Blog

June 14, 2017

Meet the non-conspicuous saver and investor

The Millionaire Next Door, a long-time personal finance bestseller that has found a place in the bookshelves of generation after generation of investors, has turned 21. In 1994, late US academics Thomas Stanley and William Danko first published their telling blueprint for the quiet accumulation of wealth in an understated, non-showy fashion. This is the opposite of the get-rich-quick approach. Based on comprehensive surveys over some years plus face-to-face interviews of hundreds of wealthy individuals, Stanley and Danko wrote that “prodigious accumulators of wealth” (PAWs) are typically modest in their spending habits; they don’t tend to look like rich. By contrast, […]
May 31, 2017

The right questions to ask yourself in June

June is a favourite month. It is an important marker: the year’s mid-point when you can reflect on progress made to date yet still with enough time left to achieve more before the year draws to a close. Until you talk tax. Then June takes on more urgency. It is the end of the financial year, the end of another tax year and time for some serious chats with the accountant. When it comes to investing, a very important measure is the after-tax return. Because that is the figure you get to put in the bank, reinvest or use to […]
May 24, 2017

Responsibilities of an executor

If you’re the eldest sibling in the family, or deemed to be the “most responsible”; if you’re seen to be a good friend by someone; or a fine upstanding citizen by others, chances are you will be asked to be an executor of someone’s will. After you’ve enjoyed the warm feeling of being wanted, just pause for a moment and take stock of what it really means to assume this most important role. You need to be aware that when the person dies, you will be required to spend a significant amount of time executing your responsibilities – and these […]