I recently came across the Nedgroup ‘robo-advice’ site, called Extraordinary Life. This new functionality from the Nedgroup investment house has not been widely advertised, and I suspect they are doing a ‘soft’ launch to test the channel first. The...
By Emma Heap, Chief Growth Officer, 10X Investments Even if you feel a tinge of anxiety each time you see another news report about the damage high fees have done to someone’s retirement plans, you remind yourself that your financial adviser is an...
What Retirement Benefits Counselling would mean to retirement fund members and the financial advice industry. For years I have been calling on the retirement fund industry to provide financial education to their members. This is a...
By David Thomson, Senior Legal Adviser at Sanlam Trust Whether you are a godparent or you’ve asked someone else to be your child’s godparent, do you have clarity on what the term actually means? There is a critical difference between a godparent...
Forget retirement and start thinking out of the box! The latest Sanlam Benchmark Survey on retirement reveals that the average retirement savings balance for a person of the age of 37 is only R90 000, and the average for millennials (people between...
A reader recently wrote in, asking whether it would be better to pay for her child's university education from her access bond, or to take out a student loan. A student loan can be very cost effective and in most cases, you would be paying around...
I recently had a very interesting conversation with Lourens Coetzee of investment company Marriott, who said that the industry is coming to the realisation that retirement, in the way that we currently understand the concept, is no longer feasible....
There is always a frenzy to devour and dissect Warren Buffett’s shareholder letter and extract the freshest pearls of wisdom. This year was no exception, even though the pickings seemed a bit slim. On more leisurely reading, says Steven Nathan, 10X...
If you’ve decided that 2018 is the time to get your finances under control, try this month-by-month plan so that your finances and admin are all up-to-date by the end of the year. January: Update your budget and plan for expenses Write up a budget....
Sunel Veldtman, financial planner and founder of Foundation Family Wealth shares her advice to ex-spouses who have made career sacrifices for their family. Too many times I’ve sat across the table from a sobbing woman going through a divorce....
How do we prepare our children, and our finances, for the fourth industrial revolution? I was chatting to a couple of financial planners about how clients save for their children’s tertiary education. It was no surprise to discover that most people are completely...
Discovery Life has launched a Global Education Protector policy which could help fund your children’s education costs. Education is expensive. Currently, average tuition fees across public primary schools sits at around R20,000 per annum while the private schooling...
In late August I attended the Allan Gray Investment Summit which brought together a range of investment professionals. Most of the day was dedicated to experts discussing investment strategies and their top share picks. But it was the final speaker of the day, Morgan...
By Kezia Talbot, Legal Advisor and Remay de Kock, Legal Adviser at BDO SA. It is officially National Wills Week. Wills can get quite tricky – there are several common mistakes that are made when drafting a Will that can have a serious impact on your wishes. One of the...
Finding a balance between market returns and a guaranteed income in retirement When you retire from a pension fund or a retirement annuity fund, you are only allowed to take one-third of the value of your fund in cash; the remaining two-thirds must be invested into an...
Women remain financially vulnerable, and it’s time we did something about it. I was reading recently that women are tired of being spoken to differently about finances – treated as if they are different from men. This is an important point. There is nothing that...
Marilyn Monroe, Marla Maples, Michelle McGee, and Kristen Stewart – all successful women in their own right, with one controversial commonality – they were mistresses to married men. The term ‘mistress’ is an inflammatory one – a name as complicated as its legal...
If you want to draw down on the equity built up in your property, you may be in for a nasty surprise. Paragon Lending Solutions recently issued a press release warning investors and small business owners that if they try and access additional capital through their...
Most parents want their children to be financially secure and to live better lives than they were able to ‒ lives without financial stress. Parents also want to be able to leave their children a financial legacy that will provide for intergenerational wealth. This...
In recent weeks, investors have been on a President Zuma-fuelled rollercoaster ride as market valuations and currencies reacted to the political and economic fallout of the Cabinet reshuffle. Everyone is trying to figure out what this means for the markets, but this...