Pinky Sithole ๐Ÿ’— Profile picture
Seven Figures + ๐ŸŽ™ Financial Literacy Advocate ๐Ÿ“ˆ โ€ข #SevenFiguresQuiz #DividendStockvel โ€ข Sports fanatic ๐Ÿ โšฝ๏ธ ๐ŸŒ๐Ÿพโ€โ™€๏ธโ€ข Positive mindsetโœจ๐Ÿง˜๐Ÿพโ€โ™€๏ธ
22 Jul
Over the past few days your timeline was probably flooded with beautiful screenshots of dividend notifications ๐Ÿค‘ You may also have seen #DividendStockvel and/or #DividendWatch2021

Cc @keletsovionah @lati_____

What is a dividend? Is it free money?

A threadโ€ฆ ๐Ÿงต
A dividend is a share of the profits paid by a company to its shareholders. A company can choose to pay dividends monthly, quarterly, twice a year or annually. South African dividend paying stocks often pay dividends twice a year (an interim and a final dividend).
Many US dividend paying stocks pay dividends quarterly. ETFs usually pay dividends quarterly or twice a year although some US ETFs pay monthly and others annually. Just remember that dividends are not guaranteedโ€ฆ
Read 21 tweets
21 Jul
The last 2 editions of the #SevenFiguresQuiz were focused on JSE listed stocks, yesterdayโ€™s focus was specifically on the JSE Top 40.

I would like to share some info regarding the JSE Top 40.

A threadโ€ฆ ๐Ÿงต
The JSE Top 40 is made up of the top 41 companies by market cap.

To calculate a companyโ€™s market cap, multiply the total number of a company's outstanding shares by the current share price of one share.
The current JSE Top 40 companies are:
ย 
Naspers
BHP Group Plc
Compagnie Financiere
Anglo
Firstrand
Mtn Group
Mondi Plc
Implats
Sibanye Stillwater Ltd
Stanbank
British American Tobacco
Capitec
Anglo Gold Ashanti
Goldfields Ltd
Sasol
Bid Corp Ltd
Sanlam
Angloplat
Absa Group Ltd
Read 9 tweets
20 Jul
How well do you know the JSE Top 40 ๐Ÿ‘€

Please try the #SevenFiguresQuiz ๐Ÿ˜ˆ without using a search engine or checking your portfolios.
Which company is the largest by market cap?
Which bank is the largest by market cap?
Read 6 tweets
18 Jun
Medical aid is a very emotive topic.

Some medical scheme options are quite complex, options within the same medical scheme may have different rules and different benefit structures across medical schemes make it difficult compare the many options on offer.

A threadโ€ฆ๐Ÿงต
Having said that I do want to address the issue of the Medical Savings Account (MSA) clawback in light of mid-year contribution increases and mid-year option changes.

๐Ÿ“ข ๐Ÿ“ข
I do not work for a medical scheme or administrator. I have no affiliation to any medical scheme.
Medical aid, Medical aid scheme and Medical scheme all mean the same thing. These terms are used interchangeably in the industry.

Medical scheme plan and Medical scheme option mean the same thing. Plan and Option are used interchangeably in the industry.
Read 24 tweets
27 Jul 20
The amazing power of compounding ๐Ÿ’ธ๐Ÿ’ธ

Compounding is when your savings generate additional earnings for you over a period of time. Huh??

A thread ๐Ÿ‘‡๐Ÿพ

#FinancialHealth2020
#FinancialIndependence
Simply put, compounding is the growth of your savings.

This growth is the interest earned on the amount saved; each month you earn interest on the initial amount plus the interest already earned (your money increases over time with very little action required from you).
Compounding in action:

Let's say I save R1200 on 1 Jan, the bank offers me an interest rate of 6% per annum. A simple interest calculation tells me that I will have R1272 at the end of the year. But come 31 Dec I will actually have R1274.01 ๐Ÿฅณ๐Ÿฅณ
Read 10 tweets