Planning FOR THEIR FUTURE

With the birth of a child comes a great expectation. Parents see future doctors, ballerinas and award-winning actors when their babies are still dozing in their strollers. But children are expensive, and adequate financial planning is a must to ensure fin

BUT WHERE DO you start? The most sensible place would be in taking thorough stock of your current financial position.

PLAN AHEAD

If your family doesn’t have a financial advisor, Sygnia’s RoboAdvisor is an ideal place for novice investors to begin planning their future. This easy-to-navigate online platform takes you through 11 simple steps to evaluate your financial position, your goals and your aspirations. It then calculates your ideal risk appetite and suggests a suitable portfolio to invest in. Best of all, you don’t need to make an appointment, find a babysitter or wash your hair to log on!

START EARLY AND KEEP UP

For most parents, saving for their children’s education is a top priority, but it can be a real challenge to keep up with rising expenses. Education costs increase annually by 8 to 9 percent, which is about three percent higher than consumer price inflation (CPI) – easily outstripping most salary increases and leaving you with a tighter budget. The Sygnia TaxFree Savings Account (TFSA) with a minimum contribution of only R500 per month is an efficient investment vehicle with no dividend, capital gains or income tax payable, so your money grows faster than in a regular savings account.

FUTURE PERFECT

With Sygnia you can choose from a range of low-cost products, which focus on innovation through technology. The Sygnia 4th Industrial Revolution Global Equity Fund is a South African first. It offers local investors exposure to global companies at the forefront of the 4th Industrial Revolution, which sees new technologies merging the physical, digital and biological worlds at an exponential pace. With this unit trust you can invest in the future and own a piece of a dazzling new world. And Sygnia’s recently launched Itrix range of exchange traded funds (ETFs) offers you the opportunity to diversify and track indices in developed world markets. These ETFs offer an efficient, transparent and flexible way for you to invest in overseas stock markets. Saving for your child’s future is no doubt a mammoth task, but time is a powerful ally and a bright future is possible the minute you start saving. For more information on Sygnia product offerings visit sygnia.co.za, call 0860 794 642 (0860 SYGNIA), email admin@sfs.sygnia.co.za or speak to your financial advisor.