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How to become the next Sylvia Bloom

20 June 2018

A recent New York Times article took many investors by surprise: A frugal legal secretary, who worked at the same firm for 67 years until she retired at the age of 96, was a “closet millionaire” who amassed a fortune of more than US$9 million. Reports claim that Sylvia Bloom joins a host of others who did not live above their means and were completely unassuming in acquiring their wealth: Ronald Read, a former petrol station attendant and janitor who died in June 2014 with a fortune of US$8 million; Grace Groner, a secretary with an estate of US$7 million; and Ronald Murin, a lifelong librarian who had an estate worth US$4 million.

Putting a price on peace of mind

19 June 2018

Risk cover doesn’t have to break the bank.

How necessary is risk cover?

06 June 2018

Old Mutual 2017 GREENLIGHT claims statistics reveal the need is real.

Four issues to consider when opening a tax-rree savings account, says Standard Bank

21 May 2018

Tax-free savings accounts are ideal tools for long term investment strategies, but a huge amount of education is needed to ensure that customers use the products in the most effective manner and avoid becoming victims of the law of unintended consequences, says Standard Bank.

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Question

The strongest deterrent against FSP compliance missteps is or should be:

Answer

A criminal conviction Debarment Fine or penalty Any of the above can work

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