Harbour Wealth – April 2020 Client Update: Q1 2020 was one of worst on record as world markets were gripped by rapid spread of the Corona virus, and consequent dramatic action taken by countries around the world to mitigate the spread and to save lives. This caused many markets, including South Africa to crash. […]
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DO NOT Panic, Part 3
Harbour Wealth – 27 March 2020 Client Update: We write this update after our country has embarked on a 21day lockdown to try flatten the curve of the Corona virus (COVID–19). This is a situation we have never experienced before and hopefully will never again, but it is necessary to save lives and prevent further […]
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Harbour Wealth – 20 March 2020 Client Update: We sent out a note last Friday March 13th with our views and guidance around current markets and investment strategies. Where do markets stand as of 19 March 2020: The market turmoil has continued unfortunately, and we now have many global markets down over 25% over various […]
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DO NOT Panic
Our thoughts on the current market turmoil as of 13 March 2020 Where do markets stand as of 13 March 2020 We are in the midst of a global market crash. Around the world – stock, bond and other markets are falling as participants scramble for safety. There is really no place to hide aside […]
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Let the Taxman give you a helping hand
Don’t leave anything on the table when it comes to tax DEDUCTIONS! The challenges facing government at the moment seem insurmountable. A R60 billion tax shortfall for the tax year ending March 2020, the threat of ratings agency Moody’s downgrade, corruption and inefficiency in critical State-Owned Enterprises, an unsustainable wage bill and massive job losses […]
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It’s Top-up Time!
With December 2019 ending off much better than the dismal last quarter of 2018, one would think that the mood going into 2020 should be a little more optimistic. The SA Equity Market ended off the year with a solid 12.1% return, bonds 10.3%, cash 7.3% with Property lagging at just 1.9%. The lion’s share […]
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Creating Financial Peace of Mind
“At odd and unpredictable times, we cling in fright to the past” – Isaac Asimov While I pen this newsletter in the light created from the office generator there is no doubt, we live in both odd and unpredictable times that we may not have imagined a decade ago. Throw in some populist leaders […]
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Trusts still relevant for asset protection, estate planning and retirement planning?
A trust is a legal arrangement, where assets are held by one party (the trustee) for the benefit of another (beneficiary) as instructed by the owner (trustor/settlor). Recently many people have started to question the usefulness of trusts, given that the tax benefits afforded to trusts in the past, have eroded over time. As a […]
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Life Insurance – Does it have a place?
I was at a friend’s house recently celebrating our rugby world cup victory and what a win it was! We were all in high spirits and excited about our future. Finally, something positive to come out of South Africa. Everyone was celebrating, hugging, there were tears and we were all over-joyed by our successful team. […]
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ETF’s, Passives & The Truth
The last 5 years has seen active fund managers all over the globe, struggling to beat their basic benchmarks. In most instances, the benchmark can be held at a fraction of the cost, in the form of an ETF (Exchange Traded Fund) or Passive (Index) Fund. This has spawned a new wave of criticism from […]
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