Financially Speaking December #2, 2008

Dear Client,

I have finally got a website up and running, sitting out there wherever websites sit. Very creative name: www.kevinmurray.co.za I have had to ponder on the purpose and necessity of a website. One thing that it does force a business entity to do, which is what I felt it forced me to do, is to outline and define exactly what it is that I do and where I am going. So there it is. Have a look and constructive criticism is welcomed.

Investment product news:

I have added the local and foreign Satrix funds to my basket of investment vehicles that I can facilitate for clients. They can be good to have as a low cost share-tracker fund option in your portfolio. Not necessarily cheaper than some unit trust funds as the media reports, and not necessarily performing better than a well managed unit trust equity fund, but possibly still valid as part of a portfolio.

Tax return information:

Relevant for PPS clients: PPS will only have tax deduction certificates for the portion of your premium that funds your incapacity benefit, as from the next tax year. I.e: for your 2009 return. For 2008, you still use nothing from PPS in your return.

Merry Christmas

Until next time
Regards,
Kevin

Please note that all the views expressed in this publication are based on my opinion and no action or advice is implied or intended.