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
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.
Recommendedby NEWSROOM AI
Income or equity – what is the difference?
The US market has a big impact on all markets and when they get flu, South Africa sneezes.
Anglo American delivered a 2019 profit attributable to equity shareholders of 3.5-billion USD
Discovery is soothing investors' nerves after a warning earlier this week that it would report a double digits loss.
The Money Show’s Bruce Whitfield interviews Galileo Capital Financial Advisor Warren Ingram.
The Money Show’s Bruce Whitfield interviews Galileo Capital Personal Financial Advisor Warren Ingram.
Stage 2 power cuts are scheduled until 6 am on Sunday, but Eskom says this could be extended.
Joanne Joseph spoke to Play Africa founder and CEO Gretchen Wilson-Prangley on International Language Day.
Former commissioner Yasmin Sooka says it has been a 16-year battle trying to get the NPA to prosecute TRC-related cases.
Uber Sub-Saharan Africa general manager Alon Lit says their prices have not changed drastically since 2013.
SIU spokesperson Kaizer Kganyago says the court has given the unit the green light to institute legal action against the company.
Eyewitness News reporter Lizelle Persens gives an update from the protest in Parow.
The actor and singer joined Azania Mosaka in studio for this week's Friday Profile.
Make sure you don't miss the Simon & Garfunkel Songbook national tour taking place in Johannesburg, Cape Town and Sasolburg.
PARTNER CONTENT: Samsung's new Galaxy Z Flip has South Africa, and our presenters, abuzz - and it launched in SA today!
Committee member of the Gauteng RET Zuma supporters Carl Niehaus says supporters must arrive before 10am.