How to manage your portfolio?
Portfolio Management
We turn towards the stock market expecting to make big money. Yet a majority of times we fall prey to over enthusiasm and frenzy. The trouble is that many investors add more and more stocks to their portfolio in the hope that the bulk will give way to bigger bucks. Yet stocking up on useless investments is likely to take you ten steps backwards rather than two steps forward.
Investing is an art form. It takes knowledge about the stock market, but more importantly it requires a strategy. The top investors don't get there by hoarding, but instead know the value of a strategized approach.
While it may take some time to become an ace investor, you can start with the basics and work your way up from there. The first step to succeeding in your money-making goal is to systematically create a portfolio which works for you best.
YOUR INVESTMENT PORTFOLIO
A portfolio is essentially a record of your gains and losses. Any asset which can ultimately procure a profit, such as real estate, stocks or other investments is considered part and parcel of this compilation of your worth.
Building up a healthy investment collection is a step by step process. The art of creating a profitable portfolio lays in tailor-making it to fit the goals and limitations of the investor. Before you begin to select your investments, you must determine how tolerant you are of the risk involved. If you base your decisions on your risk profile, it will guarantee you some peace of mind. Another point to consider while creating your portfolio is that diversification is your safety net. Having a good mix of investments is the key to minimizing risk while building up your...........Read More
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