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Dollars and Good Sense provides valuable tips and insight on how to better manage your finances. We always want to see our clients grow in their knowledge of their own personal finances.
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Blog Articles
Play Ball: Creating a ‘Winning Portfolio’
Do you remember your high school days of playing money football? A small coin was the ball and each person had one player, a larger coin. The player would be hit with a fudge stick, to score on the opponent. That single player was defender, midfielder and forward. Some of us use one player in our investment strategy, for example cash or stocks, much the way we play in money football, and expect it to play multiple roles in our portfolios. However, your investments will work better for you if, like the real game of football, you have several players positioned in their right role.
Balancing Your Portfolio’s Risk & Return with Unit Trust
The financial sector is seeing a shift away from repurchase (repo) agreements, and the corresponding popularity of collective investment schemes (CIS), in addition to the decline in interest rates on savings accounts. Against this background if, as an investor, you are interested in potentially higher returns, you may need to consider investing in other investment instruments, such as collective investment schemes (CIS) - which includes both unit trusts and mutual funds.
Winning the Financial World Cup
“Goal!” You watch the game just for it, waiting on the edge of your seat. You pray that your defence is solid and that your goalkeeper can block all the opposing strikes. You do not want players simply running around for 90 minutes, no goals scored. Instead you want your team scoring goal after goal and ultimately moving on to claim the World Cup title.
Off-field, do you also want the investments in your portfolio to lead you to achieve your ultimate goal? Who are the “players” you will need to score goal after goal?
An Emergency Fund: Your Safety Net
If you lost your major source of income today, how long could you finance all of your expenses before being forced into debt? If a great investment opportunity became available now, would you be able to finance it while avoiding debt?
Life’s exciting journey shifts between opportunities and challenges, whose timing is outside of our control, and which require immediate cash. Many persons, when faced with similar circumstances, choose to withdraw funds from an investment or retirement account. This is not the best option; an emergency fund provides a better solution. An emergency fund is money reserved for life’s unexpected opportunities and/or mishaps.