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Al­though both Om­phile and Dipolelo are in the Wealth Ac­cu­mu­la­tion phase of their fi­nan­cial jour­ney, nei­ther of them has a holis­tic plan on how all their in­vest­ments fit to­gether, or whether what they are cur­rently con­tribut­ing – for ex­am­ple, Dipolelo’s education fund – will be enough to meet their long-term goals. Be­fore in­vest­ing fur­ther, all the can­di­dates need to un­der­take a risk-pro­fil­ing ex­er­cise with their fi­nan­cial ad­viser and cre­ate a com­pre­hen­sive in­vest­ment strat­egy that takes all their needs into con­sid­er­a­tion. They’ll need to look at education, emer­gency funds, lobola and re­tire­ment – as well as their life­style goals, such as one day own­ing a farm or run­ning their own

busi­ness.

TUMELO

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