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A long-term investor holding quality, healthy-yielding stocks to balance a riskier side of high-growth, high-volatility holdings which promise (and occasionally deliver) jam tomorrow.
I like basic industrials, pharma, healthcare equipment, aerospace and manufacturing.
I avoid financials and anything that I can't get my head around. And now avoid junior E&Ps / miners as they are a sure-fire way to lose most of your captial.