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
9 tough questions you should never be afraid to ask your financial advisor

9 tough questions you should never be afraid to ask your financial advisor

Times are tough. Don’t spare her feelings! You must ask these questions of your advisor, implores Galileo Capital's Warren Ingram.

What it'll cost to educate your kid abroad (and how much you must save a month)

What it'll cost to educate your kid abroad (and how much you must save a month)

Bruce Whitfield asks Galileo Capital Financial Advisor Warren Ingram about the cost of educating a child overseas.

5 ways to stop losing sleep over money and the economy (no drugs needed!)

5 ways to stop losing sleep over money and the economy (no drugs needed!)

The economy is toast. Galileo Capital Personal Financial Advisor Warren Ingram has five tips to help you sleep well anyway.

Product helps young investors buy shares in US companies like Apple, Amazon, etc

Product helps young investors buy shares in US companies like Apple, Amazon, etc

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

How to get rich by investing in smoking hot US and Canadian dagga shares

How to get rich by investing in smoking hot US and Canadian dagga shares

Returns of 500% are not unheard of. Is this another crypto-like bubble? Not in the least, says Financial Advisor Warren Ingram.

Millennials – contrary to the stereotype - are very, very good with money

Millennials – contrary to the stereotype - are very, very good with money

Life is really hard for young adults, but they’re more than coping. Old Mutual research suggests older adults can learn from them.

Popular articles
CT council to decide on charging De Lille following new forensic report

CT council to decide on charging De Lille following new forensic report

The Bowman Gilfillan report, yet to be made public, found that De Lille allegedly failed to report tender corruption to council.

Magashule has never taken responsibility for anything says Mxolisi Dukwana

Magashule has never taken responsibility for anything says Mxolisi Dukwana

Dukwana accuses Magasshule of taking him to Saxonwold and asking him to sign a project over to the Guptas for R2 million a month.

Judge in Omotoso case dismisses defence application to recuse himself

Judge in Omotoso case dismisses defence application to recuse himself

Judge Mandela Makaula has dismissed the defence application saying it has no merit.

Lebelo's lawyer refuses to give evidence at Nugent Commission

Lebelo's lawyer refuses to give evidence at Nugent Commission

EWN Reporter Barry Bateman gives the latest on what is happening at the Nugent Commission of Inquiry into Sars.

Khayelitsha fire victims should get same help as Knysna says Sizwe Mpofu-Walsh

Khayelitsha fire victims should get same help as Knysna says Sizwe Mpofu-Walsh

Sizwe Mpofu-Walsh and callers discuss ways that corporate SA should help displaced Khayelitsha fire victims in Cape Town.

3 emergency numbers you should have on speed dial and how they work

3 emergency numbers you should have on speed dial and how they work

These are the emergency numbers you should have on your cellphone and this is what you must understand about how they work.