Warren Buffett’s net worth is over R1 trillion. And that is even after he has given away assets worth over R600 billion.
He has been so phenomenally successful as an investor that thousands of people have studied his track record to try to find clues for how he did it. Hundreds have written books or articles, or even made podcasts about his strategy.
But as much as we might learn something from the way Buffett has approached the market, the real secret to his wealth is one, quite simple thing. Read on to find out what that is…
Many of us are concerned about leaving something behind for our children or grandchildren. It is important that we feel we have left a financial legacy that will support them after we are gone.
This can be a good motivator for us to arrange our finances and to have our affairs in order. But leaving a legacy should not be thought of in isolation. It has to be looked at in context of a financial plan that takes into account your own future as well as that of your loved ones.
In this article we consider three important factors in ensuring that the legacy you leave is a positive one.
Artice By: Stuart Johnston | Published: 25 August 2021, 08:20
Officially, a car’s ownership document is known as the “Certificate of Registration in Respect of Motor Vehicle.” Here’s everything that you need to know about this important document.
Take this scenario: You have a cash flow challenge that leaves you owing the Taxman money. As everyone knows, he carries a big stick – a very big one.
The problem is that you can’t pay immediately without selling some of your investments. What should you do?
We suggest a SARS webpage setting out your options, remind you to ask us for advice before realising any of your investments, and share a warning about how to handle any bogus “SARS” debt collectors and “officials” that might pop up out of the woodwork to harass and threaten you.
Stuart Podmore (Schroders) –
“Markets have been volatile in recent years, but overall returns have been unusually strong. Because the outcome has been good, in that investors’ portfolios have risen in value, it’s only human to make the assumption – incorrectly as it happens – that all your personal decisions have been good, too.
“You start to feel that it’s your judgment calls which have worked out so well, rather than external factors which you can’t control. This in turn encourages people to feel more confident both about their own knowledge and to believe they will outperform others in the future.
“But the past 18 months have taught us that the future is difficult to predict. A measured approach to investing based on long-term objectives is likely to stand investors in better stead.”