08/07/2019
FINANCIAL PLANNING SOCIETY LUNCH HOUR TALK USING INVESTING FOR WEALTH CREATION
During the month of May, the Financial Planning Society hosted a lunch hour talk themed Investments. The event was aimed at providing informative information to students on the relevance of investing, using investing for wealth creation and investing from a young age. Three speakers were invited to the event, Mr David Rigby and Mr Greg Louw, both Financial Advisors from PW Harvey & Co accompanied by Mr Gavin Harvey, a co-director at PW Harvey & Co.
The Human Resources Officer, Khayalethu Khoza, greeted our audience and introduced the guest speakers of the event.The speakers, David Rigby and Greg Louw shared insights on the importance of investing. They started to speak about how to establish holistic relationships with clients and helping them achieve their financial goals through investing. A risk profile is necessary to determine the client’s appetite for risk tolerance and risk capacity to align them with favourable investments. Various fact fund sheets were displayed, showing the returns from different asset managers over the years. There are certain factors, like inflation, which have an effect on client’s investments and they need to be aware of such. They also spoke about the costs involved which is a fixed percentage according to the performance of the investments. One of the advantages of long-term capital growth is a client’s time horizon. The younger that people start to invest, the better they can live comfortable lives financially.
The afternoon was concluded by the Public Relations Officer, Thandolwethu Mboniswa, giving thanks and presenting the guest speakers with gifts. Refreshments were served and one audience member won a prize after answering a question correctly.
The lunch hour talk was a splendid success. Special thanks to the executive team for participating and putting the event together. The executive would also like to thank the Department of Business Management, Mr Matchaba-Hove and Mrs Kinsman for their support. We look forward to seeing you at our future events in the second semester.
