SP Wealth Management

Plan your financial future by keeping it easy to implement & understand. SPWM is an advisory & management service company, small in size yet big on delivery.

[SP Wealth Management @spwealth]

#Oldmutual is onto something...We always believed in #simplicity. #ifa

[SP Wealth Management @spwealth]

The ��two pot” retirement fund system could boost household disposable incomes by as little as R31 billion or as much as R79 billion in the fourth quarter of the year, estimates the Reserve Bank.

[SP Wealth Management @spwealth]

#PepsiCo SA is selling its popular #Marmite and #Bovril
brands in #SouthAfrica, along with the business unit that produces them, to a privately owned Canadian-based company called #Lallemand.

[SP Wealth Management @spwealth]

Are you invested in any of these #veblen companies?

[SP Wealth Management @spwealth]

France last ran a surplus in 1974 when its debt-to-GDP ratio was 20%:  today it is 112%. The US has gone from 65% in 1994 to 56% in 2000 to 123%📉 today. #TikTok !Written on the US dollar is the Latin phrase: “Novus ordo seclorum”: a new order of the ages. How portentous.

[SP Wealth Management @spwealth]

The #USA owns the world’s reserve currency: the #USD. It owns – & owes – 39% of the world’s gov debt. It “controls” the world’s risk-free rate on capital: the yield on the US Treasury’s 10-year bond. It generates over 40% and runs over 60% of the world’s budget deficits.

[SP Wealth Management @spwealth]

Keynes’ famous quote about #bankers: “A ‘sound’ banker, alas, is not one who foresees danger and avoids it, but one who, when he is ruined, is ruined in a conventional and orthodox way along with his fellows, so that no one can really blame him.”

[SP Wealth Management @spwealth]

The maximum compensation limit the #Ombud for Financial Services (#Fais Ombud) can award to consumers and investors for financial prejudice or damage has been raised from R800 000 to R3.5 million.

[SP Wealth Management @spwealth]

Taiwanese multinational hardware group #Acer is set to start to manufacturing computer monitors in #SouthAfrica, a move which the company says will create local #jobs and drive down the cost of its products.

[SP Wealth Management @spwealth]

Here we go, #BTC    issuers. No accessibility remains an issue for long-term sustainability. #Bloomberg

[SP Wealth Management @spwealth]

@E2Grace @TheTennisLetter He is the GOAT!

[SP Wealth Management @spwealth]

The next Senior Loan Officer Opinion Survey on Bank Lending Practices in the US will be done in Jul & published in Aug. Will there be risk-on in value stocks? Risk-on strategies incl investments in emerging-market equities, commodities,currencies & bonds.

[SP Wealth Management @spwealth]

#RSABUDGET2023 #Expenditure Total consolidated government spending will amount to R7.08 trillion over the next 3 years, of which 51% or R3.6 trillion is allocated for the social wage. The 2023 Budget allocates additional funding totaling R227 billion over the next 3 years.

[SP Wealth Management @spwealth]

#RSABUDGET2023 #revenue and #macroeconomic outlook. Government will achieve a main budget primary surplus in 2022/23. Main budget non-
interest expenditure will grow, on average, slightly above #CPI inflation in the outer two years of the medium-term expenditure framework period.

[SP Wealth Management @spwealth]

@Richard_Spoor Biden played the #Trump card early in the game.

[SP Wealth Management @spwealth]

@StephenGrootes @SAfmRadio #Neutrality is good and demonstrates independence. We are part of #BRICS and therefore we are party to relationship building. Its like asking why do we belong to BRICS?

[SP Wealth Management @spwealth]

#RA Season. Some tax rates that will assist you making a decision to invest today:
*Individual policyholder fund: 30%;
*Untaxed policyholder fund:❤️%;
*Company policyholder fund: 28% (🔻to 27% from 31 March);
*Corporate fund: 28% (🔻to 27%); &
*Risk policy fund: 28% (🔻to 27%).

[SP Wealth Management @spwealth]

#inflation impacting household #USA!

[SP Wealth Management @spwealth]

#SP500 already confirmed that the US is in a #BearMarket2022. What this means that there will be more pain to bare by the #workingclass.

[SP Wealth Management @spwealth]

@eNCA @GarethEdwardsSA We should give the voucher system serious consideration than a cash grant in hand. Establishing food banks is another option that ties in with the voucher system.