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                Finance and Investment Ideas
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Some general rules of thumb picked up over the years. I hope they help.
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- Financial Advice
Seek your own personal finacial advice of course as always.

- Be careful of Financial Advisers and Share Brokers
If they are so good at making money why do they need yours ?
Ref: Edward

- Be careful of Share Broker buy or sell advice
Many get excited by hype but often don't know much more than you do.
Some make suggestions based on stock promotions or quotas. Including Initial
Public Offering (IPO) which they may be underwriting.
They may just need to uplift their monthly buy and sell commission. Specially
in a quiet market.
Ref: Edward

- You do't gain or lose on shares until you sell
The buying decision is often fairly easy. The selling decision is often fairly
hard.
Too many people count their quick gains but never realise them. If your
share value doubles sell half. Then you basically own the rest for free and
can do with it as you please.
Ref: Edward

- Do things by half.
If unsure whether to buy or sell a stock, do half. That way you only laugh
but also only cry half as much when you gain or lose :)
Ref: Edward

- How much of my portfolio should I allocate to bonds or term deposits.
The general rule of thumb is based on age. It assumes bonds and term
deposits offer lower but less volatile returns than stocks. 
Subtract your age from 100 and allocate that as the percentage figure to
stocks with the rest allocated to fixed interest investments.
Example: a 30 year Old would allocate about 70% to stocks (100-30).
As the investor gets older towards retirement the allocation to fixed
interest thereby increases as a way to to reduce overall portfolio risk and
volatility.
Ref:AusBiz, April/May 2023

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