Investment quiz winner bags $2,500 prize
Ryan Davidge is the winner of the Bermuda Stock Exchange-sponsored investment quiz competition, scooping a $2,500 prize.
Entrants in the BSX World Investor Week Quiz Challenge were invited to answer six questions embedded in a series of investment-related articles in The Royal Gazette this month.
Of the 123 people who responded, 91 managed to answer all six questions correctly.
Mr Davidge was one of them and his was the name drawn out of the hat to win the $2,500 BSX stocks portfolio.
The 37-year-old father of two young sons said he had no experience of personal investment and was looking forward to having a go.
He will have an account set up at Butterfield Securities (Bermuda) Ltd, the brokerage that donated the prize.
Mr Davidge has been a property insurance broker for 14 years and works for Aon. He said he had not done any self-directed investing before, but had often considered it.
So which of the 13 companies listed on the domestic main board of the BSX will he be investing in?
“I’ll work that out after I get the investment account set up with Butterfield,” Mr Davidge said.
“The thing about these companies is that we know a lot about them, because they’re in Bermuda and we use them all the time. You don’t have to look through a 500-page report to get to know about them.
“I would look at them as fairly safe investments and they will make more than money at the bank.”
This year marked the second running of the quiz, after Timothy Kikuvi won the $2,500 prize last year.
The six investment articles published by The Royal Gazette, which cover investment topics like the power of compounding, the importance of diversification, basic advice for a novice investor and a drill down into The Royal Gazette/BSX Index’s strong returns so far this year are all still available online. To find them, visit www.royalgazette.com and type “WIW” into the search engine.
Backing The Royal Gazette and the Bermuda Stock Exchange as supporters of the investor education initiative were financial-services regulator Bermuda Monetary Authority and the CFA Society Bermuda.
This was the second World Investor Week, an initiative of the International Organisation of Securities Commissions, of which the BSX is a member. Securities regulators and other interested parties in 80 countries participated.
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