all stock market participants are the holders of the securities, the aggregate of which is called a portfolio. securities portfolio - means any securities (shares of all kinds, bonds and other instruments) that are certain population and belong to the same person (natural or legal).
Usually, portfolio contains financial instruments and issuers of different levels.This is done to provide greater safety and protection against possible losses.Holders consolidates in its portfolio are often diametrically opposed to paper of various companies and organizations.Portfolio depends entirely on the policy owner.Also formed and portfolio companies.
Securities is a market in which it is important to have an intuitive feel for profit.The securities portfolio of individual owner has similarities with portfolios of other owners.They are in the initial choice of direction and principals according to certain criteria.
investor behavior may be different.The above case is called building a portfolio protection.In other words,
counterbalance this approach is aggressive portfolio - a certain set of documents acquired by the owner of which against them expects a sharp increase in the course.However, such expectations are only predictable, so the formation of an aggressive portfolio is always fraught with serious risks.You have to understand that the more chances of getting money ambulances, the more likely to get into illiquid zone.
balanced portfolio - is formed by a set of securities that, according to the ideas of the investor rationally combines reliability, liquidity and profitability.
choice of strategy of the investor depends on the state of the market and his personal beliefs.The market portfolio is a separate product.The main principles of formation maloriskovogo portfolio are as follows.This is the principle of conservativeness (possible risks are covered by income from reliable investments and assets), the principle of diversification (estimated low income of the securities may be offset by higher revenues on the other side), the principle of sufficient liquidity (the share of the Quick incomes must not fall below a level sufficient tohigh-current transactions).
optimal portfolio consists of such assets, which are characterized by minimal risk in comparison with other types of portfolios.The measure of risk - is the standard deviation, which characterizes the probability of deviation from the expected rate of return on value.Risk and expected return are two optional parameters of any portfolio.
Today the stock market in Russia is developing quite rapidly.There are new stock markets, issued new securities, increasing the annual volume of transactions with them.In such circumstances, the most reasonable behavior becomes a policy of creating the optimal portfolio.There is some mathematical model, which allows you to find the optimal portfolio structure.You can use it to calculate the amount that should be invested in a portfolio.Mathematical model allows you to see the ratio of shares and the expected income in percentage terms.
There are two approaches to the selection of securities - a technical and fundamental analysis.The first is connected with the study of prices, the second - the general economic situation.
