Romeo loves al­ter­na­tive in­vest­ments

Sunday Tribune - - BIZ -

LUYOLO MKENTANE

AYOUNG en­tre­pre­neur is on a cru­sade to present lu­cra­tive fi­nan­cial mar­kets as the an­swer to South Africa’s high un­em­ploy­ment scourge, now at 26.7%.

Romeo Hadebe says his mis­sion is to pro­vide al­ter­na­tive in­vest­ment op­por­tu­ni­ties for in­vestors seek­ing to di­ver­sify their port­fo­lios and gain ex­po­sure to high-risk, high-re­turn as­sets from a re­search-in­formed po­si­tion.

The 27-year-old founder and chief ex­ec­u­tive of Caps Wealth and In­vest­ments says his com­pany of­fers high-risk in­vest­ment op­por­tu­ni­ties on the short-to-medium term through a range of prod­ucts.

The li­censed JP Mar­kets trader and port­fo­lio man­ager es­tab­lished his com­pany in 2014, specif­i­cally to ex­plore al­ter­na­tives in the in­vest­ment mar­ket.

He says he has al­ways been in­trigued as to why the price of com­modi­ties such as gold and crude oil con­stantly went up and down.

“I just loved eco­nom­ics and how firms make de­ci­sions, the law of sup­ply and de­mand, etc,” says Hadebe, who grad­u­ated with a Bcom in fi­nance and eco­nom­ics from the Univer­sity of Kwazu­lunatal (UKZN) in 2013.

He went to Jo­han­nes­burg and worked at a call cen­tre, sell­ing short-term in­sur­ance for Mu­tual & Fed­eral.

But af­ter four months he re­signed, feel­ing that he was overqual­i­fied for the job as most of his col­leagues only had ma­tric as a high­est qual­i­fi­ca­tion.

He took up a job at San­lam as a fi­nan­cial plan­ner but soon got frus­trated be­cause he was not mak­ing any in­vest­ment de­ci­sions.

In 2014, Hadebe joined GT247. com, a ca­reer move that steered him to­wards start­ing his own com­pany later in the year, CAPS Wealth and In­vest­ments.

“I wanted to ed­u­cate and train peo­ple on how to trade the fi­nan­cial mar­kets. I saw a gap in the mar­ket. We have taught more than 2 000 peo­ple across the coun­try, who have gone on to be­come multi-mil­lion­aires and es­teemed busi­ness­peo­ple,” says Hadebe.

Be­fore start­ing the com­pany, Hadebe worked for bro­ker­age firm GT247 as fi­nan­cial plan­ner where he says he helped clients trade in the fi­nan­cial mar­kets.

He de­scribes GT247 as a on­estop-shop spe­cial­is­ing in shares, in­dices and forex trad­ing.

“It was like a dream come true for me be­cause I could hear the older guys in the com­pany speak­ing the lan­guage of The Wolf of Wall Street with clients,” says Hadebe, who holds a na­tional cer­tifi­cate in wealth man­age­ment from the In­sur­ance Sec­tor Ed­u­ca­tion and Train­ing Author­ity, among other ed­u­ca­tional qual­i­fi­ca­tions.

It has been a long way for Hadebe who was raised by his sin­gle mother in Mpumalanga town­ship in Kwazulu-natal.

Hadebe says his mother, who passed away while he was writ­ing his ma­tric ex­am­i­na­tions in 2009, was more than an in­spi­ra­tion for him as she jug­gled her work as a busi­ness­woman who ran a spaza shop, sold im­ported cloth­ing brands in the town­ship and was a small-time lender.

“She gave me tough love. She taught me at an early age what it is to be re­spon­si­ble,” re­mem­bers Hadebe, who sold sweets, watches and per­fumes at school.

“She wanted me to study com­merce but all I wanted was to be­come a chem­i­cal en­gi­neer.”

He says he turned to com­merce af­ter his late ap­pli­ca­tion to study en­gi­neer­ing was turned down by UKZN.

He be­lieves in con­duct­ing busi­ness with in­tegrity, say­ing: “We don’t sell peo­ple dreams. We are re­al­is­tic in our ap­proach.”

Hadebe, who of­fers ad­vice on fi­nan­cial mar­ket prod­ucts of de­riv­a­tives, says the lu­cra­tive fi­nan­cial mar­kets are the fu­ture.

“The mar­ket is out there for us to make a profit. If all the un­em­ployed youth could learn the skill that could give them at least $100 (R1 270) a month, that could go a long way in help­ing the coun­try al­le­vi­ate the scourge of un­em­ploy­ment and poverty,” he main­tains.

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