CHAPTER 12Why you need a strategy
If you are going to invest in shares directly, you need to have a strategy. Your strategy should reflect your own circumstances, responsibilities and tolerance for risk. Your professional adviser can help you in developing this strategy — and you should seek independent financial advice from your adviser before making investment decisions.
A strategy can be thought of as a set of rules or guidelines that are adhered to consistently over time.
The strategy is always the focal point — and remember: it is not really a strategy if you don’t adhere to it. But having a strategy does not preclude you from losses and it is during periods of adversity that your ability to stick to your strategy will be tested.
This ...
Get Starting Out in Shares the ASX Way, 3rd Edition now with the O’Reilly learning platform.
O’Reilly members experience books, live events, courses curated by job role, and more from O’Reilly and nearly 200 top publishers.
