Magnus Heystek on offshoring your wealth

South Africa has endured a "lost decade" of stagnant economic growth, resulting in poor returns on the Johannesburg Stock Exchange. In this environment, how can South Africans protect their wealth and secure the financial wellbeing of their families?   

In this episode of Solutions With David Ansara, I speak to Magnus Heystek, Director of Brenthurst Wealth Management, about why you should diversify your investments and move your money offshore.  

Magnus and I discuss:  

- Why the JSE has underperformed relative to other markets.

- The trillion rand collapse in South Africa's property market.  

- The risk of concentrating your assets in South Africa.

- The importance of diversifying your investments across jurisdictions.

- How to get your timing right when investing outside of South Africa.

- Why retirement annuities should not be part of your retirement planning.

- How Regulation 28 limits your investment options.

- The latent threat of prescribed assets.

- Whether the South African Reserve Bank (SARB) can retain its independence.

- Why Magnus is skeptical of cryptocurrencies.  

DISCLAIMER  

I do not offer financial advice on this podcast. Please speak to your financial advisor before making investment decisions.   

TIMESTAMPS  

(0:00) Intro

(0:20) Magnus Heystek on the benefits of offshore investing

(3:28) Magnus Heystek on the trillion rand property market collapse

(06:34) Magnus Heystek on why you should diversify your investments across jurisdictions

(10:10) Magnus Heystek on the true value of the Rand  

(13:28) Magnus Heystek on how to get your timing right when investing outside of South Africa

(15:38) Magnus Heystek on retirement annuities and other pension funds

(19:47) Magnus Heystek on prescribed assets  

(21:38) Magnus Heystek on the performance of the JSE

(26:27) Magnus Heystek on securing your financial future in South Africa

(32:03) Magnus Heystek on the independence of the South African Reserve Bank

(34:46) Magnus Heystek on the risks of cryptocurrency

(36:42) Magnus Heystek on protecting your wealth in South Africa

(38:08) Conclusion  

RESOURCES  

'The trillion rand property collapse' by Magnus Heystek (BizNews, 28 June 2021): https://www.biznews.com/news/2021/06/28/magnus-property 

Brenthurst Wealth Management: https://www.bwm.co.za/

VIDEO

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