White collar, corporate sector jobs are generally more desirable than those in the blue collar reality of manufacturing or agriculture. Plus they pay considerably more, but not everybody is that lucky. If you’re feeling negative about your job today, this article is bound to make your deskjob seem like a carnival.
Whether your family is poor or fabulously wealthy, children need to understand the value of money from an early age. Without a real time commitment to charity and some prolonged exposure to the harsher realities of life, wealthy children are unlikely to develop a sense of responsibility that should accompany their wealth. A sense of entitlement combined with a lack of real responsibilities is enough to destabilise the nicest children.
The combination of a low interest rate environment and an ingrained reluctance amongst investors to finance consumption out of capital is resulting in many South Africans searching for yield producing investments in order to fund their lifestyles. According to Wilhelm Hertzog, portfolio manager of RE:CM, this tactic is dangerous, as chasing yield bring about significant risk for investors.
When starting a new job, you will be able to move your pension across to the new employer’s pension fund, or you could opt to retain the assets in a provident fund. What should you consider when making this decision? Both the new company’s pension fund and preservation funds are governed by the Pension Funds Act, but there are certainly differences between them. These differences relate primarily to accessing the funds, investment choice offered, costs and the type of fund at your existing company and at your new company.