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Description of How to Build a Share Portfolio

Effective share portfolios for the private investor

Running an efficient portfolio of shares means buying and selling the shares that make the most sense for you, and at the right time and price. Rodney Hobson, author of the bestselling Shares Made Simple, sets out how to do this without having to be a financial expert or full-time trader. Using plain language, he takes the reader simply and logically through the process, giving helpful examples and real-life case studies at every turn.

In How to Build a Share Portfolio you can:

- find out how to determine the right objectives for your portfolio
- learn how to pick shares that fulfill your investment ambitions, and when to drop those that no longer do so
- understand how best to set your portfolio's size and ensure it is diversified against risk
- discover the best ways of monitoring your portfolio, and of reducing losses and rebalancing it when necessary.

Anyone who is thinking of investing, however much or however little, will benefit from the information, advice and guidance contained in this book. Similarly, those who already have a portfolio will find it helps them to stand back and reassess whether they are making the most of their money and whether their portfolio is meeting their needs.

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Title Information

ISBN:

9780857190215

Pages:

272 pages

Format:

Paperback

Product Code:

471705

Publisher:

Harriman House

Published:

14/03/2011

Edition:

1st Edition

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About Rodney Hobson

Rodney Hobson is an experienced financial journalist who has held senior editorial positions with publications in the UK and Asia, most recently as Editor of Hemscott, the financial news and information website.

Among posts he has held are News Editor for the Business section of The Times, Business Editor of the Singapore Monitor, Deputy Business Editor of the Far Eastern Economic Review, Head of News at Citywire and Editor of Shares magazine. He has also contributed to the Daily Mail, the Independent and Business Franchise Magazine.

He is registered as a Representative with the Financial Services Authority.

He is also the author of Shares Made Simple (9781905641451), Small Companies, Big Profits (9781905641789) and Understanding Company News (9781906659226).

Rodney is married with one daughter.

Contents of How to Build a Share Portfolio

Preface
Introduction

Part I - The Choice of Assets

1. The Range of Assets
What is a portfolio?
Shares
Cash
Gold
Gilts
Company bonds
Property
Works of art
Collectibles
Funds
Exchange Traded Funds
Summary comparison of assets
Costs
Mix and match
Why build a properly constructed portfolio?
Lessons learnt

2. The Attractions of Equities
Performance
Diversification
Foreign stocks
Lessons learnt

Part II - Building a Portfolio

3. Basic Decisions
Investing for income
Investing for growth
How many?
Pounds, not numbers
Sectors
Weightings
Over and under weight
Lessons learnt

4. Top Down and Bottom Up
Top down
Bottom up
Best of both worlds

5. Fundamentals
What to look for
Company analysis
Lessons learnt

6. Choosing Between Cyclicals and Defensives
Timing issues
Visibility of earnings
Cyclicals
Defensives
Lessons learnt

7. Investing for Dividends
Where to look for dividends
Dividend cuts
High payers
Dividends in dollars
Lessons learnt

8. Investing for Capital Growth
Growth companies
Value investing
Case Study: Dogs of the Dow
Lessons learnt

9. When to Invest
Bull or bear market
Volatile markets
Buying opportunities
Pound cost averaging
Lessons learnt

10. New Issues
Taken on merit
Pricing
Book building
Lessons learnt

11. When Share Prices Fall
Catching falling knives
Profit warnings
Lessons learnt

Part III - Managing Your Portfolio

12. Monitoring Your Portfolio
How often to monitor
Measuring performance
Benefits of monitoring

13. Stop Losses and Averaging Down
Stop losses
Averaging down
Lessons learnt

14. Adding to Existing Holdings 177
Changes in circumstances 178 Lessons learnt 180

15. Selling Existing Holdings
Keeping calm
Tracking news announcements
Taking some profits
Lessons learnt

16. Rights Issues and Placings
Right issues
Grandiose schemes
Rights issues at or near the market price
Placings and open offers
Special dividends and share buybacks
Lessons learnt

17. Takeovers and Demergers
Takeovers
Demergers
Lessons learnt

18. Costs and Taxes
Costs
Taxes

19. An Example Portfolio
Shares bought
Portfolio valuation (at start)
Dividends received
Issues faced
Lessons learnt

Index