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Some people have their sights set on the goal of reaching financial independence so that paid work becomes optional, way before retirement age. Sounds idyllic but it is possible? writes Abdallah Moosa.
Protect your capital through risk management By Opinion By Abdallah Moosa Risk management is often under-appreciated by investors, as it is not always obvious what risks they really face when making investment decisions. An important risk that many investors face, often unknowingly, is concentration risk. This is where an investor has all his or her investment assets exposed to either a single investment or to a few investments that are similar, and as a result is exposed to the risk of losses so significant that recovery would be unlikely. Put simply, you have all your eggs in one basket and...
Old-gen vs new-gen RAs, and why it matters By Opinion Share An old-generation retirement annuity fund (RA), which is policy based, is vastly different from a new-generation unit-trust based RA. Abdallah Moosa, a planner and actuary at Cape Town-based wealth management company Fiscal Private Client Services, says RAs fall under the category of retirement funds (including pension and provident funds). “They are essentially a ‘personal retirement fund’, and contributions are typically ad-hoc. The contributions are tax-deductible up to a prescribed limit. In addition, investment growth on f...