{"id":70130,"date":"2016-05-19T04:53:22","date_gmt":"2016-05-19T02:53:22","guid":{"rendered":"http:\/\/www.myza.co.za\/millennials-lose-money-in-the-right-ways-and-for-the-right-reasons\/"},"modified":"2016-05-19T04:53:22","modified_gmt":"2016-05-19T02:53:22","slug":"millennials-lose-money-in-the-right-ways-and-for-the-right-reasons","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/millennials-lose-money-in-the-right-ways-and-for-the-right-reasons\/","title":{"rendered":"Millennials \u2013 Lose Money in the Right Ways and for the Right Reasons"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"size-large aligncenter wp-image-25099\" src=\"http:\/\/mypr.co.za\/wp-content\/uploads\/2016\/05\/shutterstock_344131838-700x496.jpg\" alt=\"shutterstock_344131838\" width=\"700\" height=\"496\" \/><br \/> <span style=\"font-weight: 400;\">By Martha Chauke<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Is there a right way to lose money? Or should we ask whether there is a right reason to lose money? Both questions get a big fat YES! They are right ways and reasons to lose money. Provided you are aware of the wrong ways and reasons too. Let\u2019s face it, there are countless challenges that come with being a millennial and money is at the top of this list. Before we delve into how to lose money in the right ways and for the right reasons. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Let\u2019s look at a few key-points from the economic review of our beloved country:<\/span><\/p>\n<ul>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">According to the recent World Economic Outlook (WEO) by the International Monetary Fund (IMF) South Africa is now the third-largest economy on the African continent. Surrendering its second place to Egypt and Nigeria remains in the number one spot.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">The rand weakened from an average of R8.20\/$   during 2012 to an average of R12.74\/$   in 2015. On Tuesday, 17 May 2016 at 13:03 the rand was trading at R15.68 to the dollar.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">The rand remains below successive support levels suggesting a continuation in the rand\u2019s<\/span><span style=\"font-weight: 400;\"><br \/> <\/span><span style=\"font-weight: 400;\">depreciation.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">In a Bloomberg survey 12 out of 13 economists expect Standard &amp; Poor\u2019s (S&amp;P) credit rating agency to cut SA\u2019s sovereign debt rating to sub-investment grade (junk status) by the end of the year.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Despite the recent price rally Brent crude\u2019s break below the key $  30 support level in <\/span><span style=\"font-weight: 400;\">February suggests a continuation of the weakening long-term trend to a downside $  25 <\/span><span style=\"font-weight: 400;\">target.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Gold has broken its recent downtrend by rising decisively above the $  1 100 resistance level. An extended break above $  1 250 is needed to confirm the end of gold\u2019s bear market.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">The JSE All Share index is up +12% from its lows in early January and appears dramatically over-priced on a price-earnings (PE) multiple of 21.2x around 40% above its 14.8x long-term average. \u00a0View\/download the full Overberg Market Report &#8211; <\/span><span style=\"font-weight: 400;\">http:\/\/www.overberg.biz\/pdf\/Overberg%20Market%20Report%2010th%20May%202016.pdf<\/span><span style=\"font-weight: 400;\">\u00a0 \u00a0 \u00a0<\/span><\/li>\n<\/ul>\n<\/ul>\n<p><span style=\"font-weight: 400;\">South Africa is facing continuous food, fuel and electricity price hikes that make the cost of living higher each month. So, ask yourself will you and your loved ones be financially secure if the economy continues to depreciate? Or worse, if we were to hit a recession? If your answer is no or maybe and not a definite yes, then you have your answer.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">You need to get the best financial education immediately on what\u2019s available out there for you to take advantage of; whilst there\u2019s still time. The National Treasury introduced Tax Free Savings Accounts a year ago. If you are unaware of this visit your nearest bank or life insurance company for more info. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">If this is not the route you would like to take. Take the stock market investment route. Do some comparative research on various funds especially looking at <\/span><span style=\"font-weight: 400;\">fund performances<\/span><span style=\"font-weight: 400;\"> before you choose one that aligns with your financial goals, needs and pocket. \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The Overberg Market report is an indicator of the economic times we live in. Economic times which urge millennials to look into their personal finances and start saving from as early as possible. Millennials need to get into the habit of losing money in the form of savings plans and investment portfolios. Now is the time to be proactive.<\/span><\/p>\n<div align=\"center\"><\/div>\n<p>CLICK HERE to submit your press release to MyPR.co.za.<\/p>\n<p>\n<strong> Read more on:<\/strong> <a target=\"_blank\" rel=\"nofollow\" href=\"http:\/\/mypr.co.za\/millennials-lose-money-in-the-right-ways-and-for-the-right-reasons\/\">MyPR<\/a><br \/>\n<\/p>\n<p><a target=\"_blank\" target=\"_blank\" href=\"http:\/\/mypr.co.za\/submit\">Submit your own Press Release<\/a> or get free content for your publication.<\/p>\n<p><strong>Video &#8211; How to post your Press Release on MyPR:<\/strong><br \/>\n<iframe loading=\"lazy\" width=\"700\" height=\"394\" src=\"https:\/\/www.youtube.com\/embed\/9ovzdChGkuU\" frameborder=\"0\" allowfullscreen><\/iframe><\/p>\n<p><small>My Press Release (MyPR) provides free South African targeted content and press releases for on and off line publishers and media. Registering on MyPR enables public relations companies and practitioners to post articles under their own author name. Public Relations Companies and practitioners, event organisers, sports and political writers use MyPR as a distribution mechanism for their press releases, content, images and news. A forever free subscription allows publishers and media free access to all press releases, content and images on MyPR.<br \/<br \/>\nThis press release is courtesy of <a target=\"_blank\" target=\"_blank\" href=\"https:\/\/mypr.co.za\/>MyPR.co.za<\/a> and was automatically curated and published with <a target=\"_blank\" href=\"http:\/\/wprobot.net\/?ref=578\" target=\"_blank\">WP Robot<\/a> plugin &#8211; <a target=\"_blank\" href=\"http:\/\/wprobot.net\/?ref=578\" target=\"_blank\">CLICK HERE<\/a> to learn more about <a target=\"_blank\" href=\"http:\/\/wprobot.net\/?ref=578\" target=\"_blank\">WP Robot for WordPress<\/a> &#8211; a massive time and money saver.<\/small><\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Martha Chauke Is there a right way to lose money? Or should we ask whether there is a right reason to lose money? Both questions get a big fat YES! They are right ways and reasons to lose money. Provided you are aware of the wrong ways and reasons too. Let\u2019s face it, there [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","ngg_post_thumbnail":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[9021],"tags":[9008,12722,2726,8020,5100,9223],"class_list":{"0":"post-70130","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-mypr","7":"tag-lose","8":"tag-millennials","9":"tag-money","10":"tag-reasons","11":"tag-right","12":"tag-ways","13":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/70130","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/comments?post=70130"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/70130\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=70130"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=70130"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=70130"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}