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How to keep your wealth intact (should Jacob Zuma fire Pravin Gordhan)

30 March 2017 7:37 PM
Tags:
Pravin Gordhan
Jacob Zuma
Cabinet reshuffle
We have learned a thing or two from Nene-gate, says Galileo Capital Personal Financial Advisor Warren Ingram.

Considering our personal finances; what lessons have we learned from Nene-gate?

How can we apply those lessons now, seeing as though we might go through all of that again?

Those are the questions The Money Show’s Bruce Whitfield asked Galileo Capital Personal Financial Advisor Warren Ingram for his weekly personal finance feature.

This is some of what Ingram suggested:

  • Take time to make big decisions.

  • Consume news carefully and consider multiple sources. Be wary of fake news and rumours.

  • Major moves in the rand or JSE might correct within months.

  • Try scenario planning rather than a one solution approach.

  • Even really bad news might have a longer term positive outcome.

For more detail listen to the interview in the audio below (and/or scroll down for quotes from it).

Wait between three and six months before making big decisions. The market tends to overreact.

Warren Ingram, Galileo Capital Financial Advisor

The roller-coaster ride impairs your ability to make smart decisions.

Warren Ingram, Galileo Capital Financial Advisor

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Article brought to us by Old Mutual.


30 March 2017 7:37 PM
Tags:
Pravin Gordhan
Jacob Zuma
Cabinet reshuffle

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