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.

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

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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.

Get more insight on how Prescient Investment Management can help you: https://bit.ly/3VGGDxQ

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

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.

Get more insight on how Prescient Investment Management can help you: https://bit.ly/3VGGDxQ

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