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.

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In today's episode, Warren Ingram and Colin Morgan, Co-founder at getWorth, discuss the financial implications of buying cars, focusing on the benefits of purchasing used cars over new ones. They explore the concept of car depreciation, the ideal age for buying a vehicle, and the importance of understanding the wholesale and retail pricing dynamics in the car market.

Takeaways

• Cars are a passion for many, but financial sense is crucial.
• Used cars generally offer better value than new cars.
• Depreciation is steepest in the first year of ownership.
• The ideal time to buy a car is between five to ten years old.
• Mileage is often more important than age when buying a used car.
• Buying at wholesale and selling at retail is the goal for car buyers.
• Keep a car until it becomes unreliable or too costly to maintain.
• Understanding the car market can lead to better purchasing decisions.
• Emotional decisions can lead to poor financial outcomes in car buying.
• Choosing the right time to buy or sell a car can save money.

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 and Conway Williams, Head Of Credit at Prescient, discuss the often-overlooked realms of private debt, particularly in the South African context. They explore the definitions, differences, and investment strategies associated with these asset classes, emphasizing the importance of understanding liquidity, risk, and diversification. The discussion also highlights the potential for impact investing through private debt, showcasing how investments can contribute to economic and social development while still providing competitive returns.

Takeaways

• Private debt provides lending opportunities with a focus on capital preservation.
• Investors in private debt sacrifice high returns for lower risk and priority in liquidation.
• Liquidity is a key consideration in both private equity and private debt investments.
• Private debt can offer returns above traditional fixed deposits, typically between 3-6% above call rates.
• Investing in private debt involves understanding the risks and potential credit events.
• Diversification is crucial to mitigate risks in private debt portfolios.
• Private debt can fund impactful projects like renewable energy and infrastructure.
• Investors should not allocate all their funds to private debt; a balanced portfolio is essential.
• Access to private debt investments can be achieved through specialized funds.

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