MyMoney Online, The Personal Finance series with Warren Ingram

How to invest for retirement in a brave new, post-Zuma South Africa

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

Click here (then “like” the page) to follow Bruce on Facebook.

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.

Subscribe to our Business Wrap Newsletter


Recommended

by NEWSROOM AI
Read More
How to make best use of your year-end bonus

How to make best use of your year-end bonus

The Money Show’s Bruce Whitfield interviews Warren Ingram, Personal Financial Advisor and Executive Director at Galileo Capital.

UK politics descends into chaos as Tories trigger no confidence vote against May

UK politics descends into chaos as Tories trigger no confidence vote against May

The Money Show’s Bruce Whitfield interviews Prof Raymond Parsons (Economist at NWU Business School) and EWN's Alex Eliseev.

The best things to listen to this holiday

The best things to listen to this holiday

What music can do for the soul, podcasts can do for the mind.

How RMB went from 'too poor to buy a photocopier' to the largest bank in SA

How RMB went from 'too poor to buy a photocopier' to the largest bank in SA

Bruce Whitfield sat down with GT Ferreira, Laurie Dippenaar and Paul Harris, the inspirational founders of Rand Merchant Bank.

10 most-read articles of 2018 from Bruce Whitfield's The Money Show

10 most-read articles of 2018 from Bruce Whitfield's The Money Show

It's interesting to see which The Money Show articles were most widely read in 2018; a very tough year for the economy.

Research proves networking doesn’t work (if you try it with strangers)

Research proves networking doesn’t work (if you try it with strangers)

Review of “Friend of a Friend: Understanding the Hidden Networks That Can Transform Your Life and Your Career” by David Burkus.

Popular articles
[WATCH] Over 50 artists record special version of Johnny Clegg’s  “The Crossing”

[WATCH] Over 50 artists record special version of Johnny Clegg’s “The Crossing”

For this week's #GoodNewsThursdays, we find out the inspiration behind the production.

Why Genetic Sexual Attraction isn't quite the same as incest

Why Genetic Sexual Attraction isn't quite the same as incest

Clinical sexologist Dr Eve unpacks the complex phenomenon of estranged relatives who are sexually attracted to each other.

3 emergency numbers you should have on speed dial and how they work

3 emergency numbers you should have on speed dial and how they work

These are the emergency numbers you should have on your cellphone and this is what you must understand about how they work.