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Subject:
Investment Advice
Category: Business and Money > Finance Asked by: shamill-ga List Price: $7.00 |
Posted:
24 Jan 2005 11:24 PST
Expires: 23 Feb 2005 11:24 PST Question ID: 462542 |
Should I change the investments in my portfolio? |
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There is no answer at this time. |
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Subject:
Clarify
From: lionfish42-ga on 01 Feb 2005 13:24 PST |
First....you need to tell us what does your portfolio consist of. Second...what are your objectives? (growth, income, principal protection) Third...it is going to cost you more than $7 for portfolio advice, unless you are looking for something simple like..."Yes, you should change it!" |
Subject:
Re: Investment Advice
From: glory21-ga on 08 Feb 2005 06:52 PST |
Another small problem lionfish failed to mention is that is illegal for anyone to give "professional" investment advice until they have dicussed various preferences and objectives of you investing strategy with you. |
Subject:
Re: Investment Advice
From: roberthh-ga on 11 Feb 2005 12:38 PST |
If you are asking this question on a Google-Answers message board. The answer will undoubtably be yes. Another thing, is that it is not illegal to give investment advice as long as you specify that you are not a proffesional investment advisor and that it is just your opinion. Just like you can tell someone that they need antibiotics as long as you don't pretend to be an actual doctor. |
Subject:
Re: Investment Advice
From: martin_gale-ga on 20 Feb 2005 11:39 PST |
Clearly you have not given us enough information. We need to know your life situation: Will you be needing money from your investments soon? Do you have the ability to generate an income on an ongoing basis? How many years are you from retirement? Whether your investments are appropriate really depends on whether they satisfy your financial plan. So, you first question should be, do I need to draw up a financial plan? The answer is YES. The in-general answer to your question is NO. You should not just change the investments you hold for no reason. Doing so will cost you money. You will pay fees on every transaction, and if there is no good reason for doing so, it's a dead loss. In general it is better to sit on the investments you have and change the structure of your portfolio by deciding what to do with new money that you add to it. Of course you should rebalance from time to time, but you must have a financial plan to tell you how and when. Here is a link that further explains why, in general, you should NOT change your investments: <a href="http://www.efficientmarket.ca/article/Buy-And-Hold">Efficient Market Canada -- Never Sell a Stock</a> |
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