If you ask an investment expert to define investment risk, he or she is likely to say: “The probability of your investment not performing as expected”. To me, that is a bit lame. If an investment performs slightly lower than the average return of investments in the same category, I won’t be too concerned. I am much more concerned about the probability of losing part or all of my capital. We...
New property investment trends are growing in South Africa as investors are tapping into the growing demand for coastal homes to build wealth.According to data from Standard Bank, one in eight mortgage applications nationally over the past year were for buy-to-let properties.The Western Cape has come out at the forefront as the leading hotspot for property investors, with 31% of new home loan applications...
Considering your retirement planning options while your new-year good intentions are still intact can put you in a good position, according to Linda Kleynscheldt: head of Actuarial and Product, PSG Wealth. A tax-free savings account (TFSA) and retirement annuity (RA) are two options that are available to people, but you need decide if either (or indeed both) of these products might be right for...
Refinancing a home is seen as a last resort for many, but the recent succession of interest rate hikes and the rising cost of living has left many consumers in search of financial relief. Here’s what you need to know about the process. In a case where you wish to refinance your home, you’ll apply for a new bond on the same property based on its current value rather than its valuation at...
About 70% of working South Africans have medical cover of some sort, this is according to infoQuest, a South African online research company. This information is contained in infoQuest’s latest research on the healthcare system in South Africa. The data showed that the incidence of having medical cover is significantly higher amongst males than females. The report revealed that access to quality...
Investing for an income is what you do, for example, when buying a life annuity with your retirement savings. You aren’t investing for some long-term accumulation goal; you are putting your money in an investment that will hopefully give you a sustainable return from which you can withdraw at regular intervals for your day-to-day living expenses. Your income from this investment needs to increase each...
Investing in a coastal estate is beneficial for everyone from first-time buyers to families and retirees, but the big debate is often between buying a home or buying land and building oneself. While buying a completed home is a better investment choice for some, there are some significant benefits to buying vacant land. “For long-term investors who are looking to create a home unique to their specific...
South Africans can now use their cryptocurrency to purchase real estate in a process that is both secure and fully compliant.This is a first in the South African property industry and was created by a group of savvy industry insiders from Broll Auctions and Sales, Schindlers Attorneys, and Schindlers Digital Assets.The new scheme will allow cryptocurrency holders to convert digital assets into property...
South African private residential property investors, people who own and have purchased (not inherited) three or more properties for R100,000 or more in today’s monetary term, are losing their appetite for their growing portfolios, according to Lightstone. Lightstone is a provider of comprehensive data, analytics and systems on property, automotive and business assets. In a statement, Lightstone said...
Balwin Properties’ headline earnings fell 57% to 16.26 cents a share for the six months to August 31 after activity in the residential property sector remained under significant pressure, mainly due to the prolonged high interest rate environment. The developer of large, middle-to-upper income sectional title estate's revenue decreased 28% to R852.7 million, while profit for the period fell by 57% to...
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