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:
Nadir Thokan (Co-Chief Investment Officer at 27Four) shares his stock picks of the week with Bruce Whitfield on The Money Show.Read More
Kruger International Asset & Wealth Management Director Mia Kruger shares her stock picks of the week on The Money Show.Read More
Most personal finance advisors suggest reducing “risk” a year or two before retirement. Ignore them, reckons Warren Ingram.Read More
After a "calamitous” mini-budget, Austen Morris Associates does not see a single reason to invest any discretionary funds in SA.Read More
Rowan Williams shares his stock picks of the week with Bruce Whitfield on The Money Show.Read More
Personal finance expert Warren Ingram on how to determine your “financial freedom number”. There's a simple formula.Read More
Portfolio Manager Byron Lotter shares his stock picks of the week with Bruce Whitfield on The Money Show.Read More
Personal finance expert Warren Ingram warns that divorce almost always destroys wealth. Here’s how to not lose your money.Read More
Saving money on boring stuff such as a car can allow you to do really outrageous and courageous stuff, says Sam Beckbessinger.Read More
The Money Show’s Bruce Whitfield asks investment analyst Nolwandle Mthombeni to share her stock picks of the week.Read More