Paul Xiradis to keep investing in Australian stock market despite slowing economy

·

Ausbil founder, executive chairman and chief investment officer, Paul Xiradis, has told the Australian Financial Review (AFR) that he plans to have a few years left investing in the stock market.

Xiradis is known in the industry as “X” and has been investing in the stock market for decades as the CEO of investment management company, Ausbil, since 1997.

“It’s not only my work, it’s my hobby,” he told the AFR.

“That’s what’s going to keep me focused in the next few years. I reckon it’s going to be challenging, but I like a challenge. So, I’ll be keeping at it for many years yet.”

Xiradis is the eldest son of Greek migrants who ran several fish shops while raising their children in Sydney. He said he was “an okay student” but didn’t have a lot of time to study because he was helping out the family businesses most afternoons and weekends.

Paul Xiradis. Photo: Jane Dempster / The Australian.

“So when I left school, it was an opportunity for me to really excel and work for myself in the sense of achieving my own results.”

Xiradis worked his way up the ranks of the industry, starting out as a bank teller and experiencing almost every facet of finance – ranging from personal banking to investment property, to equities, to fixed income and broking.

“X” is now known as a “market animal” and has no plans to slow down despite the period of low growth and slowing economy he predicts for the next few years.

“You need to be very cautious about where to invest,” he told the AFR. “But that doesn’t mean there are no opportunities.”

Source: Australian Financial Review

Advertisement

Share:

KEEP UP TO DATE WITH TGH

By subscribing you accept our Terms of Service and Privacy Policy.

Advertisement

Latest News

Kimberly Guilfoyle’s nomination for US Ambassador to Greece advances to full Senate

Kimberly Guilfoyle’s nomination to serve as US Ambassador to Greece has won approval from Senate Foreign Relations Committee.

Kalymnian Brotherhood of Darwin threatens legal action over octopus dispute

The Kalymnian Brotherhood of Darwin is threatening legal action against the NT Government following a food safety dispute over octopus.

‘Want to honour legacy’: Con Kalamaras on Estudiantina’s soulful tribute to Greek music icons

In the lead-up to the show, The Greek Herald spoke with Estudiantina member and organiser Con Kalamaras about what to expect.

Meet the Greek sisters behind Adora: A 30-year legacy of handmade chocolate and heart

If you’re looking for a new spot in Sydney to satisfy your sweet cravings, Adora Handmade Chocolates is the place to be.

Young artists shine in ‘First Light’ exhibition at opening of That Art Place in Carlton

More than 65 young artists from the St George area in Sydney had their creative moment in the spotlight on Saturday, July 12.

You May Also Like

Sydney pianist Alex Nero takes on Greek hits and wants you to listen

Alex Nero has a goal to gather as many Greeks and Cypriots as possible worldwide onto his social media page in 365 days.

Holy Wednesday and the Sacrament of Holy Unction

On Holy Wednesday, the Sacrament of the Holy Unction is conducted to heal the faithful and allow them to be forgiven for their sins.

Greek stunt rider Marios Pol reflects on career with Australia’s Great Moscow Circus

Greek trial motorbike stunt rider Marios Pol reflects on career with Australia's Great Moscow Circus to The Greek Herald.