MyMoney Online, Personal Finance with Warren Ingram

JSE up 19% since July. Consider politics when investing? No, it doesn't work

Investing on the basis of politics, religion and social benefits doesn't make you money, according to Galileo Capital Personal Financial Advisor Warren Ingram.

Consider that last year many South African investors were worried about the country.

By mid-year, the panic was in full force, and people were selling South African assets at a rapid rate.

There was a lot of merit to their concerns.

No one was sure how the battle between Cyril Ramaphosa and Nkosazana Dlamini Zuma was going to pan out.

Immediately after the ANC elected Ramaphosa as its President the country was told that property was going to be expropriated without compensation.

This caused investors to remain on the sidelines with their capital “until things got better”.

In that time a lot has happened:

Steinhoff, the EFF bill in Parliament about EWC, Resilient Group’s price collapse, Turkey, Trump, the EFF siding with ANC in Eastern Cape, etc.

Those investors who sold out and kept their money in cash until things got better, would still be waiting.

In that time, they have probably earned 6.5% interest on their money.

What happened to the JSE?

Since 1 July it’s delivered more than 19%.

Those who sold out and invested their money in US$?

They might have achieved a return of 10% if they were lucky.

The Money Show’s Bruce Whitfield interviewed Ingram for his weekly personal finance feature, asking him to elaborate on what's written above.

Listen to the interview in the audio below.

Get the 10 most-read articles of the week from Bruce Whitfield’s The Money Show, emailed to you every Friday morning:

Subscribe to our Business Wrap Newsletter


Recommended

by NEWSROOM AI
Read More
[LISTEN] 10X  defends its cheeky investment ad

[LISTEN] 10X defends its cheeky investment ad

The Advertising Regulatory Board (ARB) has ordered the investment group to withdraw an ad that "disparages" its competitors.

Tourism Business Council working with ministry to tackle tourist safety

Tourism Business Council working with ministry to tackle tourist safety

CEO at the Tourism Business Council of SA Tshifhiwa Tshivhengwa says they are looking to find a lasting solution.

'We're not immune to challenges in the economy so we also salvage from our side'

'We're not immune to challenges in the economy so we also salvage from our side'

CEO at Curro Holdings Andries Greyling explains how the company has manged to sustain good growth.

[LISTEN] Mcebisi Jonas gives his take on SA's economic and political landscape

[LISTEN] Mcebisi Jonas gives his take on SA's economic and political landscape

The former deputy finance minister details some of the contents of his book 'After Dawn: Hope after state capture'.

Doomsday weapons, a deterrent or a real threat?

Doomsday weapons, a deterrent or a real threat?

The World is both safer and more dangerous than it has ever been and these weapons could end human life on the planet.

[LISTEN] The myths around barriers to doing business in Francophone Africa

[LISTEN] The myths around barriers to doing business in Francophone Africa

Bruce Whitfield speaks to director at Africa House Paul Runge.

Popular articles
Impact of new debt-relief bill will be 'severe'

Impact of new debt-relief bill will be 'severe'

The National Credit Amendment Bill aims to help indebted consumers earning less that R7,500 per month, restructure their debt.

Red flags to look out for when entering a new relationship

Red flags to look out for when entering a new relationship

Clinical sexologist Dr Eve says more research is coming out to show that men who abuse women are more likely to be narcissists.

'The comedy of errors shows Mkhwebane serving Absa a subpoena intended for FNB'

'The comedy of errors shows Mkhwebane serving Absa a subpoena intended for FNB'

Mail & Guardian investigative editor Thanduxolo Jika unpacks the Public Protector's legal battles.

SA announces visa waivers for four counties

SA announces visa waivers for four counties

Home Affairs Minister Aaron Motsoaledi says Qatar has also relaxed entry requirements for SA citizens.

Mkhwebane 'disappointed' over latest legal loss related to Estina report

Mkhwebane 'disappointed' over latest legal loss related to Estina report

The High Court has ordered that the Public Protector personally pay some of the legal costs for the DA and Casac.

Senzo Mchunu on mission to fill public service vacancies

Senzo Mchunu on mission to fill public service vacancies

A staggering 123,843 posts are available in the national and provincial departments.

Buying for investment purposes may be nub of problem suggests property economist

Buying for investment purposes may be nub of problem suggests property economist

Property economist Francois Virul explains the changes in property prices over the past few years.