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latest financial block-buster"
- Old Mutual Client Services in a letter to every policyholder
in the country
on an excellent product!"
- Dr Prieur du Plessis, Managing Director, The Plexus Group, April
book is well-written and simply put together in a manner that is not condescending.
It offers sound advice to anyone who has recently retired or come into
a capital lump sum. It is divided into three sections: investment principles,
investments and putting the information together. Graphs and spaces for
the reader to include personal information into tables are included, further
enhancing the relevance of the book and the information contained. Here,
the reader has a book with practical and useful information on how to
handle newfound wealth.
- Nicola Ellis, Natal Mercury, 30 August 1999
you could be shown an investment that had zero risk and negligible costs,
and could make huge returns, would you be interested? There’s no
‘middleman’ and not too much sales talk involved, and the
minimum investment is about five hours of you time; no upfront commissions
and no cancellation penalties… You’re looking at it on this
page – a book that’ll help you look before you leap.
In Lump Sum Investment, financial adviser Chris Preen doesn’t promise
to make you a financial guru, but he does give you the tools to invest
wisely. ‘Investment is the art of taking calculated risks to achieve
perceived gains,’ says Chris. This book deals with the only part
of the equation you can usually influence – the ‘calculated’
- Gail Jennings, The December Edition of The Money Standard (The newsletter
distributed to Standard Bank Clients Nationwide)
thought it to be excellent"
- Professor Japha, University of Cape Town, November 1999
you for your 'Lump Sum Investment' book, I found it money well spent (a
good investment!) and was written in a way I understood."
- Joy Donovan, Managing Director - The Lester Donovan Group, November
do strange things," says Chris Preen. They will get various quotations
before they, for example, buy a new set of tyres, but when it comes to
investments, they don’t do any investigations into alternative investments
or investment opportunities that would suit their circumstances better.
He says that many people don’t like or understand finances and they
therefore very hesitant. Investors should become more involved with their
investments – that is why he wrote the book.
Chris has been interested in investments for a long time. While he was
still a B.Com student, he was already dabbling in the stock market. Thereafter,
he joined the Small Business Development Corporation, before getting involved
in the assurance industry.
Chris has his own business and web-site. People who go into his web-site
can download lots of practical and usable information for their own purposes.
He is very pro offshore investments, as he does not think it is a good
idea to keep all your investments in one place or product. South Africans
also live in the global village, and that is why it is necessary for them
to broaden their horizons – wider than their immediate surroundings
"I estimate that the Rand will, over the next 3 years, reduce in
value. It is therefore prudent to invest offshore. The interest rates
in South Africa will still reduce, but not as quickly as people hope it
Chris Preen lived and worked in London for two years. With hindsight he
realised that South Africa was the land where the opportunities were.
"The small businessman, especially, can do lots to improve the situation.
Nowadays there are relatively few people who have relevant qualifications.
If you are good and efficient, you can make lots of money. You could make
money easier in South Africa than you would overseas," he says.
He says people will easily be able to follow his book, and get answers
to their questions. If a person is not too sure whether the book would
be of value to them, they could read the foreword, as the whole book is
People who read his book will be able to work out which type of financial
advisor they should be consulting. It is always good to use an independent
advisor, rather than a corporate advisor, as one should be looking for
unbiased advice, not that which is prescribed.
It is important to get the whole investment proposal in writing. This
proposal must also indicate clearly how much of the investment amount
will be going to commission and any other costs, so that the investor
knows precisely what is being done with his money.
- Dr. Hilda Grobbelaar, The Kwana, October 1999 (Translated from
Accountants Register here
Chris Preen has been involved in the financial field for over twelve years.
Last year he released the book Lump Sum Investments – a Gateway
to Wealth in South Africa. Lump Sum Investments is a well-written book
which gives an overall view of the different financial ventures available
to South Africans. Chris has penned the book using simple language, graphs
and illustrations ensuring that the information is easy for everybody
to understand. In addition, Chris also has a website which allows one
access to valuable financial information.
Chris stated that the relaxation of Exchange control has resulted in an
explosion of investment opportunities. A case in point is Unit Trusts
which are now offered by more companies and in more variations than in
the past. At the same time he pointed out that an individual can easily
be taken for a ride by a bogus financial advisor.
Part of the reason for the number of phony financial advisors, Chris explained,
was the fact that there was no controlling body for financial advisors
in this country. ‘Anybody can make business cards, call themselves
a financial advisor and defraud the public’, he warned. Fortunately,
plans are afoot to pass the Financial Advisors Bill which will contain
a strict code of conduct which all financial advisors will have to adhere
to, and will also enable the public to check out the credentials of their
advisor. As it is not certain when the new Bill will be passed, Chris
gave us a few handy hints on how to go about choosing a financial advisor.
· Find out what the qualifications of the advisor are and how long
he/she has been in business.
· When deciding on a financial venture, get at least three quotes
in order to get the best deal. ‘It is strange how a person will
get at least three quotes when installing a swimming pool, yet will request
only one when investing large sums of money’, Chris stated.
· Visits your advisors office in order to inspect his/her business
Chris further explained it is imperative that every individual should
have some form of investment which ensures comfortable living after retirement
and pointed out that women, in particular, need to start taking control
of their finances. Though there have not really been any investment packages
made specifically for women, many companies are starting to take cognisance
of social changes and are starting to offer investment opportunities tailor-made
According to Chris investing Offshore is also a wise financial decision
and every individual should strive to invest at least 30% of his/her money
Offshore. In addition, one should invest one’s money over a period
of five years as this enables one to review the investment’s financial
status after this period and adopt a new plan if necessary.
Given the economic status of the country, Sisters asked Chris whether
it was wise to invest money in South Africa. ‘Absolutely’,
he replied. ‘This country offers great value, more value than the
The majority of South Africans will not have sufficient money to sustain
themselves when they retire. When deciding on an investment opportunity
choose wisely, choose carefully.
- Sisters Magazine, January 2000 issue
Metro Beat staffers are certainly not the types with lump sums to invest.
But if you have recently inherited or made a sack full of money you will
no doubt be confused as to exactly how to invest it, provided of course,
in this volatile economy, you are not foolish enough to go out and blow
it on some idle whim or play the one-armed bandits.
If you’re sensible, you’ll go out and buy a copy of Lump Sum
Investments – A Gateway to Wealth in South Africa, written by our
very own bright Durban lad, Chris Preen. Chris has been in the business
of making people wealthy for 12 years, has received numerous awards, and
to top it all, is a member of MENSA, the organisation for the super intelligent.
There are many confusing investment products in the marketplace, some
good and others, not so good. The book gives a good and simple overview
of these investment products and gives excellent advice on tried and tested
Typical products that people invest in are Unit Trusts, the Stock Exchange,
property and endowments. Obviously, some high-risk products offer higher
returns, and in this well-written book, you will be able to put together
an overall investment plan that suits your risk profile. It offers what
the author calls "foolproof solutions that offer maximum return at
In addition, the book examines the tax implications of your investments
(that all too scary notion of the Receiver of Revenue just waiting to
gobble up your money) as well as covering estate duty. As the author says,
the book may be the best investment you can make. After having read it
from cover to cover, we have to agree. Now, all we need is the lump sum….
- Peter Bendheim, METROBEAT, February 2000 edition