Per H Börjesson, the founder of Spiltan Invest, had a childhood dream of becoming wealthy. Through his own stock investments, he eventually established an investment company that primarily focuses on Swedish growth companies, both listed and unlisted. Börjesson has all his money invested in this company, showcasing his unwavering belief in its potential.
In addition to Spiltan Invest, Börjesson co-founded Spiltan Fonder, a fund company that quickly gained popularity among fund investors. Today, he is considered a prominent figure in the financial world, frequently appearing in the media to advocate for the benefits of long-term saving and low fees. His motto, “Let your money work for you,” is aimed at inspiring generations to prioritize smart financial planning.
Not surprisingly, Warren Buffett, the legendary American investor, serves as Börjesson’s greatest inspiration. He often quotes Buffett, emphasizing the importance of being greedy when others are fearful. Börjesson also recommends Berkshire Hathaway, Buffett’s investment company, as a valuable asset for investors, which Spiltan Invest has wisely invested in.
Known for his outspoken and unconventional views, Börjesson has not shied away from criticizing the financial industry when he believes savers are being exploited. With several books on saving and investments under his belt, he believes he has cracked the code to wealth accumulation.
Here are Per H Börjesson’s five tips for achieving financial success:
1. Start by saving 10% of your monthly income in stocks or equity funds. Building a wealth foundation step by step is crucial, regardless of how much you earn.
2. Harness the power of compound interest, as it significantly boosts long-term savings. Every percentage point saved in fees or increased returns can have a substantial impact over time.
3. Buy and hold your investments to let them grow steadily, akin to nurturing a forest. Avoid panic-selling during market downturns, as the market always rebounds. Selling quality companies prematurely is a common investor mistake.
4. Investing in real estate, particularly in your own home, can be a lucrative move. Leveraging a portion of the investment through borrowing can amplify returns on your initial investment.
5. Exercise caution when heeding advice from brokers and financial advisors. Many in the industry are salespeople, and transactions are their lifeblood. Trust in your own abilities and focus on a simple strategy of buying and holding.
By following these principles, Per H Börjesson believes anyone can pave the way to financial prosperity. His commitment to empowering individuals to take control of their finances and build sustainable wealth is evident in his actions and advocacy.