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The Wealth Room

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LIVE ON EXPRESSO: How to Afford Children Part

Part 1 [embed]https://youtu.be/sYyDrtPQhgQ[/embed] Part 2 [embed]https://youtu.be/q_fRqO-EIOo[/embed] Part 3 [embed]https://youtu.be/0bBJsLNWV1c[/embed]

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LIVE ON EXPRESSO: Buying to Let

Part 1 [embed]https://youtu.be/6yiM_g1NW6I[/embed] Part 2 [embed]https://youtu.be/Kj6CbaDzR1I[/embed] Part 3 [embed]https://youtu.be/LMp8dYR9oks[/embed]

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Ready to retire

My story starts at the end, rather than the beginning. Here I am, it's 2016 and I am finally heading towards 'retirement'. That means I can start to focus on everything I love the most: art, photography and travel. I initially set myself an objective to retire at the age of 55. However, at age 45 – 10 years before that determined date – it became obvious that it was not financially achievable. So I readjusted my retirement date and postponed my exit for age 60. From age 42, I became obsessed with saving and preparing for retirement. Every spare rand was invested and I did whatever I could to consolidate or downscale my life. To simplify it through a range of committed disciplines over the ensuing years. At around age 22, I met a senior and extremely successful businessman,

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Making tax work for you for retirement

Now that we have been through the foundations of investing, through understanding how important asset classes and asset allocation is in setting up the right Unit Trust that will best suit you. We can now move our attention onto retirement investing and what options are available for us all to invest into regarding this. Before I start, I want to just point out that many people start investing or planning for this process without an end goal in mind, and I find this to be counterproductive. The reason being, is if you don’t know how much money you need every month during retirement, how do you know how much money you need to save every month towards retirement. So the first thing I would like to point out in this post is, before you read any more investment advice, first determine in

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The best unit trusts to suit your needs

Investment philosophy and ethics There is no one-size-fits-all option when it comes to unit trusts, as we all have different personalities and investment goals. Start by looking at the top asset managers in your country with excellent reputations. In South Africa, we recommend looking at Allan Gray, Coronation, Prudential and Investec to get you started. Then do some research on each company’s investment philosophy (how they buy and sell asset classes or shares to make you money) and see if you agree with their philosophy or not. After all, there's no point in investing in companies when you don’t believe in their ethics or investment philosophy.   Age is important The younger you are, the more risk you are able to take when selecting a unit trust. The reason for thi

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Understanding Unit Trusts

Today we are going to discuss Unit Trusts and how Unit Trusts work. If you haven’t read my last 2 articles on Asset Classes and Asset Allocation, I recommend that you have a quick read through those first as they form the foundation for this post and for your best understanding of Unit Trusts. I assure you that understanding Asset Classes and Asset Allocation, will change investing for you forever. I am going to start at the very beginning and break down what Unit Trusts are. Unit trusts are when companies like Allan Gray (Asset Managers) buy Asset Classes on behalf of us in bulk and at a much lower price or a better interest rate on bonds etc. They then take the different Asset Classes and combine them into what we call Funds. For example all Asset Managers will have what we ca

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