How to buy low and sell high

Once you’ve got an investment pot together, periodically rebalancing your portfolio keeps your money working for you by buying cheap assets and selling those that have become expensive. Phil Oakley explains how it’s done.

Don't put all your eggs in one basket. It's an ancient piece of investment advice, and one that everyone should follow.

We've already looked at asset allocation and diversification in this series (which is what the City experts call not putting all your eggs in one basket').

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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.