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Ok. Got itMarilize Lansdell introduces Nedbank Private Wealth's latest newsletter.
Although large-scale, national lockdowns have eased globally and economic activity in South Africa has mostly resumed, economies and markets remain fragile as they try to navigate the ongoing crisis, and our daily routines remain far from ‘normal’. By now it is clear that volatility is the norm.
We cannot predict the future, control the markets, or know with certainty when a vaccine for Covid-19 will be available. But we can use our specialist skills to help you make informed decisions about your wealth so that you can meet both your short-term needs and keep your long-term objectives intact where possible. In times like these, personal, objective advice is invaluable. I encourage you to speak to your relationship manager if you have questions or concerns. We have the expertise and experience to help you consider all the options and understand the consequences, so that you can have peace of mind.
The volatility of the past few months has highlighted the importance of diversifying your wealth more than ever. The crisis has proved that even the most trusted safe havens aren’t always safe. In his article, our Head of International, Hein Klee, discusses why it is important for South Africans to diversify their portfolios internationally. He highlights the benefits of higher potential growth, reduced investment risk, and currency protection. Staying on the global front, Tracy Muller, our Head of Fiduciary, shares her expert insights on the tax consequences of international trusts. While international trusts offer several advantages relating to succession and estate planning, it is critical to understand the tax implications of these trusts, which Tracy explains in this article.
In light of the uncertain environment, we also look at why it is important to maintain a long-term view and a level head when making investment decisions. Andrew Mackenzie, Head of Portfolio Management, emphasises that having a clear investment plan is the most effective way to protect yourself from making emotion-based decisions that you may regret later.
On the digital front, we remain committed to continuously advancing our digital capabilities to help you access and manage your wealth at your convenience. One of these digital tools is our online share trading platform, which offers a range of features to help you improve your trading skills, even if you don’t have a trading account. Head of Investment Management, Donald Rogan, provides an overview of these handy tools. We also remind you of the Avo super app, which is designed to provide you with convenient access to online shopping and other essential services.
June was youth month, and in reflecting on that and supporting our youth, our Head of Philanthropy, Noxolo Hlongwane, explains why the social sector offers compelling opportunities for SA youth, enabling them to make a meaningful and lasting positive impact on the future of our society.
If you missed our recent webinars, we provide links to the recordings. Make sure you don’t miss the next webinar coming up on 20 August, where we will discuss how Covid-19 is affecting the local and international property sector. Lastly, we include a reminder that we are in the process of phasing out cheques and will stop using them completely in 2021.
We hope you enjoy the read. If you have any feedback, please feel free to share this with us.
By Marilize Lansdell, Wealth Management Managing Executive