Financial Advisor
Why does nobody believe the published inflation rate? I will attempt to answer this question by explaining how inflation is calculated. The inflation rate refers to the annual average rate of increase in prices represented by a basket
You had to feel a little sorry for our newest finance minister when he presented the recent mini-budget. Stuck between “a rock and a hard place” with no room to manoeuvre. SA has literally hit its fiscal cliff with the
It is interesting to see how many people are beginning to look at their home as a retirement asset. There are two reasons for this firstly the average person nearing retirement is under-funded, in some cases their homes are their
I like to use the analogy of a pilot and co-pilot to describe the role / relationship between a financial adviser and the client. I have always considered the client to be the captain and the financial adviser the co-pilot
The recent Tax Law Amendment Bill included amongst others, changes to the taxation of zero interest and / or low interest loans to trusts, which will come into effect on 1 March 2017. Zero interest loans and / or loans
As investors we hate ambiguity, we want certainty, which is why we dislike the idea of randomness. We want our advisors / managers to know exactly what is going on. Financial experts must speak confidently and explain what is driving
What does your financial adviser do for you? According to Daniel Kahneman Nobel prize winner and author of “Thinking, Fast and Slow”, financial advisers are responsible for: “The anticipation, diagnosis, and the management of client discomfort and regret.” Kahneman &
I found myself on the opposite side of the desk last week requiring medical advice for a minor surgical procedure. The doctor discussed the procedure with me detailing exactly what was required and a week later I was booked into
A recent overseas study indicated that 50% of people did make use of a financial adviser. The reason given was a mistrust of the profession with most potential client choosing no advice over bad advice. Another study commissioned by Vanguard
There is a TV programme in the UK called, “Your money or your life”; the presenter interviews clients who are usually in desperate need of financial planning. Part of his approach is psychological; he discusses the client’s aspirations, their relationship