Chris is the CEO of Stockspot, an online investment advice service. He has over 21 years of investment experience (say what! 😱) and spent most of his career as a Portfolio Manager at UBS.
He’s written some seriously good articles on investing on the Stockspot blog, my current favourites being these ones:
💵 The different roles shares, bonds and gold play in your portfolio
💵 When is a good time to invest?
Who or where did you learn your money habits from?
Mostly from my parents. They taught me to invest first and spend what’s left over. Many people do it the other way around and then wonder why they have very little left to invest.
Are you happy with your current financial situation? Is there anything you would like to change?
Building a business is emotionally and financially draining, but Stockspot is now 5 years old, so I’m feeling a little less stressed.
What is the best financial advice you have received?
Res tantum valet quantum vendi potest. It’s Latin for ‘A thing is worth only what someone else will pay for it’. It perfectly captures the importance of cycles and psychology when investing.
Is there any financial advice that you would like to receive? Or any topics that you would like to learn more about?
I’d like to learn more about the history of financial markets. People tend to repeat the same mistakes so learning from the past is one of the best ways to identify patterns when they repeat.
If you were given $1 million AUD, what would you do with it?
It would all go into low-cost exchange traded funds (ETFs) across a range of different assets. That’s the smartest way I’ve found to grow wealth.
It’s also the reason I built Stockspot – selecting and investing in ETFs is how we help clients. People take too much risk buying individual stocks or leave their cash in the bank, which is even more dangerous in the long run since bank interest won’t keep up with the price of things you want to buy.
ETFs and automated investing can help novice and expert investors grow their wealth without worrying, from $2,000 to $1 million or more.
If you’re interested in getting involved or know someone that I should interview, please get in contact!