BEST WAY INVEST WITH A TAX FREE SAVINGS ACCOUNT (TFSA) IN SOUTH AFRICA

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  • Опубліковано 30 вер 2024
  • In this video, I share my personal way in which you can best use your TAX-FREE SAVINGS ACCOUNT.

КОМЕНТАРІ • 33

  • @MoneyMarx
    @MoneyMarx 3 роки тому +5

    Lekker Ivyn! Great insights and love the energy! Which ETFs and in what percentages are in your TFSA?

  • @iamleratomaluleka
    @iamleratomaluleka 3 роки тому +3

    Ivyn why do you discourage opening a TFSA if one cannot max it out? Are you suggesting that the people that earn R36,000 per year and can only contribute R3000 per year to their TFSA, should not open it? Wouldn't you say investing R3,000/year for 12 years is likely better than waiting 12 years to invest the first R36,000? If there's something I am not understanding please help me understand...

    • @IvynSambo
      @IvynSambo  3 роки тому +1

      If you are going to invest R3000 per year why use TFSA as for that amount you are already exempted from paying tax

    • @iamleratomaluleka
      @iamleratomaluleka 3 роки тому +1

      @@IvynSambo I don’t follow

    • @IvynSambo
      @IvynSambo  3 роки тому

      Maybe you misunderstood.
      Per year you are allowed to invest R36 000 on your tax free savings account. In my video I am saying if you are going to invest only R3K per year (it is an example) better not use your TFSA as for such an amount your are excluded from pay that much tax.

    • @iamleratomaluleka
      @iamleratomaluleka 3 роки тому

      @@IvynSambo I’m still confused but thanks for trying to explain 🙏🏾

    • @IvynSambo
      @IvynSambo  3 роки тому +1

      You can jump into my DM and we can have a call about this

  • @vuyiswasibisi3164
    @vuyiswasibisi3164 2 роки тому

    Hi Ivyn...wavele wang dida where you say "ensure you can utilize that R36000 per year before opening a TFSA..."
    Uhm,when you say you think it's pointless to invest anything below that....does that mean I won't see growth? Please explain what you meant towards the end of the video.

  • @zanelenxumalo5057
    @zanelenxumalo5057 3 роки тому +1

    Great my son. Question from yr mom is the R36 000 only capital without interest or including interest

  • @DIYYolande
    @DIYYolande 3 роки тому

    😂😂😂 why didnot you get the percentage vele😂😂! You are hilarious

  • @jacksimi
    @jacksimi 2 роки тому

    I have a hard time understanding what you're saying

  • @Henkepenk
    @Henkepenk 3 роки тому

    How can someone from SA under 18 invest?

  • @happiLebo
    @happiLebo 3 роки тому +1

    Thank you for this!

    • @IvynSambo
      @IvynSambo  3 роки тому

      🙏🏽🙏🏽🙏🏽🙏🏽

  • @pholisagxumisa2205
    @pholisagxumisa2205 3 роки тому +1

    Great video Ivyn.

    • @IvynSambo
      @IvynSambo  3 роки тому

      Thank you so much Pholisa 😊

  • @nelisiwesishange1084
    @nelisiwesishange1084 3 роки тому +1

    Can you use TFS acc as a emergency fund

    • @IvynSambo
      @IvynSambo  3 роки тому

      Nooo.. Never do that

    • @nelisiwesishange1084
      @nelisiwesishange1084 3 роки тому

      Alright then where can you open an emergency account where you can not have access to it..

  • @DIYYolande
    @DIYYolande 3 роки тому

    Road to 10k💃🏾😃