The Financial Coach

MANAGING PEOPLE AND THEIR EMOTIONS AROUND MONEY

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.

Lessons from Enron (and the strong rand)

One of the really difficult parts of dealing with people and their money is having to give them bad news about the performance of the funds in which they are invested. They usually react badly and look for all sorts of people to blame (most often this the advisor). Behavioral Finance psychologists tell us that …

Interest (ing)…

I heard an advert on the radio last night for Nedbank’s new “Park-it Limited Edition Investment account”…seems that if you give them R10000, they will give you up to 6.25%* interest per annum and after the first 14 days you can have access to your funds with 24 hour notice. There are at least 2 …

RSA Retail Bonds part 2

Following on from the first post on RSA Retail Bonds, I received a reply from the communications manager at National Treasury who referred me to 2 more people and I finally received a 10 page summary on the bonds. The first section is titled “How to invest” and answers the questions we had but is …

Rocket science or common sense?

One of the things that I just cant get my head around is the price of residential property. If the experts are to be believed, then the average house price in SA is somewhere around R550000. In order to buy this property, you would need to put down a deposit of at least R110000 (20%) …