Diversification is not just an approach to adopt during market volatility; it’s generally good practice. And, if you want to create a portfolio that mitigates risk and beats inflation, diversification offers one of the best ways to increase your portfolio growth and amplify your savings. There’s no single “correct” way to diversify your investment portfolio. The overriding principle is to mix assets and classes in a way that helps minimise risk while achieving a higher rate […]
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Making financial planning convenient
Whether you have money in the bank or not, making financial planning convenient can help you achieve your goals and thrive. At WellsFaber, we want to help you improve how you feel, think and act with your money, regardless of how much you have, and making personal financial planning convenient is key to this journey. A good financial plan will give you confidence when it comes to managing your cash and substantially reduce the worry over […]
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Crush it, and rest; says Carl
Carl Richards, the Sketch Guy columnist from The New York Times, recently shared an enlightening view on our hustle culture. Online engagement has increased our stress levels by making work, social pressures and media agenda more invasive than ever. We can easily believe that if we’re not “on top”, we’re not working hard enough. We need to go out there and crush it until we make it. But the reality is that we generally crush it […]
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All we actually have
“Self-care is never a selfish act—it is simply good stewardship of the only gift I have, the gift I was put on earth to offer to others.” Parker Palmer There are so many books about gifts, skills, talents, and strengths trying to help us understand how unique we are and how to identify and define a quality that gives us purpose. The bottom line is that when everything is stripped away, who we are, not what […]
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When the goalposts keep moving
“The only way to find permanent joy is by embracing the fact that nothing is permanent.” – Martha Beck. Over the last few decades, investment strategies have developed and evolved to move away from market-related benchmarks toward personal goals and outcomes. Modern investors are now creating plans that are more personalised and unique than ever before. The marketplace is innovating to provide models, funds and alternatives to whet even the most exclusive investment appetites. However, even […]
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Don’t be a bully
“Never be bullied into silence. Never allow yourself to be made a victim. Accept no one’s definition of your life, but define yourself.” Harvey Fierstein Sometimes, our biggest bully is ourselves when we succumb to believing the untruths that people have spoken to us for years and years. Because money is intrinsically linked to every choice we make, our financial position in our early life will affect how we view money today – and have a […]
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What’s costing you more?
“As soon as we become aware of money, we develop beliefs about it, beliefs we cling to, sometimes for the rest of our lives, often at the cost of our souls.” – George Kinder What’s costing you more: what you do with your money or what you believe about your money? For many people, the beginning of financial planning involves the creation and maintenance of a budget. A budget is a practical and helpful tool for […]
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Dollar-cost-averaging
People often joke about the weather in Cape Town, saying that you can experience all four seasons in one day. And, if you speak to a local, you’ll know that regardless of how warm it is, they’ll always pack a sweater in case the weather turns. Still, as a top tourist destination, the weather doesn’t deter intrepid travellers; they keep returning. Investing in the markets is exactly the same; despite the ups and downs, sometimes, in […]
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Making space for the important stuff
“When you recover or discover something that nourishes your soul and brings joy, care enough about yourself to make room for it in your life.” Jean Shinoda Bolen There’s a great scene in the BBC’s Sherlock Holmes when he enters his mind palace, accessing stored memories to help him solve a case. According to Holmes, he often has to remove unimportant information (like knowing how many planets there are in our solar system) to make space […]
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Protection from too much advice
Bruce Lee once said: Adapt what is useful, reject what is useless, and add what is specifically your own. It’s an exceptional quote that is profoundly helpful when working with a financial plan. However, the difference between our current situation and Lee’s is that in the 60s, it was much harder to access information. Now, we’re overwhelmed with information, and too much advice can derail even the most robust plans. Sifting what is useful from what […]
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