读新概念:Planning a share portfolio(l48 nce4)(Last)

*Lesson 48 Planning a share portfolio
There is no shortage of tipsters around offering ‘get-rich-quick’ opportunities. But if you are a serious private
investor, leave the Las Vegas mentality to those with money to fritter. The serious investor needs a proper
‘portfolio’ – a well-planned selection of investments, with a definite structure and a clear aim. But exactly how
does a newcomer to the stock market go about achieving that?
Well, if you go to five reputable stock brokers and ask them what you should do with your money, you’re
likely to get five different answers, -- even if you give all the relevant information about your age, family,
finances and what you want from your investments. Moral? There is no one ‘right’ way to structure a portfolio.
However, there are undoubtedly some wrong ways, and you can be sure that none of our five advisers would
have suggested sinking all (or perhaps any ) of your money into Periwigs.
So what should you do? We’ll assume that you have sorted out the basics – like mortgages, pensions,
insurance and access to sufficient cash reserves. You should then establish your own individual aims. These are
partly a matter of personal circumstances, partly a matter of psychology.
For instance, if you are older you have less time to recover from any major losses, and you may well wish
to boost your pension income. So preserving your capital and generating extra income are your main priorities.
In this case, you’d probably construct a portfolio with some shares(but not high risk ones), along with gifts,
cash deposits, and perhaps convertibles or the income shares of split capital investment trusts.
If you are younger, and in a solid financial position, you may decide to take an aggressive approach – but
only if you ‘re blessed with a sanguine disposition and won’t suffer sleepless nights over share prices. If you
recognize yourself in this description, you might include a couple of heady growth stocks in your portfolio,
alongside your more pedestrian investments. Once you have decides on your investment aims, you can then
decide where to put your money. The golden rule here is spread your risk – if you put all of your money into
Periwigs International, you’re setting yourself up as a hostage to fortune.

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This is the last lesson, I have finally finished reading NCE4.
Thanks for listening!
Thanks for all the comments on the post!
Thanks for all the support!

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• 天泽园，祝贺你读完了《新概念英语第四册》。 -林贝卡- ♀ (2925 bytes) () 04/25/2009 postreply 19:20:00

• Admirable, Tianze Park! -走马读人- ♂ (0 bytes) () 04/25/2009 postreply 19:26:36

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• Rebecca, Thanks for the lovely music and sweet words! -天泽园- ♀ (66 bytes) () 04/25/2009 postreply 20:32:42

• Congratulations! 天泽园, 林贝卡, 走马读人，周末快乐。 - -billnet- ♂ (0 bytes) () 04/25/2009 postreply 20:07:03

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• 绝美！好听！我也要了：） -戏雨飞鹰- ♀ (0 bytes) () 04/26/2009 postreply 13:26:37

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• 真不简单, 都读完了. -小谋- ♀ (0 bytes) () 04/26/2009 postreply 11:28:25

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