BNC#5: Brutally honest Magnus Heystek: Reasons why you MUST move your money away from South Africa

[@welilejiba316]

the very same people destroying our country(ANC elite) are moving their loot out of the country, Magnus is absolutely correct in his advice 😂

[@nosiphosobekwa9316]

What about whites. It’s better when money laundering is done by rich whites, not rich blacks. Blacks must remain poor in your mindset?

[@AJ-lw1cp]

To another country run by blacks?? I bet not

[@rossitherhodie5659]

Magnus took my call when I was about to retire and gave me the same advise. If you can take your money out of the Pension fund, do, pay your tax thats due, take a third offshore, and because of your age 64 now with kids and grandkids here and no intention of leaving at this stage, buy a property that can give you residual income and invest the rest conservitaly as you can in something that will beat inflation. Well I did that, I bought the house next door to mine, run it as a Holiday rental and put a chunk in RSA retail bonds at 11.5% return and the rest gives me 7.2% in the bank on immediate call. I'm a happy chappie and better off than I was getting from my Penion fund. The downside is is who the hell do you trust with youir money offshore? Remember, b rokers never loose only yiou can loose, so 1.2% in a protected offshore account will do for me as I age BUT if I need to as I get older and the rand depreciates, I can always bring bits of it back to keep me going, my property value is growing and bond rates beat inflation. After the Herman Pretorius saga, I will never walk into a broker shop again because my trust level was taken away and you as the investor are the only loosers. You can do it yourself these days without paying all the fees that go with it with just a bit of guts and insight research and listerning to smart people. Thanks Herman

[@steveleroux6116]

Buy small flats and rent out for income

[@ObelixBarbatus]

@@steveleroux6116 Except the PIE act and other legislation make it very difficult getting rid of bad tenants. I have paid a heavy price - and vetting them means nothing when something like the pandemic strikes.

[@kevinrtres]

@@steveleroux6116 Not a good idea given the tenants you'll get. Friend of mine is busy selling his properties because of that and the red tape surrounding it. Maybe better to do the short duration stay story and even then you have to be on your toes for wreckers from overseas.

[@jennarose3088]

My deceased Grandparents came to me in a dream (in 1997) and told me, "Stay on the side of the HOUSES!! Do NOT cross over!!" And that was in 1997 when I had nothing!! When I got my settlement, I put it all into residential housing, 3 small ones, and I'm not rich, but I'm surviving. I also had a deceased elderly lady come to me and shove the old South African flag in my face (in 2000), insisting it was my flag. I knew she was long since passed on, I thought she had forgotten, and tried explaining to her that it was the Anc flag. And she persisted in shoving the old SA flag/Boer flag in my face. And I still remember her exact words which were, "You will see, you are wrong, and that I am right! This IS YOUR FLAG! Just look, look at this flag, this is your flag!" I did not yet know about Siener van Rensburg at the time of this dream, as that was before I had gotten onto the internet, but now, I do. It gives me hope because these types of dreams have happened often in my life. And when a deceased person has spoken in my dreams they have never been wrong. I am 62 this year.

[@Grace_x68]

As always... Very solid advice, hitting the nail on the head Mr Heystek.

[@dionfrouws2452]

Thank you Magnus, Dawie Roodt for being realistic, not pessimistic!

[@errolG68]

He and I became good friends We caused all the Publicity on the Banks overcharging interest on loans sometimes as much as 70% I think he has a team of about 15 consultants A great guy

[@henrovanrooyen3432]

Alec, you and your team are just phenomenal. These type of content is amazing. Tell me, how do I invest in your channel? ;) Keep up the great work BizNews!

[@tjstevens1001]

While I do like going offshore, his example of 51 million would easily be 78 million today. The issue is do you live in rands or dollars. As long as your preferred currency beats inflation.

[@davidlazarus4198]

This morning i tried finding a report for my preservation funds showing the returns of these funds. Nowhere could i find anything on my fund managers website showing me the returns. The reason may be an oversight on the part of the fund manager, but my suspicion is the results would not make for very happy clients.

[@AnneliedeWet]

Sygnia has a great online reporting system. Just saying.

[@CasperLabuschagne]

For the sake of LOL's, please bring on SA's "sunshine economist" Roelof Botha and have him tell Magnus that we have a wonderful future full of constitutional checks and balances with unparalleled economic growth just waiting to be unlocked.

[@calvinpurdy2668]

That's the same message I heard back in 1994 after the ANC came to power, when I said it was time to start planning to emigrate. Now that apartheid is no more, the whole world was going to invest and "ALLES SAL REGKOM" I was told. Thank God I didn't listen to them and people like you.

[@CasperLabuschagne]

@@calvinpurdy2668 I said, "For the sake of LOL's". But don't be so negative, economist Roelof Botha is the brother of the late Pik and according to him, "Alles is spiekeries en was nog nooit beter in Suid-Afrika nie." Don't be so pessimistic, listen to the real experts... ;-)

[@nedor64]

​@@CasperLabuschagne Roelf Botha is Pik Bothas son.

[@martinbisschoff988]

😄😆🙃🙃🙃🙃🙃😀😉

[@dannyarcher6370]

Frans Cronje (although not an economist) is another big player in the "bright spark" domain.

[@HansCoche]

It would be foolish to invest in anything the ANC could possibly lay their hands on.

[@dannyarcher6370]

3:45 - That is so fucking depressing to hear.

[@IncorporatedTV]

At some point I would have liked to say he is just bluffing, but unfortunately we are at stage in our country were it is close to imploding into chaos.

[@luyandacherubin9016]

I personally think it's a bit unfair to compare the Nasdaq fund to the JSE market. I mean the Nasdaq has the world's major companies that are common almost in every country, hell I am typing this comment in one of the companies in the Nasdaq. The Nasdaq also comprises of companies that mainly grow on speculation (to be brutally honest (e.g Telsa)) while the JSE has a looootttt of undervalued companies which remain undervalued for god knows why.

[@mohjayy]

Interesting take.

[@gbone7581]

"JSE has a looootttt of undervalued companies which remain undervalued for god knows why." The potential investors know why.

[@simphiwerini9652]

A lot of sceptics are proving to here in SA just to loot n skip the country they not here to build. They have gone n came back. Those who are oversees now are facing layoff n liqidations. What they are not seeing is the global reset/ dedolirisation ending petro/dollar economy. A level playing field and multipolar world is underway. BRICS have decoupled from the dollar. A new digital tokenised AI economy is created. Current economy has failed n created un redeemable debt. A reset to AI is solution for now n future. It is therefore risky to leave the BRICS economies because the superpowers economies are being levelled n adjusted. Primary mineral producing countries will get to see a true value of their resources.

[@luyandacherubin9016]

@@gbone7581 Fair response.

[@luyandacherubin9016]

@@gbone7581 Potential investors definitely know but what about the value investors?

[@schalkvandermerwe3838]

Twitter Magnus seems much more brutal than Real Magnus. Was expecting a more fiery delivery :)

[@zanderschoeman3898]

Very true hahha

[@BYE_BYE6-o2b]

He said this just as a banking crisis emerged in America, Europe and Japan.

[@theObscure3rd]

banking crisis are nothing new in the US, it is part of their business cycle and their stock market has historically come out on top in the long-term. This may be changing but is far from bring different in our lifetime. The USA will slip to number 2, South Africa is not even in the race. Keeping your money in South Africa is dumb.

[@AnneliedeWet]

Exactly. It's like he's living under a rock.

[@ObelixBarbatus]

and they will emerge in better shape, whilst our ship follows the Titanic.

[@BYE_BYE6-o2b]

Do you know why you should keep your money in SA? It's because while all the Central Bank Mafia had effectively imposed either 0% interest rates or negative interest rates around the world, Lesetja Kganyago and crew kept our own rates well above those found abroad and effectively saved us more agony than what was being prescribed for us by Development Banks and the BIS. You have the internet. Use it.

[@dannyarcher6370]

I'm currently investigating how to get money into India. Seems a bit of a ballache but looks doable. They've been growing at 6%+ for the last three decades and are going to eat China's lunch and will soon be the world's biggest market. I'm looking at dividend aristocrats over the next 20 years as a retirement plan.

[@AnneliedeWet]

India is definitely up there

[@zanderschoeman3898]

Great strategy. Need to research how to get india myself. Seems difficult at the moment

[@dannyarcher6370]

@@zanderschoeman3898 Look up Foreign Portfolio Investor (FPI), Permanent Account Number (PAN) - that's the tax number - and Special Non-Resident Rupee Account (SNRR). I haven't tied it all together yet, but I think that is everything that would be needed to get funds into India.

[@kevinrtres]

You can start with an India ETF. Just look it up - I don't want to advertise without getting paid for it.

[@markparfett5380]

I still can’t imagine that given the returns out of SA the past 5to 10 years his clients investment would not be substantially more than R62 million. You can’t be wrong at paying R16million in tax.

[@markparfett5380]

I don’t agree with Magnus’s comment about the tied agency force only being able to give advice on funds of their companies. Through their lisps and asset management arms they are able to access most of the other funds in the country and offer offshore access too. His comment is factually incorrect.

[@rushmore100]

Investment horizons depend on the age of the investor. Tough to be optimistic about SA at the moment. But who knows what next year or 5 years from now brings.

[@voertsek8404]

I saw this coming 26 years ago What a bonus 👍

[@mindapothecary]

Europe doesn't look rosy in the long term, no matter how blind one is. The whole world has eaten a bitter grape and the teeth are on edge. Anywhere you move your money is risky

[@kevinrtres]

Some divine advise seems appropriate then: *Do not gather for yourselves treasures here on earth where moth and rust destroys and thieves ( sounds familiar ) break in and steal but rather gather for yourselves treasures in heaven where moth and rust do not destroy and thieves cannot break in and steal - for where your treasure is there your heart will be also.*

[@mindapothecary]

@@kevinrtres Amen

[@willx8422]

Why is there no regulation on underperforming funds

[@andrevangraan8241]

What regulation would you like to see, Willy? How about just firing the fund manager for under performance? 😉

[@willx8422]

@@andrevangraan8241 Thats exactly the sort of regulation that is needed. Today almost anybody can be a financial advisor and put money in under performing funds.

[@weetbix2083]

@@andrevangraan8241 no growth no fees

[@BYE_BYE6-o2b]

the comments have a particular tone to them and I don't mean tone of voice.

[@tladilebohang]

Outflow of internal Capital - how's that not gonna destroy the economy?

[@cloudstrife8791]

These biztalks are depressing... I qoute "The City Press reports that over R100 billion in South African shares and bonds have been sold by international investors since the start of 2023." Shutdowns and taxdrain on failing essential services not helping either...

[@user-og1nm6gq1l]

Brenthurst's funds' performance poor. Have to sponsor their own content to tell the public how great they are.

[@markmcculloch2570]

Magic advice Magnes.

[@BYE_BYE6-o2b]

Banking system collapsing all across the West all the way to the other end of the Eurasian subcontinent. Not only is this take wrong. It becomes exponentially incorrect as the days go by. It's not a static kind of incorrectness.

[@AnneliedeWet]

He is stuck. I commented up the top: I don't understand Magnus' take on the crumbling west's profitability. He cites a job in Germany as example: IMF: "Germany, the continent's industrial powerhouse, will see growth of just 0.1% [2023] --- a timid performance but a considerable increase from the -0.3% estimated in October". German industries are closing down as if there is no tomorrow. On top of it, in the R500 000 (5 year) bet between Magnus (offshore) and Piet Viljoen ( local investment) --- Piet Viljoen is winning so far. Maybe they both lose in the end, but there is no real evidence to predict that Magnus is going to turn the tide dramatically with his R500 000. No use looking at old statistics and calling on history, as he often does. Everything is changing rapidly. India is becoming a top world economy, and for Russia, the IMF forecasts a growth rate of 2.9% in 2023 and 3.1% in 2024. That is considerably HIGHER than Germany! Is Magnus too conventional to start looking at this? China is also somewhere in the mix. Check out the R500 000 bet between Piet Viljoen and Magnus: kzbin.info/www/bejne/gXPEcouBod-aZrc kzbin.info/www/bejne/Y3yndXajltxkj6s

[@BYE_BYE6-o2b]

Sorry. Eurasian Continent. how incontinent of me.

[@BYE_BYE6-o2b]

5 MAJOR BANKS RAIDED over $100 BILLION fraud in France. Banks Raided: - HSBC - Societe Generale - BNP Paribas - Exane - Natixis

[@siphamandlamaneli1566]

Move yo money n yo body out in United South Africa. Diasporas are coming with their money n bodies.

[@gbone7581]

Precisely why Magnus's advice makes sense!

[@andrevangraan8241]

Stop smoking the dagga, my friend.....you're hallucinating! 😭

[@aykay9328]

I wonder why people are tripping g to your message when they are making it a daily sermon how SA is this and that and not that, when you help them in their beliefs, they cry out loud, indeed, move your assets and warm body and give room for others who still want to come,why beg

[@FictionHubZA]

No. Do you have even the slightest idea how distasterous that would be? Plus african americans don't like us. They can stay in America.

[@siphamandlamaneli1566]

I'm referring to Madala the Old man not everyone because what he says it's not a building strategy instead the opposite.

[@MickJaggerr1]

Sitting here in the UK having just started my family with 3 year old twin girls I feel relieved we made the move, however I worry for family stuck in SA. 😢

[@wotespedi1552]

As an investor myself, I can tell you that the American market is now struggling, and experts are predicting a global recession.

[@philipmunro514]

During a recession there is a huge wealth transfer to gold and silver. Might want to look into building up gold and silver just to store the value of your money. After the smoke settle before the wealth transfer move back to stocks and bonds cash out on a lot of the gold and silver. If u time it correct u can still buy cheap stocks before most wealth is back into stocks. Alternatively u don't need to be a Scottish citizen to own properly in Scotland. Buy some land there and sell it again after the recession. As a investor keep as little money in your bank account. And large part of your money in Gold, silver, efts and if u want property I would not buy now in RSA

[@jkoorts]

Sounds like good news to me. It is buying time!

[@AnneliedeWet]

Indeed, but Magnus never seems to factor these things.

[@elonchieftwatt]

Move it were, the banks around the world are collapsing so??

[@andrevangraan8241]

A creche was two cars involved in an accident in Bonteheuwel!😭😭😭

[@theokramer_za]

My TFSA satrix returns as follows Nasdaq started Apr 2018 71% Resi started Nov 2015 56% S&P started Jul 2017 32%

[@ObelixBarbatus]

I have had a similar experience although my Satrix is more diversified BUT I have started feeling that my optimism is misplaced and perhaps I should weight the investment more towards Nasdaq and MSCI.

[@mrjakesh1]

In 1984, I paid R1 for $1 to visit the States.

[@rupertconradie8410]

So how do you Invest oversees?

[@kevinrtres]

Either via local ETFs or Unit trusts that invest overseas or privately via Investec. Most banks also offer something but the fees will be drastic. Search engines are your friend.

[@JustifyJustin]

Looks at the looming Financial Crisis 2.0 unfolding. Well... this didn't age well.

[@calvinndlovs]

Very insightful

[@LionelRoyL]

We can only pray for the Government

[@kevinrtres]

So many people have rejected God that they do not consider the most powerful force in the universe as of any help. Instead the one's ruining the country pray to the ancestors (demons according to the bible) for financial and health support. This is what Zuma did OFFICIALLY in his ruin of the country. We got what he asked for.

[@ratilallsahadeo5511]

🙏🙏🙏

[@drevil4454]

Done that. Waiting for the fallout!!!

[@stevew-tf6ky]

good advice here thanks

[@peterkruger5115]

Brilliant thanks

[@allintv1344]

lol this huckster just quoted credit suisse data.

[@tameimpala37]

Magnus appears to be an unhappy individual.

[@phaks9529]

Remember him during radio+ 702 times

[@zanderschoeman3898]

Think unhappy is untrue.. More like seriously concerned about south africas economic future.. Mind you cant say i feel any different looking at the glorious mess

[@divanbuys1484]

I'll move my money... If I had any

[@steveleroux6116]

Thank goodness sa has the Boer in charge of the money otherwise if the anc was anywhere close to this, it would have been the same as pulling out the plug in a basin full of tadpoles!

[@feizalmoolla1946]

Alec Hogg please get Magnus to a physician asap Could someone pass message to Magnus

[@intellifly747]

Agree

[@steveleroux6116]

Probably vaccine injured??

[@feizalmoolla1946]

@@steveleroux6116 no

[@christineslabbert5955]

End up like Zimbabwe

[@aubreypre]

Thank you

[@vetpara]

To say that financial advisors give better advice than portfolio/fund managers is an embarrassing comment... If financial advisors were good enough they would be managing their own or some institution's money.

[@daletrade5178]

This is basically an advert

[@AnneliedeWet]

Yes

[@daletrade5178]

CLICK BAIT

[@ShellFish300]

Magnus only talks for and to the rich😏

[@goodbarbenie5477]

Welcome to S. A....Zimbabwe number two... Hahaa

[@brandonhoneb1460]

🇳🇦🇳🇦🇳🇦🇳🇦🇳🇦🇳🇦🇳🇦🇳🇦🤍

[@johankruger9507]

NANANA.....HEY HEY

[@gbone7581]

You forgot the BA in front of the NANA's!

[@andrevangraan8241]

@@gbone7581 It's Banana Republic!😭

[@koketsomokwena5619]

Take your things & leave our Land behind

[@TheSirse]

Bold of you to assume that I have money 🤣

[@midnightspecial3827]

FerkdeK4

[@ashrafsavahl6947]

Nee Broer, jy het duidelik noggie die NUWE FORD RANGER Gesien nie,

[@kevinlenyatsa3648]

I'm moving my millions right now✅💹

[@leejacobs8887]

MY THINKING IS TAKE YOUR MONEY OUT OF ALL THESE GUYS STIKKI FINGERS AND BUY GOLD AND SILVER AND BE YOUR OWN BOSS

[@kevinrtres]

Where you going keep them thar gold and silver? Whose sticky fingers are you going to put it into?