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PODCAST

The Fat Wallet Show from Just One Lap

The Fat Wallet Show is a show about questions. It"s about admitting that we don"t know everything, but that we"re willing to learn. Most of all, it"s about understanding as much as we can to make us all better investors. Phrases like, "I"m not sure" or, "Let me look that up and get back to you" or, "I don"t know" don"t exist in the financial services industry. If you ever had a financial question you were too embarrassed to ask, you know what we"re talking about. In this business, appearances

education investing

All Episodes

01:03:43

Understanding returns (#186)

The Fat Wallet Show from Just One Lap ·

2020/02/09

“Return” is one of those words that Finances Bros simply love to throw around. Good luck trying to have a conversation about investments without hearing all about it. This week, we discuss why return is something you can basically forget about, if your Finance Bro will let you. We explain what the word “return” could mean, depending on the circumstances. We help you figure out how to know whether a return is good or bad. This is important, because a positive return can be a bad return. It’s one of

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01:02:09

Financial crisis management (#185)

The Fat Wallet Show from Just One Lap ·

2020/02/02

Life has this dreadful habit of happening. Almost always these goings on require money to solve. The financial foundation we advocate is designed to help you cope with financial crises when they happen. When you have no debt, sufficient short-term insurance, an emergency fund, medical aid and dread and disability cover, you have some tools in your time of need. Unfortunately life doesn’t sit around waiting for us to have our ducks in a row before causing drama. Sometimes you have to do the best with

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01:03:17

How to spot a bad financial product (#184)

The Fat Wallet Show from Just One Lap ·

2020/01/26

The financial world is filled with dreadful products. Avoiding them all is a tempting strategy, but not feasible for most people. In our first full episode of the year, Simon and I dedicate some time to help you spot a bad product. Below is a checklist of red flags you should watch out for before investing in these products/ Debt Interest Balloon payments Revolving loans Fees Savings TFSA in cash Disclosure - 13% compound vs simple Fees Products that are tied to other products Insurance and

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44:44

The fee revolution (#183)

The Fat Wallet Show from Just One Lap ·

2020/01/19

The world changed for the better this week. You may have missed it, but OUTvest launched a retirement annuity (RA) product whose fees will hopefully change the way we think about fees forever. With Simon recovering from a vicious flu, this week’s episode sees OUTvest head Grant Locke explain his revolutionary new product. We return to our regular programming next week, unless Simon succumbs.

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09:26

Cash in a TFSA (#182)

The Fat Wallet Show from Just One Lap ·

2020/01/12

Most of the time I hate it when people say “the exception to prove the rule”. It doesn’t make any sense. Except sometimes it does. When it comes to tax-free investing, you want to be in equity. It’s because you save tax in three places: dividends, capital gains and income. However, not everybody should be in equity. People who will need the money in less than five years should really be in cash. People who are already living from their savings would also probably not benefit from an equity

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16:07

Financially savvy kids (#181)

The Fat Wallet Show from Just One Lap ·

2020/01/05

If it’s parenting advice you’re after, you’ve come to the wrong place. The reason why we have quiet places to record is precisely because we don’t have kids. However, we know a thing or two about the financial system. This week we help soon-to-be dad Daniel to figure out where he can save for his future baby. Daniel We’re expecting our first in June 2020. I want to, as you so many times suggested on the show, take out a TFSA for the boss baby. Thing is, I don’t trust the kid to not blow it all on

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11:49

When should rands become dollars? (#180)

The Fat Wallet Show from Just One Lap ·

2019/12/29

Timing is everything in investing. If you could get the timing right on every single investment, you’d be rich before anyone else. What we want, in theory, is to put the money in when it costs the least and take it out when it costs the most. That’s it, really. Unfortunately it’s impossible to know for sure when that is. We guess, we try. Sometimes we get lucky, but most of the time we aim for the ballpark. In this episode, we help Nicole work out when is a good time to take her money out of the

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10:30

Talking to family about money (#179)

The Fat Wallet Show from Just One Lap ·

2019/12/22

Why is it so hard to talk to family about money? Shouldn’t the people who love and care about us most be most open to what we have to say? At our live event in Cape Town, someone wanted to know how they can convince their family members to think like them about money. We said it’s impossible, but Ivan disagrees. If this is a problem you’ve been longing to solve, you don’t want to miss this episode. Ivan I listen to the Dave Ramsey Show podcast. On one of the shows someone asked the exact question

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13:22

Emigration preparation (#178)

The Fat Wallet Show from Just One Lap ·

2019/12/15

If you know you'll be leaving the country for good in the next few years, should you invest your money or keep everything in cash? In the first of five mini Fat Wallet episodes, we help Karlien think through some options. Karlien Your show gets me excited to invest, but I'm at a weird place right now. I'm getting married next year and then we want to immigrate to the Netherlands because I'm a Dutch citizen. We aren't very likely to return to SA permanently. I have no debt and I'm currently saving

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01:03:57

End of year money reflections (#177)

The Fat Wallet Show from Just One Lap ·

2019/12/08

The end of the year is a good time to take stock of how things went financially. At the beginning of 2018, Simon and I discussed our money resolutions for the year. At the end of last year, we revisited some of our financial assumptions. To wrap up our 2019 Fat Wallet year, we once again discuss our personal finances and which assumptions we’ve come to challenge throughout the year. For me, learning to relax is always a challenge. I spent a lot of money on a holiday and it took me a while to

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01:01:39

What's the deal with tax brackets? (#176)

The Fat Wallet Show from Just One Lap ·

2019/12/01

For the longest time I thought a progressive tax system referred to how we spend our tax money. Poor, naive me. It turns out that a progressive tax system means there’s not one tax rate. How much tax you pay depends on how much money you make. Your tax rate gets progressively higher as you earn more income. In a way, you pay less tax on the money you make first. The table below shows how your income is taxed. Unless you’re in the lowest tax bracket, you’ll notice a rand amount before the percentage

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01:06:11

My first investment (#175)

The Fat Wallet Show from Just One Lap ·

2019/11/24

Whenever I hear from someone about to make their first investment (or take their first yoga class), I get a pang of nostalgia. I’ll never forget my first investment — the thrill, the terror, the sense of achievement, the self-rewarded grown-up badge. Fear was definitely the biggest part of it. True to form, I made it as hard as possible on myself by doing a single lump-sum investment. It was the biggest amount of money I’d ever had. Sending it into the unknown was nerve-wracking. When I finally

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01:03:25

Stock market risk (#174)

The Fat Wallet Show from Just One Lap ·

2019/11/17

This week’s show is the second of the risk-series, sponsored by the Index and Structured Solutions team at Absa CIB. In the first episode we spoke about financial risks that aren’t investment-specific. This time, we talk about risks specifically related to the stock market and your portfolio. When it comes to investing, we’re most concerned about losing money. In share investments, losing money generally means selling a share at a lower price than you paid for it. However, it’s also important to

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01:07:22

Is my portfolio over-exposed? (#173)

The Fat Wallet Show from Just One Lap ·

2019/11/10

What are the implications of buying two ETFs that have similar holdings? Raesetsja is trying to figure out if they should add MSCI World to a portfolio of S&P500 holdings. In this week’s episode, we show you how to figure out what doubling up would mean for your portfolio using local Satrix ETFs as an example. Remember, you can find the minimum disclosure documents (MDDs) on each issuer’s website, or find everything in one place on the etfSA.co.za website. Subscribe to our RSS feed here.

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59:32

Live from Cape Town (#172)

The Fat Wallet Show from Just One Lap ·

2019/11/03

This is our very first live recording in Cape Town, and what a pleasure it was. Our conversations with you change the way we think about our money. Also, seeing people laugh at your stupid jokes instead of hoping to goodness that someone finds you funny is a wonderful ego boost. This week we help Antony figure out if it’s time for his family to self-insure their medical aid. While the consensus seems to be that it’s not worth the risk, I enjoy playing Devil’s Advocate. There’s more than one way to

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48:57

Your questions - part two (#171)

The Fat Wallet Show from Just One Lap ·

2019/10/27

In this second instalment of my Holiday Show Load, we are not nearly so clever. We tried to push through as many questions as we could, but you know how chatty we get! This is the Double Jenny episode, which delights me no end. We discussed some of the things Jenny the First can do to choose the right ETF for her. If you find yourself in a similar position, you can find some more tips on making this choice by reading the below articles: Comparing ETFs: Costs Comparing ETFs: Asset classes Comparing

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39:21

Your questions - part one (#170)

The Fat Wallet Show from Just One Lap ·

2019/10/20

In honour of my long-awaited holiday, we spent two shows doing nothing but answering questions. This is the first. Don’t forget we’ll be at the JSE in Cape Town for a live recording of The Fat Wallet Show on 31 October. Win of the week: Jonathan The fees are a little confusing, because the quote has three different fee tables, all represented in a slightly different way. Depending on who you are, this is either super transparent, or designed to confuse - or both. I learned three things. One,

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01:05:42

Which investment is most important? (#169)

The Fat Wallet Show from Just One Lap ·

2019/10/13

If you’re a regular listener, you already know your emergency fund is the most important thing in your financial life. It’s boring, yes, but crucial. You should protect the assets you have with insurance. For as long as you’re earning an income, you are your most important asset, so dread disease and disability cover is a big deal. Once those two elements are in place, where you go next becomes more complicated. We think everyone should have tax-free investment account. If you’re a salary-earning

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01:03:33

ETF unit pricing (#168)

The Fat Wallet Show from Just One Lap ·

2019/10/06

This week, Ben inspires us to delve into how ETF units are priced. A recent presentation of our favourite five concepts made me realise how far removed share prices are from the companies whose shares we buy. After the initial public offering (IPO), what happens to the share price can be entirely unrelated to the business. When we talk about how ETF units are priced, we refer to the net asset value (NAV) or the “fair price” of the ETF. However, NAV in ETFs have nothing to do with the NAV of the

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01:04:35

Rights and recourse (#167)

The Fat Wallet Show from Just One Lap ·

2019/09/29

Earlier this week we introduced ourselves to the education department at the financial sector conduct authority (FSCA). They recommended we spend some time on what you can do when you feel like you’ve been wronged financially. In this episode we discuss what rights you have on your financial journey. We also offer some ideas of where to go if you need to report shenanigans. We help you find the answer throughout your financial journey: Debt If you didn’t take on the debt If you feel like you

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