The Share Centre: Invest in 2011
Wednesday, 22 December 2010 12:00
Britons are being advised to build an investment portfolio in 2011 to generate income, grow share value or create profits when selling.
The Share Centre suggests moving into investing can be a great way of building a nest egg for retirement or producing some extra money, as long as a measured approach is used.
Nick Raynor, investment adviser at the firm, recommends consumers to do their research before taking stakes in a company and bear in mind factors such as supply and demand, which can impact on the price of shares.
It's also wise to consider the amount of control needed to manage the shares and keep an eye on the allocation of assets.
Reviewing a portfolio is also an important consideration to reduce the risk of loss, with the measure preferably being carried out on a quarterly basis.
Mr Raynor added that becoming a successful investor "takes time, dedication, research and practice", but it can be a great way of making sure next year is even better than the last.
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