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Don Petty Cash Profile picture
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22 Jun, 4 tweets, 2 min read
every dog has it's day
yolo
Forget laser eyes & the car crash Miami crypto conference. NOTHING was more disturbing & entertaining than HotDoge. Yes, it's a thing.
Feel free to pull into the BankerX Telegram channel where we run plays on crypto & meme stonks => t.me/BankerX

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More from @iamkoshiek

Don Petty Cash Profile picture
23 Jun
The biggest ever cryptocurrency scam (Africrypt) is now a global news story. Here's a page turn of their "investor presentation" [Thread] ImageImage
Africrypt claimed to have grown from a one man operation to "one of Africa's largest & most successful AI trading companies"

Ever heard of them? Nobody did. That's the start of any great scam. Image
Would you hand over your money to a 19yo & a "personal equity trader"? But wait, what if the 19yo had 5 distinctions in matric?

RaeCreate was "incorporated in Hong Kong", domain was a Durban address. ImageImageImage
Read 12 tweets
Don Petty Cash Profile picture
21 Jun
Contemplating quitting your corporate job to become your own boss? [Thread]
Money

Making money is much easier when you have money. More importantly, having dry powder buys you time.

Starting with anything less than 6 months salary can be suicide. Bonus if you can get to a year saved up.

Flicking the switch on monetizing a new business isn't instant.
The fine print

Scrape through your employment contract to check for non-compete clauses, lock-in periods for approaching competitors, policy on recruiting existing employees.

Check what the notice period is, number of leave days you have to cash & how to transfer your pension.
Read 17 tweets
Don Petty Cash Profile picture
3 Jun
Thinking of investing in YWBN Mutual Bank? [Thread]
WTF is a mutual bank?

You're probably thinking 'oh no VBS!'. Not all mutual banks are dysfunctional.

Mutual banks are institutions owned by depositors and are regulated. They also have lower capital requirements with the SARB.

They can accept deposits can issue loans.
The first red flag on YWBN is the 'membership fee' for 100 bucks. Having done a fair share of capital raising it's the first time I've seen a non-refundable membership fee to participate in an issuance. It's not common.
Read 21 tweets
Don Petty Cash Profile picture
31 May
Strong chance you're severely underpaid right now. Here's a structured guide filled with practical, real-world strategies to make more money! [Thread]
Part I: Understanding why corporates are inherently structured to keep you underpaid ++ how stock based compensation, relentless buybacks & stimulus packages keep the widening the gap.
bankerx.co.za/p/47-2020-09-3…
Part II: Figuring out just how much you're underpaid by. Salary benchmarking, how moving jobs boosts your earnings & the "bump" effect of getting promoted.
bankerx.co.za/p/48-2020-10-0…
Read 12 tweets
Don Petty Cash Profile picture
29 May
Firm believer of transparency, accountability & getting people qualified in their field sharing their insights ESPECIALLY when it comes to money. It's a non-negotiable.

Here's the @Banker__X team: Image
Here's the @Banker__X team Twitter handles

- Wogan: @WoganMay
- JP: @PeensCFP
- Andre L: @Dre_AFC
- Andre B: @AndreBothmaTax
- Vusi: @SlwaneToYou
- Waheed: @swa
- Harsha: @Harsha_Prag
- Caleb: @calebjschroeter
- Waheed: @WB_Swales
Given where we are as an economy & in terms of financial education - having nameless, faceless folks recklessly dishing out terrible advice is incredibly damaging.

Anonymity often means a lack of accountability.
Read 5 tweets
Don Petty Cash Profile picture
25 May
USD/ ZAR

25 May 2020: 17.64
25 May 2021: 13.85
Relentless Fed stimulus has left the US dollar catching hands. Short term rates are at historic lows.

Basically it's really, really cheap to borrow right now.

How do they get the money out there? They go out & buy up US debt... $120bn every single month
When it comes to commodities, we're in the rich part of the cycle. There's a shortage of basically everything.

Lumber, coffee, olive oil, avos.

Add logistics difficulties thanks to COVID & you make supply shortages worse.

We benefit from higher priced precious metals exports.
Read 9 tweets

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