In this episode, Warren Ingram answers your questions about fund manager fees and the impact on investor profits. Warren speaks to investing in retirement annuities provided by unit trust companies, admin and platform fees, as well as the importance of understanding investment costs to ensure you're not overpaying.

Takeaways

• When investing in retirement annuities, it's important to consider admin fees or platform fees charged by unit trust companies.
• Consolidating investments on one platform can help reduce fees.
• Insurance company platforms often have higher fees and lack transparency.
• Understanding investment costs is crucial to avoid overpaying.
• For monthly investments, market timing is less important, and investors should focus on choosing the right investments and giving them time to grow.
• For lump sum investments, it's better to do larger transactions to minimize transaction fees.
• Having a fixed investment program and not worrying about short-term market fluctuations is key to long-term growth.

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In today's episode Warren Ingram invites Henk Kotze, Head of Cash & Income at Prescient to discuss global inflation, interest rates, and their impact on investors. Warren & Henk speak to the fact that inflation is decreasing, and interest rates are expected to follow, with the US economy still growing at a slower pace, with no immediate risk of recession. Warren and Henk also touch on opportunities in emerging markets and global income assets, the expansion of global ETFs in South Africa and more.

Takeaways

• Inflation is starting to come down globally, and interest rates are expected to follow suit.
• The US economy is still growing, although at a slower pace, and a recession is not imminent.
• As interest rates decrease, there are opportunities for investors to find houses for their capital, with emerging markets and global income assets being attractive options.
• The availability of global ETFs in South Africa has expanded, providing more opportunities for investors.
• Diversification across asset classes and geographies is a key strategy for investors.

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In this episode, Warren Ingram answers your questions about retirement expenses and taxes, as well as the financial consequences of immigrating and investing in foreign stock markets. He also highlights the importance of budgeting for increasing medical aid costs in retirement & gives advice around financial immigration and tax implications.

Takeaways

• Retirement expenses don't change significantly from the last years of work to the first years of retirement, except for the cessation of saving and potential changes in supporting children financially.
• Budget for increasing medical aid costs in retirement, as they tend to grow faster than the cost of living.
• Be cautious about formal financial immigration, as it can have significant tax implications. Test drive living in another country before making a permanent move.
• Invest in global investments through South African fund managers to avoid double taxation and have flexibility in accessing funds based on your residency.

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In todays episode, Warren Ingram and Rupert Hare, Head of Multi-Asset at Prescient, discuss the investment opportunities in South Africa and around the world. They highlight the potential for good returns in South African asset classes, such as equities and fixed income instruments, due to attractive valuations and high yields. They also discuss the importance of diversification and the potential for growth in emerging markets like Japan.

Takeaways

• South African asset classes, such as equities and fixed income instruments, offer attractive valuations and high yields.
• Diversification is important, and investors should consider allocating to emerging markets like Japan.
• A balanced and rational approach to investing, focusing on long-term goals, is crucial.
• Investments should be based on the mix of asset classes that align with individual investment needs.

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In this podcast, Warren Ingram answers questions about contributing to a retirement fund and withdrawing money from a retirement fund to pay off debts. He discusses the limitations on investing in international investments through living annuities and suggests being patient as the cap on offshore capacity may ease in the future.

Takeaways

• Maximize the tax break for retirement fund contributions by contributing up to the maximum allowed amount.
• Avoid over-contributing to retirement funds and consider contributing to a tax-free savings account.
• Quitting a job to access retirement funds can lead to financial difficulties, so explore other options to pay off debts.
• Be patient with the limitations on investing in international investments through living annuities, as the cap may ease in the future.
• Maintain a balanced investment approach and consider maximizing tax reallocation.

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In today's episode, Warren Ingram and Rupert Hare, Head of Multi-Asset at Prescient, discuss the potential for interest rate cuts in the US and how it may impact asset allocation. They discuss the importance of diversification, preparing for different eventualities, the opportunities in global fixed income, and the potential for value in stock markets outside of the US.

Takeaways

• Interest rates are likely to come down in the US, and investors should prepare for different eventualities.
• Diversification across geographies and asset classes is important to mitigate risks and take advantage of opportunities.
• Global fixed income, which has been ignored for years, is now offering attractive returns.
• There are opportunities in stock markets outside of the US, especially in South African equities.
• Investors should consider the impact of interest rate cuts on different asset classes and adjust their allocations accordingly.

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In today's episode, Warren Ingram explores the best ways to use a bonus, weighing the benefits of paying off car debt versus investing it. He discusses various options, including reducing taxes by contributing to a retirement account and the advantages of paying off high-interest debt.

Takeaways

• Consider the interest rate on car debt when deciding whether to pay it off or invest the money elsewhere.
• Putting a portion of a bonus into a retirement account can reduce taxes.
• Using the monthly car repayment amount to build up savings can help with future car purchases.
• Financing cars at high interest rates is not advisable, except in rare cases of favorable finance deals.
• Being a shareholder rather than a client of financiers can be more beneficial in the long run.

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In today's episode Warren Ingram speaks to the importance of understanding why you'd like to consider advanced education and whether it will truly benefit one's career. Warren speaks to alternative options such as specialised short courses to gain new skills and knowledge.


Takeaways

• The decision to pursue an advanced degree, such as an MBA, should be carefully considered and based on the specific goals and needs of your career.
• Comparing yourself to others and feeling a sense of FOMO can lead to dissatisfaction. Focus on your own race and what truly makes you happy.
• Instead of pursuing a generalist degree like an MBA, consider taking specialized short courses to gain new skills and knowledge that align with your career goals.
• Stay curious and keep learning new skills to make yourself more valuable in the job market.

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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