If you have a Will you are one step ahead of the game. How long ago was this document drafted? Do you remember what your wishes were when you prepared your Will? Do you know where your Will is? Have you got married or divorced? Do you have children now? Have your assets increased or…
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“Many folks think they aren’t good at earning money, when what they don’t know is how to use it.” (Frank A. Clark) Getting rich isn’t as hard as it sounds. Years of consistent, calculated investing are almost guaranteed to fill up your coffers. For many, the trickier challenge is maintaining their wealth. Luckily, it’s not…
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Taking out insurance on someone else’s life might sound a bit macabre. But this is not about secretly taking a bet that someone is going to die soon. Insurers won’t let you take out a policy on a stranger. In South Africa, it is possible to take out a life policy on someone else, provided…
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Imagine two people who both retire with savings of R5 million. Both of them decide to take an income of 5% of their starting capital per year, which would be R250 000. For the first five years, the first investor receives annual returns of 15%, 7%, 0%, -7% and -15%. The second investor gets the…
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