Ricardo Teixeira

wealth management professional | property developer | paddler | loving husband | proud dad

[Ricardo Teixeira @thisismeRicardo]

Why crypto should be a part of your financial plan. It's not a fad and deserves a place in your long term wealth creation.
#cryptocurrencies #Bitcoin #financialplanning #assetallocation
https://t.co/5nkZihrhUa via @@BDO_SA

[Vatican News @VaticanNews]

White smoke! The 133 Cardinal electors gathered in the Vatican’s Sistine Chapel have elected the new Pope. He will appear soon at the central window of St. Peter’s Basilica.

[Ricardo Teixeira @thisismeRicardo]

Our cities are in need of independent leadership. The frequent changes in cadre-deployed leadership (all parties), results in tenures too short to achieve any meaningful progress. ⁦@CityofJoburgZA⁩ ⁦@BDliveSA⁩ ⁦@PresidencyZA⁩ https://t.co/v9jqfHmLSt

[Mark Sham @MarkSham]

For anyone thinking about leaving South Africa permanently, I'd like to attempt to share a balanced perspective on this topic as a well-seasoned traveller and someone that has lived away from home.

I spend a lot of time in Europe and whenever I visit, I’m always struck by a powerful quote:

“There are no solutions. There are only trade-offs.”

On paper, there are many things wrong with South Africa. So many in fact, that I don't blame people for leaving. The problem is, most people think the act of leaving is the solution, when really all they're doing is trading one set of pros and cons for another.

Sometimes people are so focused on what they don't like about about their home country while simultaneously taking the amazing aspects for granted. You only really understand the intrinsic value of these overlooked qualities when you're on the other side of the world for a while.

The problem is, once you're in a new country, and once the rose tinted glasses come off, there will be many other things you don't like on that side of the world too.

As crazy as this may sound, I actually encourage people to leave if they really want to. We live in a global world and it's not true that just because you're born somewhere, it means you have to stay there forever. The only advice I ever add is, just make sure you have many good reasons to arrive in a new place. Running away from something will make moving even harder than it already is.

As someone that travels a lot, I speak to many South Africans all over the world. There is no question that most of them see South Africa differently after living abroad for a while. Many other nationalities feel the same about their home country too.

That said, moving away may indeed be the best thing that some of you have ever done. I think the reason for this is simple. When you move, you will either love it or hate it over time depending on what you value. But again, you never just value one thing. And this is often why moving is hard.

Like most of you, I value safety and security but I also value that warm South African spirit and friendliness.

In Europe, I really value the ease of travel. This is something that's a lot harder to get right back home. When you're in Europe, you are two hours away from 50 world-class cities. But then travel can be incredibly expensive this side compared to back home. The cost of eating out is so much cheaper and you get so much more bang for your buck.

I could keep going with the comparisons but again, no matter where you live in the world, you have to be aware of all the trade-offs should you want to leave. Leaving in and of itself isn't the solution.

The best solution I have personally come up with is that I want to live on two continents at once. As someone who doesn't have kids and is self-employed, this is possible even though most people keep telling me I'm crazy.

I absolute LOVE Europe for many reasons, but I also love South Africa for others. As it stands now, I don't think I ever want to leave South Africa completely but I also can't live in just one country my whole life. So I'm going to do both (again).

If my version of life sounds crazy to you, I think people who leave because they hate one or two aspects of a country they were born in without considering the other trade-offs are even more insane.

Last point. The reason why there's no right or wrong answer to leaving your home country is because the trade-offs are all relative. Asking someone else if they're happy they moved isn't going to answer the question directly for you.

I don't blame anyone for wanting more from life. Sometimes a move will give you just that, and other times it will show you that you had the best of life at your fingertips all along. Sometimes you will realise you were never meant to live in just one place, and sometimes you'll be crazy enough to want to live on two continents at once.

[MichaelKitces @MichaelKitces]

Powerful chart from @awealthofcs about how it all averages out in the long run. The orange bars are 1-year returns in the market. The blue line shows the rolling 30-year returns. Amazing how stable it is in the end...?

"One Year Returns Don't Matter" https://t.co/ketpK2T6EH

[Gauteng Department of Education @EducationGP1]

📸: Gauteng Education MEC @matomekopano convened a meeting with Gerard Ohlson de Fine from Umphakathi Development and Training, one of the Department’s partners in providing engineering skills within Schools of Specialisation and the Multi-Certification Skills Programme

#GGT2030

[Alan Smith @AlanJLSmith]

Instead of referring to portfolios as “medium risk”, low-risk” or whatever, how about referring to them in terms of “Probability of running out of money in retirement?”

It’s time to get better at framing the problem investors are really trying to solve.

[Ricardo Teixeira @thisismeRicardo]

Getting the best from your financial planning advice practice for 2023 - a checklist of focus areas to set you up for success. #businessplanning #strategy ⁦@BDO_SA⁩ https://t.co/Mkz3IqmwcT

[Kobus Kleyn CFP® 🇿🇦 @KleynKobus]

It is tought as a financial practice to survive out there after a tough couple of years.

It is time to turn it around and thrive going forward.

Read this article where @thisismeRicardo and I team up in conversation with Gareth S…https://t.co/jEldg5pHhy https://t.co/bq8jcVqmwl

[Ricardo Teixeira @thisismeRicardo]

@AlanJLSmith That’s a perfectly normal perspective. Having purpose in one’s life is essential to living a meaningful life. Work can be purpose.

[Ricardo Teixeira @thisismeRicardo]

5 signs you might be financially illiterate. Can you recognise any of these traits in yourself? https://t.co/zDz9z9wdDf via @@BDO_SA

#financialplanning #goodadvice @FPI_SA

[Ricardo Teixeira @thisismeRicardo]

It’s encouraging to see the level of engagement from the @go2uj students in #financialplanning. The future is certainly bright for #CFP professionals in South Africa. @FPSB @FPI_SA

[BDO Graduates @bdograds]

Congratulations to all the participating teams and the Winners of today's BDO UJ Trusted Adviser Project 2022 awards. We are confident in our Financial Planning future!

#bdoproud #IAMBDO #uj #financialplanning

[Ricardo Teixeira @thisismeRicardo]

Are you the first in your family to graduate? Here’s some advice from @AkhonaModi @BDO_SA #financialplanning in conversation with @mayaonmoney . https://t.co/j5In0saqJy #money #financialsecurity

[Old Mutual SA @OldMutualSA]

How much you save today will determine what you can afford to buy in your retirement. #JustStart

[SuperSport Football ⚽️ @SSFootball]

Kaizer Chiefs walk away with ALL the bragging rights ✌👏

#SowetoDerby #DStvPrem

[Busani Mtalana @busani_mtalana]

Kaizer Chiefs family hit ❤️

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🥅.
The rest was history😂

[COVER Tony @covertony]

@FPI_SA It Starts with Me award goes to @thisismeRicardo CONGRATS!! #2022FPIConvention @COVERchat

[Elon Musk @elonmusk]

Very important to fix your Twitter feed:

1. Tap home button.
2. Tap stars on upper right of screen.
3. Select “Latest tweets”.

You are being manipulated by the algorithm in ways you don’t realize.

Easy to switch back & forth to see the difference.

[MichaelKitces @MichaelKitces]

So important yet so poorly understood.

A 'simple' all-lower-case 18-letter password (e.g., a sequence of 4-5 short words) is exponentially more secure than your uppercase-lowercase-number-symbol jumble.

(Better if they're not dictionary words, but still good if they are.)

[BDO South Africa @BDO_SA]

#BDOProud of our Corporate Finance Team!

[MichaelKitces @MichaelKitces]

Always incredible to see the original homepage for Amazon.

How many people fail to create something great b/c they're embarassed their first attempt will look like this, & never even give it a chance to grow to what it could become?

Don't get stuck worrying about the first try.