The Personal Finance series with Warren Ingram, The Friday Stand-In 2016

Know when to get your money out even with a strengthening rand

As human beings, we tend to send out the most money at the worst possible exchange rate like at "Nene Gate"

Warren Ingram

Living in interesting economic times in South Africa and the world can be tricky for investors.

Knowing when to keep the faith in the Rand or to get your money out is never an easy call to make.

The Money Show's Bruce Whitfield interviewed Warren Ingram, Financial Advisor at Galileo Capital, for his weekly personal finance feature.

It's important to understand that a weaker rand does not necessarily mean you should get your money out anymore than a stronger rand means you should keep all your money in Mzansi.

Listen to Ingram speak about understanding your position as a South African investor in relation to the world.

Getting your money out, even when you're positive about the rand is rational diversification

Warren Ingram

It is advisable to diversify not because you don't believe in the rand or South Africa but because having your money in one country is not logical.

Warren Ingram

If Brexit taught us nothing else, we need to understand that these major swings in one way or another , when sitting in those kinds of situations you can't rely on the electorate or politicians to do what you need them to do

Warren Ingram

Click here (then“like” the page) to follow Bruce on Facebook


This article first appeared on 702 : Know when to get your money out even with a strengthening rand


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