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Tax Savvy Guide: Maximize Tax Efficient Investment Decisions Before End-Feb 2021
The famous statement by Benjamin Franklin reminds us of the two certainties in life – death & taxes. There is little control we have over the first, however the second can be managed by following the correct strategic approach. The South African government has...
‘Blue Wave’ Returns to the Agenda with Senate Flip
Two months after the US election, the Democrats have flipped the Senate, with unexpected victories in two run-offs in Georgia. This gives President-elect Biden a much greater chance of implementing his policies, which are likely to include further stimulus with a...
Lessons from 2020 to Remember in 2021
Who would have thought we would kick off 2021 in almost the same manner as 2020? Even though we were all hopeful that 2021 would start on better footing, numerous countries are still in lockdown, South Africa is fighting against its second surge of Covid-19 infections...
What the Latest Rating Downgrades Mean for the Average South African
On Friday the 20th of November, South Africans received another blow from global ratings agencies when we were further downgraded by Moody’s and Fitch Ratings. This comes at a time when the country is struggling to keep its head above water following the past 10 years...
The Biden Bounce
The US election is over, and markets seem to be enjoying the dance, much to the astonishment of many. Biden is set to deliver the stimulus in the coming weeks – which has a ripple effect on the world at large - but with a divide within the House of Representatives...
The Dangers of Printing Money
Should the South African Reserve Bank print money while the country continues to experience financial debt pressure exacerbated by the Covid-19 pandemic? Printing Rands will prevent the need to increase taxes and borrowings at higher costs following the recent...
Reflecting on 2020
The end of 2020 is just around the corner, and boy what a year it has been. Who would have thought that 2020 would be the year that a pandemic would bring the world to a semi-standstill? We certainly didn’t anticipate that ‘zoom’ would become a buzzword, facemasks...
US Election 2020: Four more Years or a Blue Sweep and the Implications for Markets
Covid resurgence in Europe, Belarus protests, BLM, Tito’s medium-term budget, SA corruption clampdown with some long overdue arrests… With all that’s going on in the World right now you have every reason to feel exhausted! The December break cannot come quick enough,...
Trying to avoid Estate Duty may result in Higher Taxes
Although they say nothing is certain in this world, except death and taxes, it is even worse when we think about having to pay taxes simply for dying, in other words, paying Estate Duty with our hard-earned money as opposed to it going to our nominated beneficiaries....
Why Invest Offshore?
The benefits of investing offshore and the impact of the exchange rate on returns. At Resolute Wealth, we are firm advocates of the benefits associated with investing offshore and have been actively advising our clients over the years to ensure that they have an...
South Africa – An Attractive Investment Destination or a Death Trap?
In a recent interview with The Money Show’s Bruce Whitfield and RECM (fund manager) Chairperson Piet Viljoen, it was refreshing to hear something different. Not necessarily ecstatically positive, but not entirely awful either. The dynamics are...
What to do if you Receive Income from Two Sources
Taxpayers who receive income from more than one source of employment or pension are reminded that the employees’ tax (PAYE) deducted by the respective employers or pension funds may not be enough to cover their final tax liability on assessment. The reason for this is...
FOMO and FAANG Stocks – Beware of Emotional Drivers when it comes to Investing
Fear of missing out, or rather “FOMO” isn’t just a concept that applies to missing out on socials or fun activities. In the world of finance, when certain areas of the market perform well, investors often want to sell out of their current investments and buy into the...
Retirement Reforms: Cut the Noise
In a recent article posted by Maya Fisher-French, she writes and includes a wide variety of sources on the topic of retirement reform and some of the negative news that is circulating. At Resolute Wealth, we do believe in cutting through the noise and sticking to...
The Differences Between a Financial Advisor and a Broker
Although a financial advisor and a broker seem similar to an outsider, financial advisors and brokers perform vastly different roles in the financial services industry. A broker is tied to one company resulting in a disadvantage to the client as the broker will only...
The Cash Conundrum
Investing offshore can be intimidating and holding cash in a foreign bank account is often perceived as an easy way to gain offshore exposure. However, it is likely that the investor’s money will not grow due to very low interest rates, and on death, it can be...