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 to somewhere between R200000 and R300000 per year for my 3 year old son. That’s between R600000 and...

With interest rates having fallen so far and the possibility of still more cuts on the horizon, anyone looking for interest income is pretty hamstrung at this stage. Money market rates are 7% per annum and many of the banks are offering “exceptional rates” for 1 year fixed deposits. They will even “enhance” this if you are over 55. For anyone who is prepared to be locked in for a while there is an even better option...

Just read an article online about how in these tough times one of the positive outcomes is that people seem to be investing more into their retirement funds. The bad news, though, is that it is still usually too little to enable most people to retire financially secure. Of bigger concern for me, however, is that not only are most people contributing too little, but on top of this, most people are probably not taking enough risk on their...