Public Wi-Fi: An ultimate guide on the risks + how to stay safe
Whether you work remotely, travel frequently, or just love staying connected wherever you go, chances are you’ve used a public Wi-Fi hotspot. They are nearly everywhere — airports, restaurants, coffee shops, libraries, public transit, hotel rooms, you name it. Using these free Wi-Fi hotspots is super convenient, allowing you to access online accounts, catch up on work, and check emails while on […]
Why You Should Treat Your Finances Like Your Health
“A good doctor treats the disease, but the great doctor treats the patient who has the disease.” (Unknown) Most of us understand why it’s important to have regular medical check-ups. We also recognise that, as we get older, what we need from them changes too. While it’s important for babies to have special health and […]
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Should You Ask ChatGPT for Financial Advice?
“Artificial Intelligence is the future … and the future is here.” (Dave Waters) Artificial intelligence (AI) language models like ChatGPT are incredibly exciting. The ability that they have to bring together information and provide answers to a wide range of questions is remarkable. However, they do have many people worried about whether machines will be […]
How Good do You Think You Are at Investing?
Do you deliver better than average work at the office? Do you drive better than the average person on the road? It is likely that you answered ‘yes’ to both of those questions. There is a fair amount of research that finds that a majority of people will almost always rate themselves as ‘above average’ […]
Thinking of moving to Australia? Bear these numbers in mind
As the adage goes, the grass is always greener on the other side. Right now, Australia may seem like the pot of gold at the end of the rainbow. But don’t make any rash decisions until you’ve digested the facts and figures below. The perils of perception Before we start, let’s talk about The Misperception […]
How a ‘Safe’ Fixed Deposit Might Still be Risky
Whenever you put money into a fixed deposit you probably think that it is perfectly safe. And as long as that deposit is running, you are probably right. If, for example, you invest in a in 36-month fixed deposit, you are guaranteed a certain interest rate for those three years. You are also almost certain […]
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 […]
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 […]
What is This Volatility Risk People are Always Talking About?
In the Covid crash, from 20 February to 23 March 2020, the S&P 500 fell 34%. This was the fastest 30% decline in stock market history, and it was caused by the massive uncertainty of what would happen as governments started to impose lockdowns. As the market dropped, the volatility index (VIX) spiked upwards. It […]
