The truth about financial advice in South Africa - with David Joshua

By The Horns: A Bitcoin podcast about South Africa

Follow David on LinkedIn - https://www.linkedin.com/in/david-joshua/
David's website - https://www.resonance.global/
SPONSOR: Bitcoin Only - https://bitcoinonly.io/
Discover the hidden truths of the financial advisory world with David Joshua, a sage expert from the trenches of Standard Bank, as we unravel the tangled incentives dictating investment advice in South Africa. This episode promises a treasure trove of insight, with David's expertise shining a light on the industry's conflicts of interest, and how you can navigate the murky waters of global investing. His book, "The South African's Guide to Global Investment," emerges as a beacon for those looking to expand beyond local markets, and together, we dissect the allure and realities of diversification in an interconnected global economy.
Amidst the financial noise, the enigmatic Bitcoin takes center stage. We examine its trajectory during economic tightening phases, its dance as both a speculative asset and a long-term investment, and its role as a diversification tool in your financial portfolio. This episode peels back the layers of Bitcoin's complex nature, highlighting its potential to hedge against economic instability and offer a level of control over personal wealth that traditional assets might not match. Listen closely as we ponder the fate of currencies like the South African Rand and speculate on the transformative power Bitcoin might wield over the next few decades.
The final act of our financial odyssey casts a spotlight on the personal responsibility one holds within the realm of wealth management. Through tales of missed Bitcoin boons and wisdom from unexpected sources, we scrutinize the traditional financial service industry's biases and conflicts. We debate the merit of advisors versus the empowerment of self-taught investment wisdom, stressing the importance of transparent and fair advisory relationships. Join us for a profound discussion that will not only challenge your perceptions of financial advice but also inspire you to take a more informed and proactive role in securing your financial future.

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1. Financial Advice in South Africa (00:00:00)

2. Investing and Diversification Strategies (00:14:40)

3. Benefits of Investing in Bitcoin (00:20:02)

4. Financial Advisors and Bitcoin Investments (00:25:19)

5. Financial Misrepresentation in the Industry (00:29:56)

6. Leadership Development and High Performance (00:40:54)

7. Financial Advisors and Personal Responsibility (00:44:35)