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Great site Kenny.

Technical Analysis written in a straightforward way so that everyone understands.

There's only a small few who get it consistantly correct and you are certainly in that group. Chris

Thanks for putting this all together and sharing! BHW

Awesome Stuff! Kenny has shown time and time again the ability to show us direction in these markets. Khalsa

Kenny, I appreciate your insight and analysis. You make sense of what I can rarely see.

Thanks for sharing.

Took a gold short at 1240 just closed at 1203 :-)))))))))))))))))) ........ top call!!  Gekko

Rodney Hobson: Shares Made Simple

A beginner's guide to the stock market - Part 1

Rodney Hobson: Shares Made Simple

Rodney Hobson, author of Shares Made Simple: A beginner's guide to the stock market, talks to Kenny of Shares Made Simple is one in a series of Rodneys books which sets out to give the beginner small investor a helping hand by taking the reader, step by step through some of the most basic concepts of stock market investing.

Rodney, who is also registered with the FSA,  is a highly respected financial journalist and author who has held many senior editorial positions in his time, positions held  include spells as:

  • News Editor for the Business section of The Times
  • Business Editor of the Singapore Monitor
  • Head of News at Citywire
  • Editor of Shares magazine
  • Deputy Business Editor of the Far Eastern Economic Review

Buy Shares Made Simple at AmazonBuy Shares Made Simple at Amazon

The Rodney Hobson Interview

Kenny: Hello Rodney and thank you for taking the time to talk to as it looks as though you have been extremely busy. A new book out each year, one out this year already and another on its well as the financial columns that you write for, how do you find the time?
Rodney: I enjoy my work and much of what I write flows naturally. The stock market is so exciting that there is always plenty to write about so I am never struggling for ideas.
Kenny: Shares Made Simple is described as a beginners guide to the stock markets. Who do you write for, who is your typical reader?
Rodney: I write first and foremost for beginners and unsophisticated investors. I realised from the phone calls I received when I worked on on the City desks of The Times and the Daily Mail that many people who acquired shares through privatisations and the conversion of building societies to banks simply did not understand what shares were or what rights they conferred. Thousands, perhaps millions, of investors in this country just need some basic help and guidance.

 Author of Shares Made Simple: Rodney Hobson
Kenny: How much appetite is there these days for individuals to take control of their own finances and to become a private investor?
Rodney: I'm sorry to say that most people are just too scared. That is a pity because it is possible for anyone who is literate and numerate to invest in their own right. The playing field is not entirely level but it is not difficult to compete with the professionals if you have a little basic knowledge.
Kenny: Is it as popular a choice as it once was, has the number of people becoming private investors increased or decreased in recent years, and why do you think this is?
Rodney: I think that the number of private investors has grown over the years for several reasons, most notably the arrival of cheap online investing and the spread of well presented information in newspapers such as The Daily Telegraph, The Times, The Independent and The Daily Mail.
Kenny: What effect, if any, has the events affecting the markets over the last few years had on the mindset of small private investors? 
Rodney: Unfortunately, every time there is a dramatic fall in share prices a lot of investors are scared off and we take a huge step backwards. Yet this is the time to be looking to buy in, while shares are cheap. I have been trying over the past four years to persuade private investors to buy on the dips and go for solid companies paying a solid dividend. I believe that this message is getting across. 

Kenny: Why do you think that people want to become self investors, what are their motivations? Wouldn't it be much easier just to let a trained financial advisor make the tough decisions?
Rodney: It is much easier to hand over your cash to an adviser than to make your own decisions but you lose out on all the fun and the sense of achievement and satisfaction.
Kenny: What are the main benefits to be enjoyed from making our own investment choices?
Rodney: Only you know what you want from your investments, how actively you want to invest and what level of risk you want to take. Even if you don't do quite as well as the expert you are saving on the fees the adviser charges, so you can end up better off.

An adviser may put you into investments that pay him or her an introduction fee, which is great for the adviser but is not necessarily best for the investor.
Kenny: What about the main pitfalls, what are the most common mistakes that individuals make?
Rodney: Buying at the top of the market and selling at the bottom is the most common mistake. There is a great temptation to hold back for too long then to pile in too late. Have the courage of your convictions.

Failing to do a bit of basic research leaves you vulnerable although I think that taking it all too seriously, poring over facts, figures and charts for half the night, is counterproductive.

The other big mistake is to think that rises and falls in the stock market are the be all and end all of investing. Dividends are far more important as they give you bigger gains in a rising market and offset your losses when shares fall.
Kenny: OK, I have no real knowledge of the markets other that what I see on the news and have read in the newspapers, but I have heard that there is a lot of money to be made from trading in the stock market - where do I start?
Rodney:   .......Continue to Shares Made Simple: The Rodney Hobson Interview Part 2

Shares Made Simple by Rodney Hobson

More Books by Rodney Hobson

Shares Made Simple by Rodney Hobson

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