Personal Finance
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3 September 2024
anemptytextlline
Retirement is a major life transition where emotional and behavioral biases can significantly impact investment decisions, often leading to fear-driven and irrational choices. By addressing common biases like overconfidence, loss aversion, and regret aversion, and by setting up a long-term strategy, retirees can better navigate their financial future. -
15 July 2024
anemptytextlline
South Africans are struggling to save for retirement, prompting a shift to a two-pot system for retirement funds starting 1 September 2024. This system splits contributions into a savings pot and a retirement pot, with financial advisers playing a crucial role to secure their long-term financial well-being. -
12 June 2024
anemptytextlline
Graduating marks the beginning of an exciting yet challenging phase where financial independence demands careful budgeting and responsibility. Prioritizing an emergency fund is crucial to cover unexpected expenses, followed by long-term investments such as tax-free savings accounts for future security. -
15 May 2024
anemptytextlline
The recent changes allowing higher allocations to private markets and hedge funds within South African retirement funds reflect a growing trend in alternative investments that could directly impact your retirement strategy. These shifts open doors for potentially higher returns and improved portfolio diversification, which are crucial considerations for anyone planning their retirement journey. -
14 May 2024
anemptytextlline
Asset management and wealth management are key terms in the financial services industry. While all investors benefit from professional advice, wealth management is geared towards individuals with larger and more complex portfolios, offering comprehensive financial planning beyond just investment management. -
1 February 2024
anemptytextlline
Beyond tax relief, RAs offer tax-free growth, creditor protection, forced savings, and flexibility, making them a versatile and secure option for your retirement planning.
