Page 29 - Waterfall City September Issue 2023
P. 29
SECURITIES CAN
BOOST YOUR
FAMILY’S NEST EGG
The magic of dividends for passive income
By Wendy Myers, Head of Securities, PSG Wealth
“…securities have
consistently proven to beat
inflation over the long-term
more effectively than any
other single asset class.”
ue to the rising prices of Growing a meaningful ‘nest egg’ is the aim of providing a passive income
D food and transport over a necessary step towards achieving for you and your family in retirement
the past few years, South your financial goals, ensuring that and enabling you to choose a work
African investors have seen you can enjoy your retirement years schedule that suits your future health
an increase in the cost of living, as and position yourself to withstand and lifestyle needs. A common and
measured by the consumer price the negative impact of inflation on unfortunate misconception is that
index (CPI). Inflation erodes the your lifestyle. investing is exclusively for the rich
purchasing power of money and (based on the inaccurate belief that
reduces the value of the assets What is meant by a ‘nest building wealth requires a sizeable
you have available to support egg’? amount of money). However, the
you once retired, thus negatively A nest egg refers to a bundle of reality is that successful investment
impacting your financial freedom. financial assets saved over time with outcomes are accessible to those
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