MyMoney Online, Personal Finance with Warren Ingram

4 ‘places of safety’ for investors to consider (though there is really only one)

Source: pixabay.com

The JSE is struggling.

The rand is toast.

Offshore markets are not offering much hope of better returns in the near future, and Trump’s posturing about a trade war has everyone rattled.

Feeling nervous, and looking for a safe haven?

Your option are, unfortunately, limited.

The Money Show’s Bruce Whitfield asked Galileo Capital Personal Financial Advisor Warren Ingram the following question:

  • What are the places of safety for investors?

Ingram discussed the following popular options:

Gold/silver or other resources

These, potentially, offer short-term safety for a portion of your investments.

Keep in mind, though, that these assets do not earn an income.

Cash

An increasingly attractive option for USD investments, said Ingram.

Ingram reckons local interest rates may stay at current levels for longer.

Cash is always a short-term option and you have to be clear about when you will deploy it.

Cryptocurrencies

These are very volatile with significant downside risks.

It is, said Ingram, a form of speculation at best.

Asset class and geographic diversification

This is probably your best bet in the long term.

In the short-term, there is the risk that all assets may fall at the same time.

For more detail; listen to the interview in the audio below.

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