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Showing content with the highest reputation since 05/16/2019 in all areas

  1. 2 points
    Yes, firstly, don't overdo it with too many ETFs. Just pick a few core ones and stick with them. Otherwise you just end up with higher costs, duplication of stocks and possible over-exposure to certain stocks that is hard to control. Secondly, pick a good mix of local, international and property shares to spread your risk. If you want to stay with Satrix only, I'd recommend something like the following portfolio split: Satrix 40 (STX40) : 40% Satrix MSCI World (STXWDM) : 40% Satrix Property (STXPRO) : 20%
  2. 2 points
    We actually wrote an article about this a few months ago. https://platinumwealth.co.za/insights/finance/building-an-emergency-fund/ One thing I would add is to look at Tymebank (we have them online if you have questions @TymeBank Team) If you use them as an emergency fund you will be earning more interest than any other bank in South Africa. With that said, personally, I do a 32-day notice account + credit card (if the funds need to be accessed right now) and then can be paid back from the notice account.
  3. 2 points
    Just registered and I must say,I am impressed with their steps of registering.so thank you Tyme Bank.
  4. 1 point
    Recently retired (or sort of) now based in the Garden Route. Although I do have Unit Trusts, I prefer ETF's and doing the migration to the latter in a structured (or trying to) way, as and when the opportunity allows. Also trade commodity options (on US exchanges) to keep my mind active and for something different. As far as JSE equites go ....sshhh ... currently like having a family member in Pollsmoor - don't talk too much. Looking forward to sharing ups and downs and successes !!
  5. 1 point
    Come, move to JHB. It's the best city in SA. You won't miss the mountain....
  6. 1 point
    I decided to give TymeBank (TymeDigital) a try today. I am very excited for Michael Jordaan's BankZero, but TymeBank beat them to the punch and launch the first fully digital branchless bank. There were some initial hiccups with their website not working, but overall the experience was incredibly smooth. To open a TymeBank bank account simply sign up online through their website (Click here to open a TymeBank account). This process is incredibly simplified through the use of eFica they are able to FICA you without any documents all you need is your ID number (just the number, you type it into the website) and a cell phone (for OTPs and confirmations) then you set a pin and you are done, you now have a fully fledged bank account. There is a catch... In order to activate and get a debit card (visa debit card), you need to go into a Pick n Pay to the TymeBank kiosk. Take your cell phone with because when you log into the Kiosk it will send an OTP to your phone. All you need to do at the kiosk is scan your thumb fingerprints then your account will be fully verified and the machine will print your debit card. This entire process took me less than 10 minutes, registering online took 3 minutes and printing my card at the Kiosk took 4 minutes. After this, I downloaded the TymeBank app from the google play store and its impressive, very neat layout and functional. In fact, I like their app better than Capitec (and I have been using Capitec since 2008). Their app still needs some work, I think they are using some AWS instance not locally so the lag time on the app is noticeable (latency from whatever region they use), but its nothing major. Why did I get a TymeBank bank account? There are zero monthly fees, so I figured if it does not cost me anything to open the account and it does not cost me anything to have the account then why not. Something to note, SMS on TymeBank are free too, other banks should take not, especially Capitec, I know they make a killing on SMSes. The other drawcard for me was the integration with Pick n Pay (although their staff is completely clueless about how Tyme works, I went to two Pick n Pays and neither one's staff had a clue what to do when you want to add funds). Anyway, the reason I like it is that I shop mostly at Pick 'n Pay and with a TymeBank account, you can get double the smart shopper points if you use the card as your payment method and using it to swipe for the smart shopper instead of the blue pick 'n pay card. The other reason I got the account is for the interest. You get 6% interest from day one and if you leave your money you can get up to 10% interest, so I will put a few thousand bucks into this account and just leave it to earn interest, basically extra cash I will put into TymeBank as I will earn almost double the interest I get from Capitec. Another worthwhile note is that all TymeBank account holders get free wifi at all Pick n Pay and Boxer stores, not that I really need this, but for a bank account that does not cost me anything, it's a nice perk to know if I ever do run out of data I can pop into a Pick n Pay and be connected again. How to get money? It might not be obvious at first with all the digital bank and feeling like this is some special service. It's a normal bank account you get an account number so EFT some money to your TymeBank bank account. If you have cash on hand then you can go to any Pick 'n Pay. It will cost you R4 at Pick n Pay to deposit cash into your TymeBank account, which is alright. Pro Tip: The people at Pick 'n Pay will have no idea how to do it, so to avoid boiling your blood tell them this is a normal online deposit (they should understand what that means). Here is the card I got: This is a fully fledged debit card (visa), you can do online payments everything, there are no limits. The interesting bit, this card costs nothing. Capitec charged me R50 for my card.
  7. 1 point
    Any advice for new time investors on Satrix?
  8. 1 point
    I cant view it because its behind a paywall that I wont pay...but ja, I dont trust those guys one bit
  9. 1 point
    Nice. Do we have any PW Telegram groups btw?
  10. 1 point
  11. 1 point
    What a bank I like everything about tyme to bank
  12. 1 point
    Hello everyone. I'm Cheryl, founder of pedlar.co.za Nice to meet you
  13. 1 point
    Very good documentary about Warren Buffett Becoming Warren Buffett 2017 (HBO Documentary Films) [video=youtube]https://youtu.be/2VlojxrCp9Q With a net worth of more than $60 billion, Warren Buffett is truly a one-of-a-kind billionaire. Now 86, the legendary investor still lives in a modest home in Omaha, and continues to drive himself to the office every morning to manage Berkshire Hathaway, the fourth-largest public company in the world. But more surprising than his humble lifestyle and self-effacing personality are Buffett’s moral integrity and unique mind, which drove him not only to become the most successful businessman in the world, but also an unparalleled philanthropist. With unprecedented access to his day-to-day personal life, Becoming Warren Buffett tells the improbable story of how an ambitious, numbers-obsessed boy from Nebraska became one of the richest, most-respected men in the world. The definitive documentary on Buffett, this candid portrait sheds new light on a man who has helped shape the way Americans view capitalism and, more recently, philanthropy. Told primarily in Buffett’s own words, the film features never-before-released home videos, family photographs, archival footage and interviews with family and friends. Buffett, along with partner Charlie Munger, would build his fortune at Berkshire Hathaway, a struggling textile company that he turned into a behemoth holding corporation with stakes in Coke, Heinz, Geico and other blue-chip companies. Tracing his ascent from first-time investor to business maven, the documentary delves into the highs and lows of Buffett’s career and personal life, from becoming a father of three and the world’s richest businessman, to weathering the Salomon Brothers treasury bond trading scandal, which threatened his sterling reputation, the loss of his wife and first love, Susie Thompson Buffett, and what led him to make the largest philanthropic donation in history. Kunhardt Films’ HBO credits include the Emmy-nominated Nixon by Nixon: In His Own Words, the Emmy-nominated Gloria: In Her Own Words, the Emmy-winning Teddy: In His Own Words and the Emmy-winning Jim: The James Foley Story. Becoming Warren Buffett is a co-production of HBO and Kunhardt Films; directed by Peter Kunhardt; produced by Teddy Kunhardt and George Kunhardt. For HBO: senior producer Jacqueline Glover; executive producer Sheila Nevins
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