From making your money work harder to relationship building, Sheridan gives an insight into who is managing your money and what goes into it.
Meet the team: Why Investment Manager Sheridan loves investing
I’ve been in this industry for quite a number of years now and my role has allowed me the opportunity to get to know a great many investment managers. What I’ve come to realise though is that there’s a vast gulf between you as a potential investor, investing at arm’s length, and the knowledge you have of the person you’re investing your money with, including what their values may be.
In most other aspects of life, you meet the people who are going to help with personal matters face-to-face, like your accountant, solicitor and childcare provider. This leads me to believe that as an investment management community we should try and provide you with a little more insight into ourselves so you can evaluate your choices when it comes to your investments. After all, once you’ve invested your money with a manager, you’re leaving the decision-making from there on with them to act on your behalf.
Why I love investing
I love investing, on a personal basis, because I get a chance to grow my money. On a professional level, I have the privilege of growing the money of The Share Centre’s investors. I get to work the money as hard as needs be to deliver growing returns over time. Sadly not overnight, but good things do take time.
I understood very early on that more often than not you need your money most when you least expect it, or at those turning points in our (or our families’) lives when a little extra cash would really make all the difference. Not having something put aside can add to your stress and sometimes force you into a position that raises the need to borrow money at a high cost of repayment. That can leave you looking in the rear view mirror, wishing ‘if only you had planned a little better, your life could be a little more comfortable’.
Before I could get to a place where planning for me and my family’s financial future got easier, I had to spend hundreds of (sometimes boring) hours learning my craft, both on the job and in the classroom. Once I’d learned the theory, many years were spent honing skills and building relationships. Relationships still remain a key today; seeking out like-minded individuals and teams that may have interesting investible opportunities, which I believe I can get an advantage from by investing in them and their ideas.
The best part of what I do is building those relationships and strategies which I believe can, over time, deliver a superior outcome based on the vast amounts of data and material my team and I consume and debate on a daily basis.
Focusing on the fundamentals
It’s a very personal and privileged experience looking after investors’ hard earned money. When making decisions around where to invest my own money and how to balance the risks between correlation and diversification, my thoughts are never far from my family. I have to consider whether the risk I’m taking with their money is warranted and fairly reflects their expectations.
This is why I like to refer to my mantra of ‘investing far from the madding crowd while searching for a balance between correlation and diversification’. On a daily basis this reminds me not to get caught up in market noise and to focus on the fundamentals. To construct portfolios of investments that do not having strong relationships by diversifying across countries, equity, bonds, commodities and sectors such as technology and infrastructure.
I hope you found this useful. If you would like to discover more about The Share Centre’s investment funds that seek to do the heavy lifting for you, there is more information on our multi-manager fund page.
Thank you for your time, happy investing.