The R50 investment challenge is to reduce barriers for new investors that are new to the stock market and may feel overwhelmed.
What’s the catch? No catch, we’re just a group of people interested in understanding the stock market better – share insights and help each other out with stock decisions. You only need your own money to invest within your own profile. More to follow below.
The thought behind R50
The idea is to invest roughly R200 a month, or R50 a week. This is significant because most subscriptions are around R200 a month (or close to that amount).
This R200 a month, or R50 a week should be taken from a “want” or something that is totally unnecessary like going out to the movies for the sake of going, ordering takeouts when you could eat at home, cigarettes or alcohol.
Note: This amount is flexible, you can do higher amounts if you’re comfortable with that or less if that’s more suitable for you.
I want to know more
So the “rules” are pretty straight forward, and it’s totally flexible to your own budget and investments. We’re running a trial for a month or two, to pilot this challenge.
- We recommend using EasyEquities platform (but you can use whatever platform you’d want).
- Each week our Telegram group discusses potential stocks or ETF’s and we choose to buy shares for that particular week.
- All assets are to be done within South Africa. Available on the ZAR portfolio of Easy Equities (JSE), Tax Free Account or Easy Properties.
- Have fun and share thoughts with our group.
Asset Candidates
All assets that are considered based on our group discussions (list will be updated occasionally).
- Satrix Top 40 (ETF) – Bought April 19th, 2022
- EC10 (ETF) – Bought April 11th, 2022
- Purple Group 🐂
- CMH
- Thungela
- Exxaro
- Absa
- Capitec
- MTN
- Vodacom
- Clicks
- Kumba Iron Ore
- Naspers
- Prosus
- Mr Price Group
- Easy Properties (decided closer to closing dates)
How do I join?
Pretty easy, join our Telegram Group “Investment Noobs” here and just say Howzit 👋. If you’ve never invested before, our group is open and welcome to helping people start investing. We chat all things about investing from stocks, ETFs, crypto currency and more!
No spam or pyramid schemes whatsoever!
👉 Join Investment Noobs on Telegram
Photo by Towfiqu barbhuiya on Unsplash
