08 Feb 6th February 2018
Dreamcatcher at Moreland, Tuesday 6 February 2018 David Docherty and Hannah Piper Investment Managers, Schroders David began by explaining what he and Hannah do: “We invest other people’s money. ‘Investing’ means putting aside money and trying to make it grow, so…
Dreamcatcher at Moreland, Tuesday 6 February 2018
David Docherty and Hannah Piper
Investment Managers, Schroders
David began by explaining what he and Hannah do:
“We invest other people’s money. ‘Investing’ means putting aside money and trying to make it grow, so saving now to spend later. For example, you might not have enough money now to buy a house, but if you invest and it grows, you could do that in time.
“One way to invest is to buy shares in a company. You can literally buy shares in Tesco, so you own a little piece of that company. Then if the company grows you can make more money.
“The thing about investing is that shares can go down as well as up!”
They showed some slides about companies that have done well and not so well.
“Apple is a great example of a company we’d want people to have invested in. In 1980, one share in Apple was worth just one US dollar. By 2015 a share in Apple was worth $169.”
“Blockbuster has not been so successful. They used to rent videotapes. Now that people can download or stream films at home, Blockbuster has gone right down, while Netflix has gone up.”
“Another example is Easyjet, the airline: not as successful as Apple, but not as unsuccessful as Blockbuster. Easyjet’s share value has gone up and down.”
What learning and qualifications did you need for your job?
Hannah: “We both did university degrees, then went into finance and got more training.”
What did you dream of doing when you were at school?
David: “I was very interested in American history: I wanted to be president of the United States! Then I realised you had to be American, so that fell through.”
Hannah:“I wanted to be a doctor until I realised I couldn’t bear the sight of blood. But I kept doing lots of Science and Maths; I knew I wanted to do something analytical, with numbers.”
What do you like about your job?
Hannah: “You’re always learning. There’s always a new challenge.”
What’s the hardest thing?
David: “There are times when investments don’t work so well. That’s very hard: you need lots of resilience.”
Is investment important to our community?
Hannah: “That’s a really good question. I think it’s important because investment allows people to save for when they retire.”
David: “It’s important for individuals, but also for charities. You know that charities raise money to do things for the community. Charities invest the money they raise from donations, so as that money grows they can use it to do things like build homeless shelters, or whatever is needed.”
If you could meet yourself again at our age, what advice would you give yourself?
“Don’t ever let anyone tell you you can’t do something. Just put your mind to it and do it!”
“Always treat people with respect. Don’t treat people differently because of their status: everyone deserves the same respect.”