At 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
The 2017 banking report generated by the South African Customer Satisfaction Index (SAcsi), an independent survey done on a national scale, makes for interesting reading. The latest report was compiled using data provided by 17483 banking customers. Continue reading
Have you ever considered what would happen if you paid funds into the wrong bank account when transacting online?
Well, for the average consumer, it means that you’ve potentially given away your hard earned cash. When transacting online, only the account number is verified. Continue reading
The 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.
Ever 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.
When it comes to debt, there is the misconception that all debt is bad.
Not many people understand the concept of “Good Debt” vs “Bad Debt”. Continue reading
When you make an Off-Plan purchase, you are essentially buying a home that does not yet exist. There are quite a few details which need to be verified before you decide to go ahead. Continue reading
At 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.
When 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.
Have you ever considered giving yourself an annual gift?
Or maybe a monthly one (on a smaller scale)?
I have a relative who has a very limited budget, but once a month when she achieves her goal, she treats herself by driving to the beach and ordering the biggest ice cream cone she can find. She savours every mouthful while listening to her favorite Gospel singers. If she feels really good, she will even sing along with the noisy gulls while they beg for food. Two slices of bread encourage them to stay close by.