Archives

More blog posts

29 August 2011 08:27

Do I qualify for a trust?

How old should you be or how much should you earn for you to qualify in opening a trust?

Dear Moneyweb Facebook

How old should you be or how much should you earn for you to qualify in opening a trust?

Answer by Warren Ingram*

Anyone can have a trust at any age or level of income. Trusts can be an important estate planning tool because you can protect your assets from estate duty when you pass on. In addition, a trust can be very effective in protecting your assets if you decide to start a company and need to protect your assets from future claims by creditors. Finally, a trust can be a good idea if you plan for your assets to survive beyond your lifetime and possibly beyond your children’s lifetimes eg, to your grandchildren.

Read full post

02 August 2011 07:26

The bad side of SA strikes

Increasing wages are resulting in fewer jobs something urgently needs to be done.

Dear Alec Hogg,

I just want to raise an issue you raised on your SAfm Market Update show weeks back, you asked how can we increase jobs if people demand more money each and every year, Statistics SA released job figures last week and we are still shedding jobs in sectors that are supposed to create them.

According to Statistics SA, mining lost 31 000 jobs and manufacturing 68 000.

Alec it is time our government and unions realise that striking each and every year doesn't promote jobs but lowers the prospect of getting jobs. We can blame our education, but it is not the only problem now, the problem is people demanding more and employers can’t employ as wages keep rising making the cost...

Read full post

25 July 2011 14:12

Advice to a young investor

How does a 25 year old save up for retirement and avoid being beaten by the inflation rate?

Hi, how does a 25 year old save up for retirement and avoid being beaten by the inflation rate?

Answer Warren Ingram*:

If you are 25 years old and want to start saving for retirement, you are starting at the perfect time and should realise that financial freedom will certainly be attainable for you. Here are some steps you should follow:

Read full post

06 May 2011 15:38

Nedbank vs Treasury retail saving bonds

Which basket should you put your money in?

JOHANNESBURG – Nedbank (JSE:NED) and the National Treasury have been publicising their retail savings bonds as an investment option in a bid to raise funds while also promoting a savings culture in the country.

A Moneyweb reader wrote to us asking what was the difference between the two. There are both similarities and differences. The most obvious commonality is that with both you are lending the National Treasury and Nedbank money for which they will pay you interest.

Read full post

19 January 2011 10:46

Advice to a first time property buyer

Should I buy a property or continue my monthly investments into an ETF?

Dear Moneyweb and Warren,

I'm considering purchasing my first property. Please could you give me your opinion on buying a property versus continuing my monthly investments into an exchange traded fund (ETF)?

My situation is this:

- I'm 26 years old, have been employed for a year and have not owned a property before.

- I currently pay rent of R3 500 for a flat I share with two of my mates.

- I invest R5 000 a month into a Satrix ETF.

- I have disposable income after all household expenses, fuel, and debit orders etc, of R4 000 a month which I feel is a reasonable buffer for any unexpected expenses that may arise.

- I don't have any debt.

Read full post