Explore benefits of stock exchange investing

RICHARD Cluver will present a talk, ‘How to be a Billionaire’, at the next Kloof Rotary Business Updates meeting at Kloof Country Club on Tuesday, 28 August at 6pm.

The author of nine authoritative books on stock exchange investing in South Africa, Richard began his investment career at the tender age of 16 after making the startling observation that most blue chip shares moved through an annual price cycle.

“I realised that all I had to do was draw price graphs, and it should be fairly easy to spot when highly-rated shares, like Anglo American and De Beers, were cheap and when they were expensive.

“And back then, before the days of computers, it really was as easy as that. The share market paid for my university studies. It took me overseas, paid for some quite fancy sports cars and allowed me to pay cash for my home,” explained Cluver.

Cluver went on to become the financial editor of The Daily News in Durban, subsequently represented the Argus Group of newspapers at the International Monetary Fund in Washington and was for many years both an investment columnist and assistant to the editor in chief of Natal Newspapers.

With the advent of personal computers in the 1980s, Cluver converted his investment theories into a rudimentary share market analysis programme named ShareFinder, which he began marketing in 1988. So successful was this programme and his subscription investment newsletters that within a few years he was forced to resign from his newspaper career and devote his attention full-time to their further development.

Proof of success is that a pension fund, managed by Richard Cluver in association with Investec and Multilect Administrators, has been South Aftrica’s best performer since it was launched in 2002.

This is an opportunity to get an inside track on the benefits of stock exchange investing.

Contact Selwyn Comrie on 082 659 4659 to confirm your attendance. There is no charge; light snacks will be served and a cash bar will be available.