by O'Hagan Attorneys | Jul 29, 2021 | Saving & Investing
“There may be liberty and justice for all, but there are tax breaks only for some” (Martin Sullivan) Since 2015, all South Africans have been able to invest in tax-free savings accounts (TFSAs). The appeal of these products is that any funds invested will...
by O'Hagan Attorneys | Jul 29, 2021 | Financial Planning, Saving & Investing
“Inflation is taxation without legislation.” (Milton Friedman) For most of the past five years, inflation in South Africa has been very much under control. It has been well within the Reserve Bank’s target range of 3% to 6%. In this environment, it’s been...
by O'Hagan Attorneys | Jul 29, 2021 | Financial Planning, Saving & Investing
“A journey is like marriage. The certain way to be wrong is to think you control it” (John Steinbeck) One of the most important decisions you must make before you marry is what “marital regime” (“matrimonial property system”) you want to apply to your marriage. Your...
by O'Hagan Attorneys | Jun 29, 2021 | Quote of the Month, Saving & Investing
Adriaan Pask from PSG Wealth: “In general, investors face the risk of picking a fund that can either perform well or poorly, depending on a number of variables. These decisions will ultimately influence the probability of losses relative to the expected return on...
by O'Hagan Attorneys | May 31, 2021 | Financial Planning, Saving & Investing
“Success in this game depends less on strength of body than strength of mind and character” (Arnold Palmer) Investing is not like rugby. On a rugby field, all of the players are playing the same game. The rules are the same for all of them, and they have the same...
by O'Hagan Attorneys | Apr 30, 2021 | Saving & Investing
Many South African investors make use of money market funds. According to the latest unit trust statistics, there is R438bn saved in these products. Absa’s decision to close its money market fund has, however, raised concerns about whether these products are safe. The...
