Investor Snapshot - Sankar Mahalingham, MD - LawDeb Pensions
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 Pensions Managing Director Sankar Mahalingham.
What was your first experience of investing?
I distinctly remember being very happy about the 10% interest rate I received on the earnings from my part time job through my bank account. That was until my parents told me their mortgage rate was 15%.
Has there been a person or resource you have found most helpful in your investment journey?
I was fortunate to have a family that spoke about finances. My father instilled the value of saving from an early age, not wanting to be in too much debt but understanding the value of using investments to generate returns.
Have you had any investments that have performed extremely well or extremely poorly? If yes, what were they?
I was enthusiastic, but not terribly successful during the early technology rush in the late 90s. I do think that early experience has made me a little risk averse.
What’s next for your investing journey?
I have children coming up to university, plus I like to ensure holidays are fun and stress free – so some cashflow generating and/or liquid assets will be useful. For example, a combination of listed equities that pay regular good dividends plus notice accounts (if you can lock in a good yield).
What would you tell your 20-something self about investing?
Save what you can without compromising enjoyment too much (e.g. hide away surplus funds at the end of month before the next salary run), even a very little but very often means you will be fine.
Thanks Sankar!
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.
