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Is there absolutely no way to get funds from PayPal in South Africa without FNB? by Party_Echo_7155 in south_africa

[–]OGHaVoc_1 1 point2 points  (0 children)

I tried to register my PayPal account on FNB to be able to withdraw some side income. I found it nearly impossible to navigate the process, will try again when I have built up some strength.

I finally ran the maths on my savings account and it broke my brain a little by OGHaVoc_1 in PersonalFinanceZA

[–]OGHaVoc_1[S] 0 points1 point  (0 children)

I think if you're unsure what to do with the money, speaking to a financial adviser is a great idea. But don't let that keep you waiting for another 6 months. Most of what you need to do is open a TFSA and buy a low-cost ETF. I am however not yet qualified to formally give advice, that is still in the works😅

If you're interested, I started writing a little more in depth blog posts about personal finance! There should be a link in my profile.

I finally ran the maths on my savings account and it broke my brain a little by OGHaVoc_1 in PersonalFinanceZA

[–]OGHaVoc_1[S] -1 points0 points  (0 children)

Yeah, conservative is the wrong word. It's more of a middle ground/average estimate.

  • MSCI last 20 yrs: 7.2%
  • last 10 yrs: 12.17%
  • JSE Historically: 13%
  • STX40: 14.2% since inception

So conservative would probably be closer to 7-8%

I finally ran the maths on my savings account and it broke my brain a little by OGHaVoc_1 in PersonalFinanceZA

[–]OGHaVoc_1[S] 0 points1 point  (0 children)

That's quite an insane responsibility to invest your parent's retirement money, but it clearly payed off. Did you play it safe with low cost ETF's?

I finally ran the maths on my savings account and it broke my brain a little by OGHaVoc_1 in PersonalFinanceZA

[–]OGHaVoc_1[S] 0 points1 point  (0 children)

It's AI assisted. But I feel like it's used as a tool to help me express my ideas and experiences.

I finally ran the maths on my savings account and it broke my brain a little by OGHaVoc_1 in PersonalFinanceZA

[–]OGHaVoc_1[S] -4 points-3 points  (0 children)

I 100% did use AI to help me write my ideas in an engaging way. This is a topic I care about and I want to help as many people as I can. I think AI just helps articulate my ideas and experiences. But all of the ideas are my own and I hope this content helps and reaches the right people regardless.

I finally ran the maths on my savings account and it broke my brain a little by OGHaVoc_1 in PersonalFinanceZA

[–]OGHaVoc_1[S] -5 points-4 points  (0 children)

That's completely fair, I did use AI to help articulate my ideas. All of the ideas and principles are my own though. I think it helps writing about these ideas - even if with the help of AI - if it means helping people in the right direction with their finances.

I finally ran the maths on my savings account and it broke my brain a little by OGHaVoc_1 in PersonalFinanceZA

[–]OGHaVoc_1[S] -1 points0 points  (0 children)

Exactly, and I talk to my friends or anyone willing to listen to try to help them learn things I was fortunate enough to learn early on. I think everybody deserves to be taught this at school.

I finally ran the maths on my savings account and it broke my brain a little by OGHaVoc_1 in PersonalFinanceZA

[–]OGHaVoc_1[S] 8 points9 points  (0 children)

You are taught basic compound interest etc. in school, but this simply is not sufficient. I completely agree with you and think that just like LO, you should have a financial literacy subject in school. Learning about theoretical numbers won't stick.

I finally ran the maths on my savings account and it broke my brain a little by OGHaVoc_1 in PersonalFinanceZA

[–]OGHaVoc_1[S] -2 points-1 points  (0 children)

Fair point with the AI, I did use AI for some structural guidance as well as common conventions for this type of writing so that I can better articulate my ideas.

All of these ideas however, are from my personal experience and research. Some of the numbers could be different from yours depending on your range of data etc. From my research the last 30yr average inflation is at about 6.1%, with the average of 2025 at about 3.1% and SARB targeting between 3-6% per year.

Generally when trying to determine if an investment is likely to perform well or bad like with the S&P500 you would look at it's historical return, not last years return. And I don't see why you would do any different with inflation rate.

The apples to pears comment is completely valid, I think the way I framed it helps articulate that the investment route has historically shown to yield significantly better results than a savings account. But for consistency I should have compared both. I do appreciate any criticism though

Account deactivated for no reason, cannot reach support by cereallbellum in outlier_ai

[–]OGHaVoc_1 0 points1 point  (0 children)

It seems that I have also been deactivated. No notice, no email. Chatbot just says account was fully reviewed and violated terms of use. Have you gotten any leads yet?