DIY Investing and the value of financial advice

admin Investing, Lifestyle, Planning

Do-it-yourself (DIY) investing in South Africa has surged in popularity – especially over the last 12 months. Cost-effective online trading and investment platforms, like EasyEquities, is one of the key-drivers behind this trend.  According to the interim results published by Purple Group, the owner of EasyEquities, platform assets grew to R26.9 billion – a year-on-year increase of 70.3%. EasyEquities now …

Not so equal distribution

admin Investing

Andrew Bradley, CEO, Fiscal Private Client Services The Tokyo 2020ne Olympics has come and gone. It will always be remembered as the pandemic games. Much has been said about whether it should have gone ahead at all. One fact is without question – there have been many dynamics that have had a huge impact on performances. What was startling was …

The True Cost of Financing a Car Purchase – Opportunity Cost

admin Investing

Gavin van Dyk, CFP and Director at www.Fiscal.co.za In a recent article in TopAuto, “How much you need to earn to drive an “average” new car in South Africa”, it was stated that the average price of a new car financed through Wesbank in January 2021 was R358 390. An important key to financial success is to manage your lifestyle costs and …

With the world on fast-forward we cannot afford to be left behind. We need new social contracts that bring new options and better solutions

admin Investment, Lifestyle, Planning

When will our lives get back to normal? They won’t, because normal was the problem. Our lives function on social contracts between citizens and their government. These are broken. They have been for a while. It has nothing to do with the coronavirus. This has been developing for a few years. The world needed change on many fronts. The pandemic …

Old-gen vs new-gen RAs, and why they matter

admin Investment, Lifestyle, Planning

An old-generation retirement annuity fund (RA), which is policy based, is vastly different from a new-generation unit-trust based RA. Abdallah Moosa, a planner and actuary at Cape Town-based wealth management company Fiscal Private Client Services, says RAs fall under the category of retirement funds (including pension and provident funds).https://6b793fb1412da224cba5baa6a5972065.safeframe.googlesyndication.com/safeframe/1-0-37/html/container.html “They are essentially a ‘personal retirement fund’, and contributions are typically …