DINEO TSAMELA: Four steps to setting up your DIY investment portfolio
Guidelines portfolio managers use that you can try to incorporate into your personal portfolio management
The rise of do-it-yourself investing has taken an exciting turn in South Africa. As more and more brokers make share investing accessible, people are taking an active interest in managing their own investments. DIY investing requires a lot of work. Managing your own money isn't easy, and losing it hurts. Simply picking the right stock is not enough. You need to have a plan. Not everyone has the time to do a portfolio-management course, especially if they just want to learn to manage their own little portfolio. However, there are guidelines portfolio managers use that you can try to incorporate into your personal portfolio management to get the results you want. Portfolio management consists of four broad phases. The first step in the process is your investment strategy. This is the plan you put in place, based on your goals and the outcomes you want. You can use the "smart" goal-setting approach for goals that are specific, measurable, attainable, relevant and timely. You need to un...
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