Sieg Prigge - Professional Financial Adviser

15 years

Oil prices should decline further at the start of 2024. Together with a decline in inflation and subsequent interest rates, next year could be another good year for the equity market

I would also translate this as "How Americans think about long term investing and tax efficient planning". It is most top of mind for Boomers and least top of mind for Gen-Z.

This trend is very similar all over the world not just in the US.

"Retirement" is a boring word because we associate it with being old. However, we should consider that retirement just means you don't rely on a working/business income anymore but you still have similar needs, you eat, you go on holiday and you want a decent quality of life.

At age 65 or 70 or 75 for example you may still have 20 years of quality life in front of you!

Make sure you have future cashflow and capital ready for those years. Optimal planning today can make those your best years ever.

Relying on your children to look after you one day is not a retirement plan.

RETIREMENT PLANNING IS LIKE PLANNING YOUR LAST 20 YEAR HOLIDAY PARTY ⛱️🎉🍾😎

Working hard (and smart) is a life hack in itself. What else are you going to do? Wait till your "ship comes in"?

Build your own ship. If your ship does come in, well, then you have two ships! Congratulations🏆

A wise man once said:

"If you can't manage a small budget with discipline, why do you think you deserve a big budget?"

Inflation is cooling down in South Africa

6.3% CPI in May below market expectations. This could help the reserve bank to pause interest rate hikes

Car Prices South Africa vs other countries in US Dollars

The Laffer Curve explained and how it affects South Africa




Source: DailyInvestor

IMAGE: US INFLATION FIGURES (Source: tradingeconomics)

When you are in the middle of an economic crisis and something as sensitive as your money is linked to it, we tend to believe that the pain won't end. There is a psychological flaw that makes us think losing $100 is twice as painful as gaining $100 (even if just paper losses not realised).

Global markets were down massively during the middle to end of last year and have recovered well since then.

Inflation was a major talking point and it was easy to get caught up in negative talk.

Inflation seems to be getting closer to normal again.

When it comes to our finances we have about 480 pay days (months) to build assets, invest, save and navigate life's challenges. "Career"

We then have about 300 pay days (months) when we are more fragile and older, and our income generation could be health permitting and we will depend more heavily on what we built up. "Retirement"

Make sure you make the right decisions along the way.

"It is tough to be old, but tougher to be old and poor" - Unknown

We all get dealt different cards in life. We cannot choose our upbringing, parents, or opportunities as a child. But when you are an adult, you can direct your life. Make the best of what you are given.