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27 Feb, 4 tweets, 1 min read
Journey to the JSE

When I left Zimbabwe (2007) economy was on it's knees. I continued to track the ZSE working in SA & soon lost interest as I could not save from my meagre salary. In hindsight I could've. I missed Econet chance, watched it go from US20c to US$3 (2008-2012) 1/4
The fact that I saw Econet opportunity coming & hesitated made me determined to make amends. From 2013 I began analyzing JSE using sharedata.co.za , unlike ZSE it was big with lots of opportunities. By 2017 I opened an investor account with FNB & began buying shares 2/4
I aggressively sought to grow my knowledge covering Fundamental, Technical & lately Cycle Analysis as I was investing to supplement my income. On some great weeks I was able to make my salary within that week. I was now seeing the wealth creating ability of stock markets. 3/4
I would encourage you to learn Technical Analysis for a start as you will need it to find great entry & exit points out of the stock markets. You can add basic economics to sharpen your knowledge of Fundamental analysis. Anyone can do well in investing through learning. 4/4

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More from @mentorshipzim

Mentorshipzim Profile picture
27 Feb
How to Invest on the JSE

Having known the why, let's address the how. The easiest way would be to open a broker account, afrifocus.co.za has a large Zimbabwean clientele so they are great to use for a start as they understand the challenges of moving funds from 🇿🇼. 1/6
The second option is to open an investor account with major banks, the big 4 banks have investor accounts allowing you to buy shares from your internet banking App. The major hurdle is KYC documents & they require SWIFT/EFT from Zimbabwe to your investor account 2/6
You can also open a non-resident bank account then use that account to access investor platforms from the bank itself. The hurdle is showing you earn enough, most Zimbabwean salaries are currently depressed showing small value is Rand terms so people get declined. 3/6
Read 6 tweets
Mentorshipzim Profile picture
27 Feb
Why Invest on the JSE?

For anyone in Africa, the JSE is the most liquid stock market with reasonable growth across many sectors, it attracts a lot of foreign investors. So this is the place where one can look to grow their retirement savings or start building wealth. 1/7
Specific to🇿🇼, we have currency cycles that destroy purchasing power, if you are going to set aside money without losing it, the JSE can provide peace of mind. You routinely invest what you save away from the volatile currency regime & grow where ZSE remains stagnant. 2/7
Zimbabwe has financial flow restrictions e.g. PayPal & Bitcoin aren't easy to transact. Investing on the JSE allows you to live in Zimbabwe but still be able move funds between countries or pay for services that require forex without much hassle. 3/7
Read 7 tweets
Mentorshipzim Profile picture
27 Feb
The Hard Beginnings on ZSE

My first job was an internship at First Mutual, this opened doors for me to work in insurance. I would later get a job at Fidelity where being in Workers' Committee I had to prepare submissions to management for increases & debate money matters 1/5
It was then I learnt clients' funds were invested on ZSE, this was in 2005 as hyperinflation was beginning. The investments showed great returns, to understand further I went Kingdom & resolved to open an account with the broking division. I wanted to be part of the euphoria! 2/5
I now understood the concept, shares make money via:

1. Dividend
2. Capital appreciation

I learnt that with small investment capital appreciation mattered more than dividends. By 2006 shares were growing by 500-1000% in a few days but so was inflation, so we didn't win big 3/5
Read 5 tweets
Mentorshipzim Profile picture
27 Feb
My History in Investing

I'll begin by saying I was born into an Accounting family, my dad was among the first black Accounting Officers at Air Rhodesia. He was frugal & keen to accumulate wealth. Being young I was a keen observer of this man of little words & many actions. 1/5
When I was 9 dad suffered a stroke & therefore was unable to work, his dreams crumbled, close to my 10th birthday he passed on. His funeral gave me an impression that he was a great man. It became evident after seeing he left a sizable fortune (money) to each of his children 2/5
So we had our prosperous moment, each of 7 children with a POSB book with several thousands, in 1992 it was a lot of money. However by end of 1993 all the money had been finished. We went into deep poverty. Those events didn't make sense & kept me wondering why into adulthood 3/5
Read 5 tweets
Mentorshipzim Profile picture
26 Feb
The final thread of the day.
I am going to touch on the controversial personal finance topic of "black tax." On a Facebook group that I am part of, A lady in the diaspora asked, "what is reasonable to send for monthly upkeep for a family of 4?"
A debate on black tax ensued.
As part of my financial education workshops, we talk about how to align financial goals in families. Furthermore when discussing budgeting, we look at the likelihood of family needs making their way to an individual or couple's budget. So let's talk, what is black tax anyway?
According to the Urban Dictionary black tax is the extra money that black professionals are expected to give every month to support their less fortunate family and extended families. In Zim this term has really begun to gain popularity recently, why?
Read 21 tweets
Mentorshipzim Profile picture
26 Feb
Thread 3 - I want to speak about financial management principles in a small business, family business, or hustle as we popularly call them.
I was part of a family business for 6 years then I have been various running small businesses with my hubby for the past 5 years.
This is what I will discuss:
1. The business & YOU
2. The big picture of the business.
3. Structure and systems 
4. Sales and financial management.
5. The value of business support structures
1. The business is a separate entity to you. Give it a name, a separate bank account (even if it's in your personal name), separate it from your daily personal expenditure. This will help you when you want to formalize it. A huge mistake that small business owners make is...
Read 20 tweets

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