It’s Women’s Month, and we’ve been thinking lately about all the ways in which women are wonderful in matters of money.Women as investors don’t get praised often enough - there’s been an unfortunate stereotype in the past that keeps finances in ‘man territory’. Today, we’d like to honour the ladies in our stock markets and on our shareholders’ boards and count the ways in which they rock and the things male investors can learn from them.
If there were a set of commandments for investing, the first commandment may well be this: know your seasons.Just like a surfer or fisherman know the tides of their favourite spots, prudent investors know the market cycles.
It’s not for nothing that cyber crime and hacking was considered 2019’s number one “major risk” by the world’s largest insurer, Allianz, in their latest Risk Barometer Survey. These days, it’s not if the security of your electronic identity and assets will be tried by a criminal, it’s when.
‘Tax season’ elicits in most people the kind of shudder you’d imagine ‘open season’ to elicit in hunted animals. We all hate doing our taxes and, because of this, we often postpone the inevitable, sometimes with horrible consequences like penalties and waiting hours at SARS.