The Personal Finance series with Warren Ingram

Brexit… Trump… Cabinet reshuffle… Face your fears! Here’s where to invest…

The banking sector looks like really great value.

Warren Ingram, Galileo Capital Financial Advisor

If the rand continues to weaken it’s a massive positive for rand-hedge shares, and they make up about half of our market.

Warren Ingram, Galileo Capital Financial Advisor

Brexit… Trump… Cabinet reshuffle… downgrade…

Where should you invest your money?

Here are a few points to consider:

Brexit

  • The pound fell dramatically after the Brexit vote last year, and since then has been trading around 15% lower compared to the dollar and 12% lower compared to the euro than it was before the referendum.

  • Currency strategists say that sterling is likely to remain volatile in the coming months until there is greater clarity about the UK's Brexit deal.

  • However, UK stock markets have risen since last summer (the FTSE 100 is up by 16% since the referendum).

Donal Trump

  • There is a real threat of trade wars.

  • Highly anticipated meeting between Trump and Chinese premier Xi; resulting in dollar trading lower.

  • Replacement of Obama’s health care plan.

  • Restricting immigration.

South Africa

  • Continued fallout from the Cabinet reshuffle.

  • Continued fallout from the ratings downgrade.

  • Market are up.

Arabile Gumede (in for Bruce Whitfield on The Money Show) interviews Galileo Capital Personal Finance Advisor Warren Ingram for the weekly personal finance feature.

Ingram shared the following thoughts:

  • Take time to make big decisions; don’t plan on only one outcome to this situation - there could be multiple results.

  • Currencies and markets usually strengthen in the 12 months after a downgrade.

  • Consider that there is a huge difference between the economy’s performance and the market’s performance.

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

The three major drivers of the rand are international factors, the resources cycle and local factors. Two out of those three are in our favour. That’s why the rand is stronger that when Nene got fired.

Warren Ingram, Galileo Capital Financial Advisor

We’ve got tough times coming up.

Warren Ingram, Galileo Capital Financial Advisor

A couple of things were going right, and then this happens.

Warren Ingram, Galileo Capital Financial Advisor

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Article brought to us by Old Mutual.


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