Category: Money

According to annual BEE.conomics Transformation in SA Asset Management Survey published by 27four Investment Managers, there are currently 48 black asset management firms in South Africa and they manage only 10% or R490.3bn of the R5 trillion industry.

While there has been growth in the number black fund managers and their assets under management in the past couple of years, it has been painstakingly slow. So, why is this? Why don’t we have more black fund managers?

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George Soros once said, “If investing is entertaining, if you’re having fun, you’re probably not making any money. Good investing is boring.”

Investor Psychology is about the behaviour of investors; what they believe, how they act, what they do both in times of the bull market and bear market.

For most individuals, especially in South Africa the word investing in itself is not understood very well. I have had clients before who would ask me,

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In the investment world, there are some things that hold truth whether you are a new investor or a seasoned investor. Here are 5 Keys to successful investing across the different asset classes (i.e. Equity, Cash, Property, Bonds)

1.  Have a financial road-map/goal

The first key to successful investing is to have a clear financial goal. Ask yourself WHY are you investing? This will inform how long you want to invest and it will dictate the risk you can afford to take. 

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Hi Tribe,

Today I want to talk a little bit about marriage and your finances. This topic is inspired by the fact that 3 of my friends will soon be walking down the aisle…exciting!!! While a lot of detail goes into the actual day of the wedding, little to no attention is paid on how the couple will handle their finances once they are married.

From parents to friends, little is spoken about personal finances in a marriage.

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I am always trying to find ways to stick to my budget and if you have read some of my previous posts, you will know by now my downfalls are eating out at beautiful restaurants and shoes! After having reviewed our household budget, I realised that we spend A LOT of money on eating out, which we have since got under control (not easy at first but got it done eventually!)

How I did this was through the ‘envelop system’.

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In my podcasts, I normally ask the person I am interviewing this question: “growing up, what did you hear about money”? I ask this question because for most people, what they hear about money has direct impact on how they handle their own finances into adulthood.

As children, our parents are our biggest influences, whether they are conscious of this or not, children pick up and to some extend internalise this messages.

So,

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The year is well under way, the first quarter of the year is done and dusted just like that!!! I hope you have achieved most of your goals for the first quarter. Keep focused and you will reach your money goals…and as a money savvy woman, these are some of the habits I know you have adopted 🙂

 

1. She Budgets 3-6 months in advance.

Yes,

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“Let us never negotiate out of fear but let us never fear to negotiate.” -John F. Kennedy

 

So let’s say you are accepting a new job or a promotion, your first instinct is to focus on the salary only right? It is a mistake many people make, especially women since they hardly negotiate their salaries. While yes, the goal is to increase your take home, there are other benefits you can negotiate with your employer that will in the long run leave you richer.

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1. Request a free credit report

If you ever need to access credit, hopefully for good debt, i.e. to buy Property, a student loan or to fund your growing business, lenders look to your credit score. You should know what they will see even before they do. It is easy and quick, you can request it online and receive it within minutes.

www.creditunion.co.za
www.transunion.co.za
www.creditreport.co.za

…are just some of the few that offer free credit reports

2.

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