As your wheel of life turns, your financial needs, goals and focuses change. When you start working, you’re absorbed by accumulating assets. Later, as you near retirement, your focus shifts to wealth preservation. And eventually, when you’re settled and comfortable in your golden years, the transfer of wealth becomes your number one priority. It goes…
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“There is no pebble so small that it won’t make ripples when tossed into a body of water.” (Charles Peck) In a recent blog post, financial writer Morgan Housel made an interesting observation. He wondered what would happen if people invited public scrutiny of the way they went about trying to find love: “Imagine if,…
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“Change is not a gate we pass through; it is the definition of life.” (Millie Florence) The good Supporters of the change believe that introducing an accessible savings pot can provide salvation for those in financial crises, like the one caused by the Covid pandemic. It will help people to avoid debt and prevent people…
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According to the Cambridge Dictionary, a gambler is “a person who risks losing money in the hope of winning a lot more money.” An investor, on the other hand, is defined as “a person who puts money into something in order to make a profit.” Several pots on the boil One of the biggest differences…
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“Opportunity is missed by most people because it is dressed in overalls and looks like work.” (Thomas Edison) According to the most recent Forbes 400 list, which names the richest people in America, hedge fund manager Ken Griffin is worth $35 billion. That makes him the 22nd richest person in the US. He is also far…
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“We cannot reason ourselves out of our basic irrationality. All we can do is learn the art of being irrational in a reasonable way.” (Aldous Huxley). The madness of crowds None of us are rational investors. We’re humans – fuelled by fear, overconfidence, and sometimes greed – to survive. Psychologists have long argued that we…
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“What we believe is heavily influenced by what we think others believe.” (Thomas Gilovich) Do you remember 2017? It wasn’t that long ago, but few of us can probably recall what markets did that year. For the record, it was a great year for stock markets. The JSE All Share Index was up 21%. The…
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Chances are you think you make rational decisions – about investments and about life. But science has shown that this is not the case. Accepting that you are not a rational investor is one of the first steps to achieving investment success. B is for bias Broadly speaking, there are two types of bias. Are…
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Wealth buckets Property is one of several asset classes, the others being equity (shares or unit trusts), cash-related products (like money market products), and bonds. Here are some of the most important benefits of investing in property: What about the downsides? Property investment also involves risks and challenges, such as finding suitable tenants, dealing with…
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Many South Africans are tempted by the prospect of investing in property overseas. Earning a rental income in foreign currency is seriously appealing. It may also be reassuring to know you’ve got somewhere else to live if it ever comes to that. But it’s essential to understand that you don’t immediately have residential rights in…
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