This is going to be a year where you have to take part in the investment industry and not sit on the sideline. If you have cash, there will be plenty of sound companies to invest in. If you have debt, you have to kill it before you start investing, and never get back into debt!
I don't think lump sum investing is the way to go but be sure to follow a phasing in plan over say 6 months. In this blog I will provide you with some investment truths, according to me, and can and should be tested with other investment professionals.
I will provide a unbiased, objective opinion about stuff I read. The problem with consulting an investment professional is that you have to have lots of money to talk to the good ones or you have to pay a consulting fee which can be rather high. The major drawback is that lots of the so called advisers provide subjective advice and do not act in your best interest.
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Some comments on the simple, fundamental ways to manage your finances.
Remember
I only offer my opinion and not advice, based on 20 years in the industry of investments.
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About Me
- JoeSoap
- I qualified as a CA in 1992 and after working in Florida, USA, for a couple of months joined a small wealth management company in SA. This company is currently one of the biggest Private Wealth Companies in SA. I joined a Private Bank in 2005 and after 2.5 years decided that the Corporate life is not for me. Currently I am involved in yet another small wealth management company called JWR Financial Services, where we assist people in planning and managing their wealth.
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