Bandit

And for those that really REALLY want to be broke after tomorrow: https://www.cameraland.co.za/blackfriday

GeeWiz: https://www.geewiz.co.za/1901-black-friday-2017?id_category=1901&n=31

Dunno the exact number but it's somewhere in the 6.5% region. These 32 Day accounts are tiered so the more you have in it the higher the interest rate becomes.

You, as a kindergartener, start a company: "5yo Toys!"... 5yot for short and create an online shop at 5yot.co.za You realise that developers and server admins are very expensive and that it is not cost effective for you to hire your own. So you contact a development house and ask if they would write and maintain your online shop, manage your servers etc. So now, instead of hiring your own IT staff you get a bill from a development house every month and pay them. And that is outsourcing in a nutshell.

Help stop the bloody ANC from wrecking JHB again: https://handsoffmashaba.co.za/

I make use of a combination of a notice deposit and credit card. FNB 32 Day notice deposit with 5-6 month's expenses in it. If I have an emergency I use my credit card when possible and then request money from the 32-day account to settle the expenses on the credit card. If I can't use the credit card I pay the penalty fee on the 32-day account and get the money instantly. Pro Tip: if you are with FNB and you schedule a monthly deposit of R1000 or more to go into the 32 day account you score some extra eBucks (unless they changed the rules since the last time I checked).

Would be interesting to know what your emergency fund strategy is, how you structured it or if you even have one and why not? If we get enough feedback and different approaches we can summarise them in this post at some stage.

Wait until those behind-the-times Dubranites realise Starbucks isn't that great. Seatle Coffee FTFW!

The effect, if any, would've been felt already and most likely have been localised to Zim and the surrounding areas. I doubt the rest of the world really cares.

Shares, ETFs and ETNs

No, whenever you want to

Share Saver - cheapest, invests your money into the top 100 companies using the two Ashburton ETFs Share Builder - FNB pre-selects shares you can invest in Share Investor - Full share investing Long story short... use easy equites or Absa

No invite yet but I'm seriously considering it

http://allcatalogues.co.za/black-friday-2017 (if the link doesn't work copy paste it.... the https version is broken)

Bidorbuy will have Black Friday deals going

For the sake of this thread, let's assume the guy buying is fully aware of the "bad" financial decision he is about to make and have his emergency fund, income protectors and investments (TFSA, pension, RA etc) sorted. Let's assume what the guy wants to know is the best approach in repaying a car.

10x uses a Vanguard fund for offshore exposure so that's another plus imo.

/approves [emoji14]

Look at 10x. I don't use them since I already had one by the time I heard of them. Before you sign any papers check the penalty fees if you want to move your RA to another provider. Anything more than R0.00 is bullshiaat and you should tell your FA exactly that. Sygnia also has one and you do the need an FA for them.

If I'm not mistaken they work out the interest that needs to be paid on the full amount, subtract the balloon from the final amount and let you pay off what's left. So yes, still paying interest. BUT, if you can afford that lump sum at the end or even "gamble" that what you save and push it into an investment account that gives you better growth than the loan interests (Offshore ETF...Naspers... Bitcoin.... this is getting BAD) then I reckon you may actually score if you balance and execute it correctly.

Me? What no... asking for a friend....

Let's assume you've bought a car for R200,000 with a 25% balloon payment (R50,000) over 60 months. Now let's assume you can make an additional lump sum payment every couple of months. Do you ask the bank to... 1. Recalculate ypurmo monthly repayments (so pay less every month but still for the remainder of the 60 months term). 2. Keep the monthly repayment the same but for a shorter term, effectively paying less interest. 3. Reduce the balloon amount.

Which RA are you looking at?

If you are going to print your cryptocurrency then own it. No need to talk in the third person. Mod note: approach with caution

The taxbenefit more than makes up for any extra growth an ETF etc. will give you. If you have a pension fund or similar it is deducted from your PAYE every month (instant tax benefit) and your take home pay isn't affected that much (not to mention companies contribute to it on your behalf). I don't max it out but it's more than 15%. There's also a max amount you can contribute every year (R300,000 something). TFSA is "easy" to fill up especially at 41% tax bracket.