Three steps you must follow to successfully manage your investment portfolio

Simangele Mzizi, 15 Feb. 2013

Tags: investment portfolio, portfolio, portfolio manager, investment, investments, portfolio management



We’ve all been told at some point in our lives to “not bite off more than we can chew”. Keep this in mind when making money buying shares. It could make or break you as an investor. But according to Chief Investment Strategist for Red Hot Penny Shares, Francois Joubert by following a few simple rules and advice from the right quarters, you can make serious amounts of money in the stock market. Here’s his guide on how to become your own portfolio manager and succeed…


“A well-planned and managed investment portfolio can provide the cushion you need to comfortably survive a personal or economic crisis. Wise accumulation and management of an investment portfolio is a skill that can be learned and put to excellent use,” writes Victoria Duff in an article on TheNest.com.
 
If you’re planning to build and manage your own investment portfolio, here are a few factors Joubert believes you must remember especially when it comes to making investment decisions.
 
Three steps to successfully becoming your own portfolio manager
 
1. Keep your investment portfolio small and you’ll be safer even in times of volatility. “I like to have between six and ten shares in my personal portfolio at any one time. That way I can allocate more cash to each share and maximise my profits,” says Joubert.
 
2. Minimise costs and keep them low, by ensuring your broker is giving you the best deal. Keep this mind when deciding on the size of your investments.
 
3. Be patient. Rome wasn’t built in one day. So don’t rush to fill your investment portfolio in a month. Instead, do it over a period of time. Keep in mind that penny shares are volatile. If a penny share is out of your buy range, rather wait for the share price to come back into your buy range.
 
Following these simple steps will help you manage your investment portfolio efficiently and save you money. After all, not losing money should be your first rule of investing.
 

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