Thanks for watching, guys. Just to clarify one thing. EE do charge an annual unit trust platform fee on its Unit Trusts of 0.25%. If you want to invest in Unit trusts and pay the lowest fee, then the Sygnia Unit Trusts on the Sygnia Platform can be used. Although, if you want to buy any other unit trusts from them, you will pay a 0.4% platform fee. I still prefer EE, as they have a wider arrange of options available, and 0.25% is still much lower than most other platforms. :)

Is it just me or is anyone else shocked that the detailed information in his videos is free?! This is a first for us South Africans on KZread!

@MoneyMarx

2 жыл бұрын

Of course 😀. My hope is that my viewers will also one day pass it forward to others so that we can build a strong community of Financial Literate S'africans 💪

@Jays_Highway

Жыл бұрын

Awesome isnt it?! Need all the SAVY savings and investment techniques available as the money system has become so complex and all adults need this knowledge.

@jennebeattie3168

4 ай бұрын

My Dad was BRILLIANT!!! But he relayed so little of this information. I'm here for it!!! THANK YOU 🙏🏻. I knew none of this but certainly had questions leading on from more recent videos. Watching this video on 6 March 2024 😃

I need to fire my Financial Advisor. Half of what I’ve just learnt on this channel, he’s never advised.

Finally good financial for South Africa. The hero that I didn't know I needed, thanks for save.

How am I only finding this channel now😢 Being an honours in Accounting student I have never thought about things the way you explained in this video, I have learnt so much. 🙏

@MoneyMarx

Жыл бұрын

That's awesome to hear! Welcome to the family 😀

It's refreshing to see a South African channel with such useful & informative content. Keep on doing what you're doing, meneer

@MoneyMarx

Жыл бұрын

Thank you Roneil, I really appreciate that!

Great video man! I never considered the 15% foreign tax not being saved in a TFSA!

Great video Marx. Love die SA tax en investement advies.

Because of the economic crisis and the rate of unemployment now is the best time to invest and make money

@morenofargo4896

2 жыл бұрын

Expert Austin Richard has been managing my trade for months and I keep making profits every week , made $9,130 last week

Hey man love your videos

Great video! Thanks for sharing this information. The comments are also helpful in navigating this environment!

@MoneyMarx

Жыл бұрын

You're welcome Athena! Jah the KZread community is awesome and always share great ideas and information, so it is a great idea to read them as an additional source of info :)

These video's are helping me so much. Can you please do a video on how to do investments and saving for your children and their future. Thank you !

Thanks for the info!

@MoneyMarx

Жыл бұрын

You're most welcome Jeremy! :)

Lekker video f2❤

Easy Equities this young man deserves a good bit of sponsorship from you, komaan man! Well done for a magnificent effort at educating the public Pieter!

@MoneyMarx

Жыл бұрын

Thanks Vee! I really appreciate that! I really enjoy the EE platform and believe they are doing an excellent job, so I would promote them regardless if I get anything in return. But jah I won't mind a sponsorship deal or two from their side haha!

LEKKER video Pieter! I am doing a portfolio walk through of the MoneyMetEish TFSA this week and reference this video for everybody who needs a recap or introduction to what a TFSA is. I really loved how you went into detail to breakdown each possible asset class. Great Job!

@MoneyMarx

2 жыл бұрын

Thanks Jarred! I am excited to see what you guys are invested in! It is always fun to see everyone's approach, as in the end, we can all learn from each other. I am kind of obsessed with numbers, so I always try to find the most optimal way to approach something, and TFSA provides so much meat to do that, so I am glad other's can also appreciate the beauty in optimizing their investments. :)

Great video Pieter! Just to point out Easy Equities charges an annual unit trust platform fee of 0.25% on unit trusts. This can be avoided by opening a TFSA directly with Sygnia (as an example) who do not charge a platform fee on their unit trusts (they do however charge a 0.4% platform fee on external unit trusts). Sadly, Sygnia charges a 0.2% fee on their ETF’s and 0.4% on external ETF’s. The Sygnia fees are on the first R2m of your investment. So it seems to me, if you want both unit trusts and ETF’s you need to have more than one TFSA, one for unit trusts (at say Sygnia) and one for ETF’s (at say Easy Equities).

@MoneyMarx

2 жыл бұрын

Hey Hanno. Thanks for pointing that out! I forgot about the Unit Trust fee, as I only buy ETFs with EE. But jah, it is important to know that. I will pin a comment to the top where I will just clarify this. Thanks again. :)

Thank you for the video. This helps a lot. What is the difference between the CoreShare Total World and Sygnia Global Prop?

Std Bank TFS ETFs are pretty good.

Thanks for the super helpful video, I can't seem to see the link you suggest at the end for deciding on a lump sum investment versus a phased in investment, can you share that link?

You ROCK 😎👌🏻

Studying towards a CA(SA) designation . Enjoyed the video practically using things ive learnt. Well done .

@MoneyMarx

Жыл бұрын

Thanks man! I'm glad you found it helpful :)

Great video weer Pieter, dankie vir jou research en straightforward verduideliking. Bly om te sien jou subscribers is aan die op.

@whatsappme5746

2 жыл бұрын

⬆️Thanks for watching don't forget to dm for more profitable information.

@MoneyMarx

2 жыл бұрын

Dankie vir al die ondersteuning PJH! Waardeer dit om jou comment elke keer te sien :)

I have a tax savings account with Standard Bank. Now I want to open a tax savings account with easy equities, what happens to my tax savings account with Standard Bank and how do we open an account as a tax savings accounts with easy equities?

Excellent Video Pieter! I wish I this vid was around when I was researching TFSA's. Now to wait until my fixed deposit expires and then transfer my portfolio and dabble in some ETFs. Would be interesting to hear your opinion on Satrix top 40, Satrix Inclusion and Diversity and lastly Satrix Momentum ETFs

@MoneyMarx

2 жыл бұрын

Hey Yuuto. No worries, you can always just start buying ETFs now inside a TFSA and then later on transfer your fixed deposit TFSA over. Just remember, you must contact the provider to whom you want to transfer it so that they can send you the proper paperwork. Do not withdraw your money and then redeposit it. That will count as a new contribution which will likely exceed the limit and thus you may get klapped on 40% tax on the excess.

Is EE still the best platform to hold your tfsa in, after the new charges were implemented?

Thank you

@MoneyMarx

2 жыл бұрын

It's only a pleasure Nompilo :)

Awesome, but at which point does normal interest on cash become more beneficial compared to a Tax-free savings, from a tax perspective. Please include the impact on minors as well.

i wish i got this advice sooner I have been putting my tfsa in fnb for 7 years

@MoneyMarx

Жыл бұрын

The important thing is that you started 7 years ago! Luckily you are able to transfer it tax free to another platform like EE to invest in share/property ETFs. Just remember to ask EE to handle the process and not to cash out your TFSA with FNB and then redeposit the funds, otherwise it will be seen as a withdrawal which will massively penalize you due to the contribution limits

Soos ek altyd se, briljante video alweer Pieter. Dis altyd lekker om in die aand na n lang dag te sit en jou videos te kyk. Hulle is ook goed nagevors en help baie. Een van die beste finance channels in SA wat ek sover gesien het ( Jy mag dalk die beste wees). Thanks

@whatsappme5746

2 жыл бұрын

⬆️Thanks for watching don't forget to dm for more profitable information.

@MoneyMarx

2 жыл бұрын

Haha baie dankie Patrick! Ek waardeer al jou ondersteuning en dis altyd lekker om jou comments te lees. Ek is bly die videos bring darem nog waarde. Daar is so baie om nog te maak, maar ek geniet dit baie so jy behoort darem my gesig vir nog lank te sien haha!

Hi Pieter, My wife and I recently registered accounts with EE and both have invested our money through EE TFSA. I have a concern though, What happens to our money/ how can we get our money back if EE platform closes or comes to a halt....is no more for some reason? What security or recourse do we have??

This was a video I was looking for brilliant brilliant video, I now need a video on SARS and how to add your shares you bought on easy Equities in your ZAR account and USD account please. And how this will impact your SARS tax bracket.

@whatsappme5746

2 жыл бұрын

⬆️Thanks for watching don't forget to dm for more profitable information.

@MoneyMarx

2 жыл бұрын

Thanks, I really appreciate it! I made tutorials on both the EE ZAR & EE USD accounts that you can check out, where I explain exactly how you can buy shares in both accounts. Buying shares in your ZAR and USD account won't affect your income tax bracket. Only when investing in a RA (Retirement annuity) will the contributions lower your tax liability and, in effect, push you in a lower tax bracket.

i can believe i just watched and Easy Equity advert for 20 mins.... informative though

@MoneyMarx

Жыл бұрын

I'm not sponsored by EE, I'M just giving my opinion on which platform fits my criteria the most, and I believe EE is doing an excellent job at democratising investing in SA

Namibia is in the building.

@MoneyMarx

2 жыл бұрын

Lekker! 💪

18.52min Go check out this video points your finger to an empty space, did you mean to put a clickable link there to a video?

The Dawson's Creek music 🎵 is hilarious and gives away your age 🤣

@MoneyMarx

Жыл бұрын

Haha I'm glad there's one person who caught that joke 😅

Im confused. So, this is not tax-free then?

If you have used up your interest exemption in your own name then investing in taxable income producing etf like property or bond ETF’s then you are getting greater tax benefit than offshore or local growth equity. And better to invest in offshore ETF’s in USDollars than in rand ETFs locally. Your judgement that SA bonds are poor investments is dangerous right now when long bonds give you guaranteed returns over 11%

Hi there could you please make a video on how to be smart when taking out a student loan?🤝🏼

@MoneyMarx

2 жыл бұрын

Hey Luke. I am planning on making a series of videos on loans and credit, so stay tuned for that in the future. :)

@LukeJayden

2 жыл бұрын

@@MoneyMarx thanks bru I'll be waiting. I urgently need the advice and knowledge

Hi Money Marx, thanks for the helpful video. I have had a Tax free account for a few years now (with a bank) and last year I transferred that account from the bank to Satrix. When I did my tax return this year, SARS issued a significant penalty because of this. My question to you is, are you allowed to move your tax-free account between providers and if so, how do you do it without getting a penalty?

@MoneyMarx

Жыл бұрын

Hey Liav. I'm sorry to hear that! Yes you can transfer a TFSA from one provider to another, tax free, but you will have to contact the new provider to facilitate the process. You must not withdraw your TFSA as cash from your bank and then deposit it into the account from the new provider, as this will count as a new contribution, and if this amount is more than R 36k you will be klapped with a 40% tax penalty on the excess. I assume this is what happened? It is a really stupid rule from SARS, and in my opinion, unnecessary as many people are not aware of it. :(

Great video! In general, the rand denominated offshore ETFs, are they considered offshore Investments? Meaning you need to pay the IRS their % of tax. Or is it considered a local ETF?

@MoneyMarx

2 жыл бұрын

Hey AW. Thanks, man. So what happens is you buy the ETF in rands, the ETF provider converts your rands to USD, and then buys the equivalent value of shares in the offshore currency. When you then one day sell your ETF shares, it is first sold in USD, during which the IRS will take their cut in taxes. The USD balance is then converted back to rands and paid out in your bank account. With DWT, these taxes are already subtracted before it hits your pocket, so you don't have to pay them again. But with interest and CGT, you will need to declare your profits to SARS during your tax filing and then pay tax on them. I will highly recommend getting a professional tax practitioner to file your taxes, especially with offshore investments, as sometimes the offshore country will tax the full amount of taxes. Then these need to be claimed back as tax credits from SARS in SA. But all of this will be reflected in your annual investment tax statements, so a tax expert will know how to do this correctly.

@aw5453

2 жыл бұрын

@@MoneyMarx I see. But if I buy the rand denominated off shore ETF in my TFSA, then I dont need to worry about taxes to IRS or anything like that?

@MoneyMarx

2 жыл бұрын

@@aw5453 No you won't have to pay any taxes to the IRS yourself. They will take their cut before the money hits your pocket and your investment platform will handle all of this on your behalf and will reflect it in your annual tax statement which you then need to submit to SARS during your annual tax filing.

What about the Nedgroup core diversified and accelerated fund. Split between the two, 80%diversified and 20%accelerated? I was one of the people who put my tax free with a bank in cash, now have decided to switch to Nedgroup? Nedgroup is cheap as well, I am not one to switch and change old school, and retired?

@MoneyMarx

2 жыл бұрын

Hey Patricia. The great thing about personal finance is that it is personal. Everyone will and should have their own approach based on their own circumstances. There is no right or wrong, as long as you understand the most important aspects of investing, i.e. that asset allocation, fees and tax savings are really important to optimize your long term returns. If you take these into consideration and you apply them to your investment strategy, then any blend that makes sense for you would be perfect. :)

@patriciaharper9754

2 жыл бұрын

@@MoneyMarx what's your opinion on the Nedgroup core funds. Do you have any videos where you discuss them. They seem popular with RA's?

Het jy die video geneem by jou ouma se huis in springs? lol grappie net

When it come to using easy equities app. Does the app automatically pay the taxes for you? OR must we submit statements to SARS.

@MoneyMarx

Жыл бұрын

Hey Sicelo. EE will provide you with Tax Statements on your investments that you need to submit to SARS during your Tax Return every year.

Your videos are insanely helpful! Just started my RA, you videos taught me a lot. May I ask, once you have maxed out your TFSA and have put R500k into it (over 13.8 years or whatever) is the interest it earns thereafter still tax free?

@tswelopeleseleka9641

Жыл бұрын

Yes

@joeniemand9047

Жыл бұрын

you can see what SARS says about it www.sars.gov.za/types-of-tax/personal-income-tax/tax-free-investments/ "You don’t have to pay income tax, dividends tax or capital gains tax on the returns from these investments." 2023/07/10 "Example: if a person invested R36 000 for the 2021 year of assessment and the return on investment is interest of R5 000, which is capitalised, the total amount in the account will be R41 000. The interest amount of R5000 is not regarded as a contribution." 2023/07/10

Ek dink jy moet vir mense soos myself n finance for dummies video maak. Ek voel verlore met al die groot woorde. Ek het n TFSA by FNB waarin ek sit wat ek kan, want ek sal definitief nie by R3000 n maand uit kom nie. My vraag is.... Vir ons wat veel minder het om weg te sit, moet ek aanhou by fnb my geld spaar of doen ek die verkeerde ding

@MoneyMarx

Жыл бұрын

Hey Angelique. Mens gaan altyd maar verlore voel in die begin aangesien skool ons nooit die goed geleer het nie, maar hoe meer tyd jy gaan spandeer om videos te kyk en op te lees, hoe meer gaan jy die goed begin leer en verstaan. Van my eerste videos op die kanaal is waar ek die konsepte in hul eenvoudigste vorm verduidelik, so daai sal 'n goeie plek wees om te begin kyk :)

Dankie Pieter. Sit nou al 2 weke lank met hierdie besluit en dit wat jy se maak baie sense. 👍🏻. Wou jou opinie vrae, my Provident fonds is meestilik in Sa fondse invest hence dit maak sense dat ek my TFSA oorsee druk maar met die inflasie wat nou gesien word in Amerika, is baie van die ETF’s daai kan op ‘n decline. Ek sit met my R36k lump sum geld reg maar voel dis dalk slegte timing om dit als nou in te druk as die mark so volatile is wat seker nog vir ‘n ruk van die jaar die geval gaan wees. Sal jy se dat ek eerder kyk na R3000 investments op die stadium? Ek sal ook baie graag ‘n video wil sien oor ‘n comparison tussen unit trusts (allan gray en coronation se growth potential ens) vs. ETF’s. Het hard en lank gekyk na Coronation se Balanced Plus en equity planne ma administrasie kostes is hoog. (Is dit die mooite werd?) Geniet baie jou channel, een van die bestes in SA by ver 💪🏻

@MoneyMarx

2 жыл бұрын

Hey Ryan. Eks bly die video het jou bieq gehelp met jou besluite :). Jah kyk n TFSA moet altyd deel maak van mens se totale beleggings startegie, so as jy reeds n Providend fund het wat deur Regulation 28 beperk word tot SA fondse, dan kan jy die TFSA hard stoot in oorsese markte. Amerika is tans mal jah. Maar dis maar net n korreksie. Hul was vir baie lank op n sterk bull run en meeste van die grootste companies was heeltemal overvalued. So al het hul markte nou geval, en gaan dalk nog val, is dit n baie goeie tyd om te koop. Dis basies onmoontlik om die markte te time, en met n TFSA kyk jy na dekades se beleggings, so of jy nou n maand of 2 uit is gaan nie saak maak oor die grand scheme of things nie. Die rand is ook huidiglik baie sterk teen die dollar, en as die rand verswak is dit goed vir i rand denominated offshore ETF in n TFSA, so dit is nog n rede dat dit nou n goeie tyd is om te koop. Ek gaan volgende week Donderdag n video uitbring waar ek die lump sum vs rand cost averaging strategie met mekaar gaan vergelyk, spesifiek binne n TFSA, so hopenlik sal dit jou ook help met hou besluit. 💪

@ryansmithkzn

2 жыл бұрын

Baie dankie. Waardeer die terugvoer

@ryansmithkzn

2 жыл бұрын

hi Pieter, het jy planne om 'n video te maak van 'n vergelyking tussen Unit Trust growth vs. ETF's? Jy het so genoem in een van jou videos.

@ryansmithkzn

2 жыл бұрын

As mens nog 'n 'newbie' is in die investing wereld, is dit veiliger vir so iemand om eerder in die begin te bele via 'n fund manager soos Coronation as om via EE ETF te probeer koop en self te probeer bestuur?

@MoneyMarx

2 жыл бұрын

@@ryansmithkzn Hey Ryan. Ek het 'n video gemaak waar ek Unit trusts, ETFs en Index funds vergelyk wat jou dalk sal kan help?

Hi, what is your feeling about ETFSA??

@MoneyMarx

Жыл бұрын

Hey Wentworth. I havent tried them out yet, but from what I know they are a bit more expensive than EasyEquities, so I prefer using EE at this stahe

I created an easy equities account as a result of watching your videos and I only saw your R50 link afterwards. I assume it's too late to use it now?

@whatsappme5746

2 жыл бұрын

👆Send me a direct message pls.

@MoneyMarx

2 жыл бұрын

Hey CB. Congrats on opening your EE account! First step to financial success ;). Jah unfortunately if you already opened the account without an affiliate link you can't use it again.

@CB-vw1je

2 жыл бұрын

@@MoneyMarx The TER for coreshares S&P500 is 0.38%. The TER for Sygnia S&P500 is 0.19%. Why would one choose coreshares over sygnia if coreshares TER is double?

@MoneyMarx

2 жыл бұрын

@@CB-vw1je The ETF I refer to in this video is the Coreshares Total World, not the Coreshares S&P500. It tracks 99% of the worlds economy vs the S&P that only tracks about 56%

@CB-vw1je

2 жыл бұрын

@@MoneyMarx Sorry I wasn't referring to your video. I was just asking in general if both of these ETF ' s are available on your platform then why would one even consider the more expensive one (fee % wise)?

Hi, I'm not following I need more clarity on how all this works

@MoneyMarx

Жыл бұрын

Hey Munene. I have a playlist on TFSAs on my channel that explains everything you need to know about them :)

@munenendhlovu370

Жыл бұрын

@@MoneyMarx how do I access the Chanel

@HoneyBeeBee

5 ай бұрын

​@munenendhlovu370 wow! 🤦‍♀️

7:13 😂👌

Meanwhile, Dogecoin is up 131% over last year😂

Polly wants a biscuit

@MoneyMarx

Жыл бұрын

Naughty parrot that one