You don’t have to be a high flier to have a foreign currency account or even an offshore bank account, which have now become an easily available and relatively affordable option for South Africans who would like to hold some funds offshore.
Times are tough and even though the inflation rate might be slowing down, prices are still going up. This means your cost of living is only going to increase as the months go by.
Why do you buy the medium-sized coffee rather than the small or the large? Turns out it's all about the "context effect", and it often means that we spend more than we really need to.
Last week I attended the Momentum Risk Summit and one of the things that struck me was the extent to which medical technology will be able to predict our future health outcomes.
Besides the obvious common mistakes, there are several other oversights that investors are unknowingly making that hamper their chances of a decent retirement.
An increasingly common issue in South Africa these days is adult children still being financially dependent on their parents
It can be mathematically proven that pyramid schemes or Ponzi schemes will eventually collapse and leave investors with nothing.
The winds of change, including ageing world population, are causing red flags to flutter and require investors to diversify their approach.
The latest figures from the Old Mutual Savings and Investment Monitor show increasing levels of financial stress, even among high-income earners.
Event risks will come and go, but a well-structured balance sheet should withstand the short-term volatility created by these external events.