More brainwashing in this uncertain economy

[Watchman]

http://business.asiaone.com/Business/My+Money/Opinion/Story/A1Story20100607-220687.html


Starting early is always prudent

Ask Mr Simon Newman, chief executive of British insurer Aviva Singapore, for investment tips and he will list investing early as a top priority.

After all, he has benefited from the experience of starting in 1985, when he was just 25.

That year, he started building a unit trust portfolio after his father, a manager at IBM, bought him a seat at an investment seminar as a birthday gift.

Encouraged by what he learnt, he began channelling a modest sum of about $150 every month into the unit trust portfolio. And as his salary grew, he put in more each month.

By the time he was 30, he was saving about $2,000 a month and 75 per cent of that was invested in his portfolio.

Being a teenage parent also made Mr Newman, now 49, realise the importance of financial planning for the future.

He married at 18 and became a father in the same year. His wife Trudy Dowling, then 19, had to postpone her studies and the couple survived on his student grant and holiday jobs.

Between 1978 and 1981, Mr Newman studied economics at Warwick University and graduated when he was 21.

He began working at Barclays Bank in London after his graduation, and stayed there for 23 years before he switched to the insurance sector. From 2004 till 2008, he was director of PruDirect at British insurer Prudential. He joined Aviva Singapore as chief executive in October 2008.

He and his wife, who teaches at the Overseas Family School here, have two sons - Andrew, 31, and Robert, 28. He also has a grandchild, Braiden, who was born last September.

 

[no_faith]

conned our ppl money oreadi den wan to be teacher ah?
gd deal sia...

investigate him, he might embezzled from the companies.

 

[Watchman]

Plenty like him here in Singapore . As long you makeover and start anew .

 

[johnny333]

I used to have alot invested in unit trusts. Made alot of losses. Other than the management fees. There was collusion going on beind the scenes that favoured the big investors.

Better to look at ETFs

 

[Received_by_Kings]

and he will list investing early as a top priority

That is extremely true. The early bird gets the worm as they always say. And if you aren't lucky then you've got to have foresight. That's the way to win.