Personal Finance Newsletter - Volume 2009, Issue 345, 2009
Volume 2009, Issue 345, 2009
Author Mark SeymourSource: Personal Finance Newsletter 2009, pp 1 –2 (2009)More Less
In a sense the "hare" behaves very much like an equity investment - it runs very fast, but enjoys a nap. On the flip-side, cash is very much like the tortoise - it plods along and doesn't nap. Given this perspective, one can appreciate the merits of both investments, depending on the investment horison.
Author Renee BonorchisSource: Personal Finance Newsletter 2009 (2009)More Less
Source: Personal Finance Newsletter 2009, pp 3 –4 (2009)More Less
Author Darron WestSource: Personal Finance Newsletter 2009, pp 4 –5 (2009)More Less
If investing in South Africa is a minefield, then, for the average South African investor, international investing must be a war zone. If the South African investment environment is already fraught with complexity and costs, conceivably the international investment arena is costlier and even more complex.
Author Julius CobbettSource: Personal Finance Newsletter 2009, pp 6 –7 (2009)More Less
Source: Personal Finance Newsletter 2009 (2009)More Less
According to Momentum's annual results, there has been a decline in the sale of retirement annuities (RAs) and endowments. New business for endowments is down a massive 25%, while RAs are down 4%. This has been in part offset with a 13% increase in new business for risk cover.
Author Warren IngrimSource: Personal Finance Newsletter 2009, pp 8 –10 (2009)More Less
Source: Personal Finance Newsletter 2009, pp 10 –11 (2009)More Less
About three or four years ago I stuck my neck out and predicted that the day would come where the "deemed kilometre" method of claiming business travel against a travel allowance falls away, making it compulsory for travel allowance recipients to keep a logbook for claiming business travel. This year's Budget proved that prediction to be true, in that as from 1 March 2010 any claims for business travel must now be substantiated by a logbook - the deemed method will be no more.
Author Mike SpencerSource: Personal Finance Newsletter 2009, pp 11 –12 (2009)More Less
Having proper budgets.
Budgets must be monitored every month.
Income statements must be completed by the very latest the 15th of the following month and clearly show how income is made up and what action has been taken against defaulters.
Managing Agents are there for one purpose only - to manage.
Source: Personal Finance Newsletter 2009, pp 12 –13 (2009)More Less
Ask any minister to make a list of "No-Go Topics To Preach On", and chances are they will include sex, politics, and the two that are the subject of this month's "Lowhanging fruit" - money, and how to bring up your kids. Strange, considering that the Bible has so much to say on all of these topics!
Author Michael BauerSource: Personal Finance Newsletter 2009, pp 13 –14 (2009)More Less
It's not just bank managers that have a headache as they watch home-owners repay loans late or not at all. Sectional title schemes and home owners' associations are seeing their finances deteriorate as owners struggle to keep up with levy payments. Some 50% of all members of Western Cape sectional title schemes and home owners' associations are behind on their levy payments - and this can result in the entire scheme deteriorating, maintenance backlogs or, even worse, the scheme running out of funds and ending up in liquidation.
Author Chris BlaineSource: Personal Finance Newsletter 2009, pp 15 –16 (2009)More Less
Corporate bonds make up over 65% of Old Mutual's US Life portfolio. Bloomberg recently ran a story exploring predictions that American corporate "junk" bond prices may be on the precipice of a crash. The Financial Times says that "Corporate bond defaults hit record". Is "The Green Giant" teetering on the brink?