Five investment analysts from FNB Wealth give their top stock picks for those wanting to put some money into equity markets. Last year was a tumultuous year in global equity markets, and while the JSE eked out a positive return in rand terms, it...
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Listen: Consider the post-retirement impact of your investment strategy
In this podcast, I chat to certified financial planner Wynand Gouws, wealth manager at Gradidge Mahura Investments and author of To 100 and Beyond. He argues that a retirement strategy aimed at optimising only pre-retirement tax savings is short...
Understand what debt counselling means
Capitec recently sent out a warning to its customers about false advertising by certain debt counselling companies. The warning stated: “Have you ever been promised immediate debt relief or a payment holiday that doesn’t affect your credit score?...
A high-risk car will cost you more
The type of vehicle you buy not only affects the likelihood of you being a victim of crime, but also the amount you pay in insurance, so think twice before buying a high-risk car. The Crime Statistics report released in October this year found that...
The implications of an unsigned will
Only around 30% of people who write up a will actually sign it, but an unsigned will can cause major family dramas. The only things certain in life are death and taxes, as Benjamin Franklin famously said. We will all die at some point, and when we...
Does your husband’s bae qualify for his retirement benefit?
There has recently been some social media chatter where aggrieved wives are complaining that the girlfriend of their deceased husband has been paid out a portion of his retirement benefit. In one case the girlfriend was married to another man yet...
Check whether that tracing agency is legit
My husband recently received an SMS from a tracing agency to say that there was an unclaimed benefit from his late father’s pension fund. Our first reaction was that this must be a scam. His father had retired from the fund over 30 years ago. But...
Don’t become a money mule
TymeBank is cautioning customers and consumers in general not to let other people use their bank accounts, even if they are promised payment in return. If you do, you may be considered a “money mule”. “There’s a risk that you may be helping...
The 12-month financial plan
If you've decided that 2023 is the year to take control of your finances, try this 12-month financial plan to get your financial life into shape. The biggest mistake we make when it comes to our financial goals is that we make big resolutions like...
Our favourite reward programmes
Clicks dominates, but for lower-income earners, Shoprite and Capitec are the favourite reward programmes. Clicks ClubCard is the most used loyalty programme in South Africa, according to the 2022 Truth & BrandMapp Loyalty Whitepaper. The...
Previous Articles
A different take on gift-giving
Nic Horn, Director and Regional Head at Citadel, suggests that families take a different approach to gift-giving this festive season. The festive season is typically a time of frivolous spending, but there are some families that use this time of the year to improve...
Failing to plan: a recipe for disaster
People with lower incomes who plan properly are more financially secure than those earning higher salaries but failing to plan. Each year, I am involved in the Money Makeover Challenge, in association with City Press and Absa. It is a highlight in my calendar as it...
Listen: Find the courage to change your financial situation
2022 Money Makeover runner-up Zinzy says that when she entered the money bootcamp six months ago, she needed to find the courage to have difficult discussions with people who owed her money. In this podcast discussion, Maya (@mayaonmoney) is joined by both Zinzy and...
Social media investment scams: don’t get caught out
Recently, fraudsters impersonated my social media profile. They used a slightly different spelling of my handle and copied my social media page, making it identical to my legitimate page. The only way you could tell the difference is that the fake profile had far...
A monthly fee for financial advice
Doshguide is a new financial advice platform that charges a monthly fee to help you navigate major financial decisions. The first time I engaged with my financial planner I spent my time searching for elusive pieces of paper and trawling my inbox for financial...
Video: How we sabotage our retirement
For most of us, retirement is one of our most important goals. Putting away money for our retirement is probably the biggest investment we will make in our lifetime, yet we find so many ways to sabotage our retirement goals. The most common mistake is cashing in our...
GEPF revises resignation benefit
On 1 November, the Government Employees Pension Fund (GEPF) revised its actuarial factors. This will have an impact on the resignation benefit of members, in calculation of a divorce order, or for members who exit the fund with fewer than 10 years of pensionable...
Listen: Six months to turn you finances around
It is possible to fix your finances in just six months. The Money Makeover Challenge has proven this over and again. The stories from the candidates who enter the Challenge are testament to the fact that financial freedom is not about miracles. It is about having a...
A guaranteed annuity can offer real value
One of the most difficult decisions for a new retiree to make is whether to use their retirement fund to buy a guaranteed annuity (also called a life annuity) or to invest in a living annuity. With a guaranteed annuity, you are unable to leave money for your heirs....
Video: An underwritten life policy is cheaper
If you are a generally healthy person, one of the ways to reduce the cost of life cover is to ensure that your policy is underwritten. You will know if your policy is underwritten if you were required to answer lengthy questions about your health and lifestyle and had...