Yanga Nozibele
By Yanga Nozibele, Investment Associate, Cannon Asset Managers.
It’s that time of year again when all our favourite stores and retailers have begun promoting juicy specials and deals ahead of Black Friday, set to take place on 29 November.
But, while many people will be willing to spend hours in traffic and queues to buy that fancy new flat screen, the truth about Black Friday is that not all the deals on offer are necessarily built to help you save money. Instead, many retailers are seducing consumers into impulse buying, or overspending on goods that you don’t need and haven’t budgeted for rather than building real wealth through saving and investing. (more…)
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