So, you’ve got your future covered. You have a financial plan with a pension scheme and retirement annuities; you have insurance policies; medical aid and gap cover; a living will; a healthy spread of investments in property, and the income to pay for it all. So you have everything covered, right? Or is something missing? What haven’t you considered?
Read More“It’s not that we’re dumb. We’re wired to avoid pain and pursue pleasure and security. It feels right to sell when everyone around us is scared and buy when everyone feels great. It may feel right-but it’s not rational.” US financial planner Carl Richards, calls the distance between what we should do and what we actually do when it comes to managing our money, the ‘Behaviour Gap’.
Read MoreMany people we see do not have a Will in place. Most people own something, whether it’s a house, a car or even a valuable piece of jewellery. If you don’t want the State to decide where your assets go when you die or, who will be in charge of your children and funds owed to them, then you need to draw up a Will.
Read MoreSome investors might find it interesting that South Africa has been one of the world’s best performing stock markets for nearly 100 years, despite underperforming inflation for the last three years. So, what makes us so special, and could we realistically expect this to continue? Picking up from a recent article by Fundhouse, we look at some of the opportunities and what needs to happen to realise South Africa’s potential.
Read MoreMore and more we’re hearing about parents who have placed themselves under considerable financial stress and even compromised their retirement prospects because they choose to continue to support their children well into their 20s – and even beyond. Research has uncovered that this is a world-wide phenomenon that seems to be on the increase.
Read MoreSo, what can we learn from the first Quarter of 2018? South Africa’s economic prospects have certainly brightened, but global markets have been volatile, creating a degree of uncertainty for investors with portfolios exposed to them. However, financial plans should be amended in response to changes in your personal circumstances, but not in response to changes on financial markets.
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