Financial planning is personal for everyone, but there are particular factors that make it especially important for women to take ownership of their financial futures. In this article, we explore why women need to think differently about their financial futures than men. And we provide some suggestions for what women should look for when choosing a financial adviser.
Need to Know: Annualised Returns Versus Internal Rates of Return.
When you have your reviews with us, you’ll likely be told about the Annualised Rate of Return (ARR) and Internal Rate of Returns (IRR) of your investments.
Do You and Your Partner Share the Same Money Values?
Money can be one of the most contentious issues in a relationship. Yet often couples don’t think about where they agree about financial matters and where they don’t.
“Both optimists and pessimists contribute to society. The optimist invents the aeroplane, the pessimist the parachute.” (George Bernard Shaw)
In this article we look at why both optimism and pessimism are important characteristics for any investor.
If you’ve created wealth using Pension and Provident funds and/or Retirement Annuities and are nearing retirement, you’ll need to decide what you’re going to do with the funds to provide you with an income in your golden years.
It’s normal not to want to prepare an antenuptial contract, as it feels like you’re preparing for divorce – absolutely the last thing you want to think about when you’re caught up in the thrill of planning a wedding.
Read on for an overview of the choices available to you – and their financial consequences.
Money can be one of the biggest sources of conflict in a relationship. When partners disagree about how to manage their finances, what to spend on, and how to save, it can create tension that is very difficult to resolve.
Being able to communicate honestly and openly about money should therefore be foundational for any couple. It should be something that is prioritised from the start.
Albert Einstein called the magic of compound interest, “the eighth wonder of the world”. He famously stated that “he who understands it, earns it, and he who doesn’t, pays it.”
In other words, compound interest is great when you’re investing and terrible when you’re borrowing.
This article looks at six common barriers to the creation of wealth. Fortunately, all six pitfalls are easy to avoid – it just takes discipline.
We all have a tendency to overestimate our abilities. A lot of the time, this is a good thing. Without any self-confidence, we would struggle to ever find a partner, apply for a job, or try a new hobby.
But there are also times when overconfidence has hazardous results – when we think we know things that we don’t actually know, or believe we know something others don’t.
In this article we look at why this is particularly perilous when it comes to our money and give a very pertinent real-world example.
The South African economy represents less than 1% of global economic activity and returns on local equity have been average over the last few years.
Investing offshore – over and above the contributions to your local retirement fund – is crucial. A healthy portfolio should be split across regions and currencies to hedge against the depreciating rand, and to gain from higher economic growth in other jurisdictions. But with Regulation 28 blocking the way, what other options do you have?
This month we explain how endowments work.
What do you think of when you hear the word ‘fire’? Smoke and helicopters, the sound of a gun? The feeling in the back of your throat when you take a sip of whisky? Maybe even being fired in a recessionary economy? All pretty negative stuff, apart from the whisky…
But we’re not talking about actual flames. FIRE is an acronym for Financial Independence, Retire Early. It’s about maximising your saving power through reduced spending, greater earnings and wise investment. Read on to find out how it works.
We spend our working lives making sure that we save enough for our retirement. But if we’re unlucky enough to retire just before a market crash, this can throw our planning into disarray.
That is because a big drop in our retirement capital in the first few years of retirement will have a lasting impact. In investment terms, this is called “sequence of return risk” – the risk that bad returns at the wrong time can be especially painful.
More and more people are becoming aware of the importance of financial wellbeing. Just like it’s necessary to look after your physical health, it is critical to be proactive about taking care of your financial health as well.
In Women’s Month, it’s worth considering why this is a particularly important topic for women. Often, they find it harder to take care of their financial wellbeing because of the different demands on their money and their time.
In this article we look at what makes financial wellbeing for women so important and examine three ways they can move towards a healthier relationship with their money.
Many people find budgeting a turn-off. They don’t want to keep track of every rand they spend. They find it limiting, and an administrative hassle.
For those women who already shoulder most of the responsibility for running a household, this can be particularly true. They don’t want to add anything extra to the long list of things they already need to take care of.
Having a simple approach to running a ‘spending plan’ rather than a strict budget can therefore be quite liberating for many people. Read on to discover a simple approach to getting this right.
If you’re an entrepreneur, you’re likely to be an optimistic risk taker and may believe that the proceeds from the sale of your business will suffice as retirement capital.
The harsh reality is that not all businesses have a happy ending.
Although drive, motivation and a propensity for risk are great for growing a business, they don’t always translate into sound retirement planning.
Diversifying your assets is a great way of insuring against the possible decline of your business, or the inability to sell it when you need to.
Generations of financial planners have advised their clients to use the 4% rule when planning retirement withdrawals. But is it still relevant today?
This article explains that, while the 4% rule can be a good way to think about how much you will need to save for retirement, it can never replace a proper financial plan.
Like most rules of thumb it’s not completely worthless – but it’s also not the answer to a happy and prosperous retirement. Planning your retirement is probably the biggest financial decision you’ll ever have to make so please do consult a qualified financial planner.
The theme for International Women’s Day 2021 is “Choose to Challenge”.
In this short video, Chrome explores the 8th wonder of the world – Compound Interest.
When dealing with an institution that provides you with advice, there are certain documents and information that needs to be disclosed to clients prior to the establishment of a relationship between a client and the institution.
Financial planning is personal for everyone, but there are particular factors that make it especially important for women to take ownership of their financial futures. In this article, we explore why women need to think differently about their financial futures than men. And we provide some suggestions for what women should look for when choosing a financial adviser.
Need to Know: Annualised Returns Versus Internal Rates of Return.
When you have your reviews with us, you’ll likely be told about the Annualised Rate of Return (ARR) and Internal Rate of Returns (IRR) of your investments.
Do You and Your Partner Share the Same Money Values?
Money can be one of the most contentious issues in a relationship. Yet often couples don’t think about where they agree about financial matters and where they don’t.
“Both optimists and pessimists contribute to society. The optimist invents the aeroplane, the pessimist the parachute.” (George Bernard Shaw)
In this article we look at why both optimism and pessimism are important characteristics for any investor.
If you’ve created wealth using Pension and Provident funds and/or Retirement Annuities and are nearing retirement, you’ll need to decide what you’re going to do with the funds to provide you with an income in your golden years.
It’s normal not to want to prepare an antenuptial contract, as it feels like you’re preparing for divorce – absolutely the last thing you want to think about when you’re caught up in the thrill of planning a wedding.
Read on for an overview of the choices available to you – and their financial consequences.
Money can be one of the biggest sources of conflict in a relationship. When partners disagree about how to manage their finances, what to spend on, and how to save, it can create tension that is very difficult to resolve.
Being able to communicate honestly and openly about money should therefore be foundational for any couple. It should be something that is prioritised from the start.
Albert Einstein called the magic of compound interest, “the eighth wonder of the world”. He famously stated that “he who understands it, earns it, and he who doesn’t, pays it.”
In other words, compound interest is great when you’re investing and terrible when you’re borrowing.
This article looks at six common barriers to the creation of wealth. Fortunately, all six pitfalls are easy to avoid – it just takes discipline.
We all have a tendency to overestimate our abilities. A lot of the time, this is a good thing. Without any self-confidence, we would struggle to ever find a partner, apply for a job, or try a new hobby.
But there are also times when overconfidence has hazardous results – when we think we know things that we don’t actually know, or believe we know something others don’t.
In this article we look at why this is particularly perilous when it comes to our money and give a very pertinent real-world example.
The South African economy represents less than 1% of global economic activity and returns on local equity have been average over the last few years.
Investing offshore – over and above the contributions to your local retirement fund – is crucial. A healthy portfolio should be split across regions and currencies to hedge against the depreciating rand, and to gain from higher economic growth in other jurisdictions. But with Regulation 28 blocking the way, what other options do you have?
This month we explain how endowments work.
What do you think of when you hear the word ‘fire’? Smoke and helicopters, the sound of a gun? The feeling in the back of your throat when you take a sip of whisky? Maybe even being fired in a recessionary economy? All pretty negative stuff, apart from the whisky…
But we’re not talking about actual flames. FIRE is an acronym for Financial Independence, Retire Early. It’s about maximising your saving power through reduced spending, greater earnings and wise investment. Read on to find out how it works.
We spend our working lives making sure that we save enough for our retirement. But if we’re unlucky enough to retire just before a market crash, this can throw our planning into disarray.
That is because a big drop in our retirement capital in the first few years of retirement will have a lasting impact. In investment terms, this is called “sequence of return risk” – the risk that bad returns at the wrong time can be especially painful.
More and more people are becoming aware of the importance of financial wellbeing. Just like it’s necessary to look after your physical health, it is critical to be proactive about taking care of your financial health as well.
In Women’s Month, it’s worth considering why this is a particularly important topic for women. Often, they find it harder to take care of their financial wellbeing because of the different demands on their money and their time.
In this article we look at what makes financial wellbeing for women so important and examine three ways they can move towards a healthier relationship with their money.
Many people find budgeting a turn-off. They don’t want to keep track of every rand they spend. They find it limiting, and an administrative hassle.
For those women who already shoulder most of the responsibility for running a household, this can be particularly true. They don’t want to add anything extra to the long list of things they already need to take care of.
Having a simple approach to running a ‘spending plan’ rather than a strict budget can therefore be quite liberating for many people. Read on to discover a simple approach to getting this right.
If you’re an entrepreneur, you’re likely to be an optimistic risk taker and may believe that the proceeds from the sale of your business will suffice as retirement capital.
The harsh reality is that not all businesses have a happy ending.
Although drive, motivation and a propensity for risk are great for growing a business, they don’t always translate into sound retirement planning.
Diversifying your assets is a great way of insuring against the possible decline of your business, or the inability to sell it when you need to.
Generations of financial planners have advised their clients to use the 4% rule when planning retirement withdrawals. But is it still relevant today?
This article explains that, while the 4% rule can be a good way to think about how much you will need to save for retirement, it can never replace a proper financial plan.
Like most rules of thumb it’s not completely worthless – but it’s also not the answer to a happy and prosperous retirement. Planning your retirement is probably the biggest financial decision you’ll ever have to make so please do consult a qualified financial planner.
The theme for International Women’s Day 2021 is “Choose to Challenge”.
In this short video, Chrome explores the 8th wonder of the world – Compound Interest.
When dealing with an institution that provides you with advice, there are certain documents and information that needs to be disclosed to clients prior to the establishment of a relationship between a client and the institution.
