It all begins with a plan. Financial planning is a process of measuring where you are now relative to where you would like to be somewhere in the future and implementing the necessary steps to get you there. Peace of Mind The main benefit of a successful financial...
Youth are between the proverbial rock and hard place. Without an income how can you begin to save. Wealth creation is based on investing over time taking full advantage of the power of compound interest. Most of our youth can barely make ends meet let alone set aside...
Parents want the best for their children and education is top of the list of priorities with many households. Many parents are turning to private schooling over government schools as the trust and confidence and quality of education is found in the former. The...
At this time of the year most medical aid schemes offer choices of plans to their members for the new year. There are many plans in the ranges of the various medical schemes and this makes choosing the appropriate plan that much more difficult. I chose the word...
On its own advice is just advice and probably not that effective. Let’s consider a retirement annuity, for example. In isolation the product has many features and benefits which provide many reasons to invest. In one. A main advantage is the tax deductibility of the...
The investment horizon is never really certain. However, the current global economic climate is definitely more uncertain than before. Economies throughout the world are battling to create employment and dig themselves out of the debt. Doubt, fear and worry loom. Yet...
There are basically 2 types of pensions to consider: The Life AnnuityThis is a structured pension based on the amount of money you have accumulated and your life expectancy. The product provider will offer you a pension for the rest of your life. Should you die sooner...
Taking the option to go it alone with your investments takes some work. The financial universe is huge and understanding it needs a lot of research and study. For starters, consider unit trusts. In South Africa alone there are over 900 to choose from.Which one suits...
If it sounds too good to be true then it probably is.Returns are made from the yields of assets. Cash produces interestProperty yields rental incomeBonds produce fixed interestEquities yield dividends Property and Equities can also appreciate in value which further...
A money market account trades in bank instruments called “paper”, such as Treasury bills, Banker’s acceptances, certificates of deposit, bills of exchange which all trade in a period of less than a year.The money market is trades at the interbank level where banks...
Times are getting tougher in the face of rising fuel costs and the weakening rand. Cutting back on expenses is a matter of attitude in the household where little savings on different expenses can make a big difference collectively. Here are some ideas on...