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Tfsa

  • How you can start investing today - even with a tiny amount of money
  • The word “investing” might conjure up men in suits, big deals around boardroom tables and the exchange of millions of rands. But today I'm here to tell you that investing is not just for the rich, it's not just for super smart financial gurus. And you don't have to be the Wolf of Wall Street to start investing. Even if you have only a few rands to spare, you can start investing today.... ››› more
  • [17 June 2020]
  • Read this” #MindBlowing
  • You recall the ‘mind blowing' emoji? That's how I feel every time I find someone without a tax-free savings account (TFSA). After all, it's one of the best investment decisions you can make as a South African. It's a total no-brainer if you're serious about investing. And, just last week, Tito Mboweni, the SA finance minister, increased your tax-free annual limit from R33 000 to R36 000. ... ››› more
  • [06 March 2020]
  • A “Retirement Plan B” you can't ignore!
  • Let me ask you a serious question… How many of you believe you have enough money to last your retirement? Well when you consider that over 50% of South Africans aren't confident they will be able to draw an income in retirement, I'm going to assume not many of you. You see, a standard retirement annuity is simply not enough to generate the income you need, for the retirement you want... ››› more
  • [04 March 2019]
  • The right Tax Free Savings Account could make your children billionaires
  • Regular readers will recall I wrote an article a few weeks ago, which claimed that investing the full Tax Free Savings Account (TFSA) allowance for your new-born child would turn him into a billionaire by the time he retired. Even after the effects of inflation, this investment would mean R200,000 per month income, in today's money. An explosive claim, I know, but one that I can back up wi... ››› more
  • [15 March 2018]
  • Don't make these three fatal mistakes with a Tax-Free Savings Account
  • Just imagine the shock I got when I read that, “59% of TFSAs have been opened at banks, and the majority of investments are in cash.” Really? Cash investments? That really worries me. Think about this… Investing in a tax-free deposit account from the major South African banks will give a return between 6%-8%. But consider that inflation is sitting at 6.1% and not going to stop th... ››› more
  • [11 July 2016]
  • If you're still paying tax on your investments you're losing out big-time!
  • Do you own unit trusts, ETFs or shares? If you do, you're paying 15% tax on all the dividends you receive. You also pay 13.33% capital gains tax once you sell any of these. In fact, if you held them for less than three years you will end up paying up to 40% in income tax on them… But you don't have to. Stop paying tax on your investments today The National Treasury introduced Tax... ››› more
  • [23 September 2015]
  • How a lazy bugger financial advisor could cost you R14,949
  • A friend of mine, Isaac, decided that in addition to investing in individual shares he also wanted to save a monthly amount into an ETF. It's a hassle free way to save for the long run with lower risk than a share picking portfolio. So Isaac contacted his bank and asked his financial advisor which ETFs would be suitable to invest a monthly sum into. His advisor actually gave him a sensible comb... ››› more
  • [01 August 2014]
  • How you can profit from any region of the world at a fraction of the cost
  • I've always been a fan of Exchange Traded Funds (ETFs). They're a low-cost way to get great returns from multiple shares with just one purchase. But now there's a new tool that's completely changed the game.   The ETF that allows you to profit from the World at a Fraction of the Cost!   It uses a similar strategy that we use in the Unconventional Millionaire which has doubled ... ››› more
  • [20 March 2014]


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