Thread by @talkcentss

The blueprints to stokvel investing in 6 easy steps
#talkcents

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Step 1:

Define your target and niche.
Recruit a small group of people, friends, family, investors.

My group was expats.

Have a window period for recruitment and target a predetermined number of people, then close admission.

*Try to Keep it as confined as possible.

Step 2:

Open a 32day investment acct. Members can contribute an amount to this account on the monthly, as mandated by the stokvel contract.

We decided to contribute between R1000-R5000 a month. Our contribution amount is totally dependant on our affordability for the month.

Step 3:

At the end of every year transfer all or a % of the monies to an @EasyEquities stokvel investment account.

As a stokvel you'll now have two accounts to oversee.

1. 32 day investment account with your bank @CapitecBankSA
@FNBSA @Nedbank

2. EasyEquities group account

Step 4:

Register a company and open a business bank account. @BizPortalGovZa

#firstfixedcost

Transfers funds from your 32 day account into your business bank account.

You now have the ability to issue shares to members

Link all your accounts under the business umbrella.

Step 5:

Empty out your 32 day account and open recruitment again if you want to. You now have the option to issue shares to new members if you wish.

Step 6:

Build a credit history with the bank, transact, and build rapport Director(s) can also sign assurity for a loan.

Look to buy property, start a business, build ect.

Use the liquidity from members and the loan facility to leverage up. #passiveincome