Streaming issues? Report here
Refilwe Moloto 2019 1500 BW Refilwe Moloto 2019 1500 BW
Breakfast with Refilwe Moloto
06:00 - 09:00
volume_up
volume_mute

Up Next: Today with Kieno Kammies
See full line-up
Breakfast with Refilwe Moloto
06:00 - 09:00

Home
arrow_forward
Business
fiber_manual_record
Lifestyle

Why are you still paying an advisor when your investments are not growing?

20 September 2019 1:19 PM
Tags:
The Money Show
Personal finance
Galileo Capital
Financial advisors
investing
investments
INVEST
personal finances
Personal Financial Advisor Warren Ingram
financial advisor
diy investing
Arabile Gumede
personal financial advisor
personal finance advisor
personal finance expert
vanguard
Should you DIY? Personal finance expert Warren Ingram answers definitively, shares tips on telling if an advisor is good or not.

Your investments are not growing – why are you paying your financial advisor?

Is there an actual benefit in paying for advice, or should you go it alone?

Eight out of 10 small investors with a good advisor retire with enough money, according to research by Vanguard (the world’s largest index investor).

Vanguard research also shows investors with good advisors achieve 3% more growth in their investments than those who are unadvised.

The key outtake?

You need a good advisor (and a bad advisor is worse than having none)!

pixabay.com

Arabile Gumede (in for The Money Show’s Bruce Whitfield) asked personal finance expert Warren Ingram (Galileo Capital) how to tell if you have a good advisor.

Ingram gave this handy checklist:

  • In difficult times, your advisor motivates you to remain invested.

  • Your advisor pushes back when you instruct her to chop and change your investments when you're unhappy.

  • She tells you what you need to hear (not what you want to hear).

  • You know what she charges for her services.

  • You see her at least once a year.

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

Get the 10 most-read articles of the week from Bruce Whitfield’s The Money Show, emailed to you every Friday morning:

Subscribe to our Business Wrap Newsletter


This article first appeared on 702 : Why are you still paying an advisor when your investments are not growing?


20 September 2019 1:19 PM
Tags:
The Money Show
Personal finance
Galileo Capital
Financial advisors
investing
investments
INVEST
personal finances
Personal Financial Advisor Warren Ingram
financial advisor
diy investing
Arabile Gumede
personal financial advisor
personal finance advisor
personal finance expert
vanguard

Recommended

More from MyMoney Online

Receipts expenses till slips tax 123rf 123rfbusiness 123rflifestyle

Pay less tax when working from home

27 May 2020 9:19 AM

Craig Rocher on the criteria you must meet to claim for “home offices expenses” and which expenses are deductible (NOT the phone).

Share this:
Read More arrow_forward

Donald Trump Huawei 123rf 123rfbusiness

Is a Huawei device without Google Play worth it? Read this before you buy...

26 May 2020 11:57 AM

Google services such as Gmail and YouTube don't work on Huawei devices, but there are workarounds, says Jan Vermeulen.

Share this:
Read More arrow_forward

Paper moon bookshop second-hand books

Second-hand book fan? Indulge your weakness, and save Paper Moon Bookshop

21 May 2020 3:07 PM

Kieno Kammies interviews Chris Ormrod, owner of Paper Moon Bookshop (there’s one in Muizenberg and Woodstock).

Share this:
Read More arrow_forward

gumtree-widejpg

Gumtree SA activity surges: 'People realise they have more stuff than they need'

21 May 2020 2:12 PM

You can now deliver the stuff you advertised on Gumtree, says its General Manger Claire Cobbledick.

Share this:
Read More arrow_forward

Foodeez cookies past "best-before" date

Buy hugely discounted, perfectly good food beyond its 'best before' date

19 May 2020 9:49 AM

"We deal with non-perishable food that is good for many, many years after the 'best before' date," says Dave Bester of Foodeez.

Share this:
Read More arrow_forward

Piggy bank mask covid-19 coronavirus 123rfbusiness 123rflifestyle 123rf

Super-safe investment offers sky-high interest rates (10%) – it’s not a scam!

18 May 2020 12:01 PM

Personal finance experts agree - RSA Retail Savings Bonds is having more than a moment, right now. Your bank simply can't compete.

Share this:
Read More arrow_forward

Covid-19 closed mask small business coronavirus 123rflifestyle 123rfbusiness

[EXPLAINER] Covid-19 loan guarantee scheme for small businesses is now open

13 May 2020 9:08 AM

Bongiwe Kunene (MD, Banking Association SA) carefully and clearly explains the terms of the loan and who may apply.

Share this:
Read More arrow_forward

virus malware cybersecurity 123rf 123rflifestyle 123rfbusiness

Mimecast finds 115 000 fake Covid-19 websites designed to steal information

12 May 2020 9:20 AM

Distrust anything Covid-19 related that you receive from outside your trusted parameter, warns cybersecurity expert Brian Pinnock.

Share this:
Read More arrow_forward

broken piggy bank breaking 123rf 123rflifestyle 123rfpersonalfinance

You may have to cash in your retirement savings – but read this first

11 May 2020 2:44 PM

Feel tempted to cash in your pension? Refilwe Moloto asks Andrew Davison (Old Mutual) for pointers.

Share this:
Read More arrow_forward

volkswagen-polo-vwpng

Struggling to repay your car loan? About to miss a payment? You have options...

5 May 2020 11:00 AM

"The banks do not want to repossess your car," says National Debt Advisors CEO Sebastian Alexanderson.

Share this:
Read More arrow_forward

More from Personal Finance with Warren Ingram

Retirement couple relationship

How to plan for retirement during the Covid-19 crisis

28 May 2020 7:47 PM

The Covid-19 pandemic and the economic destruction in its wake has left some of us wondering if we'll ever be able to retire.

Share this:
Read More arrow_forward

Old house abandoned namibia 123rfbusiness 123rflifestyle 123rf

What will become of South Africa's property market and industry after lockdown?

30 April 2020 7:52 PM

Personal finance expert Warren Ingram shares his concerns and offers a few pointers.

Share this:
Read More arrow_forward

piggy-bank-coins-money-budget-savings-personal-finance-123rf

Earn up to 11.5% interest on one of the safest investments around

16 April 2020 7:33 PM

Personal finance guru Warren Ingram on why you should consider this risk-free investment, especially if you live off interest.

Share this:
Read More arrow_forward

Piggy bank mask covid-19 coronavirus 123rfbusiness 123rflifestyle 123rf

'If you still have a job, get rid of your debt as fast as you can'

2 April 2020 8:04 PM

Personal finance expert Warren Ingram has advice on how to survive – or even thrive – amidst the Covid-19 outbreak.

Share this:
Read More arrow_forward

household-bills-debt-expenses-money-finances-black-young-couple-worried-123rf

Struggling to pay a debt? Your options: credit insurance vs debt relief holiday

1 April 2020 6:29 PM

Personal Finance expert Maya Fischer-French on the pros/cons of dipping into credit insurance vs opting for a debt relief holiday.

Share this:
Read More arrow_forward

piggy-bank-coins-money-budget-savings-personal-finance-123rf

Market crashes - what happens to investor money afterwards?

12 March 2020 8:43 PM

Warren Ingram, wealth planner, has sensible advice for investors in gloomy times.

Share this:
Read More arrow_forward

COVID-19 virus coronavirus outbreak blood sample test tube 123rfpolitics 123rf

How to invest and manage your money when the world gets 'flu'

5 March 2020 8:05 PM

Markets are in turmoil in the wake of the coronavirus. How can you ''quarantine" your funds in a safe space?

Share this:
Read More arrow_forward

Price money consumer groceries

Budget 2020 made simple: how does it impact my personal finances?

27 February 2020 8:14 PM

Wealth builder Warren Ingram on how the new budget affects you.

Share this:
Read More arrow_forward

stock market crash.jpg

Is the US stock market heading for a crash like the DotCom bubble in 2000?

20 February 2020 7:57 PM

The US market has a big impact on all markets and when they get flu, South Africa sneezes.

Share this:
Read More arrow_forward

stress-black-man-papers-laptop-work-tax-fees-money-finance-woes-businessjpg123rf

This is the last month you can do any tax planning for the year

6 February 2020 8:23 PM

We ask financial planner Warren Ingram to help get our tax ducks in a row.

Share this:
Read More arrow_forward