# Personal Finance: How to maximise your money when you can't control the markets

An episode of [Personal Finance with Warren Ingram](https://invisiblenetwork.ai/podcast/1075744322), 17 Feb 2026, 20 min.

Audio: https://traffic.omny.fm/d/clips/5dcefa8e-00a9-4595-8ce1-a4ab0080f142/1ecba37a-6d83-4ee9-a295-a57100b7f2df/e7fdba22-0bba-4300-ae4b-b3f40128df0e/audio.mp3?utm_source=Podcast&in_playlist=8be69053-e7ba-4c54-87a1-a63a00c79838

Stephen Grootes speaks to Warren Ingram, financial adviser and co-founder of Galileo Capital, about the fast movements in global stock markets. With fear levels rising over potential tech-share collapses, AI-driven job losses, political turmoil, and sluggish economic growth, many investors are feeling uncertain. While these concerns are real, they are also largely beyond our control. So how should we manage our money in such an environment? The Money Show is a podcast hosted by well-known journalist and radio presenter, Stephen Grootes. He explores the latest economic trends, business developments, investment opportunities, and personal finance strategies. Each episode features engaging conversations with top newsmakers, industry experts, financial advisors, entrepreneurs, and politicians, offering you thought-provoking insights to navigate the ever-changing financial landscape. Thank you for listening to a podcast from The Money Show Listen live Primedia+ weekdays from 6 pm to 8 pm (SA Time) to The Money Show with Stephen Grootes broadcast on 702 https://buff.ly/gk3y0Kj and CapeTalk https://buff.ly/NnFM3Nk For more from the show, go to https://buff.ly/7QpH0jY or find all the catch-up podcasts here https://buff.ly/PlhvUVe Subscribe to The Money Show Daily Newsletter and the Weekly Business Wrap here https://buff.ly/v5mfetc The Money Show is brought to you by Absa Let's keep the conversation going online: 702 on Facebook: https://www.facebook.com/TalkRadio702 702 on TikTok: https://www.tiktok.com/@talkradio702 702 on Instagram: https://www.instagram.com/talkradio702/ 702 on X: https://x.com/CapeTalk 702 on YouTube: https://www.youtube.com/@radio702 CapeTalk on Facebook: https://www.facebook.com/CapeTalk CapeTalk on TikTok: https://www.tiktok.com/@capetalk CapeTalk on Instagram: https://www.instagram.com/ CapeTalk on X: https://x.com/Radio702 CapeTalk on YouTube: https://www.youtube.com/@CapeTalk567 See omnystudio.com/listener for privacy information.

## Transcript

[0:00] Speaker 1: For the Money show Personal Finance with warrent Ingram. The
[0:04] Speaker 1: personal Finance feature is brought to you by Sunlam Corporate.
[0:07] Speaker 1: They take employee benefits personally because when you care, everyone benefits.
[0:13] Speaker 1: Sunlam Corporate twenty three minutes now to eight the time
[0:16] Speaker 1: war an Ingram. Of course, as a certified financial planner
[0:19] Speaker 1: at Galileo Capital, how's at warrant tonight? We're talking about
[0:22] Speaker 1: how to maximize your money when you can't control the markets.
[0:26] Speaker 1: And I presume you're talking specifically about what we're seeing
[0:29] Speaker 1: at the moment where things are incredibly volatile, they're very
[0:34] Speaker 1: high levels of fear, and no one knows what AI
[0:37] Speaker 1: is going to do except that it's going to bring
[0:39] Speaker 1: a lot of change.
[0:41] Speaker 2: It's going to bring a lot of change. And I
[0:44] Speaker 2: think you know, the people forecasting, you know, the end
[0:47] Speaker 2: of jobs in the software sector and maybe the end
[0:51] Speaker 2: of all work if you listen to some of the
[0:54] Speaker 2: big tech CEOs, and to me, I think it's you know,
[0:58] Speaker 2: it's an interesting con I'm not sure what we do
[1:01] Speaker 2: about it. When we're trying to manage our money and
[1:04] Speaker 2: plan for the next five, ten, fifteen years, and when
[1:09] Speaker 2: we see these big technological changes going right back through history.
[1:14] Speaker 2: It's true that they do change things, but I always think,
[1:18] Speaker 2: you know, if you study history, what happens is these
[1:21] Speaker 2: changes happen much more slowly than everybody thinks, and sometimes
[1:27] Speaker 2: the change is bigger than everybody thought, but in fundamentally
[1:30] Speaker 2: different directions than what we predicted. So for me, you know,
[1:35] Speaker 2: watching what's happening in the space and reading with interest,
[1:39] Speaker 2: I find it fascinating. I find the technology and the
[1:41] Speaker 2: change that's happening very interesting. I'm just not sure. I
[1:45] Speaker 2: believe all the prognosticators, and some of them are way
[1:48] Speaker 2: cleverer than me, but they lose sight of one very
[1:53] Speaker 2: important factor, the one superpower they don't have is they
[1:57] Speaker 2: need to remember that as humans, we are fantastically terrible
[2:03] Speaker 2: at making accurate predictions. So we should give it up.
[2:07] Speaker 1: Yeah, obviously we won't, otherwise my show, Thank You won't exist.
[2:14] Speaker 1: The big lesson, I suppose is something you've said many times,
[2:17] Speaker 1: and I'm not going to use your d word, is
[2:19] Speaker 1: that markets tend to create wealth. Putting your money into
[2:23] Speaker 1: the stock market because of what it actually is, which
[2:26] Speaker 1: is putting your money into the economy tends to work
[2:28] Speaker 1: for you.
[2:31] Speaker 2: It does, and I think we need to you know,
[2:34] Speaker 2: understand that, you know, two things happen with with us
[2:38] Speaker 2: in in the wealth creation space. One, we we always
[2:43] Speaker 2: underestimate how much money can be made over long periods
[2:47] Speaker 2: of time, and we all always overestimate how much can
[2:50] Speaker 2: be made in a short period of time. So so
[2:52] Speaker 2: I mean to give you a real example. You know, well, well,
[2:55] Speaker 2: we'll all know stories of the people that made a
[2:58] Speaker 2: huge amount of money in in you know, cryptos or
[3:01] Speaker 2: in certain text shares that did incredibly well. And we
[3:06] Speaker 2: believe that that is the way that investing works because
[3:08] Speaker 2: those are the stories that attract a lot of attention.
[3:11] Speaker 2: And you know, it doesn't kind of make headlines when
[3:15] Speaker 2: someone puts out a story saying, you know, Joe blogs
[3:18] Speaker 2: made you know, two million dollars of wealth over the
[3:21] Speaker 2: last thirty years by saving a bit of money every
[3:24] Speaker 2: month and letting the stock markets grow Joe's money over
[3:27] Speaker 2: that time. It's not exciting. In fact, I think wealth creation,
[3:33] Speaker 2: if you think it's entertainment, you're doing it wrong. So
[3:36] Speaker 2: we need to know that. I think as individuals we
[3:40] Speaker 2: need to understand time and patience are real superpowers in
[3:45] Speaker 2: the investing gam and if you can exercise those. It
[3:49] Speaker 2: gives you a huge advantage over the big pension funds,
[3:51] Speaker 2: the big unit trust companies, the professional investors, the hedge
[3:55] Speaker 2: fund managers, all of them. Because they don't have time.
[3:58] Speaker 2: They get judged every month, every quarter, they get ranked
[4:01] Speaker 2: once a year. There's awards that get given for the
[4:04] Speaker 2: good ones, the ones that have done well over a year,
[4:06] Speaker 2: as if somehow one year makes all the difference. And
[4:10] Speaker 2: what we need to do with our own money is
[4:11] Speaker 2: we don't have to win awards. We need to build
[4:13] Speaker 2: our wealth over long periods of time, so our money
[4:16] Speaker 2: looks after us. And so I think being able to
[4:19] Speaker 2: say I can't predict the future, I can maybe have
[4:22] Speaker 2: a good conversation about it, and I've got time on
[4:25] Speaker 2: my side gives you a massive advantage over the rest.
[4:30] Speaker 1: I suppose. The thing is what to do when markets
[4:33] Speaker 1: start to fall. And this is where the news flow
[4:37] Speaker 1: at the moment is quite scary in all sorts of
[4:39] Speaker 1: different ways. I can't tell you what's going to happen
[4:41] Speaker 1: in Iran. It's been such a sustained run in US
[4:45] Speaker 1: markets that surely there's reason to worry. You know, all
[4:49] Speaker 1: of those signs start to mount up a little bit,
[4:51] Speaker 1: and I think you're allowed to lose a little bit
[4:53] Speaker 1: of sleep at night about it.
[4:56] Speaker 2: You can, And I mean I think a lot of
[4:59] Speaker 2: us that you do this investing thing for a living,
[5:03] Speaker 2: we get sucked into the cycle of worry, the wall
[5:07] Speaker 2: of worry, and it's it pays us to just stop
[5:10] Speaker 2: and think about this for a second. We've been through
[5:13] Speaker 2: if you think about the last sort of let's one
[5:15] Speaker 2: hundred and twenty six years. Why that's relevant is we've
[5:19] Speaker 2: been through some massive wars. We've been through technological change
[5:23] Speaker 2: from you know, steam engines and and you know, horse
[5:26] Speaker 2: drawn cars right through to you know, supersonic jets and
[5:31] Speaker 2: and you know cell phones, which which really changed the world.
[5:33] Speaker 2: You know, I don't I don't think you know, someone
[5:35] Speaker 2: at the age of twenty five can conceptualize what it's
[5:38] Speaker 2: like to live without a smartphone. All the Internet and
[5:42] Speaker 2: all of that has happened. And guess what wealth was created.
[5:47] Speaker 2: People bolt retirement funds and and developed long term servings,
[5:52] Speaker 2: and their lives are immeasurably, immeasurably better than those of
[5:56] Speaker 2: the people in it's the eighteen eighties. So so, just
[5:59] Speaker 2: assuming that you know geopolitical change or technological change will
[6:04] Speaker 2: always result in bad outcomes. I think is a mistake,
[6:08] Speaker 2: but unfortunately that's how we are wide. We don't like change,
[6:12] Speaker 2: especially dramatic change, and we reacted usually very badly as humanity.
[6:17] Speaker 2: So I guess the you know, the aim is to
[6:19] Speaker 2: say it's going to be unsettling. There will be you know,
[6:23] Speaker 2: sectors or people that will lose jobs when there is
[6:27] Speaker 2: a big change, and I think something like tariffs with
[6:29] Speaker 2: Trump and and a changing world order will also cause
[6:33] Speaker 2: some businesses to to die just simply from time. You know,
[6:37] Speaker 2: if you're a fruit farmer and you're exporting all your
[6:40] Speaker 2: fruit to the States and suddenly Trump, you know, stops
[6:42] Speaker 2: buying your fruit, then you know, potentially you might not
[6:46] Speaker 2: have enough time to get through the cycle where you
[6:48] Speaker 2: can find a new bar in another country. So I'm
[6:51] Speaker 2: not saying that there's no pain, but I think this
[6:54] Speaker 2: the sort of massive concern. I haven't seen people this
[6:57] Speaker 2: unhappy about stock markets growing in my nearly thirty year
[7:01] Speaker 2: history in the investment world, and I think we need
[7:04] Speaker 2: a bit of perspective here.
[7:05] Speaker 1: No, sure, that's a that's such an interesting point. So, Okay,
[7:09] Speaker 1: there's so much I can't control what can you control.
[7:15] Speaker 2: I think I'm gonna I'm gonna. It's gonna become my mantra.
[7:18] Speaker 2: You know, owning your your your lack of ability to
[7:22] Speaker 2: predict is a superpower. Knowing that you don't know is
[7:24] Speaker 2: the thing you need to to kind of own. Once
[7:27] Speaker 2: you do that, it allows you to say that there
[7:30] Speaker 2: is so much that I can't control. I can't influence markets.
[7:33] Speaker 2: I can't actually decide to buy shares now because I
[7:38] Speaker 2: know that things are going to go up over the
[7:39] Speaker 2: next three months. It's it's an impossibility. So so once
[7:43] Speaker 2: you make that decision that, then you can say, Okay,
[7:46] Speaker 2: let's look at the things that that I can control.
[7:49] Speaker 2: I can decide how much of my money should go
[7:51] Speaker 2: into stock markets, bond markets, property markets, and cash. I
[7:56] Speaker 2: can decide how much goes into the essay markets, other
[8:00] Speaker 2: emerging markets, and global markets. Once you make those decisions
[8:04] Speaker 2: and you develop a little bit of discipline around keeping
[8:08] Speaker 2: that mix of assets. So I think the one is
[8:10] Speaker 2: how much you keep in shares. You should be disciplined
[8:13] Speaker 2: about maintaining that and then being sure to manage that
[8:17] Speaker 2: every you know, every six months or every twelve months.
[8:19] Speaker 2: And the same with your your local versus global exposure.
[8:23] Speaker 2: If you've decided, you know, fifty percent in South Africa
[8:26] Speaker 2: and fifty percent globally, then once a year, make sure
[8:29] Speaker 2: that you're getting that balance right and staying in line
[8:32] Speaker 2: and in that instance, ignoring the news, ignoring all the
[8:36] Speaker 2: prognosticators because they don't know. And once you remind yourself
[8:40] Speaker 2: that you don't know, then sticking to your your strategy
[8:43] Speaker 2: gives you the advantage. And I think a lot of
[8:47] Speaker 2: the time, once you've developed that kind of a framework
[8:49] Speaker 2: for making decisions, there will be times when you get
[8:52] Speaker 2: emotional and worried and afraid, but it's the framework that
[8:56] Speaker 2: helps you ignore that stuff to say, well, you know,
[8:59] Speaker 2: I kind of almost want to say on the top
[9:00] Speaker 2: of your piece of paper, to say, remember you don't know.
[9:03] Speaker 2: And once you know that, then you say, I can
[9:06] Speaker 2: be worried, but I mustn't let the worry affect my
[9:08] Speaker 2: investment decisions, because those are twenty or thirty year decisions,
[9:12] Speaker 2: and what happens over the next year. When I look
[9:15] Speaker 2: back in ten years time, it'll be interesting, but it
[9:18] Speaker 2: won't be fundamental to whether I've made a financial future
[9:22] Speaker 2: or not.
[9:24] Speaker 1: Does it help the longer you do it. So, I mean,
[9:29] Speaker 1: if there's going to be a situation where markets do
[9:32] Speaker 1: go down at some point, you know, quite regularly, you
[9:36] Speaker 1: start to realize what the traps are and you start
[9:39] Speaker 1: to understand it. I mean, that must help you to
[9:41] Speaker 1: manage your emotions because you get used to the idea.
[9:46] Speaker 2: Yeah, so, I think you know, as a reminder, the
[9:49] Speaker 2: stock market over a ten year period, whether in South
[9:53] Speaker 2: Africa or overseas, it almost always goes up over ten years,
[9:57] Speaker 2: and it's pretty reliably. You know, it gives you growth
[10:01] Speaker 2: significantly more than what you would have lost to inflation,
[10:04] Speaker 2: so your wealth is created far faster than the cost
[10:09] Speaker 2: of living erodes that wealth. So over a ten year
[10:12] Speaker 2: period very rawding to be an investor. If you remain invested, However,
[10:17] Speaker 2: almost every single year out of that ten year period,
[10:20] Speaker 2: you'll be looking at your statement somewhere in that year
[10:23] Speaker 2: and you will be down. And that's the thing you've
[10:25] Speaker 2: got to be comfortable with. You've got to say, from
[10:28] Speaker 2: the first of January to the thirty first of December,
[10:30] Speaker 2: somewhere along the line, my investments will be down, and
[10:33] Speaker 2: most of the time they'll be down ten percent. So
[10:36] Speaker 2: to give it context, you know, percentages don't sound like
[10:39] Speaker 2: big things. But you've got a million rand, and somewhere
[10:42] Speaker 2: along the line you've only got nine hundred thousand rand
[10:44] Speaker 2: because the markets went down, so you lost one hundred
[10:47] Speaker 2: thousand rand, And you know, someone like me will be
[10:49] Speaker 2: saying to you, don't worry, that's normal. Everything is fine. Now.
[10:52] Speaker 2: It took an incredible amount of time to say that
[10:54] Speaker 2: one hundred thousand, so it's difficult. But remembering that if
[10:58] Speaker 2: you stay invested and you let that money recover, that's
[11:01] Speaker 2: the superpower. So I think you know, understanding that markets
[11:04] Speaker 2: give you more than they take is important, and they
[11:08] Speaker 2: do it every single year, and there will be a
[11:11] Speaker 2: year like two thousand and eight, or like the year
[11:13] Speaker 2: two thousand where markets take away thirty percent. Again, you
[11:17] Speaker 2: start with a million, somewhere along the line, you're down
[11:20] Speaker 2: to seven hundred thousand rand. I mean, that's a terrifying crop.
[11:23] Speaker 2: And the trick there is to say, I don't know
[11:25] Speaker 2: what's going to happen. In other words, I don't know
[11:28] Speaker 2: that it's going to go from seven hundred to two
[11:30] Speaker 2: hundred thousand. The likelihood is history repeats itself and it
[11:33] Speaker 2: goes from seven hundred back to a million at some point,
[11:36] Speaker 2: and I think that's the thing we need to be
[11:38] Speaker 2: very clear on is control our emersions and give ourselves
[11:41] Speaker 2: time for these investments to do their job.
[11:45] Speaker 1: We're talking to Warren Ingram, the of course certified financial
[11:49] Speaker 1: planner at Galileo Capital. Your questions for him, I know
[11:52] Speaker 1: seven two seven O two one seven oh two Raymond's
[11:55] Speaker 1: got in such. Raymond's question for you, Warren, is is
[11:58] Speaker 1: there an ideal amount to invest to my retire intenuity?
[12:01] Speaker 1: The taxi is nearly over. We just a couple of
[12:03] Speaker 1: weeks away. I'm not sure whether I should add more
[12:06] Speaker 1: to my RA my retime intenuity, as I've contributed ten
[12:09] Speaker 1: percent of my income over the year. We'll get an
[12:12] Speaker 1: answer for your Raymond in just a moment for the
[12:14] Speaker 1: Money Show Personal Finance with Warren Ingram nine minutes to
[12:19] Speaker 1: eight the time. A question from Raymond for you, Warren,
[12:22] Speaker 1: is there an ideal amount to invest in my retire intenuity?
[12:25] Speaker 1: The taxi is nearly over, I'm not sure whether I
[12:28] Speaker 1: should add more to my RA. Have already contributed ten
[12:31] Speaker 1: percent of my income over the year. Ten percent of
[12:34] Speaker 1: the income. Is that a good amount?
[12:37] Speaker 2: It's it's not a bad amount. And and you know saving,
[12:40] Speaker 2: you know, saving is always good. So so I don't
[12:42] Speaker 2: want to in a kind of you know, poor scord
[12:45] Speaker 2: on on the percentage, but I would say, you know,
[12:48] Speaker 2: the to me, the range should be around fifteen to
[12:51] Speaker 2: thirty percent of your income, and thirty percent is very tough.
[12:55] Speaker 2: I think that's a you know, that's a steep target.
[12:57] Speaker 2: But I think that's for people that you know that
[13:00] Speaker 2: once you get to financial freedom much younger and earlier
[13:04] Speaker 2: than let's age fifty five or sixty. But if you're
[13:08] Speaker 2: aiming to get to financial freedom, you know, around about
[13:11] Speaker 2: sixty sixty five, then ten percent is going to be
[13:14] Speaker 2: a bit low unless you're saving a lot of money
[13:16] Speaker 2: elsewhere as well. So I think fifteen percent is a
[13:19] Speaker 2: is a good number. And you know, as you said,
[13:22] Speaker 2: we've got a couple of weeks till till the end
[13:25] Speaker 2: of the tax here, so I think take advantage you know,
[13:28] Speaker 2: most retirement inunities, you can do a top up, you know,
[13:31] Speaker 2: an ad hoc top up, so you don't just have
[13:33] Speaker 2: to do a monthly debit order. You can actually do
[13:36] Speaker 2: a lump sum as well. And just remembering that, you know,
[13:39] Speaker 2: retirement annuities are so flexible now in terms of where
[13:42] Speaker 2: they can invest. You know, forty five percent can be
[13:44] Speaker 2: invested overseas. And and if you look at what balanced
[13:48] Speaker 2: funds have been doing over the last year or two,
[13:50] Speaker 2: they've delivered fantastic returns for investors because of the bond market,
[13:54] Speaker 2: the local stock market, and even the international market. So
[13:58] Speaker 2: it's not as if your your your money goes into
[14:00] Speaker 2: your r end and just goes to die. I mean
[14:02] Speaker 2: it can grow very nicely, and so getting the tax
[14:05] Speaker 2: benefits and the growth from that over time. Yeah, I'm
[14:11] Speaker 2: going to stay fifteen percent if you've got the to
[14:14] Speaker 2: do it is your minimum. But if you're really scraping
[14:18] Speaker 2: the barrel and you're getting to ten percent, well done.
[14:20] Speaker 2: You know, I think it's way better than doing nothing.
[14:23] Speaker 1: Sure, such an interesting way of looking at the Draymond.
[14:25] Speaker 1: Thank you. Okay, So markets are rising and then they're falling.
[14:29] Speaker 1: They're falling quite dramatically at times, Warren, What can you
[14:33] Speaker 1: do in these moments? How do you manage it?
[14:37] Speaker 2: Okay, So let's say we are going to hit a
[14:40] Speaker 2: big drop in the next twelve or eighteen months, and
[14:43] Speaker 2: you know, it's just kind of one tariff, too many,
[14:45] Speaker 2: one piece of bad news on the geopolitics side, too much,
[14:47] Speaker 2: or whatever the deal is, and we see markets taking
[14:50] Speaker 2: a big four, I think you should be looking at
[14:53] Speaker 2: your cash flow if you if you're someone that saves regularly,
[14:56] Speaker 2: can you find a way to save a bit more
[14:59] Speaker 2: in in the times when markets are down fifteen or
[15:03] Speaker 2: thirty percent, because if you can, you're buying a quality
[15:07] Speaker 2: collection of assets at a huge discount, and that's a
[15:11] Speaker 2: really smart thing to do. So I think whatever you
[15:14] Speaker 2: do if markets are falling, don't stop saving, and if possible,
[15:18] Speaker 2: you know, save, actually accelerate your saving, save a bit more.
[15:22] Speaker 2: If you're on the other side of that spectrum where
[15:24] Speaker 2: you already retired and you're living off your investments and
[15:27] Speaker 2: you see a drop like that fifteen to thirty percent,
[15:29] Speaker 2: it is very scary. I think the one thing you
[15:32] Speaker 2: can do is, you know, if your financial position is good,
[15:36] Speaker 2: you know, maybe you don't stop drawing your monthly income.
[15:39] Speaker 2: I mean, I think we all need to live. But
[15:42] Speaker 2: what you can do is just delay your big purchases.
[15:45] Speaker 2: So for example, if this is the year you were
[15:47] Speaker 2: planning to buy that replacement car. After five years or
[15:50] Speaker 2: seven years, or whatever the deal is, and the markets
[15:53] Speaker 2: really fall, then perhaps look at delaying that purchase for
[15:56] Speaker 2: a year or two until the markets have recovered. And
[15:59] Speaker 2: you know, maybe you were planning an overseas holiday and
[16:02] Speaker 2: if it's not to go and see family and it
[16:04] Speaker 2: was just an experience, can you rather swap that around
[16:06] Speaker 2: and do a local experience and do the overseas holiday,
[16:10] Speaker 2: you know, a bit late to once things have gone better.
[16:13] Speaker 2: So there are things that you can do around your
[16:14] Speaker 2: expenses which would help a lot.
[16:17] Speaker 1: I mean, if you're quite nervous about markets. I mean
[16:20] Speaker 1: you mentioned an emergency fund quite often. Is that a
[16:23] Speaker 1: good idea maybe to do something with that, to maybe
[16:25] Speaker 1: bank it? Liga?
[16:27] Speaker 2: Yeah, I like this idea for people that are you know,
[16:30] Speaker 2: that know themselves well enough to know that they're very panicky.
[16:33] Speaker 2: If you're in that position and you're looking at your
[16:35] Speaker 2: portfolios and things have gone very well and you keep
[16:37] Speaker 2: thinking that you know this is going to be bad
[16:39] Speaker 2: news somewhere along the line, consider just increasing your emergency fund.
[16:43] Speaker 2: What it does is it buys you peace of mind.
[16:45] Speaker 2: So it's not a great investment decision, but it becomes
[16:48] Speaker 2: a phenomenal behavioral tool and over time, maybe having a
[16:52] Speaker 2: big emergency fund stops you panicking and selling out your
[16:55] Speaker 2: investments at the worst moment. And if you get through
[16:59] Speaker 2: the bad time and you've got I had a big
[17:00] Speaker 2: emergency fund and the markets are still down, it does
[17:04] Speaker 2: allow you to draw in some of that emergency fund
[17:06] Speaker 2: to then start deploying it back into the markets to
[17:08] Speaker 2: get those investments at a discount. But it's a great
[17:11] Speaker 2: way to kind of manage your emotions with the bigger
[17:14] Speaker 2: cash pile then potentially you would actually need from a
[17:17] Speaker 2: theoretical point of view.
[17:20] Speaker 1: So different moments where markets go down feel different because
[17:25] Speaker 1: there are different factors to them and all sorts of things.
[17:28] Speaker 1: One of the things that's interesting though, is that, let's
[17:31] Speaker 1: say thirty years ago or even forty years ago, but
[17:33] Speaker 1: thirty years ago, I think it's safe. If you were
[17:36] Speaker 1: watching the markets, you would probably really only be able
[17:39] Speaker 1: to watch it by reading the newspaper once a day,
[17:42] Speaker 1: so you'll only get the news kind of once. You know,
[17:46] Speaker 1: you might get radio updates, but if you were invested
[17:48] Speaker 1: in the spread of shares, you'll only be able to
[17:50] Speaker 1: check their share price when they came in the newspaper.
[17:52] Speaker 1: Now you're watching it in real time on your phone.
[17:57] Speaker 1: And I just wonder if that's a big problem. It
[18:00] Speaker 1: makes you more anxious than you would be otherwise. In
[18:02] Speaker 1: other words, a fall of two percent now feels far
[18:05] Speaker 1: worse than a fall of two percent thirty years ago.
[18:09] Speaker 2: It's absolutely right. They've actually done studies about looking at
[18:13] Speaker 2: the investment returns of people who monitor their investments, you know,
[18:17] Speaker 2: a minute by minute, day by day, week by week,
[18:20] Speaker 2: month by month, year by year, and the people who
[18:22] Speaker 2: only look at their investments once a year do way
[18:25] Speaker 2: better than the people who look at their investments more frequently.
[18:28] Speaker 2: And so, you know, knowing a share price and knowing
[18:31] Speaker 2: how quickly share prices are moving might feel like you've
[18:34] Speaker 2: got more information than someone else. All you've got is
[18:37] Speaker 2: a lot more noise. And and you know, tracking share
[18:40] Speaker 2: prices every single day doesn't help you with any kind
[18:43] Speaker 2: of information. All it does is raise your levels of anxiety.
[18:47] Speaker 2: And so to me, you know, if I'm in a
[18:49] Speaker 2: position like this, I would want to read books. I
[18:52] Speaker 2: would want to understand that what happens to the world
[18:55] Speaker 2: in big geopolitical changing times. You know, have a look
[18:58] Speaker 2: at in history, what what's happened to markets and investments
[19:02] Speaker 2: to understand how this movie might play out, but don't
[19:06] Speaker 2: worry about what's going on. And social media is really
[19:08] Speaker 2: bad for this because you get people who are really
[19:10] Speaker 2: good at creating videos that scream at you to say
[19:13] Speaker 2: panic or buy or something, and you know, and unfortunately
[19:16] Speaker 2: they're good at media, they're not good at investing. That's
[19:19] Speaker 2: why they're on the media side and not on the
[19:20] Speaker 2: investing side. So I feel, you know, you know, read
[19:25] Speaker 2: if you want to read books or just listen to
[19:27] Speaker 2: the show, we'll tell you what to do.
[19:31] Speaker 1: We're on Ingram, thank you very much. Indeed, certified financial
[19:33] Speaker 1: planner at Galileo Capital. One of those conversations, I think,
[19:37] Speaker 1: if you've got someone in your life who you know
[19:40] Speaker 1: is booked to social media around investing, maybe send this
[19:43] Speaker 1: podcast to them

Shows are listed from Apple Podcasts' charts and directory, and Podcast Index where it is used. Every show and episode belongs to its publisher and plays from the publisher's own feed; this site hosts none of them.