MyMoney Online, The Personal Finance series with Warren Ingram

Why investing in beer (not steel) will make you rich

It’s far more lucrative – over the long-term - to invest in companies that brew beer than those that produce steel, according to a study by Philosophical Economics.

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

Ingram said that there are some good lessons for us in the “steel vs beer” comparison.

Scroll down for quotes from the audio below.

Beer companies are great businesses over longer terms.

Warren Ingram, Galileo Capital Financial Advisor

How do commodity businesses create demand during downturns? It’s impossible!

Warren Ingram, Galileo Capital Financial Advisor

Steel is steel.

Warren Ingram, Galileo Capital Financial Advisor

The steel sector is a ‘price taker’ and not a great investment in the long-term.

Warren Ingram, Galileo Capital Financial Advisor

Beer will always be in demand!

Warren Ingram, Galileo Capital Financial Advisor

If you put $1000 dollars into steel in 1933 – consider the construction that came after- it would’ve grown into $57 000 today. Had you invested in beer it would be worth $26 million! That’s 460 times better!

Warren Ingram, Galileo Capital Financial Advisor

I wouldn’t sell my SABMiller shares now; I would hold on!

Warren Ingram, Galileo Capital Financial Advisor

Subscribe to our Business Wrap Newsletter


Recommended

by NEWSROOM AI
Read More
How to build a business that will survive constant technological change

How to build a business that will survive constant technological change

The Money Show’s Bruce Whitfield interviews Pavlo Phitidis, founder of Aurik Business Accelerator.

How to pay up to 45% less tax (and save the SA economy while you’re at it)

How to pay up to 45% less tax (and save the SA economy while you’re at it)

The Money Show’s Bruce Whitfield interviews Darryn Faulds, a fund manager at Grovest Group.

9 tough questions you should never be afraid to ask your financial advisor

9 tough questions you should never be afraid to ask your financial advisor

Times are tough. Don’t spare her feelings! You must ask these questions of your advisor, implores Galileo Capital's Warren Ingram.

Craft beer industry comments on likely marriage of giants SABMiller and AB Inbev

Craft beer industry comments on likely marriage of giants SABMiller and AB Inbev

The beer world faces its biggest merger ever. Here's what the craft beer industry makes of if this, seemingly, imminent union...

AB InBev explains vision for Africa. SABMiller rejects improved offer

AB InBev explains vision for Africa. SABMiller rejects improved offer

AB InBev explains its vision for Africa if it manages to merge with SABMiller, who just rejected yet another takeover bid.

SABMiller overtakes Naspers to become the largest company in Africa

SABMiller overtakes Naspers to become the largest company in Africa

Anheuser-Busch InBev’s intention to acquire its rival SABMiller is causing a surge in latter’s share price.

Popular articles
'Drug traffickers are used as a decoy'

'Drug traffickers are used as a decoy'

Director at advocacy group Locked Up SA, Patricia Gerber describes the extent of drug trafficking from South Africa.

Yet another wet and cold weekend for Gauteng warns weather service

Yet another wet and cold weekend for Gauteng warns weather service

Gauteng residents are warned to brace themselves for another weekend of heavy rain, possible hail and damaging winds.

[Watch] SA choir stuns with isiZulu cover of Ed Sheeran’s ‘Shape of You’

[Watch] SA choir stuns with isiZulu cover of Ed Sheeran’s ‘Shape of You’

Khabazela shares some of the most popular tweets, posts, and videos on 'What's gone Viral'.

10-year-old maths whiz Sbahle Zwane gets a scholarship from Curro school

10-year-old maths whiz Sbahle Zwane gets a scholarship from Curro school

Azania Mosaka catches up with Sbahle Zwane's mother to hear about developments with his schooling.

'It's unacceptable that government officials pay R75 for luxury apartments'

'It's unacceptable that government officials pay R75 for luxury apartments'

IFP national spokesperson Mkhuleko Hlengwa says the party is calling for a review of these rates that are a cost to taxpayers.

Getting drunk improves creative problem solving - Harvard Business School

Getting drunk improves creative problem solving - Harvard Business School

Bruce Whitfield asks branding and advertising expert Andy Rice about a peculiar study that has creatives reaching for the tequila.