Investing for Yachties

Investing for Yachties Hitting the yachts in the next few months, or already a seafarer?

Investing for Yachties helps South African yacht crew successfully map out their financial futures.

25/01/2022

Are you ready to get started with your financial plan? 🤓

Do you have five minutes to spare?☝🏽

We have partnered with Sutherland Bell to share a survey that will create a snapshot of your current financial circumstances.

The questions are short, fun, and easy to answer. It should only take about five minutes to complete and if you get stuck, simply move on. Don’t be afraid to guess! 🧐

🔗 LINK IN BIO 🔗

Once completed, we will have a better understanding of your financial situation, your goals, and what / who is important in your life! 🤗

Together we can kickstart your financial journey! 🚀

19/11/2021

1) Spend in a smart way. ✅
2) Invest often. ✅
3) Be patient. ✅

These are but three simple tips for being a successful investor. 📈

Yes, it is that simple. The hardest part is starting, but that is what we are here for...

We know that working on the yachts can be both time-consuming and tiring.

However, starting your investment can be a quick and straightforward process, but only if you hand over your currency and money matters to the right people! 🤓

11/11/2021

Do you plan for ‘when I get the next pay cheque?’ or ‘when I get a promotion?' 💭

Instead of spending more when your salary increases, could you consider perhaps investing more? 🧐

Having a goal-based budget that factors in your future increases and bonuses can help you stay the course.

Make sure that no matter the circumstance, you are directing your income to what matters most to you in the long run. 🎯

27/10/2021

Do you have an accountability buddy? 🙋🏽‍♀️ 🙋🏽‍♂️

Having an accountability partner is like having a personal trainer for your finances.

You determine your goals and financial plan alongside your financial planner whereas your accountability buddy helps keep you on track in moments of doubt and weakness.

The trick is to find the right person – someone whom you trust and can depend on to regularly keep you in check.

Do you have a savings buddy? If not, why not?

Are you worried about investing and not having access to your money?Note: Not all investments lock your money away for a...
22/07/2021

Are you worried about investing and not having access to your money?

Note: Not all investments lock your money away for a set period of time.

If you open a basic offshore, unit trust or tax-free investment, you will likely be able to access your funds within two to seven business days.

However, if you have a medium- to long-term investment, it is advised that you don’t tap into this money in the short term (like an ATM) 🏧. This is so your investment is given the time it needs to grow and recover from any short-term fluctuations.

Although you should have an emergency plan in place for any surprise events, perhaps just knowing that your investment can be accessed if needed will give you peace of mind.

What’s holding you back from starting your investment?

Different investments have different timelines.When you invest for the long term, be prepared for short-term highs and l...
20/07/2021

Different investments have different timelines.

When you invest for the long term, be prepared for short-term highs and lows 📉📈

In this attention economy, filled with real-time 24/7 news alerts, it’s difficult not to respond to market updates, but knee-jerk actions can be damaging to your investment. Withdrawing during a market dip can lock in a permanent investment loss.

That’s why choosing a financial planner and currency partner who can manage your investment while you are busy on the yachts is essential.

You focus on what’s important to you and let us do the rest.

You don’t need a big sum of money to start an investment. Neither do you need to have your life meticulously mapped out....
15/07/2021

You don’t need a big sum of money to start an investment. Neither do you need to have your life meticulously mapped out.

The trick is to take small steps 🪜 – not an anxiety-inducing leap.

This could look like writing down your top three financial goals today, contacting a financial planner next week and investing your first lump sum in the next two months.

Before you know it, you will be building your nest egg 🏠💰

Let us help you break your investment plan into small, easy-to-reach steps and milestones. Contact us today 📲

What can I invest in?You have many options when it comes to where to invest your hard-earned yachtie salary 💰Here are tw...
13/07/2021

What can I invest in?

You have many options when it comes to where to invest your hard-earned yachtie salary 💰

Here are two options worth considering:

1. A traditional offshore unit trust fund: Your money is pooled with that of other investors and invested in a portfolio of assets. Costs associated with these types of funds can be high due to the active management of a portfolio manager, however the potential for growth is often significant.

2. An index tracker: A pooled investment fund (like the above) which tracks an entire market index like the S&P 500. Costs are relatively low since this type of fund is passively managed.

Remember, each type of fund has different objectives, levels of risk and suggested timelines for investing.

Before making a decision, consult Matt and Courtney on money on currency matters.

Since you are earning foreign currency, it is natural only to consider investing in an offshore fund. But this isn’t you...
08/07/2021

Since you are earning foreign currency, it is natural only to consider investing in an offshore fund. But this isn’t your only option.

If you would prefer to send your money back home, you can consider one of the following:

1️⃣ Traditional unit trust
In this investment vehicle, you have the option to choose from a range of investment funds. Your investment can experience capital growth, interest and dividends, but you may incur capital gains tax if you switch or withdraw.

2️⃣ Tax-free investment
Similar to the above except any growth in this investment is not taxed. Certain restrictions apply regarding the amounts you can contribute annually.

3️⃣ Retirement annuity
The name speaks for itself. With this investment you are saving for your old age. You are only able to access your investment from the age of 55 and there are restrictions in terms of the asset classes you can invest in.

If you are interested in any one of these, Matt can help with the financial advice and Courtney will ensure you have the right currency for the job.

Ok, so you’ve decided you want to invest. Box ticked, now what?This is what we will do:1. We choose a date to meet virtu...
06/07/2021

Ok, so you’ve decided you want to invest. Box ticked, now what?

This is what we will do:

1. We choose a date to meet virtually to discuss your financial goals 📅
2. We present you with a range of investment vehicles and funds suited to these goals 📊
3. You complete the relevant forms with our help and we send them to the investment company on your behalf 📑
4. If any currency conversions are needed, Courtney will guide you with the help of Currency Partners 💰
5. You EFT the money to the relevant investment bank account 💵

Don’t let the actual process of investing put you off, it’s easier if you break it down into digestible chunks.

Simple right? What’s holding you back?

📲🙋‍♀️

Need another reason to invest your yachtie salary?The SA Rand is often considered to be one of the most volatile currenc...
02/07/2021

Need another reason to invest your yachtie salary?

The SA Rand is often considered to be one of the most volatile currencies in the world.

Diversifying your wealth by investing offshore can help protect your money against any potential weakening of the Rand.

Spreading your risk across different economies, regions and currencies also protects your wealth from any ups-and-downs in the market.

Don’t forget – the Johannesburg Stock Exchange (JSE) makes up only 1% of the total listed global equity market. By not investing your foreign currency you are missing out on opportunities that would not necessarily be available to you in SA.

Contact Courtney today about any currency questions you may have.

29/06/2021

Saving up for your first property? How much should you put away each month? 🏡

Say you want to purchase a flat when you stop working on the yachts in three years’ time. How much do you need to save to save up for sizeable deposit?

Imagine the flat will cost ±R1.5M and you would like to put down 10%. Assuming a 9% interest rate, to reach your goal, you should consider investing ±R3 786 per month with an annual escalation of 10% p.a. for the next three years.

Your savings goal not as simple? No fear – financial planner Matt can help with that.

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