新概念4Lesson 48课件.ppt

Lesson 48 Planning a share portfolio ;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, ;youre 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? Well 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, youd probably construct a portfolio with some shares(but not high risk ones), along with gilts, 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 youre blessed with a sanguine disposition and wont 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 decided on your investment ai