on the vast fortunes to be made . The bubble finally burst in September and the stock eventually became worthless . Newton sold out when the stock was worth only 15 % of the price at which he had bought it a few months before . He lost £ 20 000 ( today that would be R60 million ) and he was almost bankrupted .
“ I can calculate the movements of heavenly bodies , but not the madness of people ”, was his famous quote after this staggering financial loss . He forbade anyone to utter the words “ South Seas ” in his presence ever again .
Here is some advice on how to tame that person in the mirror :
• Do not invest in something that you know little about .
• Have a long-term plan , and stick to it .
• There is no such a thing as a risk-free investment . If an investment promises a yield much higher than the bank can offer , you should be seeing warning lights . If it was indeed such a good deal , the banks would themselves have invested in it , and competition for funds to invest by the banks would have driven up the return they are offering you .
• Do not confuse luck with expertise . Making a few good guesses does not make you ( or any adviser ) a knowledgeable investor . Even a broken watch is on time twice a day . There is a bunch of circumstances that are required before you will gain from your bet . First , if you are wrong , you lose . Obviously . But if you are right and the market and other investors expected it as well , then there is also not much to gain , as it would already be in the price . Other investors and the market must be wrong for you to gain . And even more than that , you must be right on how they would react . Do not make big
“’ n Briljante boek wat alles wat ons oor geld moet weet op ’ n duidelike en verstaanbare manier verduidelik ” – Warren Ingram
“’ n Uitstekende handleiding om enige finansiële tsoenami te oorleef ” – Ryk van Niekerk
Covid-19 het die wêreldekonomie soos ’ n atoombom getref . Die markte het oornag getuimel en die pandemie het groot skade aan die geldsake van individue én maatskappye aangerig . Skielik lyk die wêreld en die toekoms uiters wankelrig .
Wat nou ? Hoe hou ek kop in sulke onseker tye ? Hoe maak ek voorsiening en sorg dat ek en my gesin finansieel oukei is te midde van hierdie – en ander – krisisse ?
Theo Vorster is een van die land se voorste welvaartkenners en aanbieder van kykNET se “ Sakegesprek ”. In Jou geldsake gee hy riglyne oor hoe om rasionele langtermynbesluite in moeilike en uitdagende omstandighede te neem .
Hy bespreek die bedreigings wat jou finansiële reis kan laat ontspoor en gee die goue reëls wat jou sal help met besluitneming in krisistye . Hy gee ook waardevolle riglyne oor wat om te doen om te verseker dat jy te midde van onsekerheid , vrese en markwisselvalligheid steeds jou beleggingsbestemming kan bereik .
Onsekerheid en krisistye laat baie mense moedeloos en vuisvoos , maar dit hoef nie . Met die regte kennis kan jy en jou gesin moeilike tye oorleef en finansieel aanhou floreer .
NIEFIKSIE ISBN : 978-0-6240-9139-4
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