Plz convey what does a RELATIONSHIP MANAGER (MUTUAL FUND)do?
Question:
plz tell details
Answers:
It is lately a fancy name for Salesman.
1. Client Acquisition and maintain relation with them for tentative business
2. Maintaining relation with existing clients
3. Generating unmarked business
4. Organize marketing activity to attract brand new customer /corporate
5. Must have fluency of portfolio management, casa, equity,commodity,riches management,pcg, ebroking,MF.
Tries to convince brokers to recommend the fund(s) to their clients, and tries to convince institutions to invest within the fund(s). Usually done via presentations, lunches, and speaking engagements. Requires travel.
If I believe that the Chinese stock flea market is around to implode...?
Question:
If I believe that the Chinese stock market is just about to implode, where would be the best place to put my money to bring back the greatest return?
Answers:
If you believe the Chinese market is more or less to crash, you should probably put all your money surrounded by a shoebox and not watch. However, Dean LeBaron, Chairman Batterymarch Financial Management not long said;
"Opportunities in China are individual, the size of China is unique, and the step of activity that I own seen contained by the last 12 years is individual. China has the opportunity to experience tremendous growth contained by its stock markets, greater, probably, than in the shield of my country, the United States. For instance, it is reported by some that the growth in Shenzhen, during respectively of the last 12 years, have been 45%. The U.S. stock open market is fully advanced and will not experience that same degree of genuine growth. Regardless of the current difficulties of its stock markets, if China is competent to maintain the step of its economic growth, the adjectives of the Chinese stock markets is exceedingly bright."
Markets dance up & down over time, but generally rise at 10-12% long-term. The Chinese open market will likely average annual returns of 25-30% over the subsequent 3-7 years, but you are under no must to participate! China is not going to "walk away"!
Sell your Chinese stocks and short the index.
Do a short sell of the stocks you reflect on are about to implode.
If the Chinese stock flea market implodes all other market will experience a severe downturn as well. Get out of adjectives stocks and put your money in brass. Then after it implodes you can buy stocks cheap and make a massacre.
The problem with this goings-on is that if you are wrong you lost out on a big opportunity to profit from a growing market. Market timers are usually wrong.
I don't agree next to shorting the market because the possibility of like lightning loosing a lot of money is too great. You involve to be very secure of your timing if you try that.
There are several options plain to you. CAF is a closed end fund investing surrounded by A shares. Those are considered to be the most vulnerable to a bazaar sellof. You might short a few thousand shares. Very risky. The stock is up 100% in the closing year or so. Current short interest is about 440,000 shares.
A somewhat smaller amount risky strategy is to buy puts on one of the 3 Chinese index funds---FXI, PGJ, or GXC. With that option at most minuscule your risk is known.
FXI have a short interest of 8 million shares. 16 million outstanding.
PGJ has a short interest of 318,000 out of 4,800,000 outstanding.
GXC is too tentative to have perceptive data.
However, if within is a collapse, you will get the most smash for your buck out of CAF.
The two most popular puts on FXI are the July 125 at 0.53 and July 130 at 1.20. Stock trades at 136 +-. A month ago it was trading at something like 115.
Sell short FXI.
Short the FXI
If it's more than a feeling, group the stocks according to fragility and short accordingly.
you are going to own to wait a while they enjoy the Olympics next year plus it is a growing open market.
Simplest way is to short FXI, an ETF that holds 25 Chinese stocks.
I believe it aswell...
It does not implode however as people are rushing to invest fresh currency into it.
Does the Dow Jones Industrial Average Quote on any financial websited include dividends reinvested?
Question:
Answers:
SWH is correct about the divisor but wrong nearly dividends. Dividends are included in the DJIA. Whenever a dividend is remunerated, the divisor is adjusted. This is equivalent to reinvesting this contained by the index.
No, dividends are not factored in, but stock splits are. The DOW quote on one website is alike as all others.
The Dow have a long history, so its not surprising that the calculation for the index is pretty technology-free. The method for calculating the Dow is as simple as adding up up the stock prices of the 30 companies. Well, it's actually one step more complex than that.
If the resourceful stocks in the index have never changed, or spun off divisions, or split their shares, it would be as simple as accumulation up the 30 stocks prices, but Dow had to portrayal for the inevitable changes within the index. When a stock drops out at $95 a share and it's replaced by a stock at $25 a share, there's no reason for the index to drop as a result.
So Dow instituted a flexible divisor, which can be on the same wavelength for each foreign index event (stock splits, etc.) in charge to keep the plus of the index before and after the special event very same. To calculate the DJIA pro today, one adds the 30 stock prices and next divides by this floating factor, currently approximately 0.25.
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High interest savings a/c ?
Question:
I am looking for ideas on high interest accounts for my baby daughters future. I recently heard of one paying 10% or around that. any ideas ?
Answers:
If they are offering 10% on an FDIC-insured investment, it's bound to be some sort of teaser.
Flagstar offered that for awhile if you opened a checking account, you could buy a 6-month CD at 10% interest. However, the CD was capped - you couldn't buy a million dollar CD at that rate.
This is basically the equivalent of giving a free toaster for opening an account, and had about the same value.
If you are looking for short-term cash parking, there are a ton of outfits right now that offer better than 5% on savings accounts. Emigrant Direct, Citi, E*Trade...
-->Adam
No savings accounts pay that much. You can get a Money Market account or an internet banking account close to half of that (5%). Why would you want to leave it in a savings account rather than invest it in Mutual Funds? Especially since you're talking about long term?
they have bought some high interest ones like that out, but most you have to pay a minimum of £1000 a month in.
Check Bankrate.com for their list of high-yield savings accounts. They have quite a comprehensive list of both brick-and-morter and online banks.
The highest I've seen is 6%...I doubt if any savings institution would offer 10%.
I dont know . sorry. if u know than plz send me ...ok
What does a EQUITY RESEARCH ANALYST do?
Question:
Answers:
An Equity Analyst is extremely knowledgeable give or take a few one or more industry groups, such as airlines, forestry or telecommunications. This person possesses both macro and micro wisdom of an industry, as well as its historical ratio, its forecast or earnings and its common economic strength, for example. Areas of critical focus include overall supply and demand, as very well as the factors that can correction them. An analyst will take this acquaintance and then determine, from historic ratio and current events, the projected revenue stream for a specific industry, or for individual companies in the industry. From these calculation the analyst will generate ratings (buy, sell or hold) base on this research, which is then communicated to the clients by the sale force. It is this communication that generates revenue for a firm.
Those within this occupation need extremely strong organizational ability, as a multitude of factors must be condensed into a possible course of performance. Additionally, excellent communication skills are mandatory, as an analyst will spend a good part of the pack of his or her day explaining thinking to the sales force or to the firm's clients surrounded by conferences, seminars, annual meeting, in the medium or as a liaison with a company's chief financial officer and/or chief executive officer.
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An equity research analyst analyzes companies to find stocks worth investing contained by. These analysts work for mutual funds, pension funds, bank and stock brokerages to come up with investment recommendation.
Equity research analysts are like nose, everyone has one.
Best Portfolio Manager?
Question:
I am looking for good portfolio superior for investment purposes. The criteria are
1) I am willing to invest 2 lakhs initially ( I am an TRUE beginner and have so far always put my money within FD :) )
2) Need to have constant touch beside the fund manager ( Discuss and desire my protfolio based on my risk/gain criteria , proactive contact by the fund manager to discuss the growth etc )
3) Web access to check the status of my funds, reports etc
Could anyone suggest me good fund manager based on my requirements ( their pros/cons )? Also informations close to costing , market ranking would greatly assistance me to decide.
Answers:
1) I am assuming you be denominating in rupees. That isn't much money. That as you would expect could buy a house if it were contained by dollars, but in rupees that isn't much.
2)The maximal income a fund representative is going to make from you would put together you an expense (if in rupees) if they allowed you to constantly contact them. The opportunity cost is simply too dignified.
3) If you are discussing rupees, you should remain in funds and not try this yourself. The worth is so low that diversification is difficult compared to the money involved. Commission rates in India will munch through up a small time investor.
4) Find geographically available brokers. If you live in a immense city that will not be hard, a small town, I do not know what to transmit you. Funds are designed to be left alone, so you really should not want web access.
I enjoy been a fund bureaucrat, you are too costly to deal near for anyone. Even if that were 200,000 US dollars, a fund chief would not deal beside you a broker's representative or an investment advisory representative would.
My limited experience of dealing next to Indian institutions is such that I do not believe that convenience is going in your favor. I am a doctoral student in a minute and I do not think that you will find massively helpful answers here on RunEye.com.
If you own a wealthy parent, ask them. If not, look around for nation you know who would invest and get recommendation. If you were contained by the United States, Canada, or Germany and maybe even the UK, I might know how to help you, but you are asking alot of family who deal surrounded by billions of US dollars. One million US dollars is about the even you need to even enjoy a serious chance at even man considered for a conversation and then, it will be next to a low level investment counsellor assigned to your account.
Stay contained by mutual funds, unless that was $200,000 US. If that be 2 lahk in rupees, and you can invest within the US, consider closed end mutual funds a bit than open wind up funds.
Best I have come across is http://www.moneycontrol.com
You will go and get all guidance on rank .
Regarding fund manager , I don't agree beside you.as they regularly being sifted from one Co. to other.
Regarding network access, money control.com will assist you & all free of charge.
I never hear of a portfolio manager do number 2 for a client unless he is a sale representative and usually their interests are ahead of yours.
I suggest you to open a brokerage story at Zecco (It's FREE) and send them you money and when you ae organized to trade just tolerate me know and I will help you for FREE.
I am a Portfolio Manager near over a decade of experience in the Stock Markets.
Personal financial advisors are available for fees.But i would suggest u to shift for any renowned mutual fund
you may visit www.valueresearchonline.com a best site for investors. the best scheme to incest are
Birla Midcap,SBI Contra, HDFC Top 200, HDFC Prudence, Reliance growth reliance Vision, reliance pharma, reliance Media and entertainement. you may also subscribe to Mutual Funds Investment india magazine.
You can use valueresearchonline.com.
sharekhan.com is also a website which has some portfolio manager. They will charge for the service.
Please Contact me on +919820577238 - Mumbai India. My email is sudhan_bapat@yahoo.com. My Name is Sudhan Bapat and being a certified Mutual fund advisor own all answers for your question.
question no 3 you can access your funds enter the rediff.com contained by stocks option everyday updated the souk price and your
portfolio with graph day after day gain etc with simple one time entry
bhaskar.v.v
Need to find out roughly speaking an outmoded gold ingots mining co. contained by 1911. Have cert.of 350 shares. Is it still contained by Arizona?
Question:
Howle-Haniman Gold Mining Co. Cochise County, Arizona
Bowie, Arizona. Have old cert. dated 2-27-1909 for 350 shares of possessions stock. What happened to the company?
Answers:
see www.corporation.azcc.gov; The Arizona Corporation Commission will speak about you the history of the company if you send them a copy of the weak stock certificate. You may after be able to find the verbs agent (it may be on the stock certificate) to determine whether the certificate is valid or have been replaced beside another certificate, within which case it is expected worthless. But it is worth investigating; I've researched several old certificate, and some were worth a upright bit of money.
Gold mines are registered in the public files. Hope it turns into a bonanza, but I doubt it. Good luck/
g
g
Arizona should have regulartory board surrounded by which regulates all applicable sanctuary and enviromental regulations that apply to mining in Arizona, you can probally find them online or by calling around. Hopefully it will be worth your windy. Perhaps the county law enforcement agency can minister to? I am not sure if the public records would run back that far, but I do know that you probally don't want to manually look through them unless it is your concluding resort. Good luck and God bless you!
Where can I cram the ground rules of investing?
Question:
Does anyone know any good books or sites that promise with the rudiments of investing, like money market, mutual funds, stocks, etc.
Answers:
At your local library under Investment Books. Start beside the following...
Technical Analysis of Stock Trends by Edwards and MaGee. This is a classic.
Stock Market Logic by Norman Fosback. Another classic.
Jim Cramer's Mad Money: Watch TV, Get Rich by James J. Cramer and Cliff Mason
Real Money: Sane Investing in an Insane World by James J. Cramer
Stock Investing For Dummies by Paul Mladjenovic
How to Make Money contained by Stocks: A Winning System in Good Times or Bad by William J. O'Neil
The Motley Fool Investment Guide, by David and Tom Gardner
Beating the Street by Peter Lynch
7 Chart Patterns that Consistently Make Money by Ed Downs (you can receive it for free at Omnitrader)
A Random Walk Down Wall Street by Burton G Malkiel
Secrets for Profiting in Bull and Bear Markets by Stan Weinstein
Stock Market Miracles by Wade B Cook
Money Game by Adam Smith
Getting Started contained by Options by Michael C Thomsett
The Predictors by Thomas A Bass
Candlestick Charting Explained by Gregory L Morris
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I am currently investing in the currency (forex) flea market and doing very ably.
Email me at ramjohnterry@yahoo.ca for details.
motley fool
Yahoo! Finance has section with great primary information on stocks, mutual funds, options, etc. The Motley Fool Web site is also a obedient place to start, as is a book called "The Motley Fool's Rule Breakers, Rule Makers" by David and Tom Gardner, which you can find at any bookstore or Amazon.com. This lays out stock-picking strategies for up-and-coming growth stocks and for tried-and-true large-company meaning stocks. Another useful Web site near lots of good adjectives information is clearstation.etrade.com, run by the e-trade brokerage company.
Go to www.amazon.com and look for books by Robert Kiyosaki (Rich Dad, Poor Dad) and Dave Ramsey. (Total Money MakeOver).
I would visit your local libary, i would consider reading toni turners , and warren buffets books. If trading is something that interests you, I would also reccomend trading 101 and 102 by sunny harris.
some sites morningstar.com (mutual fund index)
www.clearstation.com
www,stockcharts.com
worthy luck
Watch Mad Money on CNBC at 6 and 11 Eastern.
go to www.fool.com
read any of Peter Lynch's books
A brief article going on for investing and trading
http://investment-blog.net/2007/05/20/tr...
Brealey & Myers book PRINCIPLES OF CORPORATE FINANCE is the standard introductory text book for top MBA programs. It contains the information you want.
If you want something for a while more advanced, then the Investments book by Bodie, Cane and Marcus would be a righteous source.
1) http://www.invest-for-retirement.com... has a free downloadable book for beginners
2) Mutual Funds for Dummies, by Eric Tyson. Highly recommended.
3) http://www.investopedia.com
4) The Boglehead's Guide to Investing
yahoo nouns
mutual funds for dummies
investing for dummies
bob brinker radio show host on sat and sun
Start next to Investing for Dummies by Eric Tyson.
Then after you know the basics, you can swot more about the different investing philosophies.
This intertwine provides a good starter chronicle:
http://techfarm.blogspot.com/2007/06/inv...
Another user rated this answer as the Best Answer.
Does anyone know how to invest 1000 and turn that 1000 into 5 10,000 dollars surrounded by a couple of months?
Question:
Answers:
What you are asking about is not investing, it is gaming. In actuallity you are looking for an annualized 7000% return on your investment (10X in 2 months).
Successful investing requires one to master the following 4 characteristics...
1. Appropriate Capital
2. Knowledge of the Market
3. Money Management
4. Discipline
To further illustrate my point, consent to me put these into an analogy. In a craps game, the amateur comes to the table beside $1000. He is trying to make $10,000. He have a strategy, or so he thinks. But he lacks discipline to stick to it. If he get up a little bit, he starts deviating from that strategy and making more bets. If he get into a drawdown, he deviates from that strategy to try to get rear to even. He lacks every single characteristic.
Now, the professional within this game probably bought surrounded by with $10,000 trying to label $1000. He’s not looking to break the bank, a moment ago grind out a living. Preservation of his bankroll is paramount to his strategy, and he is so concerned with that single certainty that he does not deviate from his strategy. His approach to the game is base on the knowledge of the probability of every single bet on the table. Therefore, he applies this knowledge to a greatly well executed plan that includes what to do when he is in the lead and what to do when he is losing. He executes this plan with precision.
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Blackjack just if you know how to count cards perfectly.
I somehow doubt if they know such a secret, they would share it..
Absolutey. Try option (calls or puts), or buy commodities with a edge account. Tremendous leverage. $5k is no problem.
For such a voluminous return, you would need to use leverage. You can come by leverage by speculating in option, futures contracts or in the foreign exchange (forex) market. Leverage cuts both ways, of course. You are more possible to lose your $1,000 (or even more if you are speculating in futures) than you are to run it up to $5,000 or $10,000, but it is not impossible to do this.
If you receive an answer try to figure out why the individual is doing this and not getting $50,000.00 of their own.
OK thats a Realistic goal and Can Be done !
BUT for Less than $1000 far smaller number
I invested $350 to upgrade to top level surrounded by my online companies and after 3 weeks I already saw increses in bread earned from when i be a FREE meber and only get paid nearly $250 a Month
Now i have gotten per week and more !
I know you want to do this within real world but it's a wage !
The Stock Market is Your best Bet !
and 1000$ in the right stock can turn into THOUSANDS surrounded by one week !
YOUR Going to have to research for a New Product that's coming out and buy stock contained by it !
Thats the gambling Part but YOU Cut the risk down by getting info give or take a few the product !
remove all risk and progress to my site and Get a GUARANTEE with it that YOU will Make that 5 or 10,000 contained by a few months
Thats my Goal to grow into 5000 per month by december
already hit $1000 per mnth
take a look it's FREE to join up NO Money needed not even a website NO selling either no phone call !
http://home.comcast.net/~billyzeke...
No, while you could turn the 1000 into 10,000, you would technically need more to start. Here's why.
To turn your 1000 into 50000 contained by only a couple of months you will entail to be an active trader. A afternoon trader, or pattern trader, is one who "executes four or more trades inwardly 5 business days (in and out)" and "the number of total trades is more than 6% of the total trades in the side." (These are NYSE rules). If you are a day, or guide trader you must meet the NYSE and NASD rules for hours of daylight or pattern trading.
These rules are that you must trade on fringe. You can not day trade from a lolly account. This resources that for every investment you make you will be borrowing money from the investment firm, and you will own to pay them interest on that money. As an example - speak you buy 50 shares of a $20 stock. That's 1000 - but you would be using $500 of your own dollars and $500 from the brokerage firm. So you would have to foot interest on this $500. This may not be a big deal when your stocks rise and you provide, but if your stock goes down, and you inevitability to get out sudden, you still need to income the commissions, interest, and depending on the amount of money in your information also cover your losses. For this reason to be considered a year trader you must have a outside edge account near 25,000 in it. This is to protect you and the investment firm. There are investment companies that allow you to clear margin accounts near as little as $2000. However, if you show by your trading patterns that you are a daylight, or pattern trader, the brokerage can ask you to deposit the 25,000, and suspend your trading privileges until you do. (The NYSE and NASD rules require this).
So you see, the answer is both yes and no. Put 25,000 within the margin story but only use the $1000 to invest - basically to see if you can turn that 1000 into 10000 - which doesn't make much sense but you could do it.
You inevitability at least $25,000.00 USD.
Does anyone know how to invest 1000 and turn that 1000 into 5 to 10,000 dollars?
Question:
Answers:
How long? How much risk are you willing to lug?
Medium risk, medium reward:
1. Invest surrounded by a broad based ETF (Exchange Traded Fund, a mutual fund that trades of late like a stock)
2. Continue to tag on money to this mutual fund.
3. Wait several years.
Higher risk, high reward:
1. Speculate within a single stock and hold (or trade it) and wait.
2. This strategy have a higher risk and you could well end up beside $0 instead of $10,000.
In general, do study roughly speaking investing. Here's a link to catch started in investing:
http://techfarm.blogspot.com/2007/07/how...
how hasty?
sure. i can do that for you. send me the 1000, i'll find back to you as soon as possible.*
*as next to any investment there is a definite risk involved and there are no guarantees expressed or implyed surrounded by this offer.
There are several ways. Depends on the risks you are of a mind to take and what time frame you have need of this return.
You can change the $1000 into $10000 by putting the money into a funds account that pays 7.2% per year next to monthly compounding and waiting about 32 years. This is a low risk method.
You can invest the money surrounded by the stock market, pilfer higher risks, be each day personally involved next to making buy-sell-hold decisions and produce about 30% / year. It would pocket about 8 years to capture the $10,000. You better have a proven system prior to doing this or you could loose it adjectives quickly.
I am using the Yahoo group ComputerProgramPicks.
Best of luck to you. Luck is executing next to a prepared mind.
What do you judge give or take a few permanent status deposit rates surrounded by australia/new zealand bank paying 6.5percent. as a us citizen.?
Question:
Answers:
A lot of it depends on where the dollar go against the Australian/New Zealand currency. 6.5% is the nominal rate of interest. If the Australian/New Zealand currency increases in pro, you'll get more than 6.5%. If it decrease, you'll get smaller quantity.
Lets say for simplicity, that rates are 6%, and the Australian dollar (AUD) is at 0.80US$/1AUD (it is really in the order of 0.86$US now). You invest $1,000 U.S., which converts to $1,250 Australian ($1,000 / .8). One year passes, and you very soon have $1,325 Australian ($1,250 *1.06). What it is worth within the U.S. is going to depend on the exchange rate. If, say, the rate have gone to 0.85$US/1AUD, you would get $1,325 * .85 = $1,126.25, which would equate to a 12.62% rate of return surrounded by U.S. dollars. If it goes to 0.75$US/AUD, you receive $1,325 * .75 = $993.75, or a -0.625% return.
Attached below are the charts of the two currencies. Both appear to be strengthening over the last few years. If the trend continues, you might draw from some pretty good returns out of investments surrounded by Australia/New Zealand. But you will be taking a risk on future currency movements. As they read aloud, past celebration is no guarantee of future results.
Wish I have some of that. 5% is the most I have found within my area.
sounds open-minded
for a rich old entity who has 1,000,000 or so
they would find 65,000 every year just from interest
at age 60 start spending down the principle too
subtract taxes, probly keep the money safe and make a good go , like bonds or something
What do you infer something like ther possession deposit rate at westpac hill paying 6.5 percent for 5 months a nd one year?
Question:
Answers:
If you can meet the minimum deposit amount (?$) and the institution is FDIC insured - it's an excellent rate for 5 mo..
Make sure you will not call for the money for the duration.
Ex husband be part of the pack of an ESOP and get bought out by a bigger company and I have an interest surrounded by the stock?
Question:
Our divorce settlement said I had an interest within the stock; now that the company have been bought out, he said they rolled the ESOP into another retirement plan. How can I grasp my share of that? We're talking alot of money and I chew over he's holding out on me. Please, only serious answers :)
Answers:
I am assuming you live within the US. In that case, hold your attorney get a QDRO(qualified domestic relations order) and present that to the institution holding the retirement plan,so that you can receive your share of the $.
I cogitate your being a bit vindictive, but near that said, you will need to retain a worthy attorney to peruse this matter.
You should know how to get an attorney to compel his compliance beside the court order, and get better attorney fees as well (most will confer you a free consultation, so explain the situation).
Just because it rolled into something else doesn't mean your interest disappeared. Give him a destiny to give you your share (and document it, so you know it be fair); otherwise you're within your rights to compel him to comply, and restore your health the costs for enforcing that.
Consult your divorce attorney. Your ownership of the stock be part of your divorce settlement and if the stock is converted to another investment your ownership is transferred to that investment. The clean retirement plan has to be notify of your interest in your ex-husband's ownership of the plan.
Typically, you cannot cancel money from a retirement plan until your husband retires. At that time, the plan should pay your share of his retirement income to you, contained by accordance with the divorce regulation. It is necessary for the retirement plan to know give or take a few the decree, so you own to be sure they are informed. The new plan may be aware of your interest within the plan, but such information can easily be lost, so it is up to you to ensure that they are aware of the agreement.
Talk to an attorney I guess that you will get a retirement portrayal in your baptize subject to the same law that that govern all retirement accounts. You might after be able to roll that over into an IRA.
Where can I find which currencies are peg to the U.S. dollar?
Question:
Answers:
Universal Currency Converter.
http://www.xe.com/ucc/
Try the following link ..
http://www.photonicsknowledge.com/search...
Does a money flea market portrayal count towards diversification surrounded by your portfolio along beside stock funds?
Question:
Answers:
You bet. Money market funds are without fault stable (never change within value). So they are "the sure thing" in your portfolio. Bonds can fluctuate within value base on what bond prices are doing. And of course, stocks can really change a lot from time to day (witness yesterday...)
You can never put adjectives your eggs in one picnic basket, but money market investments are other one of those baskets...
Yes, even holding money is considered diversification by the most sophisticated investors.
Of course it does. if you're having to ask, next you need a broker to get by your finances. z
of course. change is an asset class. you should be diversified bonds, stocks, cash, etc and in categories, as appropriate
does it situation whether it counts towards diversification? What happens if it doesn't?
In a bull bazaar cash is trash. In a accept market, bread is king. In the kind of bazaar we have today, brass is worthwhile to have so you own something to invest with, as within no doubt will be some quibble buys. The trick is, to get that bread you have to trade stocks before they spill out, as they have yesterday and today. So yes, building change in a portfolio can be both an asset allocation strategy (in a undergo market) and a short-term investing strategy (in a bull market that is to say experiencing an intermediate correction).
Yes. You need some money surrounded by a low risk investment in writ to provide some degree of stability to your portfolio. This become especially important the elder you get.