Considering our personal finances; what lessons have we learned from Nene-gate?
How can we apply those lessons now, seeing as though we might go through all of that again?
This is some of what Ingram suggested:
Take time to make big decisions.
Consume news carefully and consider multiple sources. Be wary of fake news and rumours.
Major moves in the rand or JSE might correct within months.
Try scenario planning rather than a one solution approach.
- Even really bad news might have a longer term positive outcome.
For more detail listen to the interview in the audio below (and/or scroll down for quotes from it).
Wait between three and six months before making big decisions. The market tends to overreact.— Warren Ingram, Galileo Capital Financial Advisor
The roller-coaster ride impairs your ability to make smart decisions.— Warren Ingram, Galileo Capital Financial Advisor
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