The Financial Coach

MANAGING PEOPLE AND THEIR EMOTIONS AROUND MONEY

Letter from and reply to an anxious investor

Dear Gregg “Your pest client again! I was listening to an economist talking on the radio yesterday & he said we were not just in a recession but we are in a depression & it might take 10 years to come out of this. What if: What would it cost if I sold everything in …

Marcus Jooste’s school-boy error

Much has been written and much will still be written about the Steinhoff saga but after listening to some of the testimony and reading the bit below…there is only one conclusion that can be made and that is this: Ethics aside, Marcus Jooste’s biggest mistake was failure to diversify. It’s a classic school-boy error of …

It’s time to do the Mickey Blue (again)

I recently watched someone using a leaf blower to clear their pavement. As I watched, it struck me what a pointless exercise it was and it crossed my mind that the leaf blower must be one of the most senseless machines yet invented.

The watched pot…

There’s an old saying about the watched pot never boiling, which simply means that if you wait anxiously for something to happen, it seems like it takes forever.

The ultimate savings & investment vehicle!

Today I got a call from a journalist asking a few questions about what a beginner investor should do if they want to start investing. I think that they were looking for “tips and tricks” about which funds or shares to choose. Here was my reply. 

One page financial plan

I have just finished reading this excellent book by Carl Richards… The One-page Financial Plan – some notes from the book: “The best financial plan has nothing to do with what the markets are doing, nothing to do with what your real estate agent is telling you, nothing to do with the hot stock your …

Rational or what?

It may be mid-Winter and it may be cold but there is a lot of heat being generated by all the media coverage the Malema is currently getting. Not sure whose agenda it is serving but someone is surely behind it all. In the light of this, there was an excellent interview with Professor Steven …

You can still get 8%

But not for long… If you are looking for income from your cash then the RSA Retail Bond (2 year fixed-rate option) is still offering 8% – that’s about the best “guaranteed” option available. But that rate is likely to fall by about 0.5% at the beginning of December (the repo rate was cut by …

Credit card rewards…

Got an email from friend this week which went something like this…”Just got a mail from Nedbank to say I have 300 000 odd ‘Greenbacks’, their loyalty programme. I can exchange them for until trust investments. Wanted to know your opinion?  I’ll have to put R5000 cash to open an account but can get around …

Do the Mickey Blue Eyes…

I enjoy using lines from movies when talking to clients about investing and financial planning. For example there is the classic line by Jack Nicolson’s character from “A few good men” when he is on the witness stand and being asked about the truth of an investigation to which he replies…”You want the truth? You …