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The Reserve Bank has published online a 64-page booklet written by Mary called "Upside, downside – a guide to risk for savers and investors".You can read or download the booklet from the Reserve Bank’s website by clicking here.
Contents of "Upside, Downside - a guide to risk for savers and investors"
FIRST, SOME IMPORTANT POINTS:The one high-return, low-risk 'investment'
Risk is not a dirty word
RISKY BEHAVIOUR:Investing in something you don’t fully understand
Investing in companies that get into trouble
Investing in too few different types of assets
Failing to diversify within each type of asset
Failing to diversify over time
Putting short-term money in volatile investments
Buying investments that are hard – or expensive – to get out of
Expecting past performance to continue
Listening to old-timers
Forgetting about inflation
Taking foreign exchange risk – or not taking it when you should
Responding to ads or offers made in phone calls, seminars or courses
Being overconfident about your ability to trade investments or time markets
Taking on more volatility than you can cope with
Letting your emotions rule your investment decisions
Taking on more work or worry than expected
Counting on dividend income
Paying too much in fees and other expenses
CONCLUSION:Putting it all together – don't be put off
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