When lockdown happened, it happened fast. For some, there were only a few days to prepare for an indeterminate time of severe restrictions. For others, they had more to do and less time in which to do it. Travellers were stuck abroad in foreign countries and had to follow equally foreign regulations. At times like […]
Anxiety and our money
Most of us would gladly jump at the opportunity to have more money. Very few people are likely to say that they would prefer to have less money… One reason for this is that we can see how our future life and our current financial status are linked. And this leads to anxiety when thinking […]
Let food be thy medicine
…and medicine be thy food. Hippocrates adopted this philosophy around 2400 years ago! Before fad diets and modern medicine, he recognised that food has the ability to keep us strong and healthy – both physically and mentally. A nutritious diet is fundamental to maintaining good health and well-being. Just remember that eating healthy isn’t just […]
The next best thing for investors…
Ray Dalio is an American billionaire hedge fund manager and philanthropist who has served as co-chief investment officer of Bridgewater Associates since 1985. As a thought leader and industry pioneer, he also founded the world’s largest hedge fund and firmly advocates that “diversification is a wonderful, mechanical, good way to reduce risk without reducing expected […]
Who wants to save more?
This is not such an easy question to answer. Many of us may shoot up our hands, quickly realizing that what follows is a tough call-to-action: “Then start saving!” So we shrivel back and think we’ll rather start saving next month, or when we get our next increase. Others, already encumbered with tough monthly expenses, […]
Why Mental Health needs our attention
The journey of developing your life can be challenging on your mind and overall well-being. Prioritizing mental health can help us build the resilience we need to find fulfillment at work and in our personal relationships. Often we focus on physical health and the list of things we want to accomplish. It’s important to remember […]
The difference between Medical Aid, Medical Insurance and GAP Cover
It is easy to think that the terms Medical Aid, Medical Insurance and GAP Cover refer to the same thing. Although they all serve to help you afford medical care, there are some subtle differences. Getting a clear understanding of these words will help you get savvy with your options. If you already have health […]
How much is enough?
Medical aid (including insurance products) contributions need to form part of our overall financial planning. Every year these products are adjusted slightly – both in how much they cost in monthly premiums and in what they cover. These increasing costs can feel burdensome and unnecessary to those who seldom use their medical cover, but they […]
Pre-Lockdown vs Post-Lockdown Spending Trends
The largest factor in our wealth creation, and our wealth protection, is our behaviour. How we choose to save and how we choose to spend are the habits that will determine if we are able to grow our money over time, or if we will erode it over time. There are other factors, certainly. We […]
Why we need losers in our portfolio
There is a strange behavioural effect where investors tend to sell winners early and hold onto losers for longer. You would think that investors would offload their losers as soon as possible and hold onto their winners so that they keep winning, but the opposite is often found to be true. This is known as […]