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...
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.
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.
Lekker Ivyn! Great insights and love the energy! Which ETFs and in what percentages are in your TFSA?
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...
If you are going to invest R3000 per year why use TFSA as for that amount you are already exempted from paying tax
@@IvynSambo I don’t follow
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.
@@IvynSambo I’m still confused but thanks for trying to explain 🙏🏾
You can jump into my DM and we can have a call about this
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.
Great my son. Question from yr mom is the R36 000 only capital without interest or including interest
Without the interest
😂😂😂 why didnot you get the percentage vele😂😂! You are hilarious
I have a hard time understanding what you're saying
How can someone from SA under 18 invest?
Thank you for this!
🙏🏽🙏🏽🙏🏽🙏🏽
Great video Ivyn.
Thank you so much Pholisa 😊
Can you use TFS acc as a emergency fund
Nooo.. Never do that
Alright then where can you open an emergency account where you can not have access to it..
Road to 10k💃🏾😃