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Savings & Investments – similar yet different | #eBizMoney | Tony Barrett

Savings & Investments – similar yet different | #eBizMoney | Tony Barrett

BizMoney

eBizRadio and FnB have teamed up to produce a series of podcasts examining and explaining the financial services industry in South Africa – the goal of these podcasts is to educate and share insights on the various personal savings and investment issues and options that we all face.

The start of the series;
Tony Barrett, a Wealth Manager of Rand Merchant Bank (subsidiary of FnB) examines the differences between a savings account and an investment.

Tony Barrett – Wealth Manager – RMB

Knowledge of the financial industry is very limited in South Africa and in an effort to address this issue, Tony firstly unpacks:

• The perceptions and myths that many of us have regarding investments, savings and how these incorrect assumptions prejudice our decision making?

• What are the actual differences between SAVINGS and INVESTMENTS; namely how ”time” a ”risk” affect what type of account you should be steering yourself towards.

• Placing SAVINGS & INVESTMENTS into real context in South Africa; Inflation; Lack of education and how savings can combat income erosion (when inflation decreases the ”real” value of someone’s income)’.

www.fnb.co.za

BizMoney

Tony Barrett of Rand Merchant Bank in conversation with eBizRadio’s Nick Snow

About eBizRadio

eBizRadio is a live multi- platformed social media service providing an online forum to the business community for holding conversations on the key issues related to specific businesses as well as availing a space for cross-business collaboration in response to key issues affecting the world of business. The place to go if you want to know about business and lifestyle