新概念第四册课文翻译及学习笔记：Lesson48

2015-02-02 14:04:06来源：网络

【资料库】第一册语法逐句精讲新概念英语2第三册经典句子解析新概念英语30天寒假学习计划
【课后题及答案解析】新概念英语第一册新概念英语第二册新概念英语第三册新概念英语第四册
【经验分享】学习新概念英语如何提升英语水平? 自学四大经典学习方法新概念学习方法及经验

　　为了方便同学们的学习，新东方在线新概念英语频道为大家整理了最全面的新概念第四册课文翻译及学习笔记，希望为大家的新概念英语学习提供帮助!

　　【课文】

　　First listen and then answer the following question.

　　听录音，然后回答以下问题。

　　How does the older investor differ in his approach to investment from the younger investor?

　　There is no shortage of tipsters around offering 'get-rich-quick' opportunities. But if you are a serious private investor, leave the Las Vegas mentality to those with money to fritter. The serious investor needs a proper 'portfolio' -- a well-planned selection of investments, with a definite structure and a clear aim. But exactly how does a newcomer to the stock market go about achieving that?

　　Well, if you go to five reputable stock brokers and ask them what you should do with your money, you're likely to get five different answers, -- even if you give all the relevant information about your age, family, finances and what you want from your investments. Moral? There is no one 'right' way to structure a portfolio. However, there are undoubtedly some wrong ways, and you can be sure that none of our five advisers would have suggested sinking all (or perhaps any) of your money into Periwigs*.

　　So what should you do? We'll assume that you have sorted out the basics -- like mortgages, pensions, insurance and access to sufficient cash reserves. You should then establish your own individual aims. These are partly a matter of personal circumstances, partly a matter of psychology.

　　For instance, if you are older you have less time to recover from any major losses, and you may well wish to boost your pension income. So preserving your capital and generating extra income are your main priorities. In this case, you'd probably construct a portfolio with some shares (but not high risk ones), along with gilts, cash deposits, and perhaps convertibles or the income shares of split capital investment trusts.

　　If you are younger, and in a solid financial position, you may decide to take an aggressive approach -- but only if you're blessed with a sanguine disposition and won't suffer sleepless nights over share prices. If you recognize yourself in this description, you might include a couple of heady growth stocks in your portfolio, alongside your more pedestrian in vestments. Once you have decided on your investment aims, you can then decide where to put your money. The golden rule here is spread your risk -- if you put all of your money into Periwigs International, you're setting yourself up as a hostage to fortune.

　　*'Periwigs' is the name of a fictitious company.

　　INVESTOR'S CHRONICLE, March 23 1990

　　【New words and expressions 生词和短语】

　　portfolio n. 投资组合

　　tipster n. (以提供证券投机等内部消息为主的)情报贩子

　　Las Vegas n. 拉斯韦加斯

　　fritter v. 挥霍，浪费

　　reputable n. 享有声望的

　　broker n. 经纪人

　　finance n. 资金，财源

　　mortgage n. 抵押贷款

　　pension n. 养老金