“There was little risk involved.
Everything up to that point had been left unresolved.
In a world of steel-eyed death and men who are fighting to be warm.
Come in, she said I’ll give you shelter from the storm.” 

 – Bob Dylan

Winter is officially here, and the dropping temperatures have us all pulling up the covers. But what about your finances? Have you got the right ‘covers’ in place to keep your money cosy?

South Africa is blessed with mild winters, but it is arguably winter that is the easiest time of the year for us to intuitively understand that environments are sometimes hostile. Analysts, investors and fund managers are all looking far more bearish than they did at the beginning of 2019, and the rand has taken some knocks – not least from the resurgence of load shedding and the recent delay and then uncertainty surrounding Ramaphosa’s new cabinet announcement.

Simply put, cold winds have been blowing. Have you pulled up the covers on your finances? Does your money have enough cover to keep it warm?

Risk cover is the protection that comes from good risk planning, a safety mechanism built into your finances whereby your family, business and financial dreams for one day are safe if some unexpected misfortune should happen. You can read more about the benefits of risk planning here. Essentially, it’s a cosy, welcome bit of peace-of-mind ensuring that even if the worst happens, you’ll still be home and dry.

Knowing you have a good risk cover solution in place is like having a thick, snuggly duvet nearby on a chilly day – it’s a small comfort that psychologically can make a cold situation more bearable and give you peace of mind to get on with your day.

When we think of ‘cover’, most of us think of insurance first, and insurance is a vital part of safeguarding any financial future. But what about risk cover? It’s at precisely these macroeconomically uncertain times that you need such cover in place, and most people only think of it when it’s too late.

Contact WellsFaber today for a conversation or a quote regarding risk cover. Then pull up your new covers, snuggle up and settle in.

Life is not about perfect conditions – it’s about using each season to teach you and your money a valuable lesson on living life well.