Investor quiz $2,500 winner over the moon’
Timothy Kikuvi emerged as the winner of a prize worth $2,500 in a Bermuda Stock Exchange-sponsored quiz to mark World Investor Week.
Entrants in the BSX WIW Quiz Challenge were invited to answer six questions embedded in a series of investment-related articles in The Royal Gazette last week.
Of the 200 people who responded, 76 managed to answer all six questions correctly, said Greg Wojciechowski, chief executive officer of the BSX.
And Mr Kikuvi’s name was drawn out of the hat to win a win a $2,500 Bermuda securities portfolio.
Mr Kikuvi, an accountant with global spirits producer Bacardi and a Kenyan national, said after learning he had won: “I’m over the moon, I’m so happy.”
Asked which BSX-listed companies he would invest in with his winnings, he said: “It’s too early to say. But I’m very optimistic about the prospects for the economy, both locally and abroad.
“And if God gives me health and long life, then I hope there will be time for some compounding of the investment.”
Mr Kikuvi said that although he is a Chartered Financial Analyst and he keeps abreast of economic developments around the world, his self-directed investing activity has been limited to the choices he is allowed to make within his company pension plan.
He added that the articles, which covered topics including investment basics, the effect of compound interest and dollar-cost averaging, had some “added value” for him, offering interesting ideas on the principles of good investing.
The articles are still available to read on The Royal Gazette website at www.royalgazette.com. Find them by typing “wiw” into the website’s search engine.
Mr Wojciechowski said he’d been delighted by the response to the competition.
“It’s been an excellent investor education exercise,” he said. “As the national stock exchange, we are there to help international business development, but our primary focus is the development of our domestic capital market and to encourage as many people as we can to participate in it.”
The first World Investor Week was an initiative of the International Organisation of Securities Commissions (Iosco), of which the BSX is a member. This was the first staging of the event and securities regulators and other interested parties in more than 80 countries participated.
Mr Wojciechowski thanked the Bermuda Monetary Authority and The Royal Gazette for their support, as well as Butterfield Securities (Bermuda) Ltd, the brokerage firm that will provide the account through which Mr Kikuvi will be able to invest his winnings in BSX-listed securities.
He said WIW had been a natural continuation of the BSX’s “Own Your Share of Bermuda” campaign earlier this year, which was designed to raise awareness of local investment opportunities.
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