MyMoney Online, The Personal Finance series with Warren Ingram

You have too many eggs in too few baskets (e.g. your home, Naspers in your RA)

Naspers (R2800 per share) makes up about 15% of the whole stock market in South Africa.

Most South African investors have a large proportion of their savings in property.

For many, their second largest investment is in their retirement fund which may have a large exposure to Naspers.

In other words, most South African investors have too many of their eggs in too few baskets.

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

Ingram gave advice on what to do if you’ve got the problem mentioned above.

You need to be properly diversified across asset classes (cash, bonds, property, shares).

Ingram also suggests, for example, to invest in an equally weighted Top 40 rather than the straight-up one.

You don’t necessarily have to avoid concentrated investment picks, said Ingram, but you must understand them, especially your risk of a capital loss.

For more detail; listen to the interview in the audio below.

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Article brought to us by Old Mutual.


This article first appeared on 702 : You have too many eggs in too few baskets (e.g. your home, Naspers in your RA)


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