Taking out insurance on someone else’s life might sound a bit macabre. But this is not about secretly taking a bet that someone is going to die soon. Insurers won’t let you take out a policy on a stranger.
In South Africa, it is possible to take out a life policy on someone else, provided you can show that you have […]
“For everything you have missed, you have gained something else.” (Ralph Waldo Emerson)
Don’t be biased towards short term loss
‘Loss aversion’, from an investment perspective, refers to our tendency to avoid losses over acquiring gains. For example, we all know that sinking feeling when the market isn’t performing – it’s so tempting to cash out and limit further losses. But that kind […]
Imagine two people who both retire with savings of R5 million. Both of them decide to take an income of 5% of their starting capital per year, which would be R250 000.
For the first five years, the first investor receives annual returns of 15%, 7%, 0%, -7% and -15%.
The second investor gets the same returns, but in reverse order: -15%, […]
Many folks think they aren’t good at earning money, when what they don’t know is how to use it.” (Frank A. Clark)
Getting rich isn’t as hard as it sounds. Years of consistent, calculated investing are almost guaranteed to fill up your coffers. For many, the trickier challenge is maintaining their wealth. Luckily, it’s not rocket science – all it takes […]
Integrations benefit everyone. They allow general CRM suppliers to focus on their core strengths. They give niche providers access to global markets. And they give customers the power of choice.
First things first
These days almost all financial planners make use of Customer Relationship Management software to manage their practices. In the case of larger FSPs this CRM is often provided free-of-charge […]
