MyMoney Online, The Personal Finance series with Warren Ingram, Evergreen Content

Should you pay off debt, or invest?

If your interest rate is 10%, or higher, it would be best to pay off debt instead of investing.

Warren Ingram, Galileo Capital Financial Advisor

The Money Show’s Bruce Whitfield interviewed Galileo Capital Financial Advisor Warren Ingram.

  • Does the stronger rand offer more opportunity than aggressively paying off debt?

  • The South African stock market has drifted for a few years now; is it offering good value?

  • If the economy is slowing down, or potentially going into recession, how does one invest?

  • Predictions about South Africa and the future are dangerous. For example; Richemont is down 23% while Shoprite is up 46% (year-to-date) - few people would have predicted this.

Scroll down for quotes from the audio below.

When interest rates are high; paying off debt is a no-brainer.

Warren Ingram, Galileo Capital Financial Advisor

When the stock market is really cheap; investing is a no-brainer.

Warren Ingram, Galileo Capital Financial Advisor

About half of your growth when investing in shares comes from dividends. If you sit on the side-lines you’re not earning those dividends.

Warren Ingram, Galileo Capital Financial Advisor

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Article brought to us by Old Mutual.

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