Wall Street has an old saying: “The market is driven by just two emotions: fear and greed.” Although this is a simplification, it is firmly rooted in truth, proven time and time again. We are emotional beings, our evolution to the top of the food chain was driven predominantly by the addition of intellect and...
Too often, saving is seen as something to avoid—no wonder we have such a low savings rate. Actually, we should welcome it because if our saving is on track, we will enjoy our spending so much more. By Natasja Hart, Wealth Manager, GCI Wealth The latest Old Mutual Savings Monitor confirms that while South Africans...
The relegation of South Africa’s bonds to junk status has prompted many South Africans to rethink their investment strategies, and begin moving money offshore. Not necessarily such a good idea, argues Alex Funk, CEO of Cinnabar Investment Management, an independent discretionary fund management business. “Taking money offshore is only prudent when the decision is prompted...
