Helmut Jonen left his top job at the bank UBS a decade ago to live off his dividend income. Helmut Jonen / Getty Images / ANGELA WEISS / Contributor / Collage: Dominik Schmitt
Helmut Jonena former banker at UBS, now lives on his dividend income of around 240,000 euros per year.
He shares his five most important insights from his long career in the stock market with Business Insider.
Finished ten years ago Helmut Jonen his career as a banker at UBS in Switzerland, where he earned over 300,000 Swiss francs annually. Instead of looking for a new job, he now lives on his dividend income, which amounts to around 240,000 euros per year. At 63, Jonen now enjoys his financial freedom by traveling the world instead of working in an office. For Business Insider he wrote down his five most important learnings from his long career on the stock market.
1. Choose carefully before investing
There are many thousands of stocks around the world in which I can invest my capital. Every investment is preceded by detailed due diligence. As long as I haven’t invested yet, I can act completely independently and freely on the stock market. As soon as I have decided on an investment, it is over. After each purchase I can no longer act freely, now I can only react to a limited extent and if the share does not develop as hoped, in case of doubt my only option is to sell it at a loss.