fbpx

8 Pieces Of Investment Advice From African Financial Experts

8 Pieces Of Investment Advice From African Financial Experts

1 of 9

During difficult economic times it can be tricky to decide on an investment path that will produce the results to make the effort and resources spent worth while. In situations such as these, it is well worth listening to experts and seeking advice concerning investment policy and how to make a sustainable plan.

We gathered 8 pieces of valuable advice from experts in various financial fields throughout Africa.

Sources: Financially Talking Magazine, ENCA Moneyline, Moneyweb, Forbes, HowWeMadeItUSNews.

Africa wealth

Graham Tucker – Fund Manager at Old Mutual

“The best investment advice I ever received was that it is time in the market that counts, not timing, and therefore you need to be patient because investing is not a get-rich-quick scheme.”

Source: Financially Talking Magazine

Thinkstock
Thinkstock

Greg Ogbeifun – CEO Starzs Investments Company

“Seek knowledge by getting yourself properly educated in your field of interest. Secondly, stay focused and have a clear vision of what you desire to achieve.”

Source: HowWeMadeIt

Thinkstock
Thinkstock

Chris Kirubi – Multi-Millionaire Businessman

“If you understand an idea, you can express it so others can understand it. However, if you can’t explain it, you don’t really understand it; and you cannot invest in a business you don’t understand. So do your research well and understand the idea or concept you want to execute before investing in it.”

Source: Forbes

Thinkstock
Banking and Investments – Thinkstock

Maudi Lentsoane – Managing Director at Lehumo Capital

“Experience showed me that things can go horribly wrong when you do not do sufficient research. It is important to do due diligence and try to analyse before you make that investment move or decision. Too many people learn that lesson too late.”

Source: ENCA Moneyline

Thinkstock
Thinkstock

Brian Pyle – Fund Manager at Old Mutual

“My key financial priority is to fund private school education for my kids, and that means being able to afford education costs, which are running at 3% ahead of inflation (in South Africa). So to afford the best education, I need to earn a return that is significantly more than inflation and that is why I choose to invest 100% in equities.”

Source: Financially Talking Magazine

africa-money-51309453-resized

Brian McMillan – Head of Investec Structured Products

“For new investors coming to the market, the most important thing that they have to understand is that you need to spend time in the market. You need to be invested for the longer term. Investing means that you invest over time.”

Source: ENCA Moneyline

investments up
Investing

Tony Elumelu – Nigerian Billionaire

“Africapitalism is a call for investment in sectors like electricity, infrastructure, transportation, agriculture and financial services. The intent is that through long-term investing, we will end up creating economic wealth, economic prosperity and social wealth by addressing most of society’s challenges.”

Source: USNews

Thinkstock
Thinkstock

Kathy Hull – Advisory Partner at The Wealth Corporation

“I want to stress the importance of staying anchored in your financial goals and the investment strategy you choose to use in order to achieve them. If you do not believe in your investment philosophy, your prospects for success diminish and you are at the mercy of emotion.”

Source:  Moneyweb