Streaming issues? Report here
Aubrey Masango 2019 BW Aubrey Masango 2019 BW
The Aubrey Masango Show
20:00 - 22:00
volume_up
volume_mute

Up Next: Best of CapeTalk
See full line-up
The Aubrey Masango Show
20:00 - 22:00

Feel you've missed the money boat? Don't fall into the FOMO investment trap!

13 August 2020 8:43 PM

Bruce Whitfield and personal finance expert Warren Ingram get to grips with why perhaps you shouldn't, if you didn't...

Have you ever wanted to kick yourself for missing out on the last big thing?

Gold's shot up and the tech sector's boomed in the US.

But is now too late? If investors start jumping into tech or gold at this point, are they making a huge mistake?

RELATED: Investing in a pandemic: Gold remains the gold standard

Warren Ingram, personal financial advisor and Executive Director of Galileo Capital has some comforting words:

I think it's only fake human beings that can make money like that, not the real human beings like you and me!

Warren Ingram, Personal financial adviser and Executive Director - Galileo Capital

Ingram uses the topical example of gold as the go-to "safe haven" investment in times of trouble.

Gold is something that shoots up when everyone is really fearful and worried about the state of the world, whether it's an economic system, a political system or just a stock market crash.

Warren Ingram, Personal financial adviser and Executive Director - Galileo Capital

The whole gold mining sector in South Africa on the JSE is up nearly 200%; it's gone up two times in one year. Of course now is when you start to get the question from investors saying, shouldn't we go into gold?

Warren Ingram, Personal financial adviser and Executive Director - Galileo Capital

So we should have been in gold a year ago but we wouldn't have been able to forecast something like Covid a year ago.... Investing by looking in the rear view mirror while you're trying to drive forwards, it's just not helpful.

Warren Ingram, Personal financial adviser and Executive Director - Galileo Capital

And it's no good taking what's happened over the last 12 months as a projection of what's going to happen over the next 12 months, he says.

Unfortunately the world changes again and if the world goes from a state of being very fearful... and becomes less and less fearful because medical treatments get better for Covid and potentially there's a vaccine, then all of a sudden we're in a position where gold starts to lose value...

Warren Ingram, Personal financial adviser and Executive Director - Galileo Capital

But looking forward is very difficult Warren, it's almost impossible to do!... If you won't let me do gold then I'm going to do S&P 500, because that's been doing very well too...

Bruce Whitfield, The Money Show host

What's interesting is that the tech companies have been a big driver of the S&P 500 over the last while... It's names we all know... Again, it's been a great place to be in the past but I'm not convinced that's necessarily where we want to be in the future.

Warren Ingram, Personal financial adviser and Executive Director - Galileo Capital

Listen to more from Ingram about the pitfalls of "riding the trend" on The Money Show:


13 August 2020 8:43 PM

More from Personal Finance with Warren Ingram

JSE Johannesburg Stock Exchange 123rf 123rfbusiness

Economy in 2021: 'Expect a better year for South African assets'

15 January 2021 3:02 PM

An economist expects China growth at 9.5%, US money-printing, rising metal prices and trade- and current-account surpluses in SA.

Share this:
Read More arrow_forward

Funky hipster retired older mature couple 123rf 123rfbusiness retirement

Retirement funds in SA are changing – new laws come into effect on 1 March 2021

15 January 2021 1:23 PM

Bruce Whitfield asks personal finance advisor Warren Ingram to explain in detail the new laws affecting provident funds.

Share this:
Read More arrow_forward

Profit interest yield growth

How to buy your very first share – even if you have mere cents to invest

13 January 2021 3:04 PM

You can buy R1 (or even one cent) worth of shares. "The key to getting started is to get started," says Charles Savage.

Share this:
Read More arrow_forward

Happy woman new car vehicle motoring 123rf 123rfbusiness

Buying a new car may be possible – even if you can’t afford the monthly payments

13 January 2021 10:49 AM

Need new wheels? WesBank’s Lebogang Goaaketse discusses a popular method for making repayments more affordable.

Share this:
Read More arrow_forward

Bitcoin 123rfbusiness 123rf

'You can buy Bitcoin for as little as R10'

5 January 2021 12:55 PM

"Over the last month, it’s up 67%," says Farzan Ehsani. "Over the last year, it’s up 293%. These are dizzying numbers!"

Share this:
Read More arrow_forward

Bitcoin pacman eating US dollar dollars cryptocurrency cryptocurrencies 123rf

Should you buy Bitcoin right now? A handy 3-point checklist…

4 January 2021 2:31 PM

You may be missing out on riches beyond your wildest dreams. Or not. Here’s a 3-point checklist to guide your decision.

Share this:
Read More arrow_forward

Poor elderly woman counting money retirement 123rfpersonalfinance 123rf

Make your retirement savings last longer

13 November 2020 11:34 AM

Personal finance advisor Warren Ingram on ensuring you don’t run out of money before you run out of life.

Share this:
Read More arrow_forward

happy-moneyjpg

Yes, money can 'buy' you happiness! But invest in experiences, not things

29 October 2020 8:43 PM

There's also a magic number beyond which more money doesn't equate to more happiness, says personal finance guru Warren Ingram.

Share this:
Read More arrow_forward

car motoring 123rf

'Don't overspend on a car purchase - smaller and cheaper equals better value!'

17 September 2020 9:12 PM

Low interest rates and plenty of deals on offer - personal finance guru Warren Ingram points out the pitfalls on The Money Show.

Share this:
Read More arrow_forward

Worried couple financial money stress 123rfpersonalfinance 123rfbusiness 123rf

Stressed out? Playing for time when you have a home loan but no income

2 September 2020 7:12 PM

Warren Ingram explores the options, focusing on case study of guest house owner whose investments equal outstanding bond amount.

Share this:
Read More arrow_forward