Major says platinum has done extremely well, but could drop early in the New Year as Russia is expected to flood the market. So he advises waiting before buying platinum coins. But platinum jewellery is in vogue and a special person is certain to appreciate your investment. Help your kids to save Teach your teenagers financial maturity by opening a savings account in their name. This gives them a touch of independence and teaches them the virtues of saving.
Most banks offer special savings accounts for children and teenagers.
A close friend or relative whose finances are in chaos would probably benefit from a session with a financial adviser. Silke suggests you select a financial adviser and pay for a consultation. This gift will, however, only be worth something if you choose an adviser who is qualified, independent and of sound reputation. You could also take the nightmare out of income tax by paying for a consultation with a qualified tax consultant. Bear in mind that a consultant can do very little for someone who earns a straight salary, does not qualify for allowances, and does not have significant investments.