I have a living annuity in South Africa. As a hedge against financial uncertainty in SA, I want to withdraw the maximum allowed annually and reinvest the monies in offshore portfolios. In summary: draw 17.5% from my Investec living annuity, retain 5% for my needs, and invest the remaining 12.5% offshore. In theory, is this…

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  What is regulation 28?   “You may have seen that asset managers classify some of their multi-asset unit trust funds as being Regulation 28 compliant. This is an important distinction for investors who are saving towards retirement and want to ensure that their investment is not overly risky. Regulation 28 is part of the…

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I am 58 years old and in good health. I have a provident fund of close to R6.6 million. I am planning to leave my current job and want to buy a well-established guest house in Graskop for R3 million using money from my provident fund. The guest house has had an average turnover of…

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I have R3 000 000 invested in SA at 8%/p.a. I am afraid that with the country’s financial problems, the rand may weaken over the next 5/10 years. Will it be advisable to rather invest in a dollar or pound sterling investment in a bank overseas and safeguard the value of my money (in rand…

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WHAT IF YOU HAD SOLD IN FEAR? Following the sharp and distressing fall on the JSE in the first quarter of 2020, investors where asking themselves whether they should sell their investments and go to cash or other safe haven assets. The risk at this point is making a financial decision based on our cognitive…

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Holding your pension fund in cash for an indefinite period could lead to longevity risk in your investment capital. I went on an early pension. I put my pension in a money maximiser account at my bank; it is not a lot of money. Is this the right thing to do? Your question is very…

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The idea of a global epidemic is worrying enough, and we now know that it has hit our shores. But what about your investments? Global markets have fallen in value in anticipation of “what the virus could mean for the global economy”. As an experienced investor will know this reactive stance which is driven by…

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The question of paying off debt or contributing to retirement savings is something many South Africans wonder about. Jesse Morgans / 4 February 2020 I have invested my life savings into my home loan over the last two years and am depositing on average an additional R10 000 into my bond over and above my…

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Cash has become the ‘safe haven’ for investors who have opted out of multi-asset funds due to the poor return of growth assets over the past several years. Some investors have chosen to remove the uncertainty of noisy volatile markets and secure the “certainty” of an inflation-beating return with a relatively low degree of volatility.…

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Financial advice covers a wide and complex array of activities. To paraphrase Oscar Wilde: “we know the price of everything and the value of nothing.” Financial advice comes at a price, so it stands to reason that advised investors will expect better outcomes over time. Is this the case and how is it assessed? There’s…

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