Maximizing TFSA (Tax Free Savings Account) investments for my daughter.

Описание: Welcome back to Talking Money with Nozi. In this episode, I focus on maximizing my daughter's Tax-Free Savings Account (TFSA) before the end of the financial year on February 28th. I explain the benefits and processes of investing in TFSAs, including contribution limits and strategies for long-term growth. I invest in two ETFs for my daughter: the Satrix MSCI ACW1 Feeder ETF, which offers global exposure, and the Satrix 40 ETF, focusing on South Africa's top companies. I delve into the reasons for choosing these ETFs, their compositions, and their performance. Finally, I discuss the importance of reinvesting dividends for compounded growth and the tax advantages of TFSAs. Stay tuned for more insights on making the most of your savings accounts!

00:00 Welcome Back to Talking Money with Nozi
00:08 Maxing Out the Tax-Free Savings Account (TFSA)
00:21 Understanding the Financial Year and TFSA Contributions
01:14 Common Questions About TFSA Contributions
01:42 Investing in My Daughter's Easy Equities Account
01:54 Navigating the Easy Equities App
03:26 Choosing ETFs for My Daughter's Portfolio
03:57 Exploring the Satrix MSCI ACW1 Feeder Fund
11:37 Investing in the Satrix 40 ETF
14:20 Executing the Investment Orders
18:24 Understanding Investment Performance and Dividends
21:33 Advantages of a Tax-Free Savings Account
24:25 Final Thoughts and Encouragement to Invest