What should I do with R10k

[Aghori]

Do you even bother reading the OP before posting? He said 0 debt in the first sentence.

Don't be a goggakoppie, I ain't got time to read. He asked what he should do with 10k in the subject line and I replied.

 

[LaraC]

Buy Krugerrands.

 

[Aghori]

Buy Krugerrands.

Yeah Ponygirl has a good point. Gold is always a good investment cos it's shiny and bright.

 

[azbob]

Donate to your nearest church.

 

[Magnum]

Yeah Ponygirl has a good point. Gold is always a good investment cos it's shiny and bright.

And Crows like to carry it away.

 

[Thor]

Thor, have you noted the fact that the OP has no expenses. Which implies no income. So what is the point of an emergency fund?

And anyway, I'm not suggesting using a TFSA as an emergency fund. I've contrasted it with RAs which lock the capital away.

A TFSA benefits most from the earliest contributions. You are telling the OP to defer his contributions in case he one day needs to withdraw, which means he might not be able to contribute that amount again. This is a minor caveat compared to the advantage of early compounding.

Also, by the time OP wants to withdraw, the rules will probably have changed in his favour. TFSAs in other jurisdictions allow you to add back any withdrawn amount from the prior year to your current year's contribution limit. Pretty sure we will follow suit within a few years, not least because of people seeing a "red flag" on what is actually a great account.

There simply is not enough info from OP to formulate this assumption.

 

[Tomtomtom]

There simply is not enough info from OP to formulate this assumption.

What assumption? Have you actually read the OP and the replies and applied your mind? If so I'm curious as to how you reasoned your way to your position.

 

[R13...]

There simply is not enough info from OP to formulate this assumption.

There is enough in there to make the assumption. If he were some rich stay with parents (work at his dad's company so no travel expenses, etc) type he'd have a lot more than 10K to play with.

 

[Thor]

There is enough in there to make the assumption. If he were some rich stay with parents (work at his dad's company so no travel expenses, etc) type he'd have a lot more than 10K to play with.

That's why your not a financial advisor

 

[Tomtomtom]

That's why your not a financial advisor

Are you American?

 

[Thor]

Are you American?

According to SwiftKey that's a yes.

 

[crackersa]

Are you American?

:erm:

Cause he misspelled a word you think he's a yank?

 

[Tomtomtom]

:erm:

Cause he misspelled a word you think he's a yank?

Ja because in American the words "you're" and "your" are homophones, so they often make that mistake in writing. The rest of us don't because we say "yur" vs. "yor".

According to SwiftKey that's a yes.

Lol. Touché.

 

[crackersa]

Ja because in American the words "you're" and "your" are homonyms, so they often make that mistake in writing. The rest of us don't because we say "yur" vs. "yor".



Lol. Touché

Which school did you attend in the states? I was taught there was a difference and you had to look at the context of the sentence. Just like the words to / too

So don't think all Americans get it wrong

 

[Tomtomtom]

Which school did you attend in the states? I was taught there was a difference and you had to look at the context of the sentence. Just like the words to / too

So don't think all Americans get it wrong

Princeton, and then Harvard post-doc.

There is a difference, and not all Americans get it wrong. But they're more likely to get it wrong than English speakers, because they (mostly) pronounce "you're" and "your" the same way. It's like the way we have to think twice about "their" and "they're".

 

[R13...]

That's why your not a financial advisor

I am making a deduction on the information the OP supplied, not giving financial advice.

 

[crackersa]

Princeton, and then Harvard post-doc.

There is a difference, and not all Americans get it wrong. But they're more likely to get it wrong than English speakers, because they (mostly) pronounce "you're" and "your" the same way. It's like the way we have to think twice about "their" and "they're".

I would say most get it wrong cause they are being dumbasses and just not taking the time to really pay attention to what they are typing.

 

[Thor]

I would say most get it wrong cause they are being dumbasses and just not taking the time to really pay attention to what they are typing.

Shot fired.

 

[crackersa]

Shot fired.

Not really I know in my neck of the woods we wouldn't get it wrong...
Just cause we use the word y'all to replace them.