Preface
Introduction
Chapter 1. The
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
Chapter 2. The Attractions of Equities
Performance
Diversification
Foreign stocks
Lessons learnt
Chapter 3. Basic Decisions
Investing for income
Investing for growth
How many?
Pounds, not numbers
Sectors
Weightings
Over and under weight
Lessons learnt
Chapter 4. Top Down and Bottom Up
Top down
Bottom up
Best of both worlds
Chapter 5. Fundamentals
What to look for
Company analysis
Lessons learnt
Chapter 6. Choosing Between Cyclicals and Defensives
Timing issues
Visibility of earnings
Cyclicals
Defensives
Lessons learnt
Chapter 7. Investing for Dividends
Where to look for dividends
Dividend cuts
High payers
Dividends in dollars
Lessons learnt
Chapter 8. Investing for Capital Growth
Growth companies
Value investing
Case Study: Dogs of the Dow
Lessons learnt
Chapter 9. When to Invest
Bull or bear market
Volatile markets
Buying opportunities
Pound cost averaging
Lessons learnt
Chapter 10. New Issues
Taken on merit
Pricing
Book building
Lessons learnt
Chapter 11. When Share Prices Fall
Catching falling knives
Profit warnings
Lessons learnt
How often to monitor
Measuring performance
Benefits of monitoring
Stop losses
Averaging down
Lessons learnt
Changes in circumstances
Lessons learnt
Keeping calm
Tracking news announcements
Taking some profits
Lessons learnt
Chapter 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
Takeovers
Demergers
Lessons learnt
Costs
Taxes
Chapter 19. An Example Portfolio
Shares bought
Portfolio valuation (at start)
Dividends received
Issues faced
Lessons learnt
Index