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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In today's episode Warren Ingram gives advice to a listener on how to set aside money for a family member who will be in prison for five or six years. Warren discusses the challenges of saving and investing for adult family members and the potential tax implications, the level of control you want the person to have over the money and explores options such as setting up an investment or opening an endowment.

Takeaways

• When saving and investing for adult family members, consider the level of control you want them to have over the money.
• Be aware of the potential tax implications, such as capital gains tax and donations tax.
• Options for saving and investing include setting up an investment in your own name or opening an endowment in the person's name.
• For a five-year or longer time horizon, consider investing in shares for potential growth.

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In this episode, Warren Ingram dive into the importance of including emerging markets in your investment portfolio alongside your local market investments. Warren explores how the All Country World Index offers exposure to both developed and emerging markets, providing a diversified approach to global investing and touches on more.

Takeaways

• Investors should consider having an allocation to emerging markets in addition to their local market investments.
• The All Country World Index provides exposure to both developed and emerging markets.
• Investors can also indirectly gain exposure to emerging markets through global portfolios that include multinational companies.
• The optimal allocation to emerging markets depends on individual risk tolerance and beliefs about their growth potential.
• Investors should be cautious about starting at the maximum allocation and consider rebalancing their portfolio if emerging markets perform well.
• Regulatory and geopolitical factors should be taken into account when making investment decisions.

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On this week's episode, Warren Ingram answers your questions around financial priorities for new parents. A new mom seeks advice on choosing between buying a retirement annuity (RA), life cover, or medical aid, tune in and learn about risk management protection, insurance and more.

Takeaways

• Prioritize risk management and protection before focusing on long-term savings.
• Get medical aid first to cover potential medical costs for yourself and your baby.
• Shop around and compare quotes from different providers for medical aid and insurance.
• Consider life and disability insurance to protect your child in the event of your death or inability to work.
• Once insurance is in place, consider long-term retirement savings options like a retirement annuity and tax-free savings account.
• Ask friends and family to contribute to a tax-free savings account for your child as a gift.

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In this episode, Warren Ingram and Chris Rule, Head of Products and Client Solutions at 10X,  discuss the difference between volatility and risk in investing. They discuss that volatility, understanding the difference between permanent loss of capital and volatility, and how to manage and mitigate these risks through diversification and goal setting.

Takeaways

• Volatility is the measure of how much an investment goes up and down, while risk is the chance of not achieving your financial goals.
• Permanent loss of capital is when an investment goes to zero and you will never get that money back.
• Risk can be managed and mitigated through diversification, goal setting, and sound planning.
• Behavioral biases, such as fear of missing out and loss aversion, can affect investment decisions and should be managed.
• Investors should focus on the risks they can control and dial down the noise from media headlines.

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In this episode, Warren Ingram answers your questions around streamlining your investment strategy for maximum efficiency and growth. He reveals the secrets behind Linked Investment Service Providers (LISPs) and their role in portfolio management, highlighting their advantages for financial advisors. Warren also discusses why investment companies often outperform insurance companies in service and platform quality, and reviews specific LISPs.

Key Takeaways

• LISPs Explained: Ideal for financial advisors, offering streamlined portfolio management.
• Better Service: Investment companies outperform insurance companies in service and platform quality.
• LISP Review: Alan Gray and others, strengths and limitations in investment options.
• Retirement Planning: Use generic equity portfolios and tax-free savings accounts for growth.
• Regulation 28: Impact on retirement funds; balanced funds as a simple growth solution.

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In this episode, Warren Ingram explores the tax implications of investing money on behalf of a child. He explains why putting money in a child's name doesn't avoid taxes, as parents are taxed until the child turns 18, and discusses the tax consequences of donating money to children. Warren also highlights the benefits and cautions of tax-free savings accounts for children and suggests investing in endowments or unit trusts to benefit the child long-term. Tune in for insights on making smart financial decisions for your child's future.

Takeaways

• Investing money in a child's name does not avoid tax for the parent.
• Donating money to a child has tax consequences for the parent.
• Tax-free savings accounts for children should not be used for personal purposes.
• Consider investing in an endowment or unit trust for long-term benefits for the child.

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In today's episode Warren Ingram answers your questions about retirement annuities (RA) or a tax-free savings accounts (TFSA).  Warren discusses the benefits of a TFSA including tax-free growth, RA offers a tax deduction on contributions, how Regulation 28 governs the maximums in retirement funds, and that decisions should consider both time horizon and psychological tolerance for risk and offshore allocations.

Takeaways

• Consider both time horizon and psychological tolerance for risk when deciding between a retirement annuity and a tax-free savings account.
• Regulation 28 governs the maximums in retirement funds, but a balanced portfolio with a high allocation to shares is generally recommended.
• Retirement funds now offer more flexibility and offshore allocation, making them attractive investments.
• Tax-free savings accounts offer tax-free growth, but contributions are not tax-deductible.

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In today's podcast Warren Ingram and Anton Eser, Chief Investment Officer at 10X Investments,  delve into the US bond market, its significance, and the challenges it faces. They explore the relationship between the US bond market and global financial assets, as well as the impact of geopolitical and fiscal factors on the market.

Takeaways

• The US bond market is a critical component of the global financial system, influencing various financial assets worldwide.
• Geopolitical and fiscal factors play a significant role in shaping the dynamics of the US bond market and its sustainability.
• Proper diversification and cautious, conservative investment strategies are essential in uncertain economic environments.
• Understanding the relationship between the US bond market and global financial assets is crucial for making informed investment decisions.

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On today's episode Warren Ingram teaches us how to strategically phase in your investments, minimize fees, and maximize interest earned. Warren also answers your questions on using an access bond as an emergency fund for guaranteed, tax-free returns at high interest rates. 

Takeaways

• Strategically phasing in investments to avoid unnecessary fees
• Managing transaction costs effectively
• How to maximize interest earned during the phase-in period
• How to minimize transfer fees (fixed and percentage-based)
• Identifying optimal brokerage accounts for maximum benefits
• Learn more on how to use an access bond as an emergency fund for guaranteed, tax-free returns at high interest rates (11.5%).
• How to conduct a test run to check the ease of withdrawal and any hidden costs.
• Identifying optimal brokerage accounts for maximum benefits.

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In this episode Warren Ingram delves into the retirement fund reform, which introduces a two-pot system to lower the tax burden when cashing in provident funds upon resignation. It segregates funds into a compulsory portion, locked until retirement, and a savings pot accessible during emergencies. While the reform doesn't alter the investment strategy, it modifies fund accessibility.

Takeaways

• The retirement fund reform aims to address the issue of high taxes when cashing in a provident fund.
• The two-pot system will have a compulsory part that is locked away until retirement and a savings pot for emergencies.
• The reform does not change the investment strategy but focuses on when and how the money can be accessed.
• The implementation of the reform has been delayed, and it is uncertain if the investment strategy will differ for the two pots.

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In this episode, Warren Ingram explores the topic of prescribed assets and their potential effects on retirement funds. He delves into their historical context during the apartheid era and clarifies that the ANC's manifesto is distinct from official policy, recommending that investors hold off on modifying their retirement strategies until concrete government policies are announced.

Takeaways

• Prescribed assets refer to the concept of forcing retirement funds to invest in specific government bonds or projects.
• The ANC election manifesto is not government policy, and it is important to wait and see how things unfold before making investment decisions.
• Consultation with unions and Treasury will play a significant role in determining the implementation of prescribed assets.
• Bankable projects, which generate returns and are well-managed, are more likely to be pursued as public-private partnerships rather than through prescribed assets.

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Warren Ingram and Chris Rule dive into the world of exchange-traded funds (ETFs), exploring their transformation from simple index trackers to actively managed portfolios. They break down the benefits of using ETFs for diversified investing, discuss the differences between active and passive ETF strategies, and highlight key considerations like costs and transparency.

Takeaways

• ETFs allow investors to access a diversified basket of shares or bonds through a single investment on their stockbroking account.
• Regulations have been liberalized to allow for actively managed ETFs.
• When choosing between active and passive ETFs, consider transparency, understanding the underlying investments, costs, and diversification.
• Accountability and learning from investment mistakes are important.

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In today's episode Warren Ingram and Ess Mukumbo discuss the challenges of balancing work and parenting. They emphasize the importance of planning, communication, having a support system in place and the guilt that parents often feel and the need to prioritize and make trade-off decisions.

Takeaways

• Balancing work and parenting is a constant juggling act that requires planning and communication.
• Having a support system in place is crucial for managing work-life balance.
• Guilt is a common feeling for parents, but it's important to prioritize and make trade-off decisions.
• Open and honest communication with children is key to managing expectations and addressing their needs.
• Perfection is not attainable, and it's okay to not be perfect as a parent.

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In this episode Warren Ingram explores the strategic advantages of dividend investing and its role in ensuring financial discipline within corporations. Warren speaks to contrast dividends with share buybacks, highlighting how dividends are tied to real cash flow and profits, offering investors a more transparent measure of a company's financial health.

Takeaways

• Benefits of Dividends: Dividends as indicators of real profits and financial discipline & why focusing on dividends can enhance investment strategies.
• Corporate Behavior & EPS: Impact of earnings per share on company decisions. 

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Warren Ingram and Dr. Marc Rogatschnig delve into their newly launched book 'Small Changes for Big Results,' highlighting the impact of unconscious influences on financial decisions. They offer a behavior change framework, using case studies and tools to help readers improve their financial behaviors. Emphasizing small, impactful mindset shifts, the book aims to simplify behavior change and enhance financial well-being.

Get a copy of Small Changes for Big Results here

Takeaways

• Understanding our unconscious influences on financial choices is crucial for behavior change.
• Small changes in mindset and behavior can lead to significant results over time.
• Relatable case studies and practical tools for improving money behavior.
• Demystifying behavior change and empowering individuals to take control of their financial lives is the main goal.

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In this episode, Warren Ingram and Kelin Pottier, Solutions Strategist at 10X Investments,  discuss the different ways to store cash in unit trust funds. They explore the concept of income funds, which aim to deliver a high level of income while maintaining capital stability, the risks involved in income funds and the importance of regulations and diversification in managing these risks.

Takeaways

• Unit trust funds offer different ways to store cash, including money market unit trusts and income funds.
• Income funds aim to deliver a high level of income while maintaining capital stability and have a strong bias towards capital protection.
• Risks in income funds include interest rate risk and credit risk, which investors need to consider when selecting funds.
• Regulations and diversification play a crucial role in managing risks in income funds.
• Investors should prioritize risk and return when choosing income funds and be cautious of excessive risk-taking by fund managers.
• Assessing the duration and portfolio composition of income funds can provide insights into the risks involved.

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In today's episode, Warren Ingram delves into asset allocation, navigating the complexities of balancing stocks, bonds, cash, property, and shares to tailor your investment strategy. He'll guide you in aligning your portfolio with your financial goals and risk tolerance, emphasizing personalized approaches over generic solutions.

Questions/Topics:

• Asset Allocation: The strategic distribution of investments across various asset classes, such as shares, exchange-traded funds (ETFs), gold coins, and property.
• Balancing Risk and Reward: Explore the thrill of the stock market vs. the steady rhythm of bonds.
• Fund Fact Sheets: How to interpret benchmarks and asset allocations within unit trusts/ETFs.
• Personalized Risk Tolerance: Understanding your risk profile for financial peace of mind.

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