Fi­nance man wins money ‘marathon’

The Jewish Chronicle - - News - BY MICHAELA WAL­TERS

JEREMY SIL­VER­STONE, a fi­nan­cial ad­viser from Wim­ble­don, has won The Tele­graph Fan­tasy Fund Com­pe­ti­tion, pick­ing up a prize of £20,000.

Con­tes­tants, who were each given a £100,000 vir­tual port­fo­lio, were chal­lenged to gen­er­ate the high­est in­vest­ment re­turn they could on the imag­i­nary money by choos­ing which funds to in­vest it in and how much to in­vest.

Mr Sil­ver­stone, 43, de­scribed the com­pe­ti­tion — which be­gan on Au­gust 16 last year and didn’t fin­ish un­til the end of March, as a time-con­sum­ing “marathon”.

He told the JC: “I would do re­search over week­ends and then log on ev­ery week­day. To­wards the end of the com­pe­ti­tion, I had to log on two or three times a day. Some­times I had to stay up un­til 2am to watch Bloomberg in Asia”.

By the end, he had taken his ini­tial £100, 000 to more than £120,000, beat­ing over 35,000 other con­tes­tants.

Mr Sil­ver­stone has worked in the fi­nance sec­tor since he was a teenager. He lived in Is­rael for four years from the age of 26, be­fore re­turn­ing to the UK and con­tin­u­ing his ca­reer.

In spite of his con­sid­er­able ex­pe­ri­ence in the sec­tor, his triumph took him com­pletely by sur­prise.

“In the last seven or eight days of the game,ihada­goodlead­but­noth­ing­was guar­an­teed. You can lose very quickly. I was very ex­cited but very ner­vous. I had to keep telling my­self: ‘don’t give any­thing away, be ice cool, it’s like poker, some­times do­ing noth­ing is all you need to do’”. He plans to spend part of the money on a hol­i­day, but says that cash was not the pri­mary rea­son for his en­ter­ing the com­pe­ti­tion. “Of course I was in­ter­ested in the money. I would be ly­ing if I said I wasn’t, but the money won’t make a di­rect dif­fer­ence to my life. It was more about t he c hal l e nge; I liked the idea of win­ning and be­ing the best”.

Win­ner: Sil­ver­stone

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