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Monday 07:00 - 17:00 Tuesday 07:00 - 17:00 Wednesday 07:00 - 17:00 Thursday 07:00 - 17:00 Friday 07:00 - 17:00

Daryn G Cheketri Financial Advisory

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South Africa
Johannesburg
Daryn G Cheketri Financial Advisory

Experienced Financial Advisor with a history of working across many industries.

17/03/2026

Cover your child's school fees from nursery to tertiary, should you become disabled or pass away.

05/04/2021

Can't Afford an RA?
You can start an RA from as little as R500pm. Even so, many people keep putting it off, citing affordability.
The maths is simple...
If you start an RA when you are 21 and contribute R1000pm with just a 6% annual increase and a return on investment of just 8%, when you get to age 65 you would have a retirment maturity value of R10.39m.
If you delay just 4 years and start an RA when you are 25 and contribute R1000pm with just a 6% annual increase and a return on investment of just 8%, when you get to age 65 you would have a retirment maturity value of just R7.15m!!!
That's a R3.2m (44.8%) difference and demonstrates the power of compounding interest but more than that it exposes the true cost of delaying.

The real question is can you afford not to have an RA?
Retirement is an incredibly long term plan but the key to any retirement strategy is, start early, be consistent and seek quality advice!

16/03/2021

The Ageless Adventurers
Positive about life and dream of early retirement. They see retirement as a chance to live life adventurously and plan to explore and discover. Ageing is seen as a journey of limitless opportunity and personal growth.
Excited by change, they are adventurous, self-motivated and take more risk than traditional planning had catered for.

Revisit your retirment plan with your advisor to ensure that your plan appropriately matches your dream. With no plan there will be no adventure!!!

10/03/2021

As you may have gathered, I am going to be focussing on retirement for the next few weeks. With T-Day top of mind, clients seem to be asking all the wrong questions about retirment. Yes, T-Day is important, but it pales in comparison to what the real retirment discussions should be.
Do you have a long term retirment strategy and do you re-visit it at least once a year with your financial advisor?
T-Day is irrelevant if you don't have any retirment funds to support your retirement, especially if you consider your retirement may be a lot longer than you initially planned for!

05/03/2021

The Story of Retirement
Retirement is no longer a singular moment in time, it should be considered a continuation of simply living the life you've always lived or wanted to live.

Contact me if you would like to have your retirement strategy or plan assessed.

14/01/2021

Financial Emigration versus Emigration
Recently I have been dealing with a client that left South Africa in 2005 but did not financially emigrate. Now some 15 years later, the pain is being felt as she tries to access her retirement funding.
Although every persons situation is obviously different, very few of us understand the difference or even bother going through the exercise of at the very least investigating the financial emigration process.

If you physically emigrate from South Africa to work and live abroad, but do not notify the South African Reserve Bank (SARB), you are considered to be a South African resident living temporarily abroad. You will remain a tax resident of this country and will be subject to the tax laws and financial regulations of South Africa. Financial emigration involves changing your status with SARB to that of non-resident. You need to receive a tax clearance certificate to permit your financial emigration and whether you emigrate physically or financially, you are not required to give up your South African citizenship nor your identity as a South African.

If you are considering moving abroad, make sure you you consult your Financial advisor and in particular an emigration specialist to avoid painful and costly mistakes down the line.

05/01/2021

Key Element 5 of a Good Financial Plan - Quick Access to Emergency Funds
Emergency funding is an important part of a good financial plan. There is no magic formula to this but a good starting point is to work towards having between between 3 and 6 months cash flow/liquidity. Once you have your budget and you understand your cash flow needs, it is relatively simple to calculate. Work with your Financial Advisor to make sure you understand what vehicles are appropriate for short term, accessible, emergency cash flow needs remembering that liquidating certain products/instruments may have capital gains or other tax implications.

Consult with your professional Financial Advisor and Tax Advisor to assist but most importantly, just get started.

29/12/2020

Key Element 4 of a Good Financial Plan - Investing Your Money
Once you have sorted out your budget and you understand your cash flow needs, it is time to plan your investment strategy. Work with your Financial Advisor and break your investment goals into short medium and long term. You Financial Advisor, will be able to advise on the different products and vehicles to suit your goals but essentially the tax, flexibility, risk and term are the key variables in choosing the right investment vehicle.

Consult with your professional Financial Advisor and Tax Advisor to help you with your investment strategy.

08/12/2020

Key Element 3 of a Good Financial Plan - Budgeting & Financial Goals
Everyone should have a budget. Don't worry about how simple or complex you make it...just make it!!
A budget gives you an overview of your income and expenses and helps keep your spending in line. It is crucial to have a regular, updated budget so that you fully understand your cash flow requirements and constraints. Once you understand that, then you can work towards setting and fulfilling your short, medium and long term financial goals.
Consult with your Financial Advisor and Tax Advisor to help you plan and set your financial goals, as well as choosing the right vehicle to get you there.

17/11/2020

Key Element 2 of a Good Financial Plan - Managing Risk
One of the key elements to a good financial plan is managing risk. Sounds complicated but consciously or subconsciously, all of us are managing risk all of the time. Even something simple like looking before you cross the street is managing risk.
Ensure that your assets are covered for replacement (as well as covering any debt if they were financed), through your short-term insurance policy and even more importantly, make sure that your biggest asset (yourself and your ability to provide) is covered through your long term life insurance company.
Life, disability, income protection and dread disease cover, are simply risk management tools. Work with an accredited advisor to put together a risk management plan that talks to every eventuality.

13/11/2020

Key Elements of a Good Financial Plan
One of the key elements to a good financial plan is managing your debt. Almost all of us will have debt to be serviced at some point as it is almost unthinkable to pay for houses, cars and other big ticket items in cash. We also know and understand the logic of paying off you most expensive debt first, pay the debt off as quickly as possible especially your non-income generating debt, etc, etc...
But now with rates being so low the risk is that we take on way more debt than we should because money has never been this cheap but in reality, this party wont last forever and when the interest rate cycle starts to turn we may find ourselves completely overwhelmed with debt we cant afford and in truth, should not have taken in the first place.

Three quick points to note before you take on more debt:
1) Don't take on any unnecessary debt just because temporarily money is cheap.
2) If you need to take on debt as a necessity, make sure you can easily afford it so if rates go up, even double over the next few years you can still afford it.
3) Stick to your financial plan and if you don't have one, get one by working with an accredited advisor. If your plan was to pay off your debt as quickly as possible, then use this opportunity while rates are low to pay it off quicker if your cash flow permits.

Address

The Mall Offices, Liberty Life, 2nd Floor, 11 Cradock Avenue, Rosebank
Johannesburg

Opening Hours

Monday	07:00 - 17:00
Tuesday	07:00 - 17:00
Wednesday	07:00 - 17:00
Thursday	07:00 - 17:00
Friday	07:00 - 17:00

Website

http://www.liberty.co.za/

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