Warren Buffett, perhaps history's greatest investor, once urged people to "be fearful when others are greedy and greedy when others are fearful."
This prompted one leading economist to make his top tip for 2013 outside of Wall Street. Who did he pick and why?
Online PR News – 30-December-2012 – London, England – When Peter B. Kenen, a leading international economist and an expert on the Eurozone, in his last media interview earlier this month, predicted that The Sports Trading Club is a rising star to follow in 2013, it got investors scrambling to learn what all the fuss is about.
“The stock market is seriously contemptuous of investors, whereas there is a truth and transparency to the STC,” said Professor Kenen, the Walker Professor of Economics and International Finance Emeritus at Princeton University, who taught at Princeton from 1971 until 2004, and continued to teach part-time until 2011.
“The key is for investors to align themselves with experts and professional analysts,” he said. “The recent success of the Sports Trading Club is a clear example of how the amateur investor can prosper and out perform any hedge fund.”
STC Europe Trading Manager, Mr Mark Archer said the appeal was largely due to a policy of total transparency.
“I believe the ability for investors to stay at home and watch every trade, in real time on the internet, is very appealing,” he said.
“It is all about sharing knowledge, being kept informed, and being treated with respect,” he said.
“It allows people to watch their money work, every second of every day and to understand what is happening.”
The Sports Trading Club has been voted the rising star for 2013