You can also listen to this podcast on iono.fm here. RYK VAN NIEKERK: Welcome to this week’s edition of the Be a Better Investor podcast. It’s a podcast where I speak to professional investors about their investment journeys and why they pursued a career in managing other people’s money. We also peek into their personal investment portfolios and discuss their best and worst investments ever.
I grew up in Pretoria, the northern suburbs of Pretoria to be honest. I always was interested in finances. After school I decided to take a bit of a break, one of those group holidays in the UK, and upon my return I was sent to start a degree in BCom Investment Management at the University of Pretoria, after which I was given an opportunity to start my career at Absa. Sort of parallel to that I then obtained a BCom-equivalent degree from Unisa and a few other supplements.
Without a doubt. I think that’s something that I find imperative in my approach. We obviously do a lot of reading and [refer to] specific individuals whom we catch up with in order to obtain a more realistic view. I don’t think it’s a responsible approach to try and make any investment decisions on your own. Especially in the current market environment, where information is so freely available, one has to tap into other expertise and people you can learn from.
Ryk, yes. We’ve got a basket of shares. So without isolating anything specifically, in South Africa there are a few fundamentals that we hold – our beloved Naspers, and then a few more of those we hold in our personal capacity. And offshore obviously I kind of like – based on current valuation – myself, I’m quite tech-heavy, and I think that there’s [potential] for my risk appetite and just my logic behind it and the way I interpret it, in my personal capacity, it makes sense.
The tranche is a five-year derivative solution that clients move into with a fixed termination date. So you buy a financial product that’s got a term linked to it – five years, usually. You buy at a specific strike price and then it releases on a specific term. Usually on month 60 that tranche vests, and then your capital is exited from the tranche. So it means in normal circumstances we invest it in a share portfolio or unit trusts portfolio, or any other assets that have a growth nature.
I think what is important for me as a wealth manager is to understand realistically a client’s interpretation of the investment environment. It’s imperative to have a good feel for your client’s risk appetite. Often when you speak to a client in regard to any specific investment, you obtain limited information. So in my view it’s imperative to look at a client’s portfolio more realistically, and use all building blocks as part of the analysis process.
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