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Noob investment advice

Qui_Illustrati said:
Why to I get long con vibes from this? I can't seem to find who they're backed by or their origin story or where or how your money is put to work. Admittedly, I might be missing the obvious and didn't take the time to explore properly. As an investor though, you must have done your due diligence and something convinced you this isn't a long con. Perhaps care to share what that is?

Seems like a mom and pop shop (dad and son) and that's never comforting :unsure:
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Yeah anything above 10% starts raising flags. Sure the SPY index can return yields way above that sometimes, but anyone promising 10% and above just raises a lot of flags for me.

Im not a financial expert nor do I claim to be one. But I have heard a lot of horror stories so I always have a guard up against people promising high returns.

Not offering any advice here as im not a financial advisor
 
Dom said:
I have got knowledge from @milkshakes - family of a work colleague who have a long run history of investing.

The due diligence was done - I do recall it is secured.
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I was thinking whether to open my big mouth (and then put my foot in it :p)

The way I see it, it's a classic peer-to-peer landing.
The company providing the service may have the best intention, let's give them benefit of the doubt - it's too early to judge.
They are a licensed financial services provider, have the FSCA license number, it all checks out - so well done on that.

Now the product... your money is basically lent to a Joe Soap who probably cannot get credit from the bank for whatever reason. The loan is unsecured - don't see any mention of collateral of any sort. If Joe Soap doesn't pay, the company says (Investors FAQ's | FunderJet, scroll down to "Default") "every attempt will be made to recover the funds".

This last bit sounds alarmingly scary to me...
 
mradovan said:
I was thinking whether to open my big mouth (and then put my foot in it :p)

The way I see it, it's a classic peer-to-peer landing.
The company providing the service may have the best intention, let's give them benefit of the doubt - it's too early to judge.
They are a licensed financial services provider, have the FSCA license number, it all checks out - so well done on that.

Now the product... your money is basically lent to a Joe Soap who probably cannot get credit from the bank for whatever reason. The loan is unsecured - don't see any mention of collateral of any sort. If Joe Soap doesn't pay, the company says (Investors FAQ's | FunderJet, scroll down to "Default") "every attempt will be made to recover the funds".

This last bit sounds alarmingly scary to me...
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From what I recall - it is micro-lending & is secured by salaries.

Don't know why they haven't put this on the website.
 
Dom said:
From what I recall - it is micro-lending & is secured by salaries.

Don't know why they haven't put this on the website.
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Sure, but isn't that's exactly what tanked the old African Bank back in the days?
And I doubt these guys have the same sort of muscle when it comes to recovery...
 
Was in the same boat a while ago...well still am....got a couple hundred K in a cash investment at 8.5% but been looking at teaching myself FX trading through HFM......reading suggestions here too.
 
mradovan said:
Sure, but isn't that's exactly what tanked the old African Bank back in the days?
And I doubt these guys have the same sort of muscle when it comes to recovery...
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Yup, this is how I had it as well, too many clients were failing to repay their payday loans IIRC. Mixed in with poor governance.

I think there are other financial institutions in SA that have also got into hot water as a result of payday loans.
 
mradovan said:
The point I'm trying to make is that it feels like a high risk investment.
Your capital essentially hinges on a random dude's ability to keep his job for 2 years.
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I hear you.

My (literal twin) brother @milkshakes did all the diligence + safeguard checking & I am fine with the risk as a result.
 
mradovan said:
Sure, but isn't that's exactly what tanked the old African Bank back in the days?
And I doubt these guys have the same sort of muscle when it comes to recovery...
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Jip

Some quick over the counter micro lending business without any security.

No thanx, might work out a while , but when it tanks, it tanks hard. Or it is just a pyramid scheme in disguise.

Also, what margins must a small business make, in order to be able to service the debt at these rates. Doomed from the start, in an environment with increasing costs, power problems, etc.
 
Reading through here trying to learn but haven't learned jack ..

But here's my experience ( not advice )

IN 2021 I read somewhere about two local funds that did spectacular one over 120% and the other just shy of 100 or something.

I took my bloody time but bought in with Prescient( 2nd best performing one ) in Aug last year , put 5k down and setup a debit order. Added 20k in March and another 32k just now

Maybe I'm just to dumb to understand the math but according to reporting I'm up 52%

According to how I calculate ( I might be wrong ) I'm up 26% , still its spectacular

I've got about 40% of my portfolio there , 50% with Allan gray ( spread widely TFSA , offshore , RA and unit trust ) and 10% with Easy equities ( pulling this out as the returns have been horrible , just waiting for stuff t break even then i pull it out and ad to one of the first two

I also have a "oh shit fund " that is 24hrs notice thorough my bank that gets like 6%( P/a) paid out monthly , but that's not really investment that's to have a cushion in place. Gona build up to 3 months salary then i'll just take out quarterly the growth and ad to the first two

Like I said ....I'm a moron( 26 y old) that wishes I started doing this earlier , I'm living as below my means as possible to try and make sure I'll never have to deal with crippling debt when I would like to retire

Thanks' for coming to my TED talk...

Please bounce ideas , experiences and whatever else. I want to keep learning
 
Frana.mtb said:
Reading through here trying to learn but haven't learned jack ..

But here's my experience ( not advice )

IN 2021 I read somewhere about two local funds that did spectacular one over 120% and the other just shy of 100 or something.

I took my bloody time but bought in with Prescient( 2nd best performing one ) in Aug last year , put 5k down and setup a debit order. Added 20k in March and another 32k just now

Maybe I'm just to dumb to understand the math but according to reporting I'm up 52%

According to how I calculate ( I might be wrong ) I'm up 26% , still its spectacular

I've got about 40% of my portfolio there , 50% with Allan gray ( spread widely TFSA , offshore , RA and unit trust ) and 10% with Easy equities ( pulling this out as the returns have been horrible , just waiting for stuff t break even then i pull it out and ad to one of the first two

I also have a "oh shit fund " that is 24hrs notice thorough my bank that gets like 6%( P/a) paid out monthly , but that's not really investment that's to have a cushion in place. Gona build up to 3 months salary then i'll just take out quarterly the growth and ad to the first two

Like I said ....I'm a moron( 26 y old) that wishes I started doing this earlier , I'm living as below my means as possible to try and make sure I'll never have to deal with crippling debt when I would like to retire

Thanks' for coming to my TED talk...

Please bounce ideas , experiences and whatever else. I want to keep learning
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TL;DR Buy gold bars and lotto tickets

I agree, after some time I have learned that Easy Equities has the same ROI as putting money under your mattress (and that's if you are lucky).

I was recently recommended by somebody to buy gold. Like physical bars. Because it seems to be the only commodity that steadily gets more valuable come peace or war. Diamonds tanked since lab grown is an option now, apparently they can be made clearer and stronger than natural diamonds.

With regards to the investment portfolio, I think that is the best option should you be able to afford it. All banks have their fixed deposits and what not, but you wont see a reasonable rate of return unless you are investing north of R1mil.
 
Rinox88 said:
Well... Just stay away from get rich quick BS.
So so many scams out there.. Anyone else lost a few bucks with Happyminer.us?

Back to your question... Look at these guys.. Short and long term project investments (they have been around for 30 years.. I joined in 2019)

Check out Impact Farming by Fedgroup by signing up here: Fedgroup Platform
(yes its my referral link)

Thank me later!

Happy friday all!
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What's your experience been like with Fedgroup and impact farming? I recently came across them and they got my interest piqued
 
NemoXX7 said:
I agree, after some time I have learned that Easy Equities has the same ROI as putting money under your mattress (and that's if you are lucky).
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This is a weird take. Easy Equities is an investment platform. Your returns are based off your own choices of what to invest in on that platform. You can invest in these same vehicles through other platforms and brokers; your ROI would end up being the same if you made the same choices (EE generally has lower fees though).
 
igg said:
This is a weird take. Easy Equities is an investment platform. Your returns are based off your own choices of what to invest in on that platform. You can invest in these same vehicles through other platforms and brokers; your ROI would end up being the same if you made the same choices (EE generally has lower fees though).
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That is true, I think the point of EE is for the layman to manage his own investment portfolio and it definitely empowered me to do that, but without following daily updates on the market trends, chances are you won't know what to invest in.
What I mentioned summarizes my experience at least, and compared to having a portfolio managed for you by a broker I don't think it is any easier. In fact I think going with a broker is the better option (For a person who wants to invest and forget about it, as opposed to subscribing to wall street type media and having to follow it)
 
NemoXX7 said:
That is true, I think the point of EE is for the layman to manage his own investment portfolio and it definitely empowered me to do that, but without following daily updates on the market trends, chances are you won't know what to invest in.
What I mentioned summarizes my experience at least, and compared to having a portfolio managed for you by a broker I don't think it is any easier. In fact I think going with a broker is the better option (For a person who wants to invest and forget about it, as opposed to subscribing to wall street type media and having to follow it)
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This is largely why I'm getting out

Made some good money with Tesla twice now , lost my ass on Peloton and Virgin galatic but still have the shares so just waiting it out

Go a few thousand NVTE as well but this is all sitting at losses where as it could be doing work in my other funds while its now just sitting still while i wait for it to break even

Maybe I was too impatient to do it but really i don't want to read market reports every day

I'd rather be good at my job daily and get more from it at the end of the month to supplement investments I don't have to think of.

Same as BTC ....I could likely have retired if I didn't sell everything at the end of 2018 but that's life
 
Frana.mtb said:
This is largely why I'm getting out

Made some good money with Tesla twice now , lost my ass on Peloton and Virgin galatic but still have the shares so just waiting it out

Go a few thousand NVTE as well but this is all sitting at losses where as it could be doing work in my other funds while its now just sitting still while i wait for it to break even

Maybe I was too impatient to do it but really i don't want to read market reports every day

I'd rather be good at my job daily and get more from it at the end of the month to supplement investments I don't have to think of.

Same as BTC ....I could likely have retired if I didn't sell everything at the end of 2018 but that's life
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Exactly this, I have a 9-5 job. I want this money to be earning for me passively. If I wanted to quit and follow the markets and do day trading then I would do that. EE empowers day traders
 
NemoXX7 said:
That is true, I think the point of EE is for the layman to manage his own investment portfolio and it definitely empowered me to do that, but without following daily updates on the market trends, chances are you won't know what to invest in.
What I mentioned summarizes my experience at least, and compared to having a portfolio managed for you by a broker I don't think it is any easier. In fact I think going with a broker is the better option (For a person who wants to invest and forget about it, as opposed to subscribing to wall street type media and having to follow it)
Click to expand...
Fair enough. For those who don't want to do the work, and would rather invest passively there's plenty of ETFs and baskets available; over the long term they're a strong investment. Then there's managed bundles for cheaper alternatives to personal brokers. Investing in individual companies is probably going to bite most "traders" if they're unwilling to put the work in (or pay someone to do this work for them).

For general advice, do deep dives in fee breakdowns on any investment product. It's surprising how much just 0.5% fee difference can make over a long term, and in some cases these fees can be negotiated.
 
My advice is: Never trust an investor that makes money from it. If their advice is sound, they would have been retired by now filthy rich.

Investing is not that hard if you put in "effort". The part that gets me is effort, because I'm lazy. When I do put in effort, I often times make good returns.

All you do is, read the news and capitalize. I wanted to invest in AI when it started flooding the news with breakthroughs, etc., when I looked into stocks at the time, I thought they were overpriced already, only for them to average 100x after that.

What goes into creating electric cars? Mineral mining has shot through the roof ever since electric cars became popular. There's a palladium shortage that was feared, and is in fruition now, what minerals were they looking into to replace it?

Which companies are profiting from the Maui fires? Rather a scummy investment, but if you're into those kinds of investments, who am I to judge.

I currently own cannabis stock since the legalization of it is on the rise globally, and its benefits are being explored medically.
I own cruise ship stocks, bought some after the pandemic hit them.
Semiconductor stocks, because even your left testicle will need one in about 10 years' time
I've been too lazy to go and invest my stocks into mining companies, but it's on my to do list. Kumba Iron Ore and likely JSE AMS would be good investments now.

I took a huge gamble, but failed, but I was 90% sure I was going to fail. I bought energy stocks in a crippled energy company after the huge Texas winter of 2021 and the energy collapse that occurred.

And so forth...That is how you should read and digest the news and make investment choices based on it.
 
Marcell1992 said:
My advice is: Never trust an investor that makes money from it. If their advice is sound, they would have been retired by now filthy rich.
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That's called insider trading, it's illegal
 
I am very dumb but eager with investing. Can someone explain TFSA to me? What is the 36k tax free investing cap about? Can I invest 36k a year into the account and the growth on it is tax free or is the tax free 36k including initial investment and growth?

I hear people say you should look to cap your 36k each year.
 
Marcell1992 said:
I currently own cannabis stock since the legalization of it is on the rise globally, and its benefits are being explored medically.
I own cruise ship stocks, bought some after the pandemic hit them.
Semiconductor stocks, because even your left testicle will need one in about 10 years' time
I've been too lazy to go and invest my stocks into mining companies, but it's on my to do list. Kumba Iron Ore and likely JSE AMS would be good investments now.
Click to expand...
Where do you buy/trade stocks?
 
JayDoubleYou said:
I am very dumb but eager with investing. Can someone explain TFSA to me? What is the 36k tax free investing cap about? Can I invest 36k a year into the account and the growth on it is tax free or is the tax free 36k including initial investment and growth?

I hear people say you should look to cap your 36k each year.
Click to expand...
TFSA is an account that will never have any tax on it

So any other account , fund , trust whatever you buy and make money from will have tax involved

YOu've got a lifetime limit of 500k and you're capped at 36k per year you can add to fill it up until that 500k cap is reached

but lets say i pull 50k out of my TFSA today for an emergency , I can only ad 450k ( 500k is the absolute limit for your life )

but now lets say you ad 1k to your TFSA everymonth , it'll take you roughly 42 years to fill it , then lets say over that time it has grown to 9 mil

You pull out 9mil when you're ready and don't pay a cent tax on it

Its a great investment but usually pretty safe whever you go so growth might not be fantastic

Scenario

You have a kid

You ad the max possible to a TFSA in their name from the day they're born ( 3k per month to get to 36k )

Their TFSA will be maxed we'll before they're 18 and probably have doubled , nice gift post school to go study or start life.


POINT

Its a great thing we have available but i would not put all my eggs in that basket , I personally put away 3.8k every month and 1k of that goes to my TFSA

If I get any windfalls( bonus , lucky share on EE ) unexpectedly in the year I split it 45 /45/10

45% goes to help fill my TFSA ( due to one of these my TFSA for this year will get maxed out at 36k exactly )
45% goes to my other investments
10% to fuck around and get that nervous energy out of me
 
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