Three BIG financial questions in 2017

Certified financial planner, Paul Roelofse chats about some big financial questions that have come out of the year 2017.

Roelofse says that investing rests on the risk you are prepared to take in relation to your expected return.

I put together three big questions for the 2017 year, they came across my desk and it’s a very very unusual year.

Paul Roelofse, certified financial planner

Markets do not go up infinitely in a straight line so the fundamental problem with Bitcoin is that investors are speculating on past performance and have a straight line mentality says Roelofse.

Bitcoin came along as this new crazy place says Roelofse. He adds that it’s a space that no one really understands.

In our industry, we say that if it’s too good to be true then be careful says Roelofse. The surge in the price of Bitcoin to these dizzy heights is a phenomenon to say the least says Roelofse. Yet, do investors really know what they are investing in he adds.

Roelofse says that one of the big things you should be aware of when start investing, is that knowledge is power. He adds that not understanding is problematic.

I think the problem with Bitcoin still remains in that space, people are just diving into it off the back of past performances, not quite sure what they are doing.

Paul Roelofse, certified financial planner

If you want to invest in something like shares, then you have the understanding that overtime, that asset will perform says Roelofse. With Bitcoin you’re not really sure what’s going on he adds.

As we speak, in the last 7 days you would have lost nearly 30% on your Bitcoin says Roelofse

This is a frenzy which I think has got some danger points.

Paul Roelofse, certified financial planner

Listen to the audio below to hear about gold and the rand...


Recommended

by NEWSROOM AI

702 welcomes all comments that are constructive, contribute to discussions in a meaningful manner and take stories forward.

However, we will NOT condone the following:

  • Racism (including offensive comments based on ethnicity and nationality)
  • Sexism
  • Homophobia
  • Religious intolerance
  • Cyber bullying
  • Hate speech
  • Derogatory language
  • Comments inciting violence.

We ask that your comments remain relevant to the articles they appear on and do not include general banter or conversation as this dilutes the effectiveness of the comments section.

We strive to make the 702 community a safe and welcoming space for all.

702 reserves the right to: 1) remove any comments that do not follow the above guidelines; and, 2) ban users who repeatedly infringe the rules.

Should you find any comments upsetting or offensive you can also flag them and we will assess it against our guidelines.

702 is constantly reviewing its comments policy in order to create an environment conducive to constructive conversations.

Read More
Should Bitcoin be regulated?

Should Bitcoin be regulated?

CapeTalk's John Maytham speaks to Nicolene Schoeman-Louw about the Bitcoin currency which is currently uncontrolled.

Words you will hear today: Bitgasm

Words you will hear today: Bitgasm

How do you know if someone has invested in bitcoin?

Bitcoin vs Steinhoff – which one would you buy (if you had to hold for a year)?

Bitcoin vs Steinhoff – which one would you buy (if you had to hold for a year)?

The Money Show’s Bruce Whitfield interviews RMB’s Head of the Blockchain Initiative Farzam Ehsani.

Ban Bitcoin! - Nobel Prize winning economist Professor Joseph Stiglitz

Ban Bitcoin! - Nobel Prize winning economist Professor Joseph Stiglitz

The Money Show’s Bruce Whitfield interviews Stiglitz about his latest book and his take on the world and South Africa.

Are you missing out? Bitcoin (‘Zimbabwean dollar in reverse’) revisited…

Are you missing out? Bitcoin (‘Zimbabwean dollar in reverse’) revisited…

The Money Show’s Bruce Whitfield interviews Personal Financial Advisor Warren Ingram.

"There are about 1 800 new bitcoins being created a day"

"There are about 1 800 new bitcoins being created a day"

Simon Pateman Brown, financial educator at Just One Lap helps make sense of the bitcoin phenomenon.

Bitcoin is going bananas! Here's why it’s so valuable

Bitcoin is going bananas! Here's why it’s so valuable

Bitcoin skyrocketed to $7882 on Thursday. Bruce Whitfield interviews RMB Head of the Blockchain Initiative Farzam Ehsani.

Popular articles
Madiba’s private secretary Zelda la Grange opens up about money (hers and his)

Madiba’s private secretary Zelda la Grange opens up about money (hers and his)

Bruce Whitfield interviews La Grange about her and Madiba's attitude to money (hopes and fears, successes and failures, etc.)

How to make money through ‘buy-to-let’ (using very little of your own money)

How to make money through ‘buy-to-let’ (using very little of your own money)

Bruce Whitfield interviews Francois Janse van Rensburg, author of “Making Money through Buy-To-Let in South Africa".

Meet Elmar Conradie, CEO of low-cost FlySafair (world’s most on-time airline)

Meet Elmar Conradie, CEO of low-cost FlySafair (world’s most on-time airline)

The Money Show’s Bruce Whitfield interviews Conradie for his “ShapeShifter” feature.

Still recourse for family after NPA leave Zuma's son scot-free for fatal crash

Still recourse for family after NPA leave Zuma's son scot-free for fatal crash

NPA allegedly let Duduzane Zuma off the hook, despite a magistrate ruling he must be held liable for a woman's death in car crash.

UPDATE: Chilling WhatsApp from Marli van Breda's ex-boyfriend read out in court

UPDATE: Chilling WhatsApp from Marli van Breda's ex-boyfriend read out in court

Marli van Breda's ex took the stand in the trial of triple murder accused Henri van Breda.

3 easy questions could bag you R2000!

3 easy questions could bag you R2000!

WIN R2000! But only if you can prove you're a whiz of the MTN Biz Quiz by answering the following three questions...

Blesserfinder: Matching you with a sugar daddy near you

Blesserfinder: Matching you with a sugar daddy near you

Is social trend Blesserfinder, where girls are allegedly matching up with rich 'benefactors' in exchange for sex, a real thing?