There is an old song where the lyrics went something like this “the chances of anything coming from Mars are a million to one, but still they come!”
At least the odds were better than the chance of you winning the lotto in SA where your odds are one in 13 983 816 (or 0.000000072%)*.
Let’s put this [...]
Continue reading about Lotto – even if you are in you probably wont win!
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 [...]
I read with interest the comments from “experts” telling people to resist yesterday’s interest rate by not reducing their bond repayments. This makes a lot of financial sense but the comments from readers of the article clearly shows just how cash-strapped many people are and for many, even this cut will not be sufficient. (Although [...]
On the face of it, the Discovery Credit Card and Pick n Pay tie up is very attractive; pay for my Pick n Pay shopping with my Discovery Card and get cash back from Discovery every month (depending on my Vitality status of course). And it works – for the past year or 2 we [...]
Just a quick follow up on the post about Fundisa – I just received my transaction SMS from them…so far I have invested R1200 of my own money…the transaction statement reads as follows:
The balance at 04 May is R1,209.56 (investment) and R518.00 (grant). Nedgroup Investment…i.e. there is currently R1727 in the account that would [...]
There are few things that bug me more than seeing people being ripped off by insurance companies. I have just come across an advert for an education plan by one of the large SA insurance companies…for just R150 per month for 10 years…blah blah blah…stay far away from these policies – they are expensive and [...]
All the while that this debate has been going on the market has risen…for anyone who invested at the low in Nov/Dec last year there has been a 22% return from the ALSI already…
I think there is a danger of throwing the baby out with the bath water here…equities are the most likely asset class [...]
It’s so easy to save money!
One of the “compulsory” forms of insurance that people with bonds have to have is Home Owners Insurance – this is insurance that covers the cost of replacing the building if it is destroyed through things like fire and floods. Usually the bank that provides the bond also very kindly [...]
