10 Billionaires Best Investment Advice


 

3. Peter Hargreaves:

Kick starting his career as a Computer Salesman, Peter went on to find UK’s largest financial service company, Hargreaves Landsown Plc, the investment brokerage that has put 400,000 clients into unit trusts worth around 20 billion punds. He co-founded the company with Stephen Lansdown. Peter started the trading business from a spare bedroom in his Bristol flat in 1981 and scooped 80 million pounds when the firm floated with a price tag of 800 million punds in 2007. Today it's worth nearly 3 billion pounds and his 30 percent stake is valued at 900 million pounds. According to Peter, the success reason of the company is because Peter has never borrowed a penny to build the business. “They offered us gearing when we floated, saying if we took on £100m, the business would be worth only £80m less, so we could take out £20m as a special dividend. But what a nonsense. Why would I want to be saddled with debt of £100m?” as quoted by The Guardian.

His Strategy: If he has $1 million then he will invest half in Norwegian krone, half in Singapore dollars.