MyMoney Online

Voting and investing have similar approaches…

The way you approach your vote is pretty similar to the way to should go about choosing your investments. You need to be careful since in both cases you are stuck with the outcome of your decision for a long while once you make your mark.

Mange your expectations

Get to understand as much as possible what the reasonable outcome will be. Understanding HOW your investment will deliver returns over the period is more important than what it will be. This will avoid being disillusioned. Understanding the capability of your party you vote for to deliver its promise also takes a realistic evaluation. Focussing on HOW things will be achieved is as important than what is promised. In both cases don’t be lulled by promises of unrealistic returns.

Past performance does not predict future

Resting on the laurels of the past does not guarantee much into the future. Circumstances change as well as economies and these have a direct bearing on how investments and governments will perform into the future. To get high returns on your investments against the backdrop of a long sustained weak economy into the future is not that likely. So past stellar performances are not probable in the foreseeable future. Similarly, does your vote consider the parties’ ability to achieve economic success through trying times both locally and globally which will deliver sustained improvement to everyone?

Don’t become endeared to your assets

There comes a time to sell or switch your funds to keep up with the times. Right now is not the time to be aggressive with your investments as there is a great risk of losing capital. So a cautious approach will be more appropriate than an aggressive one. You should use your head not your heart in taking a practical approach rather than one which feels good. Similarly, exercising your vote should be done with reason and logic rather than passion and feeling. If you want things to change you need to do something different.

It all boils down to making sound choices with realistic expectations. It is a responsibility placed on all of us to vote and to invest. Both have a direct bearing on our financial well being into the future.

Listen to the audio below for more information...

Read more from Paul Roelofse at www.investforlife.co.za


Recommended

by NEWSROOM AI
Read More
How to get rich by investing in smoking hot US and Canadian dagga shares

How to get rich by investing in smoking hot US and Canadian dagga shares

Returns of 500% are not unheard of. Is this another crypto-like bubble? Not in the least, says Financial Advisor Warren Ingram.

Millennials – contrary to the stereotype - are very, very good with money

Millennials – contrary to the stereotype - are very, very good with money

Life is really hard for young adults, but they’re more than coping. Old Mutual research suggests older adults can learn from them.

Worried about money? How to have a courageous chat with your spouse about it

Worried about money? How to have a courageous chat with your spouse about it

Life planner Kim Potgieter shares five tips on navigating the complexities around money and relationships.

3 best shares to buy, right now (by Cartesian Capital)

3 best shares to buy, right now (by Cartesian Capital)

Cartesian Capital CEO Anthea Gardner shares her stock picks of the week on The Money Show.

Three reasons why you should have a trust

Three reasons why you should have a trust

A trust is a useful entity in some circumstances as the assets it owns do not belong to you, writes Paul Roelofse .

Three reasons why you shouldn’t have a trust

Three reasons why you shouldn’t have a trust

Having a trust seems like the right thing to do but financial planner, Paul Roelofse says it's not that beneficial for you.

Popular articles
[LISTEN] New Visa regulations could change the face of South African tourism

[LISTEN] New Visa regulations could change the face of South African tourism

Lecturer at TUT's Dept of Tourism, Unathi Henama says that the tourism sector is at the center of the economic policies in SA.

'My hubby is 75 and we still do it' - stories about sex on the other side of 50

'My hubby is 75 and we still do it' - stories about sex on the other side of 50

Is biology putting the brakes on your sexuality? Callers share their experiences of sex and growing older.

'Some weed plants with high levels of chemicals have been linked to psychosis'

'Some weed plants with high levels of chemicals have been linked to psychosis'

Naked Scientist, Chris Smith shares his insights on some of the risks associated with smoking marijuana.

How to get rich by investing in smoking hot US and Canadian dagga shares

How to get rich by investing in smoking hot US and Canadian dagga shares

Returns of 500% are not unheard of. Is this another crypto-like bubble? Not in the least, says Financial Advisor Warren Ingram.

DStv Premium on a downward spiral, warns tech guru

DStv Premium on a downward spiral, warns tech guru

DStv has lost about 140 000 Premium subscribers to Netflix over the past two years, tech expert Arthur Goldstuck.

'Fasting is one of the most powerful tools for healing'

'Fasting is one of the most powerful tools for healing'

Nutritional Scientist and Founder of Life Science Clinic Dr Charlotte Prout-Jones chats to Azania about the benefits of fasting.

Who is Advocate Tembeka Ngcukaitobi?

Who is Advocate Tembeka Ngcukaitobi?

The EFF lawyer stole the show during the state capture report court battle.

What Heritage Day means to South Africans

What Heritage Day means to South Africans

Stephen Grootes discusses what Heritage Day means to South Africans and whether as south Africans do we have a common heritage.