Don’t Let Delays in the Master’s Office Leave Your Family in Financial Distress
“Someone’s sitting in the shade today because someone planted a tree a long time ago” (Warren Buffett) Whilst the first and most important step in your estate planning is always to have in place a professionally drawn and regularly updated will (“Last Will and...
Budget 2022: The Minister of Finance Wants to Hear from You!
Finance Minister Enoch Godongwana has invited the public to share suggestions on the 2022 Budget he is expected to deliver on Wednesday 23 February 2022. The Ministry of Finance: “As usual, the budget allocation always aims to strike a balance between competing...
Quote of the Month – Don’t Cash In Your Retirement Savings
Vickie Lange, Head – Research, Best Practice & Academy at Alexander Forbes: “A common reason given by members for not preserving their retirement savings is that they are too low to warrant the trouble and expense of a preservation fund. A total of 58% of those who...
Red-Carding the Myth of The Rational Investor
“If there’s no meaning in it, that saves a world of trouble, you know, as we needn’t try to find any.” (The King, Alice in Wonderland) There has been an interesting debate taking place in the world of sports psychology for nearly 20 years. The question is whether the...
Three Ways to Leave a Legacy, And Not Just an Estate
“What is a legacy? It's planting seeds in a garden you never get to see.” (Lin-Manuel Miranda) Financial planning is mostly about thinking about how you want to live your life. But you shouldn’t neglect to consider what will happen after you are gone. Estate planning...
What SARS Says About Crypto Assets and Tax
“The future of money is digital currency” (Bill Gates) If you are thinking of buying – or have bought - any “crypto asset” such as a cryptocurrency like Bitcoin, Ethereum, XRP, Tether, Polkadot (or any of the many other crypto currencies springing up all over the...
Quote of the month – Stay invested!
Kondi Nkosi – Schroders: “If in March 2003 you had invested $1,000 in the MSCI World and left the investment alone for the next 15 years, it would have been worth $4,211. Figures have not been adjusted for inflation or fees. However, if you had tried to time your...
Selling Your Home: How to be Lucky this Holiday Season
“Luck is what happens when preparation meets opportunity” (Lucius Annaeus Seneca the Younger, Roman philosopher) History has not recorded whether Seneca himself was “lucky” in the property market of his time (Rome’s land registration records from two millennia ago...
Five Financial Myths That Need Busting
When it comes to managing your finances, it’s easy to just take on what you hear from those around you. But, unfortunately, there is a lot that is said on the subject by many people that is at best unhelpful and at worst just plain wrong. Even some so-called experts...
Quote of the Month – When Is the Best Time to Talk to Your Kids About Money?
Adriaan Pask – PSG Wealth: “Just as with saving for your retirement, the best time to start speaking to your children or grandchildren about money is when they are young, and the next best time is right now. “David Anderson, PhD, clinical psychologist at the Child...
A Tip for Successful Investing – Move from “Binary” to “Directional” Thinking
“Clarity means being very clear about the direction you want to go, but very flexible about how you will get there.” (Bob Johansen) It sometimes feels like there is a lot of black-or-white thinking in the world today. Many issues are presented as if there are only...
Three Things to Consider When Insuring Your Home
“The ache for home lives in all of us, the safe place where we can go as we are.” (Maya Angelou) Nobody likes to pay for insurance. But when you need it, you are very grateful that you have it. Homeowners insurance is particularly important because the loss of your...