Final Destination:Financial Freedom💰
Building an empire🖤
Founder of #ResearchRocks & The Stock Research University📚
1 added to My Authors
Jan 15 • 16 tweets • 5 min read
I know many of you are scared to invest in the US markets. That's okay. It is very overwhelming.
The JSE has 462 listed companies
The US has 16 366 listed companies
Let me try to make it a little easier with a short 🧵
One huge difference between the JSE and the NYSE/NASDAQ is the Securities and Exchange Commission (SEC)
Who da heck is the SEC?
The SEC is a U.S. government oversight agency responsible for regulating the securities markets and protecting investors.
Jan 14 • 15 tweets • 5 min read
Crypto Lingo 😂
Crypto freaks (me included) like to speak in foreign. Newbies, here are some of the terms. Book mark this one okay 📚
The smallest unit of a Bitcoin is called a Satoshi (sats). Think of Rands (the whole coin) and Cents (sats). You will often hear the crypto community say they are "stacking sats". That means that they are accumulating pieces of cryptocurrencies.
Dec 6, 2021 • 4 tweets • 2 min read
The balance sheet. I like the B/S more because we generally do not compare year-on-year or to the industry. It is thus easier.
You just compare numbers on the B/S to each other😍
Ignore that 100 other numbers. Only the yellow 2 asseblief and you are done📚
Only the yellow three and you are done😉
Dec 6, 2021 • 6 tweets • 2 min read
Many new investors are scared of financial statements. I don't blame them. Us accountants complicate the simplest things to keep ourselves employed😂
Let me show you guys the Income Statement first. You honestly just need 3 numbers. Trus bob💃
Look at all these numbers😭 I would also wanna run away.
But you just need the 3 that I have highlighted.
This is Shoprite's Income Statement. I can see revenues are growing, net profits are growing and the gross profit is solid. That's all you need.
Oct 11, 2021 • 10 tweets • 4 min read
We have not researched a stock on the TL in a very long time. I am back now. Class is back in session📚
We will take a JSE favourite who has been knocked by the pandemic. We all respect them for what they do for Vitality of their members.
Let's dig much deeper into DISCOVERY📚
I am going to use the sheet to guide me, as always.
Time allocation, whether it takes you a week or 30mins:
75% - Understanding the Business
15% - Financials
9% - Management & Culture
1% - The share price itself
Oct 5, 2021 • 16 tweets • 5 min read
WHAT ARE CRYPTOCURRENCIES???
Crypto (for short) is internet money. To understand crypto, you need to understand money.
So what makes money money?
Money must have all 3 of the below:
1. Enough people must have it. 2. Merchants must accept it as a form of payment. 3. Society must trust that it’s valuable and that it will remain valuable in the future.
Oct 1, 2021 • 9 tweets • 3 min read
Imposter syndrome, also called perceived fraudulence, involves feelings of self-doubt and personal incompetence that persist despite your education, experience, and accomplishments.
I had this badly for years
What my shrink made me do👇
many of you know I am a chartered accountant and that those exams are dam hard. I passed both exams on the first attempt. Instead of celebrating like other kids, I thoroughly believed the markers made a mistake TWICE
Yes, it sounds ridiculous now, but I believed it with my heart
Sep 10, 2021 • 9 tweets • 5 min read
Ways to make money online:
1. Surveys 2. E-books 3. Courses 4. Monetize your YouTube channel 5. Affiliate Marketing (Gumroad and Fiverr) 6. Flipping products 7. iPhone Repairs (you can teach yourself this) 8. Ads (if you have a large account)
Please follow @surveypapi I learnt everything I know about surveys from him. I do a few a month. Got some pounds for my efforts.
You can type in any company and it will display the financials.
Let's use Aveng of course
Red is bad. Black is good.
An Income Statement shows you if a company made profits or losses.
It contains all the income and all the expenses of the company
Aug 12, 2021 • 7 tweets • 3 min read
How to read financial statements 101
This is an income statement. It tells you if a company made profits or losses. Profits are black, losses are red.
So even if you are like Soul and you can't read...just look at colours okay
This is a balance sheet. This tell you the assets and liabilities. Sorry, here you need to read, but I will highlight the assets and liabilities okay.
Aug 12, 2021 • 10 tweets • 3 min read
Something that I really struggled understanding for the longest time. Not sure how you guys feel?
An ETF is usually a passively managed index fund that trades on a stock exchange. I always tell people it is a basket of shares.
Lets say you buy the Satrix JSE Top 40. Satrix buys the actual shares of the Top 40 JSE companies and you own a piece of each.