by Lawrence
Yip, I’m taking about those dudes who get ‘paid’ to lie around on the beach all day long, smoke a little weed, pick up all the hot women, and get a great tan… oh, pardon me, did I forget to mention…they also surf! And before all the surfers out there get their hackles up…this ain’t an article criticising surfers – far from it. In fact, it’s more written in envy – but let’s face it – many people out there have the perception that surfers don’t have much in the way of ambition or intellect. Hopefully this article will change that viewpoint! And houses..? Maybe it’s me who’s smoking the good stuff? After all, what do houses, surfers, or your investments in the stock market have in common? Let me explain… Who would have thought that property was the best thing since sliced cheese way back in 2000? In fact, from 2000 through 2006, house prices in South Africa rose by an average of 20% per year. You could do no wrong by buying property and selling off plan was all the rage. Unfortunately it all came to a grinding halt towards the end of 2007 and now it seems ...
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Investment
by Lawrence
“Lawrence, explain this to me… I’ve been investing R500 each and every month for the past five years…and now you’re telling me that my investment is worth less than what I’ve paid in? I may as well have left it in my bank account!” I’ve heard these same words so many times in the past that I thought I’d address this right now once and for all. As with most calamities there’s always two sides to the story. One side of the story has to do with the “myth” of compound interest…and the other side of the story has to do with exit strategies! Today let’s kick off the discussion by explaining… What exactly is compound interest? Ever heard the story about the one grain of rice? Well here’s how the story goes (my version anyway)… The evil rajah (let’s call him Bob!) believes he’s the fairest ruler in the land. While hoarding millions of tons of rice for himself, his people are starving! Now Bob, being a pseudo-intellectual, loved the game of chess. One day he decided to offer the inventor of the game one wish. But the inventor of chess wasn’t a dodo*. He asked for the following: ...
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Investment
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