The Personal Finance series with Warren Ingram

Mistakes investors mustn't make now

Mistakes investors mustn't make now is this week's focus of Warren Ingram's Personal Fiance Feature. You need to be in charge of your financial destination about what you doing with your investments.

The markets are quite difficult to read at the moment as the markets are going up and down.

We've been party some very big cycles in South Africa. We've had the rand which until very recently has been on a very long weakening trend against the dollar, the pound and the euro.

Warren Ingram, Galileo Capital

Ray White, standing in for Bruce Whitfield, interviewed Galileo Capital Personal Financial Advisor Warren Ingram on his weekly personal finance feature.

He says only post 'Nenegate' has started to strengthen.

The second factor is that for more than two years the Johannesburg Stock Exchange has been going down.

After two years we start to say well it's never going to get better. This is it, the rand's just going to weaken....we might as well send all our money...because it's all going to be worthless. And that's a very dangerous way to think.

Warren Ingram, Galileo Capital

He says that thinking has a snowball effect and causes the market to drop faster.

It becomes much more difficult to become rational with these trends when you are actually really losing money. And suddenly your emotional responses start to overwhelm your rational responses.

Warren Ingram, Galileo Capital

If you ask me about 2017, that's going to be the trend that worries me the most with South African investors.

Warren Ingram, Galileo Capital

Ingram says we are seeing a rejigging of our stock market.

Listen to Warren Ingram's tips below on what not to do as an investor right now:

Cover photograph: InvestmentZen Image Gallery


This article first appeared on 702 : Mistakes investors mustn't make now


Recommended

by NEWSROOM AI
Read More
How to buy your first share (even if you only have R50, or less)

How to buy your first share (even if you only have R50, or less)

Got R50? No? Got R5? Personal finance expert Warren Ingram on how to buy shares with tiny amounts of money.

‘Budgeting’ for people who don’t budget (and probably never will)

‘Budgeting’ for people who don’t budget (and probably never will)

A simple savings plan for people who don’t like to budget. Bruce Whitfield interviews personal finance guru Warren Ingram.

Why women must be far more careful with their money than men

Why women must be far more careful with their money than men

Ray White talks to personal finance guru Warren Ingram, who reckons women should take financial planning more seriously than men.

Where to best save and invest so your children can one day go to university

Where to best save and invest so your children can one day go to university

#FeesMustFall, but don’t hold your breath. Take matters into your own hands to ensure a tertiary education, says Warren Ingram.

13 tips for saving hundreds (nay, thousands!) of rands each month

13 tips for saving hundreds (nay, thousands!) of rands each month

The economy is toast. Personal finance expert Warren Ingram shares 13 highly effective tips for making ends meet.

4 ‘places of safety’ for investors to consider (though there is really only one)

4 ‘places of safety’ for investors to consider (though there is really only one)

The JSE is struggling. The rand is toast. Trump’s trade war has markets rattled. Advisor Warren Ingram discusses places of safety.

Popular articles
Competition Commission denies allegations of corruption

Competition Commission denies allegations of corruption

Commissioner at Competition Commission, Tembinkosi Bonakele says the allegations leveled against them are utter rubbish.

Parents no longer have to travel with children's birth certificates

Parents no longer have to travel with children's birth certificates

The new Home Affairs upgrades to the system include printing parents details at the back of the child's passport.

Tell me what you want: Study reveals most common sexual fantasies

Tell me what you want: Study reveals most common sexual fantasies

What are your sexual fantasies? Disclosure can bring sexual freedom, but it can also have downsides. A study lists the top trends.

The story of amaBhungane (and how it’s digging up dung on the Guptas & friends)

The story of amaBhungane (and how it’s digging up dung on the Guptas & friends)

The Money Show’s Bruce Whitfield interviews amaBhungane Centre for Investigative Journalism Investigative Journalist Craig McKune.

Meet Elmar Conradie, CEO of low-cost FlySafair (world’s most on-time airline)

Meet Elmar Conradie, CEO of low-cost FlySafair (world’s most on-time airline)

The Money Show’s Bruce Whitfield interviews Conradie for his “ShapeShifter” feature.