[NEW EPISODE] ‘If you’ve going to put together a portfolio, try to keep it quite narrow,’ says sanlam’s Nick Kunze on Be A Better Investor podcast with Ryk_van_Niekerk. Download the podcast below. Moneyweb Investing
RYK VAN NIEKERK: Welcome to this week’s edition of the Be a Better Investor podcast. It is the podcast where I pick the brains of the top professional investors in the country, and we delve into their own personal investment approaches. We talk about the research process they follow to identify potential investments. We also talk about their best and worst investments ever, and the idea is to find those golden nuggets of wisdom to assist amateur retail investors to become better investors.
It’s pretty much non-existent now. These markets sort of blow hot and cold, I think, and they come into favour and they go out of favour. I think back in the day the investment banks that were making the markets and a lot of the warrants, which got people first interested in it, I honestly think [then] a lot of people didn’t do their homework, so what the investment banks and the market makers were doing was mispricing those warrants; they were [more] expensive than they should have been.
No. RYK VAN NIEKERK: Many people invest, they want to make money, they want to make money quickly. Sometimes I don’t think retail investors actually understand risk properly. Well, I think they’re very good. We spoke there about the financial literacy of the average investor. I think it’s gone on up leaps and bounds from 15, 20 years ago, and I think a lot of that’s to do with the ease of information with the internet world that we live in at the moment. I think a lot of it’s to do with education by the likes of the JSE. Some of the smaller houses have made access to investing easy. Look at EasyEquities, for example.
Not by a long shot, Ryk. Anything I can get my hands on, I’ll get my hands on. If I’m looking to get involved in a sector or a various theme to invest in, I want to suck up as much information [as] I possibly can. So yes, we [are] fortunate enough to have access to some clever minds in the Cape who do the number crunching for us at Sanlam, so I use their sort of ideas and thoughts as well.
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