In terms of what to choose in the ETFs, I find that if u pick S&P500s, MSCI Worlds, Nasdaq 100 & FTSE100 u will win. These ones grow by double digit % within a short space of time. The SA top 40 does grow but at a snails pace.
WOW, from 36k to 2.9M 😄 that is the most interesting thing I have ever heard. I will consider that one Thank you Mapalo. You are a star. Considering this with Allan Gray
Thank you for the awesome video. So, are you saying on that last part here 17:50 , that you can only open one tax-free saving account so that your life-time limit is not impacted vs having multiple tax-free savings accounts?
@@Lucky23Gal yes you can. contact the asset manager with which you'd like to transfer to, open a tfsa with them and let them know that there is one you'd like to transfer from the bank and they'll assist you with forms
In terms of what to choose in the ETFs, I find that if u pick S&P500s, MSCI Worlds, Nasdaq 100 & FTSE100 u will win. These ones grow by double digit % within a short space of time. The SA top 40 does grow but at a snails pace.
Very insightful, thank you ❤
This is super helpfull, in my third year of my TFSA❤
Thanks Mapalo 👏
I have one, opened it 2 years ago.
WOW, from 36k to 2.9M 😄 that is the most interesting thing I have ever heard. I will consider that one Thank you Mapalo. You are a star. Considering this with Allan Gray
Thank you for your time and for this insightful video. Very informative ❤
This was extremely informative- Tysm
Thank you for the awesome video. So, are you saying on that last part here 17:50 , that you can only open one tax-free saving account so that your life-time limit is not impacted vs having multiple tax-free savings accounts?
Love this
🥰
Can I transfer my tax free to a different entity. I have with a bank and think I need to open with likes of coronation
@@Lucky23Gal yes you can. contact the asset manager with which you'd like to transfer to, open a tfsa with them and let them know that there is one you'd like to transfer from the bank and they'll assist you with forms
Hello Mapalo. I have a tax free account with stash liberty and I wanted to know if a wise move
Thanks for the information! Can one have more than 1 TFSA under one’s name?
Yes you may, as long as you keep track of them all to make sure the total contribution doesn't exceed R 36K/pa.
One thing about Mapalo, she will plug you! From there, it's your choice😅
Hi,can I open a tax free account with one of the big banks?
Yes the all have TFSA's
Hey, Nna am saving R5000 per month does that means am doing it wrong😮?
yep! it must be up to R3K per month, anything above that will be taxed at 40%!!!!!
You are doing right Until you reach 36k for the year. You can even invest lumpsum of 36k once a year
In tax free account? For 12 months? You doing it wrong.
First!😅💯