Investor Snapshot - Eliot Solarz, Head of Corporate Trust - LawDeb
As part of our WIN* - Widening Investor Networks initiative, we asked people in our network, at all points on their investment journey, to share their Investor Snapshot. Here is LawDeb ‘s Head of Corporate Trust Eliot Solarz.
What was your first experience of investing?
When I started work after law school I began participating in my firms pension scheme as soon as I was eligible and ensured I contributed sufficiently to maximise my employers contribution to that scheme. Up until that point I hadn’t really thought about investing any spare funds I had (well I didn’t really have any spare funds!)
Has there been a person or resource you have found most helpful in your investment journey?
Being totally honest I am not that interested in the investments themselves, so I rely on financial advisers and managers of the funds they suggest I invest in who know far more about this than me. I’m a firm believer in relying on the experts.
What has been the riskiest investment you have made, or considered?
My season ticket at Tottenham! Having acquired this at a similar time to starting my contributions to a pension, this investment has not paid off at all. I remain hopeful of a league title in my life time, but I am not holding my breath!
Have you had any investments that have performed extremely well or extremely poorly? If yes, what were they?
I’m relatively risk averse being a lawyer and a Trustee, so I think the answer here is no. My investments tend to provide a steady return, which I am fine with as I am not a big risk taker with them so can’t expect exceptional returns. Though I do enjoy the thrill of checking my premium bonds app each month to see if I have won a prize, which I suppose highlights my risk appetite.
What would you tell your 20-something self about investing?
Start saving sooner, even if just a little bit, compound interest is much cooler than it sounds.
Thank you Eliot.
This interview is for information only and it is not investment advice. It is for use in the United Kingdom only. Investments and/or investment services may not be suitable for all investors. If you are not sure which investments are right for you, please seek advice from an independent financial adviser. If you choose to invest in financial instruments, you should remember that capital is at risk and that the value of investments can go down as well as up. This means that you could get back less than you put in. Some investments are less readily realisable than others and it may therefore be difficult to deal in or obtain reliable information about their value.
Capital is at risk and past performance is not an indicator of future performance.
