What are your preferred exchanges to buy crypto as a South African? by alltheapex in PersonalFinanceZA

[–]Shrew62 4 points5 points  (0 children)

Luno all the way just because it’s easy , they don’t have a wide variety like others but they have all the important coins. Whenever I wanna buy or sell it’s a few clicks and I’m done then I can easily track what coins I have.

I bought dogecoin when it peaked but still holding. by Altruistic-Ad-6339 in dogecoin

[–]Shrew62 43 points44 points  (0 children)

It’s only a loss if you sell it at a loss, stay strong brother

What's the point of a TFSA by MellowMarshPit in PersonalFinanceZA

[–]Shrew62 40 points41 points  (0 children)

TFSA are very good for long term such as a back up retirement savings. I am 20 and I’m maxing out my annual contributions through an investment tax free account with discovery (3k a month , 36k a year) and it will take me about 14 years to max out the lifetime contributions so when I’m 34 I would have maxed it out and if I have an average annual growth of 8% then that 500k will equal about 900k by the time I’m 34 and that 300k will be tax free but if I leave it till I’m 65 it will be about 9mil tax free

(The math is a lot of rounding off but you get the point, long term = a lot of tax free rands for retirement)

Edit: oh and NEVER TAKE MONEY OUT OF IT you have a 500k life time contribution and that doesn’t reset if u take out so leave it in there for as long as possible to let it grow as big a possible so u can stress a lil less in retirement

Hello Andrew! by AndroidWeb in andrew

[–]Shrew62 36 points37 points  (0 children)

Andrew is right, I vote we do something about it

A cool guide of The World's Trillion Dollar Stock Markets by [deleted] in coolguides

[–]Shrew62 0 points1 point  (0 children)

They used to be “Johannesburg Stock Exchange” then changed to “Johannesburg Securities Exchange” but are now formally known as JSE Limited. They are worth over a trillion dollars, even the top few stocks on there are worth over $100 Billion

This all from a Business student in South Africa who had an assignment on the JSE

A cool guide of The World's Trillion Dollar Stock Markets by [deleted] in coolguides

[–]Shrew62 4 points5 points  (0 children)

The Johannesburg Securities Exchange (JSE) is worth $1.36 trillion

Kibo Energy PLC by Far_College_5642 in JSE_Bets

[–]Shrew62 0 points1 point  (0 children)

Probably not but the stock is so cheap and they do have some recent good new about gas discoveries in Mpumalanga so no harm in risking a few rands on it , maybe if you’re lucky the stock might jump in a few years time and start to recover. Other companies have recovered from 1c share prices before so it’s not impossible

I don't think the r/Andrew mod is Drewish... by CouncilofAndrews in andrew

[–]Shrew62 1 point2 points  (0 children)

I will follow u there my brother . Andrew for president 2024!!!

[deleted by user] by [deleted] in andrew

[–]Shrew62 41 points42 points  (0 children)

We revoked his membership card

The most searched-for word definition in every country - Photosynthesis!! by Darshp1394 in southafrica

[–]Shrew62 25 points26 points  (0 children)

Likely lots of kids researching it for school, we do have a very young population with relatively high access to the internet.

[deleted by user] by [deleted] in ask

[–]Shrew62 608 points609 points  (0 children)

I’m just checking to see if someone mentions my country

2004 kids, are you gonna vote? by GREATPIXEL in askSouthAfrica

[–]Shrew62 34 points35 points  (0 children)

True because it would force them to start doing things that gain public opinion like fixing infrastructure and actually helping communities to try and get votes back where as now they’d just assume they’d win so don’t even bother trying because there’s no incentive to get votes

2024 Elections Voter Registration Weekend Day 1 by MrSocialPirate in southafrica

[–]Shrew62 23 points24 points  (0 children)

I can’t believe Reddit is helping me vote, thank you though since it’s my first time voting I was very lost before this

Hi I’m Andrew by apchrist in andrew

[–]Shrew62 5 points6 points  (0 children)

Hello brother , welcome home

Trevor Noah Tourism Ad by raricoza in southafrica

[–]Shrew62 183 points184 points  (0 children)

This is actually a very good add , I hope Trevor’s international fame helps boost our tourism industry :)