Personal Finance with Warren Ingram

How to protect your money if Moody’s downgrades us to junk on Friday

If we hit the iceberg it’s too late… The lifeboats are gone… A lot of it is in the price already… Now would not be the time to sell your house or rands… This is the time to wait it out…

Warren Ingram, Personal Financial Advisor - Galileo Capital

South Africans are on tenterhooks as they await a decision from rating agency Moody's Investors Service on Friday.

The Money Show’s Bruce Whitfield interviewed Warren Ingram, a personal financial advisor and Executive Director at Galileo Capital.

Ingram discussed what is likely to happen to markets (interest rates, bonds, property, stocks, the rand, etc.) if there’s a change, and what investors should do.

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

The market has priced in a lot of negative news… Markets hate uncertainty even more than bad news… Markets could well bounce…

Warren Ingram, Personal Financial Advisor - Galileo Capital

If you sell your house now, you’re selling it for below the price you paid… That’s a permanent loss of capital…

Warren Ingram, Personal Financial Advisor - Galileo Capital

International markets are not cheap at all…

Warren Ingram, Personal Financial Advisor - Galileo Capital

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