Wednesday, 12. March 2014
05. 04. 12. - 17:00
Austrian Times markets analyst and regular columnist Clem Chambers, who is author and CEO of a global stocks and shares information site for the private investor, ADVFN.com, is interviewed about his new investment book and why financial security is harder than ever to guarantee .
Q: Clem, at a time when personal budgets are being squeezed, why do you think value investing is important?
As pensions for baby boomers evaporate and the horizon of retirement recedes for younger generations, there are less and less ways to ensure your financial future. To many the situation seems hopeless.
The only real solution is for people to take control of their own destiny and invest their own money.
Whatever you think of the middlemen in the pension world, in any event they take a fat cut. At the very least investing your own money adds back that fat margin into your returns. Over the years, this is a huge amount of money.
Q: The world of trading and investing often confuses beginners set on "getting rich quick". Will your book help them in their aim?
Firstly, let’s not confuse investing with trading. Let’s put trading to one side and leave that to the gamblers.
Investing is not about getting rich quick; it is about diligently building up wealth over the long term. It’s about building a pot of money that will look after you when you stop work. Long term investing is one of the few ways this can be achieved and value investing is the basic strategy.
Q: So where does the man in the street start?
ADVFN’s Beginners Guide to Value Investing is written to be a short, hands on guide to the basics of buying value stocks. It’s not academic or exhaustive, it’s not a definitive encyclopaedia, it is an easy to read, crash course in how to get started. It's accessible, its straight forwards, it's plain speaking and it’s a jump off point for anyone who wants to make a start investing the good old fashioned way.
Q: What advice would you give the novice investor?
The hardest part of investing for most people is knowing how to get going. For that they need a simple template that keeps them away from the stock market’s shark-infested waters, which keep so many people away from shares all together.
This is the goal of ADVFN’s Beginners Guide to Value Investing and it provides a platform for private investors to develop further investment skills – an attempt to open the door to the world of investing to all, a world so few dare enter.
Q: So a beginner has learnt the basics, what’s next for them?
My previous book, 101 Ways to Pick Stock Market Winners, has been very well received and I’ve been told by fund managers that they keep it amongst their favourite books.
However it is no dry technical tome, like ADVFN’s Beginners Guide to Value Investing it is a straight talking, pithy handbook that boils down and makes assessable back investment ideas.
It’s a good follow on as it is packed with stock picking techniques to help investors select shares for their portfolio. Picking stocks is not just about spotting good companies; it’s also about discarding shares that aren’t right for you.
101 Ways to Pick Stock Market Winners is a tool box of techniques designed to help investors zero in on excellent shares.
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