The Money Show’s Bruce Whitfield asked Galileo Capital Personal Financial Advisor Warren Ingram to share some advice he may have on retirement investing now that the political situation in South Africa has changed quite dramatically.
Ingram gave the following tips:
If you own a living annuity, consider reducing your income you draw when the market strengthens to limit the impact of your income on capital growth.
Focus on government bonds, offering good growth above inflation and, if interest rates drop, you get some capital growth too.
The listed property sector - a great income generator - has been decimated in recent months; there are some good value businesses offering a high income. Consider a unit trust that is not heavily invested in offshore property.
The one-way bet on investing all your money offshore is not sensible or rational anymore. The rand has strengthened by more than 20% since Nene-gate. Income from offshore would have been severely impacted if you had invested 100% of your living annuity offshore.
Now that balanced unit trusts may invest up to 30% offshore, there is more scope to invest globally without needing a tax clearance – good for income investors.
- Ensure a good balance between domestic and offshore funds. If interest rates drop; it’ll be good for bonds, local property and local shares.
For more detail; listen to the interview in the audio below (and/or scroll down for quotes from it).
There is hope around the economy and investment markets.— Warren Ingram, Galileo Capital
You need to be careful about a false sense of optimism.— Warren Ingram, Galileo Capital
I don’t have a cooking clue what it [the market] will do in the next two or three years.— Warren Ingram, Galileo Capital
We’re likely to see interest rate cuts this year.— Warren Ingram, Galileo Capital
Enter your email address in the form below to receive a newsletter containing the most-read articles of the week from Bruce Whitfield’s The Money Show every Friday morning in your inbox.
Recommendedby NEWSROOM AI
The concept is not new, or a hipster fad. The Money Show’s Bruce Whitfield interviews Nude Foods founder Paul Rubin.
The country is poised to make history. Bruce Whitfield interviews Prof Alex van den Heever of the Wits School of Governance.
State-owned (but not managed) Ethiopian Airlines is profitable. Bruce Whitfield interviews Africa correspondent Lee Kasumba.
One country holds as much as 70% of the world’s phosphate and we can’t feed the world without it.
The Money Show’s Bruce Whitfield interviews Galileo Capital Financial Advisor Warren Ingram.
The Money Show’s Bruce Whitfield interviews Galileo Capital Personal Financial Advisor Warren Ingram.
Social Media Law Expert, Emma Sadleir, says the Randburg court has issued a protection order for the Kumalo's.
Regional manager, Richard Walker, says there's an indication of arson in all three incidents but the motive is still not clear.
Political analyst Prince Mashele talks about the ANC NEC meeting contradicting messages stemming from this.
The Money Show’s Bruce Whitfield interviews the famed and fearless journalist about his money history, hopes and beliefs.
Not sure which shares to buy? Bruce Whitfield interviews Gerbrand Smit, Chief Investment Officer at Nefg Fund Managers.
SA Institute of Race Relations media head Micheal Morris says politicians must be cautious of such divisive statements they make.
Show host Eusebius McKaiser says EFF's leader Julius Malema's comments on Indians are grossly unacceptable and irresponsible.
Stage 1 load shedding has been declared nationally. The City of Cape Town has urged residents to take note of the schedules.
Media law guru Emma Sadleir warns employees online that there are many potential events that could bring a company into disrepute.