Page 20 - • waterfall_10_Sept2020.indd

Waterfall news

HoW to iMpRoVe

YouR financiaL

pLan RiGHt noW Inspired Learners: Connected, Creative,

& Courageous

t he current circumstances By Nirdev Desai, Head of Sales, PSG Wealth implement your financial goals in this through Grade 12 co-educational school founded in
The American International School of Johannesburg

AISJ is a leading Pre-Kindergarten
time of uncertainty. An evaluation of
prove why it is important

to anticipate that financial
plans can be disrupted the plan is needed on an annual basis 1982. AISJ is situated on two beautiful and spacious
at least, no matter what, so that you
and may need to evolve. are on top of where (and when) to campuses, with state-of-the-art facilities that serve
adjust again if needed. For example, Johannesburg and Pretoria. AISJ is a truly international
The ’20-slot rule’, as explained by Warren determine your income drawdown community which values and embraces the diversity of
Buffet, is the concept of imagining that strategy as well as the possibility of its students, faculty and staff. AISJ offers a nurturing and

you only have 20 investment decisions an adjusted retirement timeline if engaging learning environment, small class sizes,
to make in your lifetime. This means it you’re behind on your retirement international opportunities, and a range of teaching

is essential to make sure each financial savings. Maximise tax incentives too. strategies aimed at providing optimal learning and growth
decision made has a meaningful impact for all students. AISJ offers a balanced program with
on your overall financial goals. This #4 put yourself in a position emphasis on the four pillars:

principle holds true when applied to to succeed Academics, Athletics, Arts, and Service Learning.

financial planning as it sharpens the There is one key habit that will help you
mind to select carefully, think long-term, reach your goals: becoming a better admissions@aisj-jhb.com
and thoroughly consider the risks that saver. Financial advisers can only help www.aisj-jhb.com
could derail your key financial decisions. those who are willing to commit to a

financial plan, and it is likely to include
Planning for, and adjusting to, various products for different goals. In 107 18 26

unexpected circumstances will volatile times people tend to withdraw
ensure that your financial blueprint their investments and then increase their different student maximum number years of offering

remains executable and relevant. savings as soon as they can. But liquidity nationalities of students International
While Buffett readily admits that not An example would be additional constraints on lower incomes or higher per class Baccalaureate

all of your investment decisions will financial reliance from a family member levels of unemployment, coupled with Diploma Program

be successful, sticking to the 20-slot who has lost their job due to the market lower share prices, make these very bad
rule will ensure that the losses from impacts of COVID-19. It is a norm in our times to be withdrawing investments.
the less successful decisions will be society to have multiple generations
well covered by the successful ones. depending on one (or two) individual’s #5 Understand that changes 98% 23 60%

Just because one investment decision income, which means financial planning (and market fluctuations) are
in your financial plan doesn’t work needs to be more intergenerational, and inevitable of graduates go to different faculty of our educators

out as intended, doesn’t mean they may require some adjustment now. Investment decision-making is only global universities nationalities hold masters

will all underperform. In addition one component of financial planning. degrees
to the 20-slot rule, here are our top #2 put protection in place It is important to engage with your
five tips to consider in the process If your regular income is key to building financial adviser, who can separate

of building a wealth plan, whether up your savings and investment pools, emotion from your investments and 28 70 2
going through a pandemic or not. what are you doing to ensure these help you to ensure that your plan is
continue through good and bad robust, and adapting to life events, while
campuses in
#1 use your environment economic conditions? You should also be still delivering on your defined goals. international trip sport & co-curricular Johannesburg & Pretoria

activities on offer
opportunities in
Uncertainty, coupled with constant insured against personal disruptors such the arts & athletics
negative news, may cause investors as severe illness, disabilities, and divorce. For many people, hindsight comes
to make emotional investment too late and their ‘planning for rainy

decisions. However, to combat #3 Maximise financial vehicles days’ might be triggered when
this, use this information to your Consider your asset allocations to they are least able to do so. But you
benefit by adjusting your plan if investments by having a conversation needn’t let poor planning impact you

you are in the position to do so. with your adviser about how to negatively (again) if you can help it.
18 Waterfall Issue 10 2020