You made it. You made it through to January pay day. For most people, this is more exciting than their birthdays. But why do we do this to ourselves every single year? Why do we recklessly throw all caution to the wind with our budgets over December, making January feel like every single day is a week and an endless stretch to make ends meet? It may have something to do with the totally unrealistic New Year's resolutions we set for ourselves. They are always so all-encompassing, leaving no room for failure, until inevitably they're forgotten, and we are left right back where we started.
This is a good time to start making plans instead of promises by compiling a tangible action list that will yield rewards instead of resentment. There are so many vehicles for financial growth that are more accessible for the average South African than ever before; all it takes is a bit of investment savvy.
CM Trading, an award-winning online trading company, is committed to providing an essential investment service to South African clients who prefer an out-of-the-box approach to investment opportunities. "Trading in shares and commodities has always been something that has been out of reach for the average South African," says Daniel Kibel, director and founder of CM Trading, "but we have found a quick and easy way to help the consumer trade effectively, be it on their phone, iPad or PC, all at the touch of a button."
Of course, year-round saving is essential to ensure that your nest egg grows steadily, but any extra windfalls that you may have, such as a commission, a bonus or extra income, could provide the opportunity for an alternative investment strategy, such as share trading.
When asked why this should be a consideration, Kibel says: "The return that one can make through online share trading is so much more than the interest rate that the banks will offer you (on a fixed deposit from the major South African banks, the average rate is between 4% and 5%). Responsible and expertly guided share trading can net you so much more.
"Anyone can become a trader through our unique website and our easy-to-use and understand portals. You don't have to be a trading genius or have years of experience as a stock broker; we have created the platform to allow you to do it yourself. Everything required for you to make a successful start is provided."
It is not possible to foresee exactly what the financial future holds, but strategising a tangible plan will go a long way towards easing the January strain next year.
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