Welcome to the first edition of the SMSF Connect Investment Series.
Hi my name is Ian Irvine and I have been a keen investor for over 40 years. It all started when I was still at high school, when one evening my father took me to an education session at The Sydney Stock Exchange. Shortly after I made my first investment
Over the years, I have continued to invest and have encouraged our two children to take an interest in their financial affairs, investments and superannuation. So far, our eldest has taken control of her investments and super with avid interest; her brother is yet to become as keen. I’m sure it will happen; as it’s not something you can force someone into and better if they find the ‘magic’ for themselves.
I’ve worked in financial services for over 30 years and at the end of 2017, I finished 14 years working at ASX, which in part included building and delivering educational sessions for investors, similar to the one my father took me to many years before.
I was delighted when the SMSF Association asked me to write some short pieces that relate to my personal experiences and ideas. Over the coming months you’ll get to hear some of them; they are just that my experiences or ideas – no advice here. I hope you get something from the series or at least find it interesting.
The first is about managing cash flow – sounds simple, but sometimes the simple things implemented well can make a big difference.
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Ian Irvine – Guest Contributor
Ian has been a keen investor for over 40 years and can draw on his experiences from both investing on his own behalf and also having worked in financial services for more than 30 years. Over this time, he has seen many changes that impact investors’ attitudes to in what and how they invest.
He started his career in what is now referred to as fast moving consumer goods (FMCG) or grocery, working for an Australian margarine manufacturer. In 1986, he was recruited to Westpac around the time of deregulation of the sector, where he spent 10 years before taking a role at AMP and then with ASX for 14 years up to the end of 2017. He continues to be involved with ASX; working on their educational programs.
In 1996, he and his wife established their own SMSF and again the experience and lessons learned regarding managing an SMSF over the years have provided him with many insights and ideas. He enjoys sharing these with others where these are helpful and always suggest that if an investor or SMSF trustee is unsure, that they should seek appropriate advice from a licenced professional.
Ian holds a B. Com (UNSW), and lives in Sydney and enjoys travelling to and meeting investors and SMSF trustee at the educational events with which he has involvement with from time to time.