CommSec 60 Seconds

Once you’ve started to build a portfolio... you need to manage it.
There’s no such thing as a 'set and forget' investment strategy. You need to be aware of your position, your strategy and adjust your portfolio as necessary.

Some of the key ways of managing your portfolio may include:

Company Research

Research is vital for buying and selling shares.
CommSec has a full range of research.
Subscribe to Market Bulletin and Research Insights.
Log on to commsec.com.au and click on Quotes & Research, then enter the stock code you’re interested in.
CommSec market updates are updated regularly throughout the day.

Diversification

Diversification simply means investing across a number of companies, industries and sectors.
This will help to reduce the risk to your overall portfolio if one of the companies doesn’t perform well.
With CommSec you can trade over 2,100 companies listed on the ASX, making diversificataion easy.
Exchange traded Funds (ETFs) give you instant diversification by buying a single stock in a portfolio of securities.
Share Packs.

Understand and maintain your strategy

The time and effort needed to maintain your investment strategy will depend on what strategy you have developed in the first place.
If you are taking a long term approach then you may not have to do much apart from keeping an eye on the ongoing performance of the company whose stock you hold.
If your circumstances change be ready to reassess your position and make adjustments to your investment strategy when appropriate.
As always, before you start do as much research as you can.

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