There is no shortag
>dual sime of tipsters around offering ‘get-rich-qu
>Electrical motorick‘ opportunities. But if you are a serious private
>Dental Laboratory Equipment 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 t
>car dvdo the stock market go about achieving that?
Well, if you go to five re
>custom made suitsputable stock brokers and ask them what yo
>bag wateru should do with your money, you‘re likely to get five different answers, -- even if you give
>Infrared Camera all the relevant information about your age age, fam
>stainless steel pipeily, 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
>outdoor sculpturehave sorted out the basics -- like
>eyeglass framesmort
>Dining room furnituregages, 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
>oil water separatoryou are older you have le
>mer
>Dining tablery go roundss 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 con
>air dryerstruct 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 ap
>train hornproach -- but only if you‘re blessed with a sanguine disposition and won‘t suffer sleepless nights over share prices. If portfolio, alongside your more pedestrian in vestments. Once you have decided on your investment aims, you can then
>custom made suits 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.
*‘Periwigs‘ is the nameEd hardy clothing
of a fictitious company.
INVESTOR‘S CHRONICLE, March 23 1990
