Chapter 4
Asset classes and portfolio construction
Be fearful when others are greedy and greedy when others are fearful.
Warren Buffett, investment guru
A multitude of investment choices is available to you. The magnitude of choice can cause what I call ‘investor ineptness’: a dangerous situation where you can be so confused by the sheer volume of choices that you end up doing nothing because doing something is simply too hard and time-consuming.
It’s so important to bring your focus to the achievement of your needs, goals and objectives and select investments appropriate to your situation. If you already have investments, this is the time to reassess their appropriateness and perhaps make some changes.
In a recent Australian Securities Exchange ...
