Invest With FIRE and Never Look Back
Retirement is wonderful if you have two essentials: much to live on and much to live for. (Anonymous) As the economy struggles to get back on its feet, many clients have approached us to ask how they can save better and invest smartly. So, we thought it was a good time to introduce the topic […]
Why too Much of a Good Thing Can be a Bad Thing
What would you do if you were given R2 million and told you had to invest it in property? You might think of buying a nice flat in Cape Town’s southern suburbs that you could rent out to students. That should give you an attractive yield in what seems like a good location. But what […]
Why an Endowment is One of the Best Ways to Invest Offshore
We live in a globalised society. Your microwave comes from Korea, your fridge from Germany. Your car is Swedish (although most of its parts are made in China), and your favourite restaurant is Italian. Of course, you’re also proudly South African on a Saturday afternoon when the chops are sizzling on the braai and Siya […]
Is Money Stress Taking a Toll on You?
According to a survey of 14 000 people by Debt Busters last year, a significant majority of South Africans are feeling financial stress. It found that 70% of us are stressed about money in some way. More than half of the participants said that they are worried about running out of money before the end […]
Should You Top Up Your Retirement Annuities Now?
With the end of the tax year approaching, talk to a professional about whether you should top up your retirement annuities (RAs) this month! Remember that all contributions into an RA reduce your taxable income, and therefore the amount of tax you pay. You can contribute a maximum of 27.5% of your taxable income to […]
Budget 2023: The Minister of Finance Wants to Hear from You!
“Finally, we pay tribute to the millions of South Africans, whose resilience and courage during these times of pandemic and economic hardship, is an inspiration to all of us who have the privilege to serve in the public sector.” (From the 2022 Budget Speech) Finance Minister Enoch Godongwana has invited the public to share suggestions […]
Four Simple Steps to Start the Year on the Right Financial Foot
“Remember that small steps can create giant leaps over time, so never think of any financial or spending matter as a small one.” (David Bach) The start of a new year is always a good time to take stock. So why not give your finances a check as a new year’s present to your […]
Why You Absolutely Should be Investing in Education
“An investment in knowledge pays the best interest.” (Benjamin Franklin) Investing for your children’s education is one of the great non-negotiables as it provides the foundation for a bright future. As always, however, there’s more than one way to skin this cat. Should you opt for a tax-free savings account or an endowment fund? And […]
Discover the Freedom of a Tidy Portfolio
“I’d like to tidy up the entire planet. I would go anywhere if there were something that needs tidying.” (Marie Kondo) There’s nothing better than ripping out a bunch of weeds and revealing a flourishing garden in the process! While most of us are able to maintain a relatively neat garden, the same cannot be […]
Why Lottery Winners End up Broke: The Importance of Your Financial Context
Many of us imagine how life changing it would be to win the lottery. After all, a few million rand would leave anyone better off, wouldn’t it? Unfortunately, the rather alarming answer to that question is actually “no”. Research from the National Endowment for Financial Education in the US has found that more than two […]
