You're a Greatest Financial Teacher wena Nozipho. And thank you. Your videos are so informative and are easy to understand. I wish every South African interested in financial education can subsribe to your RU-vid channel. 🌻
Hi Nozi, Thank you for great and informative financial content as always. Can you please clarify if I open two TFSA with different banks does each account earn interest or only one of the accounts will earn interest?
Thank you so much Nozi, your ability to simplify concepts is just phenomenal. I want to open TFSA for my son for his university fees. I'm just concerned that he will not be able to make his contributions when he turns 18yrs. What is your take.
Hi there Nozi, firstly wana say brilliant work you doing, really appreciate your knowledge sharing. I have a question I am hoping you may have an answer too or some insight. So I’m wanting to save/invest ( not sure if it is the write wording ) for a down payment for a home the target amount is 200k over the next 4/5 years. Straight saving works out to R4000 a month. Now I’m thinking is there an invest or anything that is out there will assist in getting to that target amount sooner? Thank you again for your consistent good work.
For something like a house you cannot afford to invest that money in the stock market because of risk. You would rather save that money in a bank account that will pay you interest.
I plan to invest R36k once off every TFSA financial year without taking my profits until the R500000 limit that means I'll withdraw after 14 years is that a good idea?
Nozipho, so another question is if you leave the R500 000 in the TFSA and let it grow, it's possible for your TFSA to be more than R500 000 right? and so that will not be taxed?
Hi Nozipho, just a question. You said if you have two TFSA accounts and you deposit R20 000 on one of them, then on the second one you can only deposit R16 000 right? K, so does this then mean that you cannot have R500 000 on each one, it will have to be R500 000 overall for both?
Hi Thandi, when it comes to investing, we don't talk about interest. We talk about Capital growth and dividends. How much you earn depends on the performance of the investments that you choose.