Knowing when to ask for help

House soldAt Northwood financial services we have a panel of dedicated professionals that assist us and our clients with a host of different issues.

Recently I received an email from a home-owner. Having sold his property, he is now struggling to get occupational rental from the buyer who had taken early occupation. In this instance, it is much harder to help. Continue reading

Junk Status – Protecting your Standard of Living

Residential property house investmentThe last blog touched on how Northwood protects clients’ wealth by adding diversity to the unit trust investment portfolios on offer. This week, we will look at creating wealth by adding more diversified investments.

Our clients know that when it comes to investments, we prescribe to the “don’t put all your eggs in one basket” philosophy. We seek to add value and diversity to all our client’s portfolios to creatively manage risks.

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Junk Status – Protecting your investments

Junk status - investmentsEver since the news broke that South Africa’s credit rating was downgraded to junk status, our office has been inundated by calls and emails from concerned investors that listen to Finance 101 on CCFM.

Most of these investors have investments with insurance companies, and experienced a significant loss of their investment capital. However, investors with Passive Investments reported the highest losses.

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Reckless Spending

credit-card-spendingAt certain times of the year, we as consumers are encouraged to spend money. The festive season in December is by far the biggest financial drain. Then January rolls around, and if you have kids, you are met by all the ‘back to school’ expenses. Next, Valentine’s Day arrives, and before you know it you’re buying Easter eggs!

During these times, we are prone to Reckless Spending, often on a credit card. We all know the symptoms: The holidays and special events come, causing us to reach for our credit cards more often than we should. We end up swiping, sometimes without even keeping track of how much we’ve spent.

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Check Those Beneficiaries

insurance-beneficiariesWhen was the last time you reviewed your nominated beneficiaries? This is one of those things that we don’t really give much thought to.

Certain life events such as marriage, or the birth of a child, often come and go without us giving any thought to who would benefit from our Financial Planning. Forgetting to update a policy or plan could unintentionally create hardship for your loved ones.

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