IOL Personal Finance -​ 3rd Quarter 202​1

PF_MAG_3rdQ-2021-cover.jpg

MEN, WOMEN AND RISK

The release of this publication coincides with Women’s Month, and it contains three articles focusing on women: the cover story on women investors; one on how different arrangements between partners, within and outside of marriage, can result in different financial outcomes; and a profile of Raazia Ganie, one of the increasing number of women in senior positions in the financial sector.

It’s a well-established fact that men take more risks than women; hence they pay higher car insurance premiums. However, one area where women could try to behave a little more like their male counterparts is in long-term investing. Here it is beneficial to take on more risk, by investing in growth assets such as equities, instead of “staying safe” in cash. This is because investment risk, in the form of market volatility, while high in the short-term, diminishes over time, in the same way that the numbers of heads and tails you get on flipping a coin even out to 50-50 the more flips you do. Advantageously, this approach produces returns likely to beat inflation by a significant margin, unlike investing in cash, which one adviser recently nominated the “highest-risk” investment owing to its inability to produce a decent real (after-inflation) return.

Women needn’t act completely contrary to their nature and take irresponsible risks, such as short-term bets on crypto or forex, but they can improve their investment outcomes by acting a little less cautiously when it comes to saving for their retirement. Enjoy the feature on page 8.

Many women are still very reliant on their partners for their financial security, a fact taken up in the article “Head over heart” on page 13. But the type of financial arrangement you have with your partner is dependent on whether you are married or not, and, if you are, the type of marital regime you are married under. Unpleasant as it may seem, you need to know where you will stand in the case of the death of your partner or divorce.

Other edifying reads in this edition include a look at taxes on cryptocurrencies, prospects for sub-Saharan Africa as it struggles to emerge from the pandemic, and an update on ESG investing: for those new to the term, it means investing taking environmental, social and governance criteria into consideration.

https://bit.ly/IOL_PF_3rdQrt2021

Brandstories Disclaimer:

Brandstories is not liable for the contents of the information published on this platform. The information which subscribers publish on this website is for general information purposes only and Brandstories facilitates the ability for viewers and subscribers to access this platform. Subscribers who publish their content on Brandstories are held responsible for their own content. This includes ensuring that it is factually accurate, grammatically correct, free of spelling errors, and does not contain unsavoury content that could result in legal action. In the case of linguistic translations, the onus is on the client to ensure that the translation is accurate. In no event does Brandstories make representations or warranties of any kind, expressed or implied about the completeness, accuracy, reliability, suitability or availability with respect to the information supplied and published. This website includes links to other websites, including third party websites. Brandstories does not recommend, endorse or support any views that are held by subscribers publishing information, and within these links provided. Furthermore, Brandstories does not have control over the nature, contents and availability of information contained on these sites. Any form of reliance readers and consumers may place on information published on Brandstories is strictly at their own risk. Brandstories makes every effort to ensure that the website is up and running smoothly at all times, however Brandstories does not take responsibility for, and will not be held liable for times when the website is temporarily unavailable due to technical glitches that are beyond our control.

African News Agency (ANA) - Digital Magazines A portfolio of digital magazine offerings ranging from food, to travel to motoring. Our magazines cover a wider range of topics, catering to a diverse set of interests for both readers and advertisers alike. We can also custom design magazines suited to your individual business requirements or niche market. Email: [email protected] Visit: https://issuu.com/independentnewspapers/docs