Rich South Africans pay expensive lawyers, accounts, tax planners and investment managers to ensure they legally pay as little tax as possible.
Now I know what you're thinking: “That's great, but not everyone can afford these expensive advisors.”
Well I've got good news for you: You don't need the help of expensive accountants, tax advisors or investment managers. Because all the tax inc... ››› more
The cost of funerals in South Africa is quite expensive. As a result, when family members die, those left behind are often left with a serious financial burden. Funeral costs can reach tens of thousands of rands leaving the family member responsible for the burial no choice but to take out a loan or pay with a credit card.
Clearly, this isn't an ideal situation, especially for households with ... ››› more
Wouldn't you like to pay your house off six years earlier and save R500,000 in the process?
Just imagine the freedom you'll have knowing you've conquered one of your largest debts.
If you can beat your biggest debt, the smaller ones will feel like nothing!
Well, today I've found a special solution to do just that - without changing your lifestyle.
But wait… I haven't even told you ho... ››› more
A couple of weeks ago, I went to a car auction. I saw people snatching great car deals that even baffled the commission-incentivised auctioneer! Some of the cars were literally selling for about half of what I knew the retail value to be. I was stumped... I know they say “In war, there are no winners”… But believe me, after what I saw - in bidding wars - there certainly are. Today I'll reve... ››› more
If you know just a few simple tricks you can take control of your own retirement back from your financial advisor - and save a small fortune in fees at the same time. Today, Aiden Sookdin speaks to the experts and explains exactly how to set up your own fool-proof retirement savings plan - DIY style. It's a lot easier than you may think. Just follow this simple four-step plan and you'll be well on... ››› more
Eskom's admitted that it's struggling to keep the lights on. Existing power stations don't produce enough power to support demand.
The coal industry and leading mining media are not convinced that Eskom will get enough coal to run its power stations.
When this happens, the blackouts we know so well will get worse. And we'll be paying Eskom even more because tariffs are constantly increasing.... ››› more
According to Bloomberg, a whopping 8 out 10 new businesses FAIL in the first 18 months.
But there's a special kind of business model that has a 90% chance of success.
Here's how you can be a part of the right statistic…
A fundamental reason why ordinary start-ups fail is because they go into it alone. The lack of expertise, experience and funding ultimately cripples these entrepreneurs... ››› more
Do you know your magic number?
It's the number you need to retire one day or simply to live the lifestyle you want in say, the next 10 years?
It's a fact that by the time a person reaches retirement, sixty percent will not have enough money to live on.
If you're like me, I'm sure you don't want to be part of this statistic and even if retirement seems a long way off, maybe you're more ... ››› more
It started out as an informal short-term savings scheme in the 1800s. Since then it has evolved into a R49 million investment vehicle that services about 8.6 million South Africans.
This revolutionary system allows people to save money for groceries, school fees, funerals and even lavish holidays. With a minimum of 11 savers in each group, this underground system encourages trust between membe... ››› more
To find out if trusts can help you protect your family's financial situation after you're gone, Aiden Sookdin spoke to one of the foremost trust experts in South Africa, Albert Vorster, Senior Fiduciary Specialist at Momentum Trust Limited. Here's what you need to know...
Albert agrees that trusts are still relevant for effective estate planning, asset protection and generational continu... ››› more
Last month, I had the privilege of speaking to Gary Booysen as we prepared our articles for The South African Investor publication.
I was fascinated by the history lesson Gary gave me about the evolution of the hedge fund industry. I realised that the investment world is riddled with complex structures, obscure products, puzzling regulations and often downright confusing terminology.
But, ... ››› more
I probably learned more from my mother's retirement experience than anyone else's. When she retired, she wanted security, lived austerely, but had no idea whatsoever of enhancing value.
And therein lay the disaster. My mother sold her home, moved into a seemingly more secure rented complex, and placed all financial resources into a low interest bearing building society account in an extremely h... ››› more
No matter what you financial situation is, there's nothing more devastating than seeing the Sheriff auctioning off your business, home and other assets because you lost your job or a business venture you put your heart, soul and life-savings into went bad.
That's why it's vitally important to make sure your assets are protected from creditors in the event of any unforeseen eventuality like inso... ››› more
So, you think that during retirement you can rely on your investment income to keep you going. Well, what if you find yourself dipping into your actual investment capital to make ends meet?
The danger is, each time you take cash from your investments, there's less capital invested to generate income.
That's why today, I want to show you how an ultra-low risk investment to help you generate... ››› more
Unit trusts are solid investments. They deliver safe, long-term gains and take the worry of investing your money off your shoulders.
But what makes a good unit trust?
Let's take a closer look at what you should be looking for when deciding on a unit trust investment.
It all starts with what you want...
Before you invest in anything, you need to know what you expect to achieve from ... ››› more
Disclaimer Note that FSP Invest, a division of Fleet Street Publications (Pty) Ltd, is a research house and not a registered broker, financial advisor or financial service provider. Our editors and customer services teams also do not give personal investment advice. The advice in this website is general advice only and may not be appropriate to your particular investment objectives, financial situation or particular needs, so before investing or if in any doubt about your personal situation, you should seek professional advice from a stockbroker or independent financial adviser authorised by the Financial Services Board.
We research our recommendations and articles thoroughly, but disclaim all liability for any inaccuracies or omissions found in this publication.
Remember: Never invest more than you can afford to spare and that the value of any investment, and the income derived from it, can go down as well as up. The past is not necessarily a guide to future performance.
Editors or contributors may have an interest in investments commented on in this newsletter. However they have signed restraints to prevent the abuse of their position as contributors to this publication.