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The other (happier) side of Heystek's property journey - and why he's now taking money offshore to buy US shares

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While warning that "the easy money" has been made, independent financial advisor Magnus Heystek shares what he has personally been doing recently - converting Rand into hard currency to invest in beaten down US stocks. In this fascinating podcast with BizNews founder Alec Hogg, he also revisits his property journey, explaining how lessons from mistakes that cost him big at his now famous Hartebeespoortdam disaster helped him make excellent returns in other carefully selected areas. While Heystek is still keen on some property developments in SA, he warns that returns are likely to be modest - and incomparable to the fortunes made during the 2002 to 2008 boom. Learn more about your ad choices. Visit megaphone.fm/adchoices

14 Feb 2022 5AM English South Africa Investing · Business News

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