Personal Finance Newsletter - Volume 2006, Issue 308, 2006
Volume 2006, Issue 308, 2006
Author Alec HoggSource: Personal Finance Newsletter 2006, pp 1 –2 (2006)More Less
Extracted from text ... MONEYWEB No. 308 August 2006 COMMENT INVESTMENT STRATEGY NEWSLETTER CANNES -Balding, bespectacled and slight of build, Bill Bowder is an unlikely attraction in a city which constantly reminds you it's where the world's biggest movie stars gather every year. Among the hedge fund fraternity, though, Bowder is celebrated like Charlize in Benoni. Not only for his investment prowess. The founder and CEO of Hermitage Capital's newfound fame is owed, rather, to some corrupt Russian bureaucrat who last November withdrew the American's visa. After ten years of agitating for greater corporate governance in a system he claims to be riddled ..
Author Gaylyn Wingate-PearseSource: Personal Finance Newsletter 2006 (2006)More Less
Extracted from text ... Moneyweb's PERSONAL FINANCE August 2006 3 PROPERTY THE recent interest rate hike has sparked some jitters in the property market, and many homeowners may be wondering if it is a good idea to convert their existing floating rates on their home loan to a fixed rate. Is it time to fix your mortgage bond rate? Not yet, say property experts. By GAYLYN WINGATE-PEARSE in interest rates to justify a fixed rate. Most banks offer floating mortgage rates of around 9% (prime less 2%), and anything around 12% or 13% for a fixed rate. "The South African Reserve Bank (SARB) ..
Source: Personal Finance Newsletter 2006, pp 4 –5 (2006)More Less
Extracted from text ... 4 August 2006 Moneyweb's PERSONAL FINANCE RETIREMENT IF you have been employed in a corporate for most of your working life, retirement is something that is fairly certain, and comes in a structured manner. The company stipulates the retirement date. Your payout from your pension fund is determined by the rules of the fund. For the fortunate few, the company may supplement your pension with a lump-sum gratuity. Normally the company arranges a farewell party, and if you have faithfully served your company for many years, you will probably receive the traditional gold watch. Not so if you are ..
Author Ana MonteiroSource: Personal Finance Newsletter 2006, pp 5 –6 (2006)More Less
Extracted from text ... August 2006 5 DESPITE all the delays, number portability - the ability to keep your mobile phone number yet change network or service provider - will become a reality sooner or later, with the latest proposed kick-off TECHNOLOGY Number portability - how it works If you want to change to another cellular network yet keep your existing number, this is how it will work. By ANA MONTEIRO date being 18 September 2006, according to Cell C. The proposed date for implementation was moved from June to September because the tender process for the technology provider 6 August 2006 Moneyweb's ..
Source: Personal Finance Newsletter 2006, pp 6 –9 (2006)More Less
Extracted from text ... Moneyweb's PERSONAL FINANCE LONG-TERM INVESTMENTS Smooth bonus products - the devil is in the detail Beware: these investments are not what they seem, despite protestations from senior life industry players. By JACKIE CAMERON PENSION Funds' Adjudicator Vuyani Ngalwana has turned his spotlight on smooth bonus retirement products. A smooth bonus fund provides returns in the form of bonuses. The theory is that in bumper investment years, the bonus will be lower than the markets, and in poor years it will be higher than a market-related portfolio. These products are sold on the understanding that the longterm return will be ..
Author Geoff CandySource: Personal Finance Newsletter 2006, pp 9 –10 (2006)More Less
Extracted from text ... Moneyweb's PERSONAL FINANCE August 2006 9 IN comparison with their international counterparts, South African banks have been attractively priced. But it seems that things have changed recently, with rising share prices bringing local banks more in line. Sam Houlie, who runs the Investec Cautious Managed Fund, told Moneyweb that a few years ago, global banks were very highly priced when compared with their South African counterparts in dollar terms, particularly as foreign investors had the benefit of a weak rand. There were some metrics - such as price-to-book - where international banks were already equivalent, but in terms of things ..
Source: Personal Finance Newsletter 2006, pp 10 –11 (2006)More Less
Extracted from text ... 10 August 2006 Moneyweb's PERSONAL FINANCE TECHNOLOGY Beware of cyber-crooks If this month's issue of Moneyweb's Personal Finance is to be believed, it seems that everyone is after your hard-earned cash. But many scams rely on people's gullibility as well. Don't let this be you. By JACKIE CAMERON FEW travellers would carry a suitcase across a border post for a stranger; largely because of the risk they could be transporting something illegal, like drugs, on their behalf. Yet many normally-astute people are hoodwinked into moving money for strangers - through the internet. You can become a crime syndicate's money mule ..
Author Monique VanekSource: Personal Finance Newsletter 2006, pp 11 –12 (2006)More Less
Extracted from text ... Moneyweb's PERSONAL FINANCE August 2006 11 EQUITIES How to select stocks Going back to the basics. By MONIQUE VANEK CHOOSING which shares to invest in or which unit trust fund to go with isn't easy, but if you follow the simple advice of investment gurus you can make a killing. The JSE has over 300 listed companies from which to choose from, in over 30 different sectors, whilst there are over 1 000 unit trust funds investing in various areas, such as property, general equity, commodities, financials etc. To separate the wheat from the chaff, Adam Ebrahim, who runs ..
Author Dikatso MametseSource: Personal Finance Newsletter 2006, pp 12 –13 (2006)More Less
Extracted from text ... Moneyweb's PERSONAL FINANCE they've earned in the past. So that, " concludes Viljoen. ?? FINANCIAL SERVICES Bank scam alert Trust nobody - not even your own mother. By DIKATSO MAMETSE WE all like to think that when we entrust our hard-earned money to our bank, it will remain there, safe and sound, until such time as we need it again. So it comes as a shock when we discover that banks' security measures can be - and are - breached. However, whilst there are cases where hackers circumvent banking systems, and of course, the oldfashioned bank robber is still ..
Author Warren IngramSource: Personal Finance Newsletter 2006, pp 14 –15 (2006)More Less
Extracted from text ... 14 August 2006 Moneyweb's PERSONAL FINANCE RETIREMENT Retirement and your "second wind" With improved healthcare and the trend towards healthier lifestyles, many people are living to a ripe old age. Make sure that your money lasts as long as you do. By WARREN INGRAM Are you retiring in the near future and concerned that you may not have enough capital to retire? We often read that the majority of South Africans will not have enough money to retire. This means that they either have to keep on working, or they have to change their lifestyle dramatically and live more ..
Source: Personal Finance Newsletter 2006, pp 15 –16 (2006)More Less
Extracted from text ... Moneyweb's PERSONAL FINANCE August 2006 15 MONEY SAVING TIPS By STEVEN JONES Low-hanging fruit In the wild, it is the fruit that hangs low on the tree that is most easily accessed, and therefore provides instant nourishment. Here are some tips to provide "instant nourishment" to your finances ?? We all know that we have to pay tax, but very few people get particularly excited about doing so. But for many people, the whole fear of paying over some tax clouds their thinking to such an extent that they end up making poor decisions. An example is a recent ..
Source: Personal Finance Newsletter 2006 (2006)More Less
Extracted from text ... MONEYWEB'S PERSONAL FINANCE - SUBSCRIBER SURVEY A big, big thank you to those subscribers who participated in our survey. The responses were varied, but on the whole, it seems that we are getting things right. However, we received a number of valuable suggestions from subscribers, which we will be incorporating into future editions of Moneyweb's Personal Finance. As promised, all replies received went into a draw, and three subscribers won a signed copy of Alec Hogg's book, "Shares - a Buyer's Guide". The winners are: Mr H Henman; Mr M Mazzuchetti; and Mr DHJ Reyskens. Congratulations - you will ..