MyMoney Online, The Personal Finance series with Warren Ingram

How to prevent losses by diversifying your investments

Also read the following related article:

* How to protect your wealth when the JSE is falling

The markets are restless. Can diversification of your investment help you prevent losses?

We interviewed Warren Ingram, Financial Advisor at Galileo Capital.

Some talking points from the interview:

  • Diversification of asset classes (shares, property, bonds and cash) is very important.

  • Diversification of geographies and currencies is also important.

  • You should also diversify over time - if you need to make a big investment (or withdrawal) use a phase-in strategy to reduce the effects of market volatility.

  • Diversification of fund managers is trickier. Sometimes different fund managers from different companies actually have the same portfolios.

Scroll down to listen to the interview.

Diversification means not putting all your eggs in one basket.

Warren Ingram, Galileo Capital Financial Advisor

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