Use this handy checklist to see if your investments are OK
Personal finance expert Warren Ingram (Galileo Capital) says every investor should ask herself the following five questions:
Do you need all your fingers to count your investments?
Do you own investments that you don’t understand?
Can you explain why you bought each investment?
Do you own investments that you have never changed after buying?
Do you regularly add new and different types of investments?
Listen to the interview in the audio below (and scroll down for quotes from it).
Most people either think too much or too little about their investments!Warren Ingram, Personal Financial Advisor - Galileo Capital
It’s no good to have more than five investments in your portfolio.Warren Ingram, Personal Financial Advisor - Galileo Capital
Hedge funds, guaranteed products, structured products… If you don’t understand what you’re invested in, you can’t gauge how much risk you’re taking.Warren Ingram, Personal Financial Advisor - Galileo Capital
Get the 10 most-read articles of the week from Bruce Whitfield’s The Money Show, emailed to you every Friday morning:
Despite the huge expense, few medical aids cover members in full when they're hospitalised, leaving them with massive shortfalls.Read More
Not the budgeting type? Certified Financial Planner Paul Roelofse explains the “30/30/40” budgeting without budgeting hack.Read More
How much are you worth? Paul Roelofse, a Certified Financial Planner, gives a template for you to copy and adjust.Read More
The Money Show’s Bruce Whitfield asks Peter Armitage (CEO at Anchor Capital) for his stock picks of the week.Read More
Can you afford to leave South Africa? Certified Financial Planner (CFP) Barry O'Mahony on what to consider before deciding.Read More
Edgar Mafoko (Portfolio Manager at FNB Wealth and Investments) shares his stock picks of the week on The Money Show.Read More
Devin Shutte (Head of Investments at The Robert Group) shares his stock picks of the week with Bruce Whitfield on The Money Show.Read More
Personal finance expert Warren Ingram (Galileo Capital) on how to raise financially free children.Read More
Bruce Whitfield interviews senior Karatbars representatives, a financial advisor and someone who was invited to its conference.Read More