Search results

@dayna 5-year Fixed deposit will be my choice. Interest rates are nice and high now, certainty in uncertain times. I've seen Standard Bank offer around 12% to 13% p.a simple interest, which equate to around 10.4% compounded. But do your own calcs, stretching my memory here.

@dayna You have to be a more specific with regards to how long you want to invest the money. Is this emergency funds re can't take too much risk with it? I'll be looking at fixed deposits (you choose your term) at a reputable bank if your TFSA is maxed out. RA's have their pro's & cons

@esplendia7 They are always downvoting but never provide an actual reason why....So no, I hope they buy it when Bitcoin is "unaffordable"

@renaissance Halving is in April - the next bull run just started, if you don't get in soon you'll miss the run. It's been down from the past cycle. Waited 2 years for this run. TBH all you'll hear on this sub is Bitcoin is cancer - Well I've bought my first Bitcoin(s) in 2017 and oh boy were...

@schong People have been saying the same thing for the past two years. When I said to buy Bitcoin at R300k people said "PLEASE don't do that" - It's always the same, there's apparently never a good time to buy Bitcoin. At the end...all people will buy bitcoin (once they understand it) at the...

@jacob1122 Do you know how a Google search works or are you narrow minded? The fact that OP is on a reddit clearly shows he has competence to search for information on the web. How about you search what you said above and come back if you really struggle to get all the information - then I'll...

@jacob1122 You don't come on reddit for financial advice you idiot. It took longer to type that whole segment question than a quick google search. A wide variety answers from registered FSP (AG, Coronation, all banks...)?? They will all give you the SAME CORRECT information. But you rather...

@mjt1k987 If you spent 5 mins searching how a TFSA works you would've gotten all your answers. People have become so lazy to search things on their own, everything must be spoon fed.

@mjt1k987 Tax.....free....saving.....??

@shelly48 Sorry, I was on the on the more humorous side of it. There are "jobs" in jail, but they have their own currency in there (not talking out of experience). I'll add to other people's advice - sell your time for as much as possible and try to get promoted as soon as possible.

@shelly48 There's always a few jobs in jail!

@mightyrose "Adviser" - they are all clueless.

@janehenry Could be that the R40k wasn't a "down payment" but added as a flexible amount that can be drawn in the future (access bond). Access bond payments don't decrease your installments but only reduce the interest portion of repayments. Also haven't checked recently but could be interest...