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.
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