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Long-term investors advised to diversify

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19/12/2007

Concerns about the credit crisis, inflation and oil prices will continue into 2008, but shouldn’t deter investors, according to stockbrokerage Edward Jones.

Consumers should meet with a financial adviser early next year to review their portfolio, Edward Jones has advised. Investors should aim for a diversified portfolio of quality holdings and need a plan to stay invested during choppy markets, said Kate Warne, market strategist at Edward Jones.

She added: “If you own individual shares, review the financial services shares you own to evaluate their suitability in your portfolio. We suggest selling those companies whose businesses are not well-diversified and reducing the proportion of financial services in your equity portfolio to no more than 17% if needed to remain properly diversified.

“Instead of making specific predictions, we believe the best investment approach is to build a portfolio that includes a wide variety of quality investments. Some will do well, while others will do poorly over the short term. Regardless, a well-diversified portfolio of quality investments has historically grown over time with less volatility.”

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