One of the UK’s most successful private investors Lord Lee of Trafford, talks to the knowing Your Business show about investing in the stock market. Author of the book ‘How to Make a Million Slowly’.
Born in Manchester in 1942, he bought his first shares at the age of 15.
After qualifying as a chartered accountant and spending a period in stockbroking, he established a company specialising in amalgamations and mergers, which developed into a small public investment banking group.
He was an FT journalist for 15 years and wrote about his investment portfolio in his column “My Portfolio”, where he developed a loyal, and vocal, following.
He was a conservative MP from 1979 to 1992, including six years as a Minister in Defence, Employment and Tourism.
Following his defeat in the 1992 election he chaired the Christie Hospital NHS Trust and the Museum of Science and Industry in Manchester, becoming High Sheriff of Greater Manchester in 1998–9.
In 2006 he was made a Life Peer and sits in the House of Lords as a Liberal Democrat where his interests include defence, tourism, trade and industry.
In 2003, he became the UK’s First ISA millionaire. The value of his ISA has since grown significantly.
Lord Lee explains in this 1:03 second clip about his first ever investment. It went down with the ship!
The £45 investment that sank to the bottom
Lord Lee draws a with golf in this 1:15 second snippet
Focus on the long term
In this 1:23 second clip Lord Lee suggests there are only two things you need for good stock market investment
Two things plus enough money
Lord Lee mentions that investing in quoted companies with family involvement usually means the board’s interests are more closely aligned with those of private investors.
The heritage they have inherited
Hear the FULL interview.
Lord Lee filled us with common sense
How to Make a Million Slowly: By Lord Lee
My Guiding Principles from a Lifetime of Successful Investing (Financial Times Series).
You can purchase by click this link How to Make a Million Slowly
This weeks Knowing Your Business show was presented by Ian Gentles and guest presenter Judy Mansfield.
Ian Gentles Digital Marketing Specialist based in Banbury Oxfordshire, The founder and Digital Marketing Manager of Knowing Your Business (the business radio show that is a rather useful marketing vehicle with podcasts)
Helps Business towards – increasing their (on and off line) sales and boosting their business reputation. Deals in the aspect of digital communication strategy concerned with understanding market opportunities, cultivating markets and customers, and generating awareness and demand for product and services.
Often known as somebody who spends at lot of time in online social spaces who also have a deep interest in the spaces where technology, culture and big ideas overlap.
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Judy Mansfield – Gifted public speaker. After 35 years of being salaried, now loving being self-employed. Married, one husband, 2 cocker spaniels, and an unrequited love for Rod Stewart
Tagline: Trying to ‘make a difference’ each day.
In the day job Judy is a professionally trained Independent international Celebrant, holding a Diploma in both Marriage and Funeral Celebrancy. She is available to carry out Celebrancy services internationally.
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