Covid-19 Outbreak SA Online Resource | More info
Insurance, Car Insurance, Funeral Cover, Life Insurance, Budget Insurance, Insurance Quotes, CompareGuru, South Africa.
Car and Household
Business
Life and Funeral
Car Insurance
Cover your vehicle
More Information
Get Quote
Pre-Owned Warranty
Cover the mechanical and electrical components of your vehicle
More Information
Get Quote
Extended Warranty
Cover the mechanical and electrical components of your vehicle
More Information
Get Quote
Scratch and Dent
Cover small dents, chips and scratches to your vehicle
More Information
Get Quote
Tyre and Rim
Cover damages to your wheels
More Information
Get Quote
Home Insurance
Cover your home and everything in it
More Information
Get Quote
Commercial Vehicle Insurance
Protect vehicles and drivers used in the day-to-day operation of your business against risks like financial loss, damage or personal injury.
More Information
Get Quote
Commercial Insurance
Provide cover against common risks and disruptions to business operations, such as theft, damage to property, employee / client injury and much more.
More Information
Get Quote
Directors and Officers Liability
Safeguard your business and key players from financial loss with the right policy.
More Information
Get Quote
Errors and Omissions Liability
Covers your business and employees against claims of negligence, poor workmanship, and more.
More Information
Get Quote
Life Insurance
Provide for your loved ones
More Information
Get Quote
Disability Insurance
Protect your paycheck
More Information
Get Quote
Serious Illness Insurance
Cover yourself for illnesses like cancer, Alzheimers, Parkinsons, strokes or heart attacks.
More Information
Get Quote
Funeral Cover
Protect your family financially and cover funeral expenses
More Information
Get Quote
Domestic Worker Insurance
Cover the person that looks after you and your family everyday
More Information
Get Quote
Menu
Home
About Us
Domestic Worker Cover Quote
Life Insurance Quote
Car Insurance Quote
Funeral Insurance Quote
Extended Warranty Quote
Pre-Owned Warranty Quote
Scratch and Dent Quote
Tyre And Rim Quote
News Room
Meet The Team
Careers
Providers
Insurance
Car Insurance
Building Insurance
Household Contents Insurance
Life Insurance
Disability Insurance
Serious Illness Insurance
Domestic Worker Insurance
All Risk Insurance
Funeral Insurance
MotorVAPS Cover
Commercial Insurance
Commercial Vehicle Insurance
Directors and Officers Liability Insurance
Errors and Omissions Liability Insurance
Support
Contact Us
Terms of Service
Privacy Policy
Disclosures
Client Letter
POPI Act
PIA Act
CIM Policy
Complaint Escalation
TCF Form

News Room

Should You Just Google Financial Advice?

Melissa Cohen
2017-07-26
Google is the starting point to many important life choices, but when it comes to your finances, make sure it’s not the only point of call.
Remember when we used to consult each other for advice? Now we plug everything from, ‘How to poach an egg?’ to ‘What is Pokémon Go?’ into Google. But how far can we take consulting the Internet’s most popular search engine for advice?

Can You Google Financial Advice?

I’m sure by now we all know you can google literally anything. The question is, should you? According to a poll by Zurich UK, self-described as ‘one of the world's most experienced insurers’, millennials prefer google to financial advisers. Well, other search engines as well, to be fair. The point is, out of more than 2,000 adults surveyed, 15% of the millennials (aged 18-34) are consulting Google for financial advice. This is more than any other of the age groups. Just to illustrate, only 3% of those aged 35-44 allow Google to manage their money decisions. For some reason, however, the figure rises again for the 45-54 year-olds and the 55+ age group with 9% of them googling financial help.
Is a personal loan what you need to get your financial life back on track? Visit us and apply today!

We Can Do It Ourselves

Whether it’s trust issues or a confidence in their own abilities, there are differing opinions. InvestmentNews.com reported millennials prefer a blend of robo and human advice. They, however, go on to say that they trust neither enough to take their advice without consulting someone else first. An Accenture survey of 1,300 investors reports that many enjoy the ease of use and low-cost products that hybrid models make possible. But they also value being able to speak with a human adviser. One in five millennials surveyed by Zurich accredited their avoidance of advisers to “confidence in their ability to sort their own financial futures”. Almost a quarter said they were too young, and more than a third said they didn’t earn enough to need to speak to a financial adviser.
Should you deal with a financial advisor or a financial planner? Read More below

A Generational Disconnect

Head of Zurich UK Life, Anne Torry, said: “The internet is a good starting point, but people must also be cautious with the financial information available online, as this won’t be specific to everyone’s needs.” Ayodeji Onibalusi wrote for Entrepreneur that at the heart of the generational disconnect between financial advisers and millennials is an image issue. Advisors are painted as “antiquated men in suits”. A study by Vanguard, one of the world's largest investment management companies, found that individual investors obtained broad benefits from the wealth management and planning process. And then there’s the behavioural coaching offered by a skillful adviser which alone can add 1.5% to a client's long-term performance. By far the biggest value an adviser offers is in helping clients write, understand, and stick to their financial plan. Torry acknowledges the many tailored tools that are available online. But she warns: “…many millennials are missing out on “the benefits of independent financial advice to help them achieve their goals because of misperceptions, such as being too young.”
Make sure you start saving on your car insurance premium today! 
See how much you can save.
CompareGuru Social TwitterCompareGuru Social FacebookCompareGuru Social LinkedIn

Sign up to our Newsletter now, and don’t miss a beat.

Email Address
Name
Sign Up