content top

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...

Read More

Risk free returns?

Risk free returns?

I recently saw an advert for RSA Retail Bonds that was advertising “risk-free” returns. This kind of thing really gets up my nose and in my opinion it smacks of false advertising…RSA Retail Bonds are not the only culprits – just about all of the banks do it too.  “No fees or commissions” or “Risk-free”. Let’s get this straight – there is no such thing as a risk-free investment. The reason they are advertised as...

Read More

Deceivery Life

Deceivery Life

I just received an invitation to the Discovery Life financial planning summit…on opening the invitation I noticed a few things: The invite is for a financial planning summit The agenda is dominated by sales techniques – sure there are some other topics thrown into the mix but it appears that the main motive is to make better (more proficient) sales people who can sell more products as a result. This is not financial planning. 2 of the...

Read More

(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,...

Read More

TFSA’s – a better way?

TFSA’s – a better way?

There seems to be quite a bit of activity around the new TFSA accounts and yet it seems to be by all the “wrong” people. By this I mean that the people who seem to be getting excited are not the actual intended beneficiaries…we seem to be forgetting that the TFSA accounts are intended to encourage “non-savers” to save. I’ve thought about it quite a bit and perhaps there is scope for more creativity on...

Read More

A very real problem with an “ubuntu” solution

A very real problem with an “ubuntu” solution

Got an email from a client whose domestic worker has ±R50k saved in a unit trust fund and who wants to know if her (minor) kids would be able to get the funds if she dies. The short answer is no, but this is not helpful. Not only would the kids (nor anyone else for that matter) not be able to repurchase the funds (they cant sign on her account) but they would also not be able to receive the proceeds of her estate as they are still minors....

Read More

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...

Read More
content top