In today's podcast, Warren Ingram answers your questions around importance of diversification in investing, particularly for young investors looking to build a global portfolio. Warren outlines strategies for offshore investment, including the use of feeder funds and the implications of currency exchange and capital gains tax. Warren also emphasizes the need for a balanced approach to investing, combining different vehicles such as unit trusts and exchange-traded funds, while also considering tax efficiency and growth potential.


Takeaways

• Diversification is crucial for long-term investment success.
• Investing a portion of your money overseas is essential.
• Feeder funds can simplify the process of offshore investing.
• Understanding tax implications is key to effective investing.
• Investing in index funds can reduce risk and increase returns.
• Start with foundational investments before considering individual shares.
• Monitor currency impacts on your investments.
• Utilize tax-free allowances to maximize growth.
• Plan your investments to minimize capital gains tax exposure.
• Maintain a balance between local and global investments.

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In todays episode Warren Ingram discusses the complexities of investment fees, the importance of selecting the right funds, and how to evaluate the value of financial advisors. He emphasizes the need for transparency in fees, the significance of diversification, and the role of good advisors in making informed investment decisions.

Takeaways

• High investment product fees can be considered immoral.
• Consolidating investments can lead to lower fees and simpler management.
• Diversification in a small market like South Africa may not be effective.
• Good financial advisors can add significant value to your investment strategy.
• Performance fees should only be charged when funds perform well.
• Understanding the components of investment fees is crucial for investors.
• Investors should question their advisors about fund selections and fees.
• A certified financial planner is a key qualification to look for in an advisor.
• Transparency in fee structures is essential for trust in advisor relationships.
• Total investment costs should ideally be below 2.5% for good service.

Get more insight on how Prescient Investment Management can help you here.

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Have a question for Warren? Don't forget to voice note your questions through our WhatsApp chat on (+27)79 807 8162 and you could be featured in one of our episodes. Follow us on Twitter, LinkedIn and subscribe to our YouTube channel for more Financial Freedom content: @HonestMoneyPod

In today's episode Warren Ingram answers your questions about the principle of earning dollars and where to invest the money. Warren speaks to keeping investments in the currency in which they were earned to avoid conversion costs, the importance of diversification and the All Country World Index versus the MSCI World Index.


Takeaways

• Keep investments in the currency in which they were earned to avoid conversion costs.
• Diversify investments and avoid solely focusing on the American market.
• Consider investing in the All Country World Index for global exposure.
• Choose a low-cost global platform for investing.
• Consider adding the top 40 index for a diversified portfolio.

Get more insight on how Prescient Investment Management can help you here.

Send us a text

Have a question for Warren? Don't forget to voice note your questions through our WhatsApp chat on (+27)79 807 8162 and you could be featured in one of our episodes. Follow us on Twitter, LinkedIn and subscribe to our YouTube channel for more Financial Freedom content: @HonestMoneyPod