Don’t be tempted

Finweek English Edition - - LETTERS -

DEAR DESIREE Congratulations on be­ing able to save R478 000 un­der very dif­fi­cult cir­cum­stances. And fur­ther congratulations on not be­ing tempted to in­vest your money in a get-rich-quick scheme such as Share­max or PICvest, as you would now have had noth­ing left to in­vest.

There’s a sec­ond im­por­tant les­son in the letter, and it’s aimed es­pe­cially at mid-sized busi­nesses. You can’t and shouldn’t man­age your own pen­sion fund. In my many years as a stock­bro­ker I all too of­ten saw how small busi­nesses,

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