Emotional investing happens when we allow our hearts to rule our heads when it comes to managing our money and it’s rarely a good thing. Reacting to a sudden change in the markets, feeling stressed about your portfolio’s performance, or taking a risk because of a feeling can all derail the best-laid investment plans.
When it comes to managing your finances, you probably have some long-held beliefs about the best way to save and invest your wealth (as well as some ideas that are holding you back from making positive financial decisions). And some of these beliefs will centre around the role and purpose of a financial adviser.
You probably know that saving is an essential part of any stable wealth management plan, You need savings to help build up your finances for when you can’t work, provide a safety need in the case of an emergency, and help you to engage in wealth building activities like investment. A question that comes to mind when planning your savings strategy will probably be – how much should I be saving?
Financial abundance is the result of hard work, financial knowledge, and expert guidance. As part of investing in yourself and your wealth this year, it is also essential to cultivate a mindset of financial abundance – one geared to making the most of your wealth, today and into the future.
When it comes to the question of when you should start investing, you’ve probably heard the answer ‘right now!’ or ‘as soon as possible!’. And, while it is true that the sooner you start managing your finances correctly and investing, the more opportunity you are giving yourself for financial prosperity, that really is the most simple answer.
When planning a solid investment strategy, you’ve probably heard the term ‘diversification’ (along with other investment speak). Diversification refers to the simple principle of spreading your risk across various assets i.e. follow a “don’t put all your eggs in one basket” approach. While strategic investing does involve taking risks to allow for strong returns, it also involves reducing risk where possible in order to achieve your financial goals. And this is where diversification comes in.
Despite a good position and steady salary, you might find yourself in debt and feeling the financial and emotional stressors of this state. In addition, many people believe that being in debt is just part of life, that it’s a sign of adulthood, or simply an inevitable trap once you start earning and spending.
Helping your children becoming financially independent in the long run is one of the best things you can give them as a parent who wants to see their wealth continue to enhance the lives of their children and grandchildren. There are many ways to help your children learn how to manage money but we’ve got a few ideas to get your started.
So, while you may think that your needs come at the bottom of the list of your priorities, we believe you need to think again – decide to invest in yourself in 2108 and you will see the returns in a multitude of ways.
Always learning from his experiences, excited about investing in the future, and open to new opportunities and conversations... that’s our very own Head of Investments, Devin Shutte. A long-term value investor, he invests with a view to the future profit growth of companies.
In this day and age, people are living longer than ever before but not necessarily working for longer. This could leave them in a difficult position financially as the years roll by. If your parents are in this situation, this might also place you in the ever-growing sandwich generation – stuck between your aging parents and your growing children as the main breadwinner.
Life changes all the time and every individual will be affected by a series of expected and unexpected major life events, such as marriage, the birth of a child, divorce, the death of a spouse etc. When it comes to your clients, you know that you have to take a long-term view of their portfolio to ensure that their wealth is protected (and that it prospers) over time and through all these transitions. And that they can trust you to do so.
Tax season is upon us and every tax payer needs to be prepared. Filing a tax return can be a daunting task but, with the correct information and support, it doesn’t have to be. Up front, we’d say that if you earn an income and have a financial portfolio, you need to work with a reputable independent financial adviser to help you manage your finances and deal with concerns such as tax.
It’s no secret that we love being independent financial advisers. And we’re always interested in sharing why we think working with an independent provider (as opposed to a tied financial agent) is a good idea.
Are you the sole breadwinner in your family? Do you have young children to support? Living off a single income (and ensuring you have enough to support your children through their educational years) can be challenging. The solution? Long-term strategic planning and the help of a reputable financial adviser.