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
What if I told you there's a simple way to knock six years off your bond repayments and save R302,084.63. in the process?
Would you believe me if I told you that you can pay your bond off faster, without increasing the amount you pay each month?
In fact, you won't have to make any drastic changes to your lifestyle at all. I've found a special solution to help you do just that. Just wait un... ››› more
Since the South African reserve bank decided not to increase interest rates again, you have a brief moment of relief to make sure that you get your financial house in order before the next rate hike. Now is the time to be more frugal with your money. It's not the time to make more debt or increase your spending.
The challenges for consumers in 2016 are far from over. No one know if the reserve... ››› 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
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
Every day I meet new people who continuously worry about the markets trampling on their investments. People feel anxious that investing won't give them enough to survive.
You see, retirement plays on most people's minds. And in today's times, the sad thing is, a retirement annuity isn't enough to retire comfortably and support your family.
What it really comes down to is answering these two ... ››› more
Regularly putting money aside into savings is a habit you should try to form as early as possible. If you haven't got any money in savings, it's time to start.
So what sort of things should you consider when saving?
Read on to find out more…
Ensure you regularly put money into your savings
The biggest problem many people have is not putting any money into savings in the first pl... ››› more
The South Africa Reserve Bank will announce its first interest rate decision for the year on Thursday.
In the build up to the announcement, many economists were expecting the Reserve Bank to leave interest rates unchanged.
In November last year the decision by the Reserve Bank brought the repo rate (the rate banks lend to one another) to 6.25% and the prime lending rate to 9.75%.
So what ... ››› more
I often hear people say, “Just do it, you only live once.” I cringe when I hear this…
You: “I really want that new S-class Mercedes Benz but I don't think I can afford it.”
Friend: “Go for it, you only live once.”
Yes, do it! You'll end up paying for that S-class for the rest of your life. You'll live hand to mouth while the car depreciates in value and you and your family a... ››› more
Savings are an important part of your personal finances. It's important to build up savings over the years. The earlier you start, the quicker you'll achieve your savings goals.
You should have different purposes for different savings.
So how should you deal with your savings?
Read on to find out…
Different types of savings
As part of your financial planning for the future, yo... ››› more
Financial planning involves everything from having adequate insurance cover to preparing for your retirement.
Having adequate savings is a cornerstone to successful financial planning.
So what are your options when it comes to saving? And how can you make it work for you?
Read on to find out…
Why savings are such an important aspect of financial planning
Savings are cru... ››› more
If you're looking for a way to save that's unique to South Africa, you have to consider a stokvel.
So what is a stokvel? How do they work? And how can you use one to save?
Read on to find out more…
What is a stokvel?
A stokvel is a club consisting of 12 or more people where each member contributes a fixed amount of money on a regular basis, explains Wikipedia. Its origins date bac... ››› more
Throughout my journey in London the one thing I noticed is there's tons of construction happening every day.
Everywhere you look, you'll see massive cranes, construction workers and buildings being revamped.
My first thought was that surely with all this construction, you'd need to have powerful electricity grid.
Back in South Africa, where power outages are basically a common occurrence, ... ››› more
Financial planning involves all aspects of money management for today and for your future.
Everyone needs to support themselves. This involves buying food, paying rent or a bond, and putting petrol in the car.
But once you get your essential spending done, you should be putting your money into savings and investing the rest.
So what is the difference between savings and investing?
Let'... ››› 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.