Has Somizi Mhlongo invested in Cryptocurrency?

With the Cryptocurrency markets reaching new heights, there are many speculations as to who is and isn’t invested in Bitcoin. One of the rumours floating around is about the prominent Somizi Mhlongo. According to rumours on Social Media, Somizi has invested in Bitcoin & Ethereum through the Immediate Edge platform. 

This is our investigation to see if these rumours are true. 

Who is Somizi Mhlongo?

Somizi Mhlongo
Image by: news24.com

Somizi Mhlongo is a well known South African Actor, media star, social influencer and choreographer. He is well known for his appearance in the 1992 film Sarafina. Somizi has since grown in prominence becoming the lead choreographer for many shows and big events such as the Fifa World Cup Ceremonies and the 2013 Africa Cup of Nations. 

Recently he is known for his role in Idols South Africa, where he is a judge and is known for his personality on the show. He has also starred in his own reality show “Living the dream with Somizi” which premiered in 2016 on Mzansi Magic.

Somizi has also been a radio co-host on Metro FM’s “The Fresh Breakfast show” alongside DJ Fresh. Thus was a weekly radio show hosted on Metro FM and had a large listening base. Somizi is a well-liked South African Celebrity and Icon. He is a true media personality. 

Somizi’s Other Ventures

Somizi has also been involved in a number of other ventures. As he is an icon on Social Media in South Africa, he has invested a lot of time in building his Social Media image and personality. He has used his influence in a number of endorsement deals with DSTV, the Department of Water and Sanitation and even McDonalds where he became the face of the McCafe Coach. Somizi also invested in creating his autobiography in 2017.

How much is Somizi worth?

Somizi has managed to keep a lot of his wealth and personal life under wraps. He has an estimated Net Worth of $5 Million. This was made through his various ventures and works in the media and television industry. 

This makes it possible for him to travel with his husband around the world. But did he use this wealth to invest in Bitcoin or other cryptocurrencies?

Somizi Mhlongo Cryptocurrency – Are the Rumors True?

The cryptocurrency markets grow day after day, especially the likes of Bitcoin. This means a lot more people are looking to invest in the markets and are looking for people to follow. Immediate Edge is a great platform that allows users to automate their trading. This allows for newer traders to get going faster and with a lesser learning curve. And some studies have shown good levels of profitability.

But is Somizi one of those traders? We scoured the internet and social media and unfortunately could not find any evidence to back up these rumours. 

Our review and investigation has found no evidence to suggest that Somizi is invested in Cryptocurrency. With his media personality and social media following, many of us would have liked to see his insight. Unfortunately, fake gossip blogs and social media accounts have spun this rumours for their own benefit. These rumours are certainly false.

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When you hear the word investment, what do you think? Do you immediately think of saving money for a rainy day or saving it for college? Is saving the family’s money the right thing to do? You must take stock of your situation before you can make the best decision for you and your family’s future.


Investing In Real Estate, Stocks And Bonds To Build Wealth

When you hear the word investment, what do you think? Do you immediately think of saving money for a rainy day or saving it for college? Is saving the family’s money the right thing to do? You must take stock of your situation before you can make the best decision for you and your family’s future.

Investment is simply putting money into an effort to gain money. To invest is to put money into the hope of some return in the near future. In today’s economy an investment portfolio is more important than ever. The stock market has dropped as much as 30% from its peak and bond prices have been falling steadily. With all the concerns over the economy and potential depression one can easily see why investing in stocks and bonds may be a bad idea when everyone is looking for that one dollar bill.

If you are looking to start investing in stocks and bonds, there are several different types of investment options. Many young families prefer to put their money into a Roth IRA account and invest in bonds and stocks. A tax benefit is also available for individuals with a retirement age exceeding 65. There are other individual retirement accounts (IRAs) where the money is not tax sheltered until distributions are made. IRA’s offer a higher rate of interest than certificates of deposit and a higher regular income to boot.

Another way for individuals to generate income and set aside money for the future is by investing in real estate. One of the best investments available today is rental property. Rental properties will always be in high demand due to its steady state (most properties will stay in the same condition for many years), low cost, passive income producing properties. Properties like this are a great investment because the property taxes are lower than most homes and the rental income is guaranteed.

Another option for investors is mutual funds. These funds are investments in stocks and bonds that are managed by professional stock pickers. There are several benefits of using these types of mutual funds including diversification and income protection. The most notable benefit of using these types of investments is the ability to build wealth over time.

Finally, you can invest in both stock markets and bonds by putting your money in gold coins and bars. Gold is the only tangible asset that is a hedge against inflation. When the value of the dollar drops, so will the value of gold. Gold is the only precious asset that has a fixed supply. By diversifying across many different types of investments, investors are providing a solid foundation for long term economic growth.

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