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If the investment industry has learned one lesson from the global economic crisis and the protracted recovery that the world currently finds itself in, it has learned that discretion is the better part of valour.
Once you have started a new job with a promising career path, your first salary should be the catalyst to make you think seriously about using and investing your money wisely. Putting together a financial plan with the help of an accredited financial advisor, or reviewing your existing plan, is an important step toward achieving your long term financial goals.
When it comes to your year-end bonus, you probably feel less inhibited in how you spend this money than with your monthly income. This will be especially true if the pay-out coincides with the arrival of the festive season and its many spending temptations.
Novare CIS has been granted regulatory approval to launch South Africa’s first retail hedge funds under the new legal dispensation introduced in February this year, resulting in hedge funds being regulated under the Collective Investments Schemes Control Act (CISCA) that encompasses unit trusts.
The strongest deterrent against FSP compliance missteps is or should be: