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Showing content with the highest reputation since 12/17/2019 in all areas

  1. 1 point
    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 ?
  2. 1 point
    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
  3. 1 point
  4. 1 point
    In simple terms, it's a forum where people can ask financial questions and others do their best to answer them for you.
  5. 1 point
    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
  6. 1 point
    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.
  7. 1 point
    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.
  8. 1 point
    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.
  9. 1 point
  10. 1 point
    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.
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