Make Money Mondays, The Money Show with Bruce Whitfield

I come from having very little, to having a lot - Craig Gradidge

https://gminvestments.co.za/

I grew up in a small, coloured township north of Durban. My dad passed when I was five years old. Life was fairly tough… My mom had three boys. And I was always hungry… We lost the car, lost the house...

Craig Gradidge, co-founder - Gradidge-Mahura Investments

I learned from my mom how to budget. So I can budget with the best of them!

Craig Gradidge, co-founder - Gradidge-Mahura Investments

Wine, whisky and my children! [When asked if he wastes money on anything.]

Craig Gradidge, co-founder - Gradidge-Mahura Investments

Every week The Money Show’s Bruce Whitfield interviews a famous person about her or his attitude to money (hopes and fears, successes and failures, etc.) as part of his weekly “Make Money Mondays, Personal Edition” feature.

This week Whitfield interviewed Craig Gradidge, co-founder and Financial Planner at Gradidge-Mahura Investments.

Gradidge holds a B.Com (Wits), B.Com Honours (UNISA), Post Graduate Diploma in Financial Planning (UFS) and an MBA (UCT).

He is a Certified Financial Planner (CFP) and a member of the Financial Planning Institute of Southern Africa (FPI).

Gradidge has been in the industry for 23 years.

  • What does he believe about money?

  • Does it keep him up at night?

  • Does he save compulsively?

  • How did his childhood experiences shape his views on money?

Listen to the interview in the audio below (and scroll down for more quotes from it).

…The average adviser in this country is white, male, Afrikaans-speaking and 53 years old… The market is young, black, professional…

Craig Gradidge, co-founder - Gradidge-Mahura Investments

I come from having very little to having a lot…

Craig Gradidge, co-founder - Gradidge-Mahura Investments

We came into the market at exactly the wrong time. So, we had to cut back… You have to adapt and be flexible. You’ve got to play the hand you’ve been dealt…

Craig Gradidge, co-founder - Gradidge-Mahura Investments

I invest in some exotic stuff… Some of it good, some ended in tears…

Craig Gradidge, co-founder - Gradidge-Mahura Investments

The very first share I ever bought was Murray and Roberts…. I bought in 1998 for R3 and I sold at R6… an expensive lesson because it went to R100…

Craig Gradidge, co-founder - Gradidge-Mahura Investments

I invested in Grand Parade and sold out at R450… that’s helped a lot – risk management awareness… I got out of Steinhoff at R65… I took a punt when it got horribly smashed…

Craig Gradidge, co-founder - Gradidge-Mahura Investments

Nothing comes to mind immediately. [When asked about his worst money mistake.]

Craig Gradidge, co-founder - Gradidge-Mahura Investments

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
Canadian drinks Red Bull without getting wings. Sues Red Bull – and wins!

Canadian drinks Red Bull without getting wings. Sues Red Bull – and wins!

The company has agreed to settle. Because it said Red Bull gives you wings, and it doesn’t. Oh, Canada!

Tito Mboweni publishes evidence-based plan to fix structure of broken economy

Tito Mboweni publishes evidence-based plan to fix structure of broken economy

The Money Show’s Bruce Whitfield asks Peter Attard Montalto (Head of Capital Markets Research at Intellidex) for comment.

'NHI dropped on us like a dog dropping a huge, stinking turd in your kitchen!'

'NHI dropped on us like a dog dropping a huge, stinking turd in your kitchen!'

NHI is “completely and utterly unworkable”, warns Vestact MD Paul Theron. “It’s NOT going to be f***ing fine!” he says.

I love the people. They might not love me – Randall Abrahams (SA Idols judge)

I love the people. They might not love me – Randall Abrahams (SA Idols judge)

Idols SA’s "angry judge" Randall Abrahams talks about his attitude to money (hopes and fears, successes and failures, etc.).

SA’s richest woman opens up about being a refugee and becoming a billionaire

SA’s richest woman opens up about being a refugee and becoming a billionaire

Magda Wierzycka – Sygnia’s renegade CEO – on her attitude toward money (hopes and fears, successes and failures, etc.).

Aspirin is aspirin, or is it? The science of generic medicine…

Aspirin is aspirin, or is it? The science of generic medicine…

Generic drugs use the same active ingredients than branded drugs. It’s usually much cheaper, but is it really as good?

Popular articles
No traffic and everyone’s at home… Some short-term insurers offer lower premiums

No traffic and everyone’s at home… Some short-term insurers offer lower premiums

Short-term insurers suddenly carry a massively reduced risk burden, says consumer journalist Wendy Knowler. Getting some back?

A tipping point for video conferencing

A tipping point for video conferencing

A business tool for older generations, a staple for younger ones

Total number of positive coronavirus cases rises to 1,380

Total number of positive coronavirus cases rises to 1,380

This is an increase of 27 cases from Tuesday's announcement. Health Minister Zweli Mkhize has tested negative for the virus.

What is an 'economic depression'? Are we heading for one? Lessons from history…

What is an 'economic depression'? Are we heading for one? Lessons from history…

The Great Depression started 91 years ago and changed everything. Bruce Whitfield speaks to economic historian Keith Breckenridge.

Sars collects R1.4tr in taxes – up 5.3% on a year before, despite the recession

Sars collects R1.4tr in taxes – up 5.3% on a year before, despite the recession

Despite the achievement, the country still lost R100 billion in uncollected taxes, says Commissioner Edward Kieswetter.

Struggling to pay a debt? Your options: credit insurance vs debt relief holiday

Struggling to pay a debt? Your options: credit insurance vs debt relief holiday

Personal Finance expert Maya Fischer-French on the pros/cons of dipping into credit insurance vs opting for a debt relief holiday.

Absa launches extensive Covid-19 payment relief programme

Absa launches extensive Covid-19 payment relief programme

Absa is providing payment relief to its retail clients as well as its business banking and wealth customers.

'Gita Ramjee was probably one of the most remarkable women you would have met'

'Gita Ramjee was probably one of the most remarkable women you would have met'

The revered South African HIV scientist passed away at a Durban hospital on Tuesday after COVID-19-related complications.

[LOCKDOWN] Sars outlines measures to cushion the COVID-19 blow

[LOCKDOWN] Sars outlines measures to cushion the COVID-19 blow

Commissioner Edward Kieswetter says they have diverted customers to their online channels and contact centres.

How to communicate with frustrated children during lockdown

How to communicate with frustrated children during lockdown

Fair Practice Mediation Services director advocate Veerash Srikison says communication can breakdown in families during this time.