The introduction of Tax-Free Savings Accounts (TFSA) by National Treasury on 01 March 2015 was aimed at increasing the South African savings rate and encouraging consumers who previously did not have any savings or investments to start on their savings journey; which would benefit both them and their families in the long run. “Contribute at the beginning of the tax year to receive the full benefit of your Tax-Free Savings Account. This will also ensure that both the capital growth and … [Read more...] about Use Tax-Free annual allocation ahead of new tax year
Aneesa Razack
What to do when the market drops
As an investor, the first action you should avoid when the market drops is panic. Never panic, this can only lead to bad decision making. Aneesa Razack, CEO of FNB Share Investing, says, “Understandably, the reason people invest is because they want to see a return on investment, in other words growth. This is not always the case, particularly in the short run, where the markets may at times experience negative growth. But nothing is permanent in the world of investments; the path to real … [Read more...] about What to do when the market drops
Use tax free benefits to ease possible rise in tax
If tax rates rise soon then consumers running out of time to use current tax free allocation. (See: Brace yourselves – Income tax increase likely for 2017) Consumers are encouraged to use tax free savings vehicles to ease the possibility of increased tax burden after 2017 National Budget Speech. Consumers have until 28 February 2017 to make use of their R30 000 maximum tax free allocation for the current tax year. Aneesa Razack, CEO of FNB Share Investing says it's vital to make use of … [Read more...] about Use tax free benefits to ease possible rise in tax
Do You Possess the Five Traits of a Disciplined Investor?
Starting an investment portfolio, be it big or small, requires some form of commitment from the prospective investor. Most importantly, the investor needs to have a goal in mind before starting to invest. Aneesa Razack, CEO of FNB Share Investing, says "It's quite common that people start investing without having established the reason or aim for starting an investment. Having a clear investment strategy helps in setting goals and timelines. It also helps you to understand your risk appetite … [Read more...] about Do You Possess the Five Traits of a Disciplined Investor?
