Commonpitfallsofinvestors--mistakesinvestorstendtomake

1、 commonpitfallsofinvestors-mistakesinvestorstendtomake 陈美凤bygohmuihongstockpriceshavefallenconsiderablyduringthecurrenteconomicmalaise.althoughthereistheriskthatstockmarketsmaynothavebottomed,thecurrentlowstockpricesofferanopportunityforretailinvestorstograduallyinvestinselectedbluechipstocksthatmay

2、havepreviouslybeenoutofreach.intheeventthatyoudecidetoinvest,hereisalistofpitfallsyoushouldavoid:inadequateassetallocation-assetallocationistheprocessofdividingyourpoolofmoneyamongdifferentassetclasses,e.g.betweenincomeinvestmentssuchasfixeddepositsandbondfunds,andgrowthinvestmentswhichwillincluderi

3、skierinvestmentssuchasstocksorphysicalproperty.theformerisconsideredthesaferoption,howeverbondfundsareriskierthanfixeddepositsalthoughtheymayofferahigherreturninthelongrun.growthinvestmentsaremorevolatileandhavebeenverypopularinsingaporebecausetheyofferthepotentialforhigherreturns.themistakemostinve

4、storsmakeistoputmostoftheirmoneyinoneformofinvestment,saystocksorproperties.asaresult,whenthepropertyandstockmarketsdecline,theseinvestorsareinanextremelyvulnerableposition.itisalwaysprudenttokeepasideatleastenoughcashtoprovideacushionofaboutmonthsmonthlyincomeasasafeguardagainstsharpdeclinesinthest

5、ockandpropertymarketsorintheeventthatyouneedcashurgently.lackofdiversification-havingdecidedthatyouwanttoputasidesomemoneyinaninvestmentportfoliocomprisingsayequities,youshouldalwaysaimtodiversifythestockswithinyourportfoliosoastominimiseyourriskexposuretoanyonestock.notonlyshouldyoudiversifybetween

6、stocks,youshouldalsodiversifybetweendifferentindustrysectors,andifresourcespermit,withindifferentgeographicalregions.thiswouldreduceyourriskexposureshouldanyonecompanyorsectororregionsuddenlyexperienceasharpdecline.ifyouareafirst-timeinvestor,youmaynothavemuchfundsatyourdisposal.thepurchaseofonestoc

7、kalonecouldutilisethebulkofyourinvestiblesavings.onewaytodiversifyistoinvestinunittrustswhichusuallycostabout$perunitwhenlaunched.theseunittrustsareinvestmentportfoliosmanagedbyaprofessionalfundmanager.asthefundmanagerpoolsthefundsfrommanyinvestors,hecaninvestinadiversifiedportfoliothatofferslowerri

8、sk.unittrustsmayalsoenableinvestorstodiversifyacrossregions,e.g.aeuropeanfundpairedwithanasiapacificfund,orbetweenassets,e.g.investingunderanumbrellafundinanequityfund,abondfundandamoneymarketfund.markettiming-someinvestorstryto”time”themarket,i.e.waitingforthemarketpeaktosellandbottomtobuy.suchstra

9、tegiesaredifficulttoimplementevenfortheprofessionalfundmanagers.youmayalsoincurhighertransactioncostsasaresultofsuchastrategy.investmentsshouldbemadewithalong-termview.theupsanddownsinthemarketcanbemadetoworkinyourfavour.ifyouthinkastockisgood,youcanpickitupinsmallamountssothatyouaverageoutthecostof

10、theinvestmentovertime.forexample,buyinglotofstockeachmonthovera-monthperiodatsay$.,$.and$.and$.wouldresultinanaveragecostof$.lettinggo-ifyouhavemadeabadinvestmentdecision,doconsidersellingthestockevenifitresultsinaloss.themistakesomeinvestorsmakeisintryingtoaveragedowntheirlossesbybuyingthestockagai

11、natalowerpricewithoutanalysingthecauseofthedecline.thepriceofthestockmayhavefallenduetothedeteriorationofthecompany”sfinancialposition,poorbusinessprospects,orpotentiallawsuits.ifthestockisnotgood,youareessentiallythrowinggoodmoneyafterbad.herdinstinct-someinvestorsbuyshareswhentheyseehecticbuyingin

12、themarketbyotherinvestors,i.e.chasingthepriceofthestockup.hugepricefluctuationscanoccurandfadeveryquicklyleavingnaiveinvestorsstrandedandholdingontostockspurchasedathighprices.inadequateresearch-beforeyouinvestinanything,youshouldfamiliariseyourselfwiththeinstrumentsandtheirrisks.suchinformationcanb

13、eobtainedfromnewspapers,financialmagazinesorevenontheinternet.forexample,inthecaseofstocksyoumaywishtoaskyourselfthefollowingquestions:doesthecompanyhaveagoodmanagement?whattypeofbusinessisthecompanyin?doesthebusinesshavegrowthpotential?doesthecompanyhaveagoodprofittrackrecord?whatareitsprospects?ho

14、wvolatileisthecompanysstockprice?ifthepriceofthestockisvolatile,willyoubeabletotoleratetheriskifthepriceofthestockriseordeclinesharply?(thewriteristhechiefexecutiveofficerofoubassetmanagementltd.thisfortnightlyseriesonunittrustinvestingissupportedbytheinvestmentmanagementassociationofsingaporeandthestockexchangeofsingapore.)投资者常犯的错股票价格因为当前的金融危机已大幅度下跌。虽然目前还不肯定是否已见底，但小投资者还是可考虑趁目前的低价买进一些从前遥不可及的蓝筹股。如果你决定投资了，应避免犯以下的错误：资产分配不足：你把资金分配于不同等级的资产，例如带来固定收入的定期存款和债券基金，或是具增值