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Sell low; buy high…Not!

Sell low; buy high…Not!

I remember a great radio ad a couple of years ago by one of the unit trust mancos that feautred 2 opera singers. One sang (in a very deep/low voice) “buy, buy, buy, buy” while the other one sang “sell, sell, sell, sell” in a very high voice. The point was well made and is one that every investor should heed – you need to buy low and sell high, definitely not the other way around. Which is why I find recent articles and comments by...

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The value of advice…

If ever you doubted the role we play… Vanguard Research Quantifies the Value of Advice 10 Mar 2014  Advisors who follow best practices can add up to about 3% in net returns VALLEY FORGE, PA (March 10, 2014)—Financial advisors can add up to about 3% in net returns for their clients using Vanguard Advisor’s AlphaTM, a wealth management framework that focuses on portfolio construction, behavioral coaching, asset location, and...

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(10) Dumb ways to die (financially)

A year or so ago my kids introduced me to a very cute you tube clip, “Dumb Ways to Die” which was a public service campaign to promote rail safety in Melbourne, Australia. It quickly went viral – you can watch the clip here https://www.youtube.com/watch?v=IJNR2EpS0jw For some reason I found myself humming the tune while I was on my way to work recently and while I was driving my focus turned to dumb things people do,...

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TFSA’s – a response!

TFSA’s  –  a response!

I wrote the piece below towards the end of Feb just after the regulation around TFSA’s was announced* and at the time that OM (life) announced the launch of their offering. I took the information directly from their website and then got contacted by someone from OM about my information being incorrect…my response to this is that one of the main criteria of the TFSA is that “products qualifying as tax free savings and...

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Seriously…?

Seriously…?

Shame on you Personal Finance for the sensationalist and (very) misleading headline that appeared on lampposts over the weekend… I know that it referred to the so-called Raging Bull awards that are supposed to celebrate the “best” fund managers but it was a very misleading headline all the same. I asked a few friends of mine what they thought the headline meant and they all answered along a similar line – if they were looking to buy...

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It will only end in tears…

It will only end in tears…

Predicting stock market corrections is a little like playing the lotto – if you do it often enough you are bound to get it right eventually. Problem is that by then you would have spent so much time trying that no one would be listening anymore. So I am not predicting any correction but I am predicting that the kinds of returns that we have seen from the SA equity market are not sustainable and that at some stage we are going to have to...

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