Typically, she or he will ask:
- I would like to trade on the market. However, I have no idea how is it done - or how to go about.
Whitfield put the question to Galileo Capital Personal Financial Advisor Warren Ingram.
Listen to his answer in the audio below (and/or scroll down for quotes from it).
You’re going to make an incredible amount of mistakes… Limit the impact of them…— Warren Ingram, Galileo Capital
Do it with a small amount of money you can totally afford to lose…— Warren Ingram, Galileo Capital
Don’t go to a place that charges R150 per transaction… Look for companies that are prepared to trade at a low cost…— Warren Ingram, Galileo Capital
You can’t just buy one share… because, unfortunately, that one share might be Steinhoff… spread out your investments…— Warren Ingram, Galileo Capital
You have to do a large amount of homework… Spread the workload… There are investment forums… You need to read a lot… Read the companies’ annual reports… If you’re not going to do that; use the stock broking account to buy Exchange Traded Funds…— Warren Ingram, Galileo Capital
Only make five investment decisions per year… You’ll win if you transact less… You need to look at this stuff [only] once a month… Buy with the view of never selling…— 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
The Money Show’s Bruce Whitfield interviews FitChef founder Wayne Kaminsky.
The Money Show’s Bruce Whitfield interviews economist Mamello Matikinca.
Pan-African Investments and Research Services CEO Dr Iraj Abedian on what we should know about the impact of the minimum wage.
The Money Show’s Bruce Whitfield interviews Ruaan Van Eeden, Managing Director for Tax and Exchange Control at Geneva Management.
No amount of name changing, or logo redesign, will have any effect if the underlying product remains defective, warns Rice.
Do you enjoy listening to Bruce Whitfield’s The Money Show, but miss it sometimes?
Stephen Grootes says he believes former Eskom CEO Brian Dames when said he was not formally introduced to the Gupta family.
Pan Africanist Congress's Narius Moloto explains why it supports the name Azania, a word which he says has Arabic origins.
Wits associate professor of economics Christopher Malikane speaks to Azania Mosaka about the term that is being bandied about.
Zuma says he cannot be expected to act against Minister Bathabile Dlamini on social grants matter now before the ConCourt.
Deputy President Cyril Ramaphosa announced that the minimum wage of R20 per hour is expected to be implemented by May 2018.
The EFF lawyer stole the show during the state capture report court battle.
WIN R2000! But only if you can prove you're a whiz of the MTN Biz Quiz by answering the following three questions...