*Friday, 07 May 2021* US Equities had a volatile trading day but managed to rally strongly into the close with the S&P managing to close above 4’200 points, just below its recent all-time high. The Dow Jones Industrial Average rallied more than 300 points, a fresh record high. Paypal rose 1.9% after reporting stronger than…
CLICKS GROUP LTD (CLS:JSE) Business Profile Clicks Group Ltd. operates as an investment holding company, which engages in the retail trade of healthcare products. The company operates through the Retail and Distribution segments. The Retail segment comprises Clicks, health, beauty, and homeware retailer; Claire’s, retailer of jewelry and accessories; GNC, retailer of health and wellness…
ETFs tend to offer lower operating costs than open-end funds (pooling of money from investor and collectively invested in various securities and asset classes). For a prolonged period of time, mutual funds have provided the world with the ability buy diversification instead of constructing a portfolio one security at a time as mutual funds offered…
Currency of the future Before the US, there were only five other nations that had ‘reserve currency’ status, dating back to the 15th century, namely Portugal, Spain, Netherlands, France and Britain. On average, their ‘reserve currency’ status lasted for 94 years. The US Dollar is heading for 101 years as reserve currency in 2021. Although…
The new Tax Amendment Act introduces some significant changes to the definition of financial emigration. Under the new definition, financial emigration means a person’s tax status changes from being a South African resident to a non-resident. The current laws allow for withdrawals from retirement annuities and preservation funds in the event of a financial emigration…
It gives me goosebumps just thinking about it. The power of compound interest is absolutely astounding. When a good friend of mine who owns a photography business wanted to start investing into his own Roth IRA through me I was excited for him. I immediately thought of how we would spend our retirement years reveling…