MyMoney Online, Personal Finance with Warren Ingram

Is your investment advisor useless?

How do you know if your investment advisor is useless?

The Money Show presenter Bruce Whitfield interviewed Warren Ingram, Financial Advisor at Galileo Capital.

Ingram says that answers to the following questions should give you a good indication of whether your advisor is worth his salt:

  • Do you know what portion of your investments is allocated to shares, bonds, property and cash?

  • Do you have more than one type of fund from the same fund manager (e.g. a retirement annuity with a moderate fund and balanced fund both from, for example, Coronation)?

  • Do you know all the fees you are paying?

  • Do you have an idea of how much you could lose in a big stock market crash and, on the flip side, do you know what sort of long term growth to expect?

Scroll down to listen to the audio for more detail.

Subscribe to our Business Wrap Newsletter


Recommended

by NEWSROOM AI
Read More
How to make the most of a financial windfall (tax refund, bonus, gift, etc.)

How to make the most of a financial windfall (tax refund, bonus, gift, etc.)

Make the most of an unexpected (or expected) windfall such as a bonus, inheritance or (we can dream, can’t we?) lottery jackpot.

How to tell a truly amazing investment from one that’s merely a scam

How to tell a truly amazing investment from one that’s merely a scam

Bruce Whitfield talks to Warren Ingram, Financial Advisor at Galileo Capital, about telling the difference between the two...

Healthy money habits to form while you’re still young

Healthy money habits to form while you’re still young

Cultivating healthy money habits from a young age is vital if you’re to achieve financial fitness, says Warren Ingram.

8 lessons I’ve learnt about investing from driving my car

Financial Planner for The Financial Coach Gregg Sneddon uses driving as an analogy to teach some valuable lessons about investing…

4 beliefs about shares that keep you from growing wealthy

4 beliefs about shares that keep you from growing wealthy

4 popular, yet patently false, beliefs about stock market investing that's holding you back.

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.

'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.

How to buy your first share (even if you only have R50, or less)

How to buy your first share (even if you only have R50, or less)

Got R50? No? Got R5? Personal finance expert Warren Ingram on how to buy shares with tiny amounts of money.

 Motshekga to implement 'consequence management' at catastrophic schools

Motshekga to implement 'consequence management' at catastrophic schools

Basic Education Minister Angie Motshekga has called South Africa's education system a "national catastrophe" and a "crisis".