The Financial Coach

MANAGING PEOPLE AND THEIR EMOTIONS AROUND MONEY

The future of the entire unit trust industry hangs in the balance.

The latest developments in the Ovation Curatorship saga potentially have major ramifications for the entire unit trust and linked product industry and it is high time that the industry (ASISA and the FSB) woke up to that fact. As I understand the development, the Fidentia Curators are wanting to block the application by the Ovation …

Just how much risk are you taking?

I met with a new client recently who proudly proclaimed that she was a “low risk investor” while passing me her unit trust statement. She has R1.1 million in a money market unit trust fund and it has been there for a few years. While this might have been a good thing (from one perspective) …

Beware of life insurance savings products!

I admit that this is written with a lot of emotion but there have got to be few things that are worse for investors than life insurance savings products. Whether they are endowment policies or retirement annuities (new age or traditional) they have got to be the worst thing that an investor can buy! I …

It aint over till its over

I cant help but think that with the markets having run as hard as they have since their lows in November last year and March this year (JSE is up >34% since then) that either we have been duped into believing there was a huge crisis which never actually existed and have now missed the …

Proof’s in the pudding

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 …

Guaranteed returns of 25%?

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 …

The great equity debate continues

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 …