How to ensure your investments weather geopolitical storms
"I think it helps you to take a much longer-term focus, if you say, OK, this is the norm," suggests Galileo Capital cofounder Warren Ingram.
FILE: US President Donald Trump. Picture: AFP
The Money Show's Stephen Grootes is joined by Galileo Capital's Warren Ingram.
Listen below:
"We have to make peace with the fact that Donald Trump is going to keep us on our toes for the rest of his presidency."
- Warren Ingram, Certified Financial Planner
You can protect your investments amid geopolitical turbulence, says Ingram.
It's been a volatile few months for South Africans - from the uncertainty around the budget to the impact of the global trade war initiated by Trump.
"People are worried about the value of their investments. They're worried about whether they'll be able to retire," says Ingram.
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"He (Trump) enjoys the volatility he creates... that it's here to stay is a reality."
- Warren Ingram, Certified Financial Planner
But all is not lost, says Ingram.
We can do something about that, he says.
"We can't control the politicians, but we can psychologically prepare ourselves."
- Warren Ingram, Certified Financial Planner
And that means being realistic about what the future holds.
Prepare for the long game, says Ingram.
"I think it helps you to take a much longer-term focus, if you say, OK, this is the norm, I can't plan my investments or my business strategies around hoping that in three months, everything's going to calm down."
- Warren Ingram, Certified Financial Planner
"If you turn it on its head to say, this is the norm, it's going to be crazy, it's going to be volatile, then you can make much more sensible decisions that are long term and forward-looking... don't worry too much about the day-to-day moves."
- Warren Ingram, Certified Financial Planner
Scroll up to listen to the interview.
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