Lesson 48 Planning a share portfolio-英语听力

[00:01.51]Lesson 48
第48课 [00:03.59]Planning a share portfolio
规划股份投资 [00:12.36]How does the older investor differ in his approach to investment from the younger investor?
年长者与年轻者的投资方法有什么不同？ [00:20.64]There is no shortage of tipsters around offering 'get-rich-quick' opportunities.
我们周围不乏情报贩子，向人们提供迅速发财致富的机遇。 [00:26.23]But if you are a serious private investor,
但是，如果你是一个认真的私人投资者， [00:29.61]leave the Las Vegas mentality to those with money to fritter.
就把拉斯韦加斯的心态留给那些有钱可供挥霍的人。 [00:34.01]The serious investor needs a proper 'portfolio' --a well-planned selection of investments,
认真的投资者需要一份正规的投资组合表--- 一种计划很周密的投资选择， [00:40.33]with a definite structure and a clear aim.
包括你的投资结构和明确的目标。 [00:43.92]But exactly how does a newcomer to the stock market go about achieving that?
但是, 一个股票市场的新手又如何能做到这一点呢？ [00:49.83]Well, if you go to five reputable stock brokers and ask them what you should do with your money,
如果你去向5位有威望的股票经纪人咨询，询问你应该如何使用你的资金， [00:56.63]you're likely to get five different answers,
你可能得到5种不同的答复， [01:00.19]-- even if you give all the relevant information about your age, family,
即便你提供了有关于你的年龄、家庭、 [01:05.11]finances and what you want from your investments.
财源和你想从投资中获得好处的信息。 [01:08.86]Moral? There is no one 'right' way to structure a portfolio.
这是个道德问题吗？没有一种完全“正确”的方法来排列这种投资组合。 [01:13.59]However, there are undoubtedly some wrong ways,
然而，却毫无疑问地有几种错误的方法， [01:17.09]and you can be sure that none of our five advisers would have suggested sinking all
你可以确信5位经纪人中不会有人建议你 [01:22.49](or perhaps any) of your money into Periwigs.
把全部（或一部份）资金投入佩里威格斯公司 [01:27.39]So what should you do?
那么你该怎么做呢？ [01:29.90]We'll assume that you have sorted out the basics--like mortgages, pensions, insurance and access to sufficient cash reserves.
我们假定你已把基本情况弄清楚了----如抵押贷款、养老金、保险金和动用现金储备的机会。 [01:39.45]You should then establish your own individual aims.
然后，你一定要建立起自己的目标。 [01:42.89]These are partly a matter of personal circumstances, partly a matter of psychology.
一方面这是个所处环境的问题，另一方面是个心理学的问题。 [01:50.53]For instance, if you are older you have less time to recover from any major losses,
比如说，如果你年纪较大，你从重大投资损失中恢复过来的时间就较少， [01:56.56]and you may well wish to boost your pension income.
你就很希望能够提高你的养老金收入。 [02:00.37]So preserving your capital and generating extra income are your main priorities.
因此，你的首要任务就是保护你的资金和引发额外的收入。 [02:07.10]In this case, you'd probably construct a portfolio with some shares (but not high risk ones), along with gilts, cash deposits,
在这种情况下，你大概想制定一份包括某些股份（但不是风险很大的股份）的投资组合，同时还有高度可靠的证券、现金储蓄， [02:16.92]and perhaps convertibles or the income shares of split capital investment trusts.
可能还有可换证券，或分割资本投资信托公司的所得股。 [02:23.61]If you are younger, and in a solid financial position,
如果你比较年轻，并且经济状况可靠， [02:27.34]you may decide to take an aggressive approach--but only if you're blessed with a sanguine disposition
你可能会采取一种积极进取的方式---但你必须性格开朗， [02:34.46]and won't suffer sleepless nights over share prices.
不会因股票价格的浮动而夜不能眠。 [02:38.52]If you recognize yourself in this description,
如果你觉得你的情况是像描述里说的这样， [02:41.50]you might include a couple of heady growth stocks in your portfolio, alongside your more pedestrian investments.
你可在投资组合中包括几项有令人陶醉的增值前景的增长股，和其他比较平淡的投资项目放在一起。 [02:49.47]Once you have decided on your investment aims you can then decide where to put your money.
一旦你的投资目标确立以后，你就可以决定你的钱投向何处。 [02:55.88]The golden rule here is spread your risk--if you put all of your money into Periwigs International,
这里的指导原则是分散你的投资风险----如果你把所有资金投入佩里威格斯国际公司， [03:03.48]you're setting yourself up as a hostage to fortune.
你就把自己当成了命运的人质。