective rates only.

Greetings Money has been a cause of concern and i really want to do away with all this anxiety it brings to my day to day. Am always worried of running out but well am not here to vent. Moving on. From my research there are a couple of things i have to get right before i can ensure my finance future. Bank account Savings (Emergency Fund usually then merely savings[a quicker and more accessible sum]) investing The list might not be in its best order nor most detailed form but thats what i know for now(for the sake of this post). Would anyone please assist me with either information and or guidance with these three aspects and also help me on the right path. Tyme Bank would have been my go to bank. Its rates seem lovely. I understand that all the figures advertised may come to change sometime soon and what not but as for now and making a pick, the rate are a good enough starting point. Unfortunately i am not a South African citizen and have even considered other online banks but have not been too luckily finding one that is laid back on the fees and requires to open an account. Any ideas ? I have resorted to FNB EasyAccount(PAYU) and Standard bank(Student Achiever)(am currently a student doing my 3rd year and fear i might not be in South Africa for as much longer to build my savings in a South African bank to then take it out and perhaps suffer hefty fees. Am not sure how this all works but thats why i would like to get an international online bank where that concern is cancelled out) I hope to have my an FNB account forever and hope to bank from wherever in the world with then even later on and hence settled for them and my current EasyAccount before an upgrade to an different account. In the event i save with them(hopefully i do), i feel i have reason to foresee a longterm relationship. Investing, i want to use EasyEquities to make all my investments. They were suggested by Platinum Wealth and hey, i like them. I do not know if its better to have all i save and invest with them or not. Assuming there is a manner of saving i can do with tem in a TFSA. i really dont know how the platform works but i am dabbling in and with information to see what and how far we can go together. i trust that i can get some scrutiny here and get some answers as well. Dont take too long i dont have time. I want to spend it all on the market, i hear thats how you earn anything in the long run Regards PS:I understand it depends on what i dash dash dash lol. Please throw me in the deep end and give me a broad response lol assume everything

An alternative would be to buy the FirstRand US Dollar Custodian Certificates ETF (DCCUSD). As far as I understand it, it buys US treasury bonds in Dollars and settles them (as well as the interest) in Rands, so you get the full effect of the fluctuation in the exchange rate on all your money plus the additional interest on bonds, making it slightly more lucrative than investing in the actual dollar.There is an article on it on JustOneLap: https://justonelap.com/etf-understanding-dccusd/

How do fees compare in 10x RA vs OUTvest RA? Does it make more sense to stay with the same provider? Eg, if one has a TFSA with Easy equities, does it make sense to go with Easy RA ?

I don't mind people punting platforms but this is starting to feel borderline paid-for/affiliate advertising. Regardless, nice product. I might consider switching myself

I've started as well

In simple terms, it's a forum where people can ask financial questions and others do their best to answer them for you.

Since I may not get a chance tomorrow (and the fact that the JSE will be closed), I started my challenge today. I've set the bar a bit high so that it is a challenge and will try source the funds from my salary and other income every month and not use other savings for it (else what is the point): R400 x month cash via TymeBank R400 x month equities via EasyEquities

The year is ending and the bitcoin halving is still approaching. Like previous halving event, the price did indeed start to show an improvement, and it has continued to range mostly between 6-10k for most of the year which is what I was expecting. With the halving event getting closer, I would expect some people to start front running the price up to the event, but the real 'chaos' and volatility to probably come in the months following. It all depends on how many people will try to use their knowledge of the halving as an advantage, to buy ahead of time. Today the price is about $7430 which is around a 98% increase in value from today's date one year ago. Currently sitting at about R114852 on ice3x.com exchange and R114224 on Luno. That is about a R10k price difference to the USD price, so there is some wiggle room for arbitrage, if you are buying on a US based exchange like Kraken and then selling on SA exchanges. I am still accumulating now that I am back from my travels in South America, and still believe that the real big price increases will be in the months following the halving event, which is now predicted to be on 14 May 2020. My "guestimate" is that IF there is another repeat of events like what has happened in the past halving event, the price change could improve again by 5 to 10 times what it is now, within the next 3 years. Of course, if you want to benefit, you should only use money you are prepared to risk, as bitcoin is extremely high risk....but potential high reward. So far the price is sticking close to where it is predicted to go if you are using the Stock to Flow model.

I heard (maybe it was Mr. Brown on Twitter) that Massmart is a potential good buy because the Americans need to make it look attractive to offload it. This is based on a split second glance at a tweet or something so anybody reading this would need to do more research themselves.

So over the holidays we walk past the kiosk and i decide to get my card. Easy enough. Wife ask what this is and I tell/convince her to open an account. Was it 5 minutes? Not sure but her account was up and running with a card in hand quicker than standing and paying for groceries at the till.

I am still loving this account.

I'm no expert but assuming you are far away from retirement age and as per user name you intend to be financially free by 2029, do you really want your money locked away in an RA? Anyway, what I do is this: Max out TFSA first Contribute a percentage to pension (15%) because I can get this money out if we immigrate. Point is: I'll not be force to by an annuity one day and won't be subject to whatever unknown tax regulation there will be one day I contribute a small amount to an RA every month to 1) offset any monies I might owe SARS come tax season and 2) just in case... Once I leave my current job I'm still in two minds on what I'm planning to do with my pension. Currently I'm leaning towards taking the tax hit, cashing it out and investing it offshore. I trust this SA government and pension/RA money exactly f**ol.

Problem is, in a TFIA, there are no tax savings in offshore ETFs except capital gains...

The Sygnia skeleton balanced funds are cheap with TIC=0.55% and is also a good choice. It got cheaper over the year, the reason might be that the funds holdings are Sygnia ETFs. Together with my RA, I use my TFIA to increase my offshore holdings, so no local equities outside RA.