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Posted by on September 22, 2008, 5:11 am
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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Posted by joetaxpayer on September 22, 2008, 8:55 am
shannon.whitty@gmail.com wrote:
> 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...
>
> Am I looking for a financial advisor? a stock broker? Where should I
> be looking?
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
www.blog.joetaxpayer.com
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Misc.invest.financial-plan is a moderated newsgroup where Moderators strive
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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
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Posted by dapperdobbs on September 22, 2008, 11:33 am
On Sep 22, 5:11 am, shannon.whi...@gmail.com wrote:
>
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.
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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
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Posted by Ron Peterson on September 22, 2008, 2:10 pm
On Sep 22, 4:11 am, shannon.whi...@gmail.com wrote:
> 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.
Blue chip stocks aren't necessarily safe. However you invest your
money you will have to have a good understanding of investing.
> Am I looking for a financial advisor? a stock broker? Where should I
> be looking?
http://www.fpa.asn.au/ should have most of the information you need.
--
Ron
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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.
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