Just saw the 1Lifedirect TV advert again this evening and it really gets my goat – their advert is so incredibly misleading. It should come with a huge health warning similar to that on cigarette packets. They were offering a 44 year old male R1million life cover for just under R500 (if i remember correctly) [...]
Continue reading about 1 Life direct – misleading advertising & so expensive!
I had to make a trip to SARS in Cape Town this am to hand in the 6 paper provisional tax returns that I cant get on efiling – this is despite several email and telephonic requests to SARS to get them on e-filing.
As I arrived there I was greeted by the site in the [...]
So Eskom’s been granted increases of 24.8%, 25.8% and 25.9% for the next 3 years. Not as big as they wanted but still significant. What does it mean for us as consumers?
There is a beautiful little rule called the “rule of 72″ which states if you want to know how quickly something will double in [...]
Oh dear…the old adage certainly rings true (yet again). Following on the most recent post about Fundisa, a friend and I were re-doing the maths…seems like I got it totally wrong…apologies for that!
The returns seemed too good to be true – the problem is with my maths and understanding of how the product works…which raises [...]
PLEASE BE AWARE THAT THE EXPLANATION OF FUNDISA’S RETURNS IS INCORRECT – IT WILL BE CORRECTED IN A LATER POST. Gregg
Currently the cost of a university degree is about R31000-R35000 per year, so over 3 years that is pretty much R100000. If varsity fees continue to increase at levels above inflation then this will increase [...]
10 months ago I finally changed my bank account…after almost 19 years at Standard Bank, I finally had enough of their fees and their complete lack of interest in me as a client and I moved to Nedbank – for no other reason than that they offered a very attractive fee structure.
For far too long [...]
2010, it’s finally here…
In just over 1 months time it is the end of the 2010 tax year and there are 2 important deadlines that go with this. They are:
Retirement annuities:
RA contributions need to be made before the end of Feb. This year the 28th is on a Sunday so all contributions will have [...]
2009, what a year! Markets have done what they always do – surprised us in the short term. We have seen the JSE ALSI run from just over 17500 in March to just under 28000 at the end of December. That’s more than 54% up since March when everyone thought we were facing the worst [...]
I attended a refresher workshop for CFP® Professionals hosted by the Centre for Financial Planning Law (UOFS) on Friday. This is part of the continuing education that Certified Financial Planners are required to do in order to maintain their CFP® status.
One of the interesting things from the workshop was to learn that Financial Planning only [...]
I recently attended a Financial Services Board workshop on the FAIS Act (Financial Advisory and Intermediary Services). FAIS is big on putting consumer interests first and on making sure that consumers get appropriate advice. Despite the legislation there are still many instances of investors getting bad advice and being ripped [...]
