Why do we Even Have Bull and Bear Markets?
Last year, shares in the company that owns Facebook – Meta Platforms – were up over 23%. So far in 2022, they have lost more than 60%. This is just one extreme example of how market conditions have changed. Last year, almost everything seemed to be going up. This year, it’s difficult to find a […]
The Question of Loyalty
“Incompetence should not be rewarded with blind loyalty” (Lord Varys, Game of Thrones) Loyalty is a powerful concept that elicits an emotional response. If you’re ‘loyal’, it means that you believe in trust and the idea of building and maintaining a long-term relationship. It’s a good thing, right? It’s complicated In the world of financial […]
Security Best Practices for Removable Media and Devices
Removable media gives users convenience when it comes to accessing personal or business data on the go. USB flash drives are one of the most popular removable media devices used today and as the use increases, so do the associated risks. Hackers have the tendency to go after popular devices and search for possible ways to […]
Beware grandparent scams in South Africa – perhaps the worst of them all
Cybercrime has multiple niches and approaches, but perhaps the worst is the targeting of older people and taking advantage of their vulnerability, notes KnowBe4 AFRICA, a provider of security awareness training. The grandparent scam. Phishing. Online fraud. Financial exploitation. These are just some of the attacks that are directed at older people and that are […]
12 Essential Security Awareness Training Topics for 2022
With human error playing a key part in 95% of cybersecurity breaches, managing employee cyber risk is essential for your business to steer clear of a user-related data breach and to demonstrate regulatory compliance. One core component of a strong human risk management (HRM) program is ongoing security awareness training that educates end-users on how […]
8 Mistakes Wealthy People Never Make
[vc_row][vc_column][vc_column_text] “Many folks think they aren’t good at earning money, when what they don’t know is how to use it.” (Frank A. Clark) Accumulating wealth isn’t as hard as it sounds. Years of consistent, calculated investing are almost guaranteed to fill up your coffers. For many, the trickier challenge is maintaining their wealth. Luckily, it’s […]
Why Timing Might be Everything in Retirement – Especially in a Bear Market
Imagine two people who both retire with savings of R5 million. Both of them decide to take an income of 5% of their starting capital per year, which would be R250 000. For the first five years, the first investor receives annual returns of 15%, 7%, 0%, -7% and -15%. The second investor gets the […]
Loss Aversion and Lifestyle Creep – How Behaviour Influences Saving
“For everything you have missed, you have gained something else.” (Ralph Waldo Emerson) Don’t be biased towards short term loss ‘Loss aversion’, from an investment perspective, refers to our tendency to avoid losses over acquiring gains. For example, we all know that sinking feeling when the market isn’t performing – it’s so tempting to cash out […]
Can You Take Out Life Insurance on Someone Else?
Taking out insurance on someone else’s life might sound a bit macabre. But this is not about secretly taking a bet that someone is going to die soon. Insurers won’t let you take out a policy on a stranger. In South Africa, it is possible to take out a life policy on someone else, provided […]
How To Grow Your Finances [A Gardening Analogy]
We planted the garden a few weeks ago and one vegetable we like to grow is corn. I noticed as I was watering that something had bit off the top of some of the corn plants that were started to grow. It almost looked like something had eaten it. The same day we planted our […]
