Metafin - Financial Services

Crypto currency is probably one of the most controversial "assets" in modern history. I thought I'd write up a post to show the pros and cons of Bitcoin and what to look out for if you want to own it Pros: 1) Inflation/Currency Hedge: the most popular reason to hold bitcoin is that it can provide a hedge against inflation. It has a limited supply and is capped at around 21 million bitcoin 2) Diversification: crypto currency (bitcoin in particular) is considered its own asset class and therefore can have low correlation with traditional assets such as equities and bonds 3) Decentralized: Bitcoin isn't controlled by any middle men or by the central banks. it is therefore considered to be "safe" from being affected by government control Cons 1) Volatility and Risk: Bitcoin prices can rise and fall drastically (it is up around 100% over the past 1 year but is down 20% over the past 3 months) 2) No Intrinsic Value: Bitcoin is not a physical asset and does not produce any sort of physical return 3) Speculative: We have no way of knowing where Bitcoin will be over time (which can be true for most assets) Some things to consider if you want to hold Bitcoin in your portfolio 1) Rand Cost Average: buy consistently over a period of time to make use of the price fluctuations 2) Not more than 10% of your portfolio should be Crypto currency due to its volatility (this is especially true for people close to or in retirement) 3) You must be emotionally prepared to lose 20% or more of your investment at any point in time (which has happened to Bitcoin multiple times) 4) Understand and always remember why you want to hold Bitcoin, especially in times of down cycles #bitcoin #crypto #investments

Debating whether or not you should take out money from your Savings Pot? It's important to remember that the new Savings Pot from the Two Pot System is designed to help people in times of crisis and emergencies It's not designed to take out and splurge on a holiday😅 #twopotsystem #twopot #retirement

New Two Pot System An illustration of the new Two Pot system that will hopefully help some of you to understand it better :) #retirement #twopotsystem

Hi LinkedIn Another quick life update Last year in 2023, I had the pleasure of starting and completing my postgraduate diploma in financial planning at the University of the Free State Completing the postgrad gave me the opportunity to write the two Certified Financial Planner (CFP) board exams in February 2024 I’m proud to say I managed to pass both the board exams with a pretty decent result😅

The Retirement Annuity Fund is an investment with tax advantages. ❌Your contributions towards your RAF will be tax deductible. The tax deduction works as follows: ⬇️You can reduce your taxable income by contributing to an RAF. The annual limit to this deduction is 27.5% of your taxable income (upto R350,000) Here is an example: ✅Say your annual taxable income is R1,000,000. ✅Your tax deduction will be R275,000 ✅You will only pay tax on an income of R725,000 instead of an income of R1,000,000 Retirement Funds that are included: ✅Retirement Annuities ✅Pension Funds ✅Provident Funds The Retirement Fund Contribution limit resets on the 28th of February 2024