News & Opinions
It seems so clear cut. The best chance you have to achieve your investment goals is to save regularly over the long term. So why do so many people fail to follow this logic? It requires delayed gratification, not something the world we live in subscribes to. In this light, we wanted to share some insights from Nic Andrew, Head of Nedgroup Investments.
Never mind how much you earn or your standard of education, your age or gender. What really counts when it comes to building your retirement nest egg is that most precious thing called time. The impact on savings can be jaw-dropping.
According to an old Scottish saying, the father buys it, the son builds it, the grandson sells it, and his son begs. In fact, a US study reveals that as many as 70% of intergenerational transfers of wealth fail. Too many people simply place the blame for this on the “kids” who received the money, but a recent analysis we have come across exposes the real reasons.
As globalisation continues, increasing numbers of people are on the move .… to other countries, living and working in other parts of the world. With laws and regulations differing from one country to another, financial planning is a complex business. Veritas has therefore joined the World Citizens network of CFP® Professionals to ensure that our clients continue to get the best advice possible.
A reputable adviser sells advice not products. When it comes to financial planning, Veritas Wealth founder Barry O’Mahony told the Sunday Times recently, you need to choose an independent CERTIFIED FINANCIAL PLANNER® who has your best interests at heart. “You need someone with whom you can share your goals in life and help you to make them a reality,” says Barry.
As Confucius said 2 500 years ago: Real knowledge is to know the extent of one’s ignorance. A more modern take on this age-old truism is what is known as illusory superiority. Applied to investors, it helps to explain some wayward behaviour.
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