From unit trusts to savings accounts and endowment policies, South Africans have a myriad of savings vehicles to choose from and yet the harsh reality is that we do not save enough. According to the South African Savings Institute (SASI) ‘when compared to its peers, South Africa’s national savings rate is still dismal.’ SASI goes on to say that ‘the World Economic Forums’ 2011/12 Global Competitiveness Report ranks South Africa 72nd in the world for its gross national savings rate equivalent to 20% of GDP. This is well behind BRICS country peers like China, ranked 2nd with savings equal to 54% of GDP, India at 15th with 34.7%, and Russia at 44th with 24.7%.’ How do you know if you are saving enough? Grab a piece of paper, a quiet moment away from the family and consider a few what-if scenarios.
had recently read about new way to make money buying and selling currency. Its called Forex Tracer. It is an automated Forex Signaling and trading software. The ad states the system works unbelievably well and is 100% legal! It sure got my interest when they said I could make money even while sleeping. Sleeping is something I do well!This review is based on the fact that I started out 100% green and knowing very little about the forex market. Like most folks I have read about possible profits in buying and selling different nations currency. First, lets learn a little about forex.WHAT IS forex ?The Foreign Exchange, called forex market, is the largest financial market in the world, with over $1.2 trillion changing hands every single day. It is many times larger than the New York stock exchange. What is traded on the Foreign Exchange? The easy answer is money. Forex trading is where the currency of one nation is traded for that of another. Therefore, Forex trading is always traded in pairs. The most commonly traded currency pairs are traded against the US Dollar (USD). The major currency pairs are the Euro Dollar (EUR/USD); the British Pound (GBP/USD); the Japanese Yen (USD/JPY); and the Swiss Franc (USD/CHF). Because there is no central exchange for the forex market, these pairs are traded over the telephone and online through a global network of banks, multinational corporations, brokers and currency traders. BENEFITS OF FOREX TRADINGLEVERAGE: When you trade in the forex market, a small margin deposit can allow you to control a much larger total contract value. Leverage gives the trader the ability to make very nice profits and at the same time keep the risk of losing your cash to a minimum.LIQUIDITY: Because the Forex Market is so very large, it is also very easy to sell and turn your trade to cash. This means that by clicking your mouse you can quickly buy and sell.PROFIT IN BOTH RISING AND FALLING MARKETS: One of the most exciting advantages of the forex market is the ability to generate profits whether a currency pair rising or falling.24HRS: From Sunday evening to Friday Afternoon EST the forex market is open for business.DEMO ACCOUNTS: These are available so you can practice without the chance of losing any capital.One of the potential benefits of using forex tracer was that it would be up and running in a very short time. This is really true. It was easy to download and install on my computer. I have a DSL but bet it would work as well with a dial up connection.They go on to state that this software will handle currency buys and sells on Autopilot. I must admit I am tempted to invest some of my hard earned money but for now I am content to test it using a Demo account. People like me with no experience will find it very easy to understand and use. This software will even place the trades for you.I had a chance to look at program and also use it. I read through it in 2 hrs and very next day I placed a demo trade.In the demo mode I have placed a total of three trades for USD/CHF (Swiss Francs). All three would have made me money had I been doing it for real. It even closed me out automatically in one trade. No wonder they say you can make money while you sleep.The Forex Tracer software is easy to understand and is reasonably priced.
If you have just recently paid your insurance agent for your car insurance, and the price had increased again, you only have yourself to blame! You could have saved yourself hundreds of dollars with just one phone call plus about one hour research. If you use the same insurance agent every year, chances are your premiums will rise every year. Weve come to expect the premiums to increase, but it doesnt have to be that way. Let me introduce you to apathy – apathy is your insurance agents best friend, he loves apathy because he knows its what will send you back to him next year. You will renew your car insurance with him every year because its what you have always done. His office is just along the street from where you work so its convenient to call in during your lunch break to sort things out. Im sure there are lots of other reasons why you stay with the agent, but let me give you a couple of reasons you should change.At a shareholders meeting recently, the CEO of one of Americas biggest car insurance companies said a shift of power towards the consumer is taking place and we dont want to lose customers to other companies at a price we would be comfortable with. His words not mine!That means that for years they have been setting your rates much higher than they needed to, for them to make a comfortable profit. They would have been comfortable charging you less, but they knew they didnt have to for them to retain your business. If you embrace apathy and accept the increases in their rates every year, they have you as their hostage and things will never change. What Can You Do?Two words – comparison shopping! There is no law that says you must buy your car insurance form you local agent, you can buy it from anywhere. Spend one hour on the Internet and compare as many deals as you can find, I guarantee that you will find a better rate. When you have collected your deals, call your local insurance agent and let him know that you are planning to move your business, often you will find that he is comfortable charging you much less now than he originally said!The bottom line is you need to invest about 1 hour of your time to do this, but if you manage to save $200, hey thats not a bad hourly rate. This technique will work for almost anyone, but its especially powerful if your premiums are higher than the average for a certain reason – if youre looking for car insurance for teenagers say. One more quick tip, dont just limit it to car insurance, do the same for your home insurance, health insurance, etc.