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Management of Investment Portfolio

Hi,

I'm new to this so am looking more for guidance on where I need to be looking. I have an amount of shares in a privately listed company which is planning to list publicly in the coming year. These shares have grown substantially over the 7 years I have owned then, however there has been little volitility due to the private nature of the holdings. When they publicly list the volitility will obviously increase especially in the current market here in Australia.

I am not interested in playing the stock market ongoing as it requires too much focus to keep track of where things are at so I am now considering my options moving forwards...

What I am looking for is the type of business or person I need to be speaking to help me with this decision...

I guess, what I would like is to hold onto them and potentially diversify them however, would be looking for someone to manage and do this for me. Potentially I would be looking to execute half of them and pay off some of my mortgage and then use the rest in low risk blue chip stocks, focussing in long term growth.

Am I looking for a financial advisor? a stock broker? Where should I be looking?

Thanks

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Reply to
shannon.whitty
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The answer may depend on the dollars involved. I'd first suggest a bit of reading, starting with "Personal Finance for Dummies", and "The Intelligent Asset Allocator". Even when someone is certain they wish to hire someone, I suggest first reading so you understand what's going on, otherwise you are taking your life savings and going in blind. Often you find that a mix of just a few investments (stock index funds, bonds, cash) are enough to be diversified, yet simple enough to understand. Once you find the right mix for your comfort level, you can maintain that mix by re-allocating once per year. This isn't as tough as it can seem to a new investor and can save quite a bit in expenses. When i say index funds, I either mean a low cost (.10%) mutual fund or ETF based on a stock index.

Joe

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-------------------------------------- Misc.invest.financial-plan is a moderated newsgroup where Moderators strive to keep the conversations on-topic for financial planning. Other posting guidelines include a request for brevity and another for trimming posts to which we respond. For all of the other tips and suggestions, see "FROM THE MODERATORS: Posting to misc.invest.financial-plan", a weekly post now on the Newsgroup.

Reply to
joetaxpayer

Where should I be looking?

In addition to what Joetaxpayer has suggested, I'd like to point out that if you have never approached the stock market, you cannot know how much time it takes to keep track of companies. One of Peter Lynch's better-known statements said 45 minutes a week is sufficient. You should indeed diversify your investments, and if you know your company is going to do well in the future, leaving 50% seems like a plan, but be aware that if you have inside information your future sales may be regulated. Any 'manager' or 'fund' is also going to be subject to market fluctuations, and may not do as well as you might by selecting your own portfolio of blue chips. Read and learn before you leap.

-------------------------------------- Misc.invest.financial-plan is a moderated newsgroup where Moderators strive to keep the conversations on-topic for financial planning. Other posting guidelines include a request for brevity and another for trimming posts to which we respond. For all of the other tips and suggestions, see "FROM THE MODERATORS: Posting to misc.invest.financial-plan", a weekly post now on the Newsgroup.

Reply to
dapperdobbs

Blue chip stocks aren't necessarily safe. However you invest your money you will have to have a good understanding of investing.

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should have most of the information you need.

-- Ron

-------------------------------------- Misc.invest.financial-plan is a moderated newsgroup where Moderators strive to keep the conversations on-topic for financial planning. Other posting guidelines include a request for brevity and another for trimming posts to which we respond. For all of the other tips and suggestions, see "FROM THE MODERATORS: Posting to misc.invest.financial-plan", a weekly post now on the Newsgroup.

Reply to
Ron Peterson

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