Corporate executives, entrepreneurs and busy Type-A personalities often struggle to relax and find 'downtime'; but invariably, the December holidays are an exception to the rule with family time firmly on the agenda.
Over the years, writers, commentators and deep thinkers have celebrated the need for individuals to take time off for personal reflection and to recharge their batteries. American businessman Alan Cohen is famed for saying, "There is virtue in work and there is virtue in rest. Use both and overlook neither," while Leonardo da Vinci, considered one of history's greatest intellects, once observed: "Go away and take a relaxing break, and then when you come back to your work, your judgment will be better − because remaining constantly at work will hinder your power of judgment."
Fortunately, today's modern and connected world, makes it possible to take these breaks, enjoy a change of scenery and still be in control of your finances. We take a technologically-savvy look at the end of the year in our final newsletter of 2016, highlighting some of the innovative services you can enjoy as an RMB Private Bank client travelling either abroad or locally − possibly by way of a bit of fun during golf's 2016 edition of the Alfred Dunhill Championship.
We also take this opportunity to highlight new and established RMB Private Bank rewards as well as our usual market overview insights, and to focus on some aspects of legacy during a time when you and your family are focused on the future.
With this in mind, this edition of the RMB Private Bank newsletter takes on a holistic family focus as we turn our attention to the intricate interplay of finances within relationships and how astute planning should reflect the concerns and aspirations of the entire family unit.
As our usual market overview highlights, the South African economy is hardly robust at the moment, so legacy preservation and risk protection for business and personal assets is high on our clients' priority lists. We delve into this important topic across a series of articles, including a look at alternative investments that offer long-term growth coupled with easy access to your capital.
In line with our legacy approach to investing, we offer insights into investing for your child as well as ways in which couples can, and should, continually adapt their financial plan to their stage of life and responsibilities. This is wealth preservation for families and should be an important, and ongoing, discussion between you and your wealth advisor.
Of course, we also recognise that life's pleasures are part and parcel of enjoying your hard-earned wealth, so we take a look at the upcoming RMB WineX and share some insights into this rejuvenated industry courtesy of wine guru Michael Fridjhon.
There is much to be said about gaining, acquiring and sharing knowledge; it is the cornerstone of decision making and the backbone of investment savvy.
This is the world of information which our experts occupy, and which we strive to guide you through with an ever-present eye to the opportunities on offer.
In line with our commitment to help you proactively manage, grow and protect your wealth, RMB Private Bank is delighted to present our newsletter. Unlocking Wealth, which highlights not only the current state of the world markets, but also opportunities to diversify your wealth in both savings and investment terms. We also explore the topical issue of acquiring dual citizenship; a novel and increasingly popular way of achieving protection for your wealth.
We also talk you though the Special Voluntary Disclosure Programme and what this means for undisclosed assets in terms of the new, global automatic exchange of taxpayer information.
As always we take into account your personal wellbeing and, in this newsletter, we're delighted to unveil a charming travel opportunity to Japan, courtesy of RMB Private Bank and eBucks Lifestyle.