News & Opinions
SA investors have been in a panic about the falling rand and wondering whether they should send everything offshore before it gets any worse. But, as we often tell our clients, if there is one thing that can make you look foolish, it is our currency.
With the rand so volatile, now is the time to keep a cool head and adopt a strategic approach to taking money offshore.
Risk profiling questionnaires are a commonly used tool to set the benchmark for how risk averse you are as a person. You may well have been asked to fill one in yourself when you have consulted with a financial adviser in the past. However, you may be putting your financial health at risk when your investments are chosen based on these questionnaires.
You are probably already scanning the text of this introduction, looking where to click through to the article for more details on the crash and when it is expected. Your thoughts are probably jumping to what action to take next regarding your investments. Sell your shares? Move your equity unit trusts into safer money market accounts? BUT…this headline is NOT true, it was written to illustrate two points that happen to us all daily
Veritas Founder Barry O’Mahony was recently asked to discuss personal financial planning with a group of school leavers. According to Barry, he had to really think about what to say to them. Why? Well, typically, 18-year-olds – who are itching to set out into the world – would not find tax, risk or retirement planning particularly exciting. He thought he would come at it from a different angle … What does being wealthy really mean?
Ultimately, he wanted them to understand the importance of financial freedom … and how to achieve it.
Does my economic life change at the age of 75? Should I significantly increase my expenditure on travel or ticking-off my bucket list items up until then? This was the thread of a conversation we recently had with a client and have had with others, entering or already in this stage of their lives.
With Black Friday tomorrow and the Festive Season around the corner, advertisers and brands are having a field-day inundating us with ‘hot’ deals and ‘not-to-be-missed’ specials. But are they really that? Rick Briers-Danks shares his thoughts about the real costs of Black Friday
Sign up to receive regular news updates