个人理财投资一体化系列-论文-外文翻译.docVIP

外文翻译 Personal Finance Investing All-in-One for Dummies Material Source: Chichester, West Sussex, England,2007 Author: Melanie Bien, Julian Knight, and Tony Levene Introduction Best of all, this book highlights ways to get the most from your money, but it also helps you decide where your priorities lie when it comes to your finances, and gives you the facts up front and honestly. And as your priorities develop and change, all the advice you need is in the same book so you can make the journey from clearing your debts to building your wealth by investing, to setting up a comfortable retirement and a potential nest-egg to pass on to your nearest and dearest. Think of Personal Finance Investing All-in-One for Dummies as your first great investment. Building Up Savings and Investments Chapter 1: Squaring Risk and Return When we walk down the street or drive a car, we’re aware of risks. We know, for example, that we might risk life and limb crossing a road when the Red Man symbol is displayed. And we know that our safety (not to mention driver’s license) is threatened if we drive 60mph in a 30mph zone. Granted, if we run helter-skelter down the street or drive recklessly down the road, ignoring everyone and every rule, we might arrive more quickly at our destination. But the faster we go and the more corners we cut, the greater the chance of losing everything. So we generally take simple precautions to avoid risks. That way, we make some progress through life. In this chapter, we examine investment risks – specifically, the benefits and drawbacks of various investment possibilities and ways to increase your odds of successful returns. Examining two investing principles you should never forget Here are a couple of clichés that sound banal but should be carved in mirror writing on every investor’s forehead, so she or he can read them first thing each morning when facing the wash basin: There’s no gain without pain. This means that in your daily life, yo