Sunday, 09. 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.
Another F1 Driver Hospitalised by Ski Accident
Austrian Formula 1 driver Gerhard Berger, 54, suffered a broken hip and has been hospitalised after suffering an accident very similar to that of fellow ex-driver Michael Schumacher.
Austrian Relieved To Only be Dead On Paper
Austrian man Christian Kozel, 29, discovered he was dead when uniformed police officers turned up at his home in Salzburg at the weekend.
What is on at Burg Kino this week (7 March - 13 March)
See what films are on this week at the Burg Kino on the Opernring.
Police catch graffiti-villain of Vienna
A graffiti sprayer, named "Puber" has been one of the main "villains" of Vienna for almost a year. He has filled almost the half of the city with his drawings. Now, a suspect, alleged to be the notorious sprayer himself is in the police custody of Vienna and may face up to five years in prison.
Apartment sales drop in Austria
According to the brokerage firm Re/Max, the number of the real estate sales in Austria has declined around 8.3% in the last year. The exact number of properties which were sold and bought accounts to over 80,000 units, which translates into 16 billion euros. Apartments were the most popular type of property sold last year, accounting for 28,000 of the units sold, but there has still been a 9.3% decrease from the last year.
McDonalds boom in Austria
McDonald's in Austria generated 560 million Euros in sales in 2013 after introducing more branches and expanding it's product range.
Exhibition takes you on a journey with Sigmund Freud
To mark the 75th anniversary of Sigmund Freud's death, the museum dedicated to him in Vienna is holding an exhibition looking at Freud's journeys around the world, including his final one that saw him flee National Socialism in 1938.
Plastic replacing fish in the Danube
The Danube is so polluted that there are now more plastic particles than fish larvae in the water according to new research.
Ladies skiing offer at Stuhleck this weekend
In celebration of International Women's Day on Saturday 8 March, the Stuhleck ski resort in eastern Austrian is giving female skiers discount prices on ski passes.
Rediscovered 'degenerate' painting on show at Belvedere
A painting that was rediscovered in 2012, decades after it was seized by the Nazi's for being 'degenerate', is on display at the Belvedere Palace in Vienna.
The most popular stories –
last 7 days
|Veggies suffer more health problems say Graz researchers|
|Austria releases list of Ukrainians to have assets frozen|
|Vienna first city to be granted personal domain name|
|Terrifying high speed dash for British school ski group|
|Animal rights group protest against Burberry fur in Vienna|
Why suffer in silence. Let off steam by letting our readers share your troubles. File your complaints about anything and everything here.
Our ombudsman David Rogers will try and help solve some of the problems from lazy civil servants through to incompetent companies – and at the very least the worst transgressors will end up in our weekly special report.