Typically, she or he will ask:
- I would like to trade on the market. However, I have no idea how is it done - or how to go about.
Whitfield put the question to Galileo Capital Personal Financial Advisor Warren Ingram.
Listen to his answer in the audio below (and/or scroll down for quotes from it).
You’re going to make an incredible amount of mistakes… Limit the impact of them…— Warren Ingram, Galileo Capital
Do it with a small amount of money you can totally afford to lose…— Warren Ingram, Galileo Capital
Don’t go to a place that charges R150 per transaction… Look for companies that are prepared to trade at a low cost…— Warren Ingram, Galileo Capital
You can’t just buy one share… because, unfortunately, that one share might be Steinhoff… spread out your investments…— Warren Ingram, Galileo Capital
You have to do a large amount of homework… Spread the workload… There are investment forums… You need to read a lot… Read the companies’ annual reports… If you’re not going to do that; use the stock broking account to buy Exchange Traded Funds…— Warren Ingram, Galileo Capital
Only make five investment decisions per year… You’ll win if you transact less… You need to look at this stuff [only] once a month… Buy with the view of never selling…— Warren Ingram, Galileo Capital
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