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Bandit

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Bandit last won the day on January 16

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About Bandit

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    Keeper of the Ban Hammer

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    https://offtopic.co.za

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  1. If that is correct, LIARS!
  2. Bandit

    EasyEquities

    Bundle/Basket = a combination of ETFs
  3. The only thing I know about endowments is that 1) they're tax efficient and 2) some people get burnt by the fine print and end up making nothing.
  4. 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
  5. Does it mean the price goes up, down or no impact? That's all I really want to know. EDIT Got it!
  6. 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
  7. 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. 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. Yeah but is there going to be any real benefit? Assuming you're an average South African with debt (car, house) you may do better by paying that off first, no? You'll save on interest and the "gain" you get is also effectively tax free.
  10. I'm not rich enough for that to be an option
  11. I should've qualified that with "Do you really want your money locked away in an RA in South Africa at the mercy of our lawmakers?"
  12. 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.
  13. Which one of you is going to do this with crypto? Come on...
  14. That's not a bad idea actually: shares. I may rethink my entry If you use the Easy Equities platform you'll be able to buy for less (partial shares).
  15. Don't mess with the formula. It's meant to be difficult close to the end else what are we doing here? It is designed to foster a culture of saving. If you are fortunate enough to have your financial affairs in order you'll be saving a flat amount every month. There's not reason to change anything. Commit some values, even if it is "play" money and play the game.
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