HOME / Investing & Money

MARKET CHAOS!


Investing & Money
piece written on the 25th August 2015 by  
Yesterday was one of those days where you just saw RED! The markets really were scary and investors around the world were jumping up and down trying to figure out what's going on. It's always worrying when we see such weakness, but folding to the weakness is normally what gets us in trouble. Of course that's easier said than done, but reflect upon previous situations to try and find some kind of grounding. I think right now we need to keep our eyes to the floor and stay as informed as possible. The last thing we need is a real crash. I've done some reading, specifically about yesterday and here are 5 major facts to consider: The Chinese stock exchange closed 8.5% down - worst since 1997! The Nikkei closed 4.6% down, Hong Kong down 5.17% and Australia down 4.09%...

Continue Reading...

E-TOLLS AND INSURANCE?


Investing & Money
piece written on the 24th August 2015 by  
As a Capetonian, I haven't had to worry too much about E-Tolls. Sure, I've followed the news, I've heard people moaning and I've travelled to Gauteng a few times. I'm fortunate in that it doesn't affect me too much. But I must say, I was interested to read an article the other day on the topic of E-Tolls and insurance. I'm no expert at insurance, in fact, I'm far from that but I cover a lot of topics to do with finances and so I felt I would write about this topic. Situations like this interest me and I always hope that by doing some research and sharing it, that I might assist someone in avoiding a nasty financial situation. I was in a group Skype conversation the other day with some people I know in Gauteng and I was asking them about the topic of E-Tolls and insurance, knowing that ...

Continue Reading...

THE ADVANCES IN MEDICAL TECHNOLOGY


Investing & Money
piece written on the 20th August 2015 by  
Last week I wrote a post on critical illness cover entitled, "Unpicking critical illness cover" and this week I want to continue on the same subject. This is one of those topics that cannot simply be summarised into a single article and we need to look at medical advances and how this supports the need for critical illness cover. As I've been doing work with Momentum I was able to get some commentry from Dr Adela Osman, who is the chief medical officer at Momentum. She said the following, "although sophisticated medical technology and treatments are already available in the health sector, further developments are constantly being made. In fact, there seems to be a shift towards more person...

Continue Reading...

UNPICKING CRITICAL ILLNESS COVER


Investing & Money
piece written on the 13th August 2015 by  
The day that I clicked about how important investing is, is the day I decided to start a journey and whilst walking this road I was going to blog about what I found. It's been an incredible few years, I've received a huge amount of interest from people and I've learnt more than I thought I ever would. Everyone's got an opinion when it comes to investing but there are a few things you just simply cannot ignore regardless of who has said what. I've spoken to some really savvy people, people who say RA's are a waste of time and people who say medical aid is a waste of time. If you're one heck of a good investor, those scenarios are plausible, but if you're a normal person, like me, then thinking that you can out invest medical aid is probably unwise. Another topic that comes along with th...

Continue Reading...

TAX SEASON SOUTH AFRICA 2015


Investing & Money
piece written on the 1st July 2015 by  
That's right folks, it's that time of the year again.. tax season! It's time to get our affairs in order and I've got some bits and pieces to share with you. You should have received an IRP5 from your employer, if not, request one right away. Also, make sure you get a medical aid certificate if you pay your own medical aid, any additional income streams, rental income accounts and tax certificates for any retirement annuities. To start off, I spoke with the Director of TaxTim, Evan Robinson. TaxTim is an online platform that assists people with doing their taxes. Let's face it, doing your taxes is quite a hassle and understanding everything is no easy feat. Evan and his partner created the website to help people with this and they've g...

Continue Reading...

MOMENTUM FINANCIAL WELLNESS WINNERS


Investing & Money
piece written on the 26th May 2015 by  
For those of you who follow my blog, you'll know that I did a series of posts as part of a campaign for Momentum. In this series I covered a number of their new financial products and it was all tied together with an opportunity to win some great prizes. I had such a great time reviewing their suite of tools as I believe that they are truly useful for anyone who wants to make sure that they're handling their finances correctly. The three winners who each won a R250,000 retirement annuity as well as a savings plan worth R30,000 are: Nkanyiso Ntanda, Mark Pillay, Dianna Kerruish. Just a quick refresher of the products that I reviewed during the campaign: MyScore – an online tool that tallies your financial wellness through a ser...

Continue Reading...

TAX FREE SAVINGS ACCOUNTS: FACTS


Investing & Money
piece written on the 8th April 2015 by  
Just over a month ago I published an article on the tax free savings accounts, which painted an initial picture of what they are about. From my research and having spent some time asking around I can tell that people are still not making use of these accounts and most of the reasons are due to a lack of understanding. Here are 5 facts about the tax free savings accounts: You can invest up to R30,000 per year and up to R500,000 i...

Continue Reading...

IT3(B) TAX CERTIFICATE FOR UNIT TRUSTS /...


Investing & Money
piece written on the 23rd March 2015 by  
The world of tax is complicated and getting a thorough understanding of what you pay tax on is not a simple process. Furthermore, finding the most tax efficient way of doing things is even more complex and based on my research, to find someone to assist you is not going to be easy. Unfortunately, these aren't really topics I'm equipped to explain, perhaps one day I will be, but today I want to chat about something else. This evening I received an IT3(b) tax certificate for a unit trust account I have and a friend recently asked me about this so I wanted to do some research on the topic and explain as best as I can as to why you'd receive an IT3(b) tax certificate. Most people know that with Retirement Annuities (RAs) you get a tax break.. you'd fill this out when submitting to SARS or h...

Continue Reading...

TAX FREE SAVINGS ACCOUNTS!


Investing & Money
piece written on the 27th February 2015 by  
With yesterdays budget speech came the announcement of something a lot of us have been waiting for: Tax Free Savings Accounts (TFSA). This is a really great initiative that is going to help the public with saving for retirement. The tax free savings account is exactly what the name says, you can invest your money in a vehicle and you won't pay dividend tax, interest or capital gains tax. That's pretty darn awesome! The only thing you'll pay is estate duties when you pass away. Everyone may invest up to R500,000 for their lifetime, with an annual limit of R30,000 which is roughly R2,500 per month. One of the most important things to note is that if you withdraw money from the account you won't be able to put it back again. The folks over at JustOneLap put together a nice infographi...

Continue Reading...

ANNOUNCING: IFIII


Investing & Money
piece written on the 26th February 2015 by  
If you're a follower of my blog you'll know that I spend 90% of my time working on my company with a great group of people, but in the other 10% I like to build things. You'll also know that I've got a huge fascination with personal finance and the quest to retiring comfortably. I've written an assortment of blog posts on how I've done things, what I'm planning on doing and how I feel people should be doing it based on my research. A few days ago I received a call from a well-known radio station that wanted to interview me live on air to discuss my findings in the financial world. I was really excited but really sad to turn down the offer, I just couldn't commit as someone who has no qualification and therefore cannot legally give advise. I'm not quite sure on the legalities and the dif...

Continue Reading...