In this podcast Maya (@mayaonmoney) speaks to Warren Ingram (@warreningram), financial planner at Galileo Capital about his new book Global Investing Made Easy.
Warren shares his insights into the investment decisions we make, and those we should be making.
I would love to invest and get a salary every month
This is what we are all trying to achieve when it comes to retirement – we want enough money to pay us an income so we can stop working. It takes a long time to build up sufficient investment value to live off. A rule of thumb is that in order for your income to be sustainable you can only draw down 5% of capital a year. So this means for every R10 000 of income per month you need an investment value of around R2.2 million.