Don’t sleepwalk into disaster – manage your risks

To become a successful investor, it's important to manage your risks. Phil Oakley explains how.

When people talk about a potential investment, more often than not they will go on about how it could make you lots of money. But they don't often talk about the risk involved. The recent sharp sell-off in world stockmarkets is a reminder to everyone that putting your money in shares can be very risky.

Good investors spend a lot of time thinking about risks. If you control the amount of risk you take, you may become a more successful investor and also sleep more soundly at night. But what do we mean by risk?

Subscribe to MoneyWeek

Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Get 6 issues free
https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg

Sign up to Money Morning

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Sign up

Phil spent 13 years as an investment analyst for both stockbroking and fund management companies.

 

After graduating with a MSc in International Banking, Economics & Finance from Liverpool Business School in 1996, Phil went to work for BWD Rensburg, a Liverpool based investment manager. In 2001, he joined ABN AMRO as a transport analyst. After a brief spell as a food retail analyst, he spent five years with ABN's very successful UK Smaller Companies team where he covered engineering, transport and support services stocks.

 

In 2007, Phil joined Halbis Capital Management as a European equities analyst. He began writing for MoneyWeek in 2010.