Stealthy Wealth
@stealthy_wealth
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Husband, father, slow runner and passive investor. On a journey to financial freedom
United Kingdom
Joined May 2016
What has been the best piece of financial advice you have ever received?
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Out of all the investing decisions you will ever make, the most important is the decision to start
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Years till financial freedom according to the percentage of your salary that you save. If you save the recommended 15% of your salary, it will take you 40 years to become financially free. Up your savings rate to 50%, and you can be financially free in just 16 years!
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ETFs = Awesome! TFSAs = Awesome! ETFs in a TFSA = Awesome to the power of awesome!
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4) If the ETF pays out dividends then, next to the word "Distribution", you will see the distribution frequency, or the months in which dividends are paid out. Some examples are below.
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3) In the MDD search for "Distribution". A ETF is total return (no dividends paid) if: - Next to "Distribution" you see text like "fund does not distribute" or similar. - The word "distribution" does not exist in the MDD. Confirm by searching for "Total Return" Examples below
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2) The second last column of the table of ETFs contains a link to the Fact Sheet/MDD (Minimum Disclosure Document) of the ETF. Open the fact sheet of the ETF you are interested in.
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1) @ETFSA has a really fantastic page on their website where they list all the available ETF's. You can find the page over here -
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Some ETFs pay out dividends while others automatically reinvest the dividends on your behalf (the cool kids call these "Total Return ETFs") So how do you find out what an ETF does with your dividends? [Thread]
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For reference here is last years https://t.co/23XguOrBN1
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If your income is less than R25,000 a month, focus on earning more If your income is more than R25,000 a month, focus on spending less
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Dividends are awesome - you are literally getting money for sitting on your ass!
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The basic principles of FIRE (Financial Independence, Retire Early) 1. Spend Less Than You Earn 2. Attack Short Term Debt 3. Invest In Low Cost Passive Funds 4. You are financially free when you have 300 times your monthly expenses saved up
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Heard at the braai: "I bought a house for R500k and 5 years later I sold it for R1 Mil." Not heard at the braai: "Over those 5 years I paid R238k in interest, R90k in levies, 24k in rates & taxes and R12.5k in repairs & maintenance."
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"But they only charge 1%" Imagine having worked your ass off over many years to build up an investment of R3mil, and then end up paying someone R2500 a month!
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This is how much you will pay a commission based financial adviser PER MONTH, depending on the fee they charge and the size of your investment.
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