Well I always thought that if you look at the total income of a bank on any given day that, that amount would suffice. Not so? Take into perspective that the bank is taking R1 from every client at any given transaction. Now that is a lot of money on its own, but I am sure that the bank invests that money in hopes to make more...
If the banks say they have to pay their "staff" it is a lie. Go into any bank and you will find that they are operating on half the staff or there is simply not enough staff to process the clients or their needs.
Now underperforming investments, is it just a bad investment or is the bank that is just taking too much in the from of charges? Considering the money that IS being generated trough there “ease of access” why can’t investments be more rewarding...
Fact is all of us must look at investments in the form of life-cover, insurance and the most important of all funds; the retirement funds. We all need these “investments” but the banks are taking from these “investments” in the name of “services” but again what service?
Now the second problem is “independent” investment groups, we are all scared of them because they might be a “here today but gone tomorrow scenario” so do we use banks because of low risk or do we use banks for “ease of access”. Face it we are paying for the “low” risk factor...
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