MyMoney Online, Make Money Mondays

How to make money out of the rand (whether it recovers, or tanks even further)

(Click here for more personal finance articles.)

Mike Wills interviewed Barry O'Mahony, founder of Veritas Wealth Management, for his “Make Money Mondays” feature.

O'Mahony discussed how to make money out of the rand, whether you think it’ll get stronger or weaker.

Scroll down for quotes from the audio below.

Predicting the currency is a mugs game.

Barry O'Mahony, founder of Veritas Wealth Management

Don’t act when you’re emotional.

Barry O'Mahony, founder of Veritas Wealth Management

South African banks are increasingly offering offshore bank accounts.

Barry O'Mahony, founder of Veritas Wealth Management

If you think the rand will continue falling you may consider buying rand-hedge stocks.

Barry O'Mahony, founder of Veritas Wealth Management

If you think the rand will improve, bring some of your offshore money back now.

Barry O'Mahony, founder of Veritas Wealth Management

When things are confusing – as they are now – ensure you’re well-diversified.

Barry O'Mahony, founder of Veritas Wealth Management

Subscribe to our Business Wrap Newsletter


This article first appeared on 702 : How to make money out of the rand (whether it recovers, or tanks even further)


Recommended

by NEWSROOM AI

CapeTalk welcomes all comments that are constructive, contribute to discussions in a meaningful manner and take stories forward.

However, we will NOT condone the following:

  • Racism (including offensive comments based on ethnicity and nationality)
  • Sexism
  • Homophobia
  • Religious intolerance
  • Cyber bullying
  • Hate speech
  • Derogatory language
  • Comments inciting violence.

We ask that your comments remain relevant to the articles they appear on and do not include general banter or conversation as this dilutes the effectiveness of the comments section.

We strive to make the CapeTalk community a safe and welcoming space for all.

CapeTalk reserves the right to: 1) remove any comments that do not follow the above guidelines; and, 2) ban users who repeatedly infringe the rules.

Should you find any comments upsetting or offensive you can also flag them and we will assess it against our guidelines.

CapeTalk is constantly reviewing its comments policy in order to create an environment conducive to constructive conversations.

Read More
How to get rich (no slaving away or winning lotto ticket required)

How to get rich (no slaving away or winning lotto ticket required)

Bruce Whitfield interviewed Simon Brown, Financial Educator at Just One Lap, about how to become rich slowly, but surely.

Cost effective ways to hedge against the falling rand

Cost effective ways to hedge against the falling rand

An investment strategist discusses cost effective investment options to hedge yourself against a depreciating rand.

How I beat the market to turn R100 000 into R153 000 in 2 years

How I beat the market to turn R100 000 into R153 000 in 2 years

A share trader discusses his wildy popular blog “10 Stocks for My Son” and how his two-year-old son's portfolio is performing.

How to prevent losses by diversifying your investments

How to prevent losses by diversifying your investments

Learn more about how diversification of asset classes, currencies, geographies, time and fund managers can help you prevent losses.

How to protect your wealth when the JSE is falling

How to protect your wealth when the JSE is falling

How to protect your wealth should the JSE start to weaken...

Popular articles
[WATCH] Teen shoved off bridge by pal into river

[WATCH] Teen shoved off bridge by pal into river

A Washington teenager was badly hurt when her friend pushed her off the bridge after she said she didn't want to jump.

I've always known what space I wanted to be in - Trevor Stuurman, visual artist

I've always known what space I wanted to be in - Trevor Stuurman, visual artist

#NightTalk host Gugu Mhlungu chats to entrepreneur & multimedia visual artist Trevor Stuurman about his accolades and inspiration

Africa State of Mind: ''They call me the real Makoya' - Femi Koya, musician

Africa State of Mind: ''They call me the real Makoya' - Femi Koya, musician

In this episode of Africa State of Mind, musician Femi Koya chats to Lee Kasumba about leaving Nigeria to come to South Africa.

I've always said that stories are the mothers of all disciplines - Gcina Mhlophe

I've always said that stories are the mothers of all disciplines - Gcina Mhlophe

Phemelo Motene chats to the mother of storytelling & a poet to the masses, Gcina Mhlophe about what it means to share your stories

This is how the Pebbles Project is protecting kids that live in the Winelands!

This is how the Pebbles Project is protecting kids that live in the Winelands!

Fundraising and Outreach Manager at the Pebbles Project, Charmaine Gola, chats about the work they do & their focus on the youth

The nutritional, environmental & socio-cultural benefits of indigenous foods

The nutritional, environmental & socio-cultural benefits of indigenous foods

'You need to look outside your traditional shopping centers to actually eat traditional food in the city' - Mpho Tshukudu, author

ProKid described as a true family man who loved his mom

ProKid described as a true family man who loved his mom

His brother Sandile Mkhize says he promised ProKid that he will continue where he left off.

'The Suzuki Dzire is the perfect day-to-day runaround car' - Jacob Moshokoa

'The Suzuki Dzire is the perfect day-to-day runaround car' - Jacob Moshokoa

In the car feature, automotive journalist Jacob Moshokoa chats about his experience driving around with the Suzuki Dzire.

[LISTEN] Codeine addiction and abuse

[LISTEN] Codeine addiction and abuse

Member of the SASOP, Dr Eugene Allers chats about the causes behind addiction to over the counter medication.

Phemelo responds after listener congratulates her for speaking wonderful English

Phemelo responds after listener congratulates her for speaking wonderful English

'To congratulate me, and to make it seem like this is an accolade is extremely offensive because of our history' - Phemelo Motene