Tax year end is fast approaching.
This means, next week Wednesday, your tax breaks for the 2017/2018 year will expire.
Fortunately, it's not too late to maximise all your benefits before you lose them.
But don't worry, because today I'm going to show you how to do this…
Three tax breaks every investor receives
As a private investor you receive three main tax breaks:
... ››› more
I've been looking at ways to reduce my donations to the Nkandla Fund (SARS income tax)…
I have no objection to pay tax - when the government that receives that money makes use of it responsibly. But that's not the case at this stage.
And by putting off paying tax (legally) I can get my money to work for me faster than when I give nearly half of that away to the tax man.
Now instead o... ››› more
Have you ever heard of the saying, “Those who do not remember the past, are condemned to repeat it?”
Well, humans can learn valuable lessons by looking back at historical events, but choose not to.
And in many cases, we tend to repeat history and make the same mistakes.
Think about how many financial decisions we've made that ended up in economic disaster.
For example, the deci... ››› more
In a recent report from ETF.com data released shows that the US have had $250 billion worth of cash inflows into ETF's during 2017 alone!
According to an estimate by The New Yorker, around 20 percent of the market in the US is made up out of JUST ETF's.
And “When you factor in “closet indexing”—when individual or institutional investors pursue indexing strategies without declaring... ››› more
It's never too early to start planning for retirement. And this means thinking somewhat differently about retirement planning for your later years.
Have you ever stopped and asked yourself these questions?
1. How much will I need to save for retirement in order to live comfortably?
2. What are my retirement goals?
3. When should I start?
4. What should I do?
5. What costs might I... ››› more
In 1995, SARS collected just over R127 billion in tax revenue.
Today, that figure stands at R1.14 trillion.
By 2018, SARS aims to collect R1.26 trillion in tax revenue.
In short, SARS is coming after more of your money.
And they will do everything in their power to get their greedy hands on as much of your money as possible.
But what if I told you…
Th... ››› more
It's coming to that time of year when many people may have an end of year bonus to look forward to.
Whilst your first thought may be to go out and splash it, you should resist the temptation.
So what should you do with your bonus instead?
Read on to find out…
What you can do with your bonus
There are definitely ways you can put your bonus to better work than splashing it on u... ››› more
I've spent days, weeks and even months researching all sorts of crazy passive income ideas. One thing that I've learnt is that it really is possible to make money while you sleep.
To create streams of passive income, you should spend very little time setting up the income stream and sit back and watch as your bank account grows. It really is possible.
Passive income is not a dream or a my... ››› more
You won't have enough money to retire.
I know I sound like the harbinger of doom, but it's a reality that you and most South Africans need to face up to.
Now you might be asking, why am I saying this about you? Well, I am only looking at the statistics.
The Financial Planning Institute of South Africa says less than a quarter of South Africans can afford to retire. If you think that's ... ››› more
Earlier this week I spoke to a new parent who only earns R8,000 a month. With a three month old baby, she was concerned that she wouldn't have enough money for her child's education when the time came to send the child to school.
She could only afford to save R1,200 a year for her child's education and put her first lump sum savings into a 32 day savings account that gave her a measly 5% inter... ››› more
The other day, while making my morning coffee, a work colleague asked me about an opportunity to earn an 11.5% return on a fixed-term bond investment.
And she wasn't talking about RSA Government Retail Bonds. She was talking about investing in a Participation Bond Fund, specifically the FedGroup Participation Bond Fund.
When you invest in a Participation Bond Fund, money is pooled with oth... ››› more
When I look at the financial education I received at school and university, I always wonder how different my life would be today if I had better quality information.
Where would you be if your teachers, parents and mentors taught you more about managing money, the stock market, investing, savings and general day-to-day budgeting?
How different would your life be today?
Let's take a clo... ››› more
If the statistic that 50% of all marriages end in divorce is accurate, it means that South African couples need to pay close attention to the way they manage their finances.
Whether you're just starting out or already in a steady relationship, you and your “better” half must manage your finances effectively so that it doesn't destroy your relationship.
To help you succeed, I've found f... ››› more
Just imagine the shock I got when I read that, “59% of TFSAs have been opened at banks, and the majority of investments are in cash.”
Really? Cash investments? That really worries me.
Think about this…
Investing in a tax-free deposit account from the major South African banks will give a return between 6%-8%. But consider that inflation is sitting at 6.1% and not going to stop th... ››› more
According to biomedical gerontologist, Dr Aubrey De Grey, the next person to live to the ripe old age of 150 has already been born.
What if that's you?
What if you live till 80 or 100? Will you have enough money to last you that long after you retire?
Ten or twenty years ago, collecting your last paycheque at the age of 65 was a reasonable expectation. But as life expectancy and the co... ››› more
It's simple, lending money to government is a guaranteed income bearing investment.
Most investors fail to recognise the value in this form of investing. Yet, it's hugely important if you want to bank more than just capital profits on your investments.
If you lend money to someone, you want to know that you're lending it to a person who can pay it back, along with the interest you charge.
... ››› more
If you think that you're too broke to start investing your money, then you've been misinformed. It is possible to start growing your wealth with as little as R500 ever single month.
Despite what most people think, you don't have to have millions in the bank to invest your money. There are exciting new platforms that you can use to invest with as little as R100.
Of course, R100 gives you ve... ››› more
There are so many things you need to consider when planning for your retirement.
Of course, there's the obvious retirement planning concerns, like how much you earn and how much debt you have but there are other factors that could leave you scrambling around trying desperately to build up your retirement savings.
To help you prepare for your retirement, I've found 20 of the most common ret... ››› more
Remember to fill your tank on your way home from work tonight. Due to the weakening and the price increase of petroleum related products on international markets, the price of petrol is increasing at midnight tonight.
The petrol proce will increase by 52 cents a litre and the diesel price will rise by 76 cents tomorrow. As long the rand continues to weaken against the dollar, you can expect th... ››› more
“The rand could hit R60 to the dollar by 2019: Chris Hart” - Business Tech
“Chris Hart: Nothing can prevent SA's slide to junk” - Fin24
I spoke to Chris about his recession and junk status predictions at the South African Investor member meeting on 24 May 2016. I asked him if he was misquoted in the media. However, he was adamant that he is right about these predictions.
One of the... ››› 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.