Wealth planning is far from simple at present. In this issue of the Marathon Wealth newsletter we consider the effects of COVID-19 on financial markets in terms of value lost and recovered. In many cases equity values have been entirely recaptured and there are even cases of record highs, prompting many to ask whether a crisis ever actually existed. However, uncertainty remains and it is therefore prudent to look after your financial health and wellbeing at this time. This newsletter offers a few pointers to keep your financial emotions in check and also advise on optimal estate planning for forward-thinking investors.
Every one of us needs inspiration when we are going through a tough time. Even more so, if we are in a crisis of epic proportions and our livelihood is at stake. Covid-19 has caused unparalleled levels of volatility, complexity and uncertainty that few of us have seen in our lifetimes. The future is unclear, we don’t have a playbook, nor can we draw from similar experiences in the past. For an entire generation, the actions we take now will define our future wellbeing. Although we don’t have the power to change our fate, we have the power to think further, choose our mindset and develop scenarios that will give us the best chance to prevail. The purpose of this communication is to share some guiding principles that could help you navigate through the complexity and uncertainty of Covid-19 and beyond. Although this is a Marathon Consulting communication, it was sent to all our clients and contacts in our [...]
Investment decisions in times of stress - a perspective Following the recent developments in the markets and the resultant questions and concerns that our clients might have, we thought it prudent to share this document, compiled by Fundhouse, with a view to provide you with a perspective of the situation and to address your questions and concerns. We want to ensure all of our valued clients that we are available to be of assistance in whichever way we can. Please feel free to contact us via mobile phone, e-mail of Google Hangouts. Stay safe. The Marathon Wealth Team
Reach your financial goals with Marathon Wealth Marathon Wealth is a business unit within the highly respected Marathon Group. Marathon Wealth was founded in 2018 and has rapidly established itself as a trusted financial partner to businesses, individuals and their families. This is the first in a series of newsletters which will enable us to stay in touch with our valued clients. Trusted financial advice is the cornerstone of the Marathon Wealth promise. The team strives to add value to people’s lives by supporting them in financial and lifestyle planning. “We want to help clients think further than the immediate financial affairs facing them today. We focus on becoming a trusted partner to our clients, helping them preserve and accumulate wealth, planning a sustainable retirement income, preserving their legacy for future generations, and, very importantly, helping them to live a balanced life,” says managing director Marius Botha. Marathon Wealth focuses on two main objectives, namely offering sound financial advice to individuals and businesses and, secondly, acting as a Family Office. The Family Office is focused on adding value to high-end entrepreneurs and private clients by growing and sustaining their family wealth. This is achieved by offering holistic advice and solutions relating to wealth management, financial and tax planning and services, estate planning, legal aspects, fiduciary services, risk management and business consulting. […]
"The pessimist complains about the wind. The optimist expects it to change. The leader adjusts the sails." John Maxwell My first-born finished school this year and is heading to university in 2020. Thirty-three years ago, I was in the same boat. I will never forget my first Statistics class, when the professor told the story of two mice who arrived at the campus. Shortly after their arrival, both fell into a bucket of milk. The one mouse gave up and drowned. The other one decided to keep on kicking and after “three years” the milk turned into butter and he climbed out. The mice fable is a story of hope, resilience and courage and it helped me to be steadfast in my true north and what I wanted to achieve in life. I am sure all of you have similar stories of inspiration that have shaped your lives. South Africa has so many “wicked” problems, and the mice fable is so relevant to our context. The depth and width of state capture have stunned every South African and we all feel the impact [...]
When the winds of change blow, some build walls, whilst others build windmills. ‘n Chinese spreekwoord Elke dag ontwrig nuwe besigheidsmodelle die bestaandes. Ontwrigtende veranderinge is nou die nuwe normaal. Binne 'n sake-konteks is dit goeie nuus, want dit skep meer waarde vir klante. In die politiek is onlangse ontwrigtende veranderinge verdelend – van Brexit tot Trump tot Zuma. Die vraag is, hoe lei ons in 'n verdelende en verdeelde wêreld waar die retoriek van nasionalisme, stamgebondenheid, faksievorming en eiebelang meer mure as maatskaplike gebondenheid/sosiale kohesie bou? Deel jy die siening dat die oplossing daarin lê om anders te dink oor verandering en vooruitgang? Ek was onlangs bevoorreg om 'n bestuurs- en leierskapsprogram saam met 38 afgevaardigdes van 17 lande by te woon. Drie indrukke het my bygebly:
The poem is written by Rabindranath Tagore, 1913 Nobel prize winner for literature. It represents Tagore’s vision of a new and awakened India. The poem is written in the form of a prayer to God, the Almighty for true freedom for his country. Tagore reveals his own concept of freedom throughout the poem. When you read it, please do so from an outside in perspective. Visualise your own country as you step back and reflect.
Every day, new business models disrupt established ones. Disruptive change is now the new normal. Within a business context this is good news as it creates more value for customers. In politics, however, recent disruptive changes have been divisive - from Brexit to Trump to Zuma. The question is how do we lead in a divisive and divided world where the rhetoric of nationalism, tribalism, factionalism and self-interest are building more walls instead of more social cohesion? Do you share the belief that the solution lies in thinking differently about change and progress? I recently had the privilege of attending a management and leadership programme with 38 delegates from 17 countries. Three things stuck with me: