Everyone – particularly if you live in Cape Town – is worried about water.
What if it runs out?
Ingram is no expert when it comes to water, or the impending “Day Zero”.
However, he does have some sage advice for what to do if the "investment water” runs out.
Listen to the interview in the audio below (and/or scroll down for quotes from it).
Hedge your bets. If you have nothing overseas… buy rand-based overseas investments…— Warren Ingram, Galileo Capital Financial Advisor
You need about a minimum of 25% of your investments overseas.— Warren Ingram, Galileo Capital Financial Advisor
If we’re downgraded… index tracking funds will have to sell South African bonds…— Warren Ingram, Galileo Capital Financial Advisor
If you hold bonds… it’s possibly priced in already…— Warren Ingram, Galileo Capital Financial Advisor
There are more political analysts in South Africa than there are people right now!— Warren Ingram, Galileo Capital Financial Advisor
Take a coin, flip it. You’ve got a better chance of being right than listening to a political analyst.— Warren Ingram, Galileo Capital Financial Advisor
The South African stock market is massively hedged against a weak rand.— Warren Ingram, Galileo Capital Financial Advisor
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