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.

For more valuable insights from the 10x team, click here.

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 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.

For more valuable insights from the 10x team, click here.

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