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 […]
Ultima Vacancies
POSITIONS AVAILABLE IN LYNNWOOD GLEN, PRETORIA We are situated 1,8 kms from the MENLYN PARK Shopping Centre Interested candidates can send their most recent curriculum vitae to: [email protected] Attention: RECRUITMENT POSITION 1: PARA PLANNER FAIS ACT: REP UNDER SUPERVISION Requirements Qualifications: […]
Compound Interest: The Eighth Wonder of the World
“If you understand compound interest, you basically understand the universe.” (Robert Breault) Don’t be simple One of the best ways to understand compound interest is to know what it’s not — the appropriately named simple interest. This easy example illustrates the difference between the two. Mr X decides to invest in an account that pays […]
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 […]
Avoid These 6 Barriers to Wealth Creation
“When money realizes that it is in good hands, it wants to stay and multiply in those hands.” (Idowu Koyenikan) This month we take a look at six of the most significant barriers to wealth creation and financial independence. No matter where you are in your life journey you will be able to learn something […]
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 […]
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 […]
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 […]
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 […]
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 […]
