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Semi-retired advertising agency owner Stephen Thomas, 58 , has been investing on and off for the pas...
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Semi-retired advertising agency owner Stephen Thomas, 58 , has been investing on and off for the past 30 years. He made money in the.dotcom boom but got his fingers burned when the bubble burst in March 2000. When he got access to his pension he decided to start investing again, this time with the help of his son Sam.
Now the two meet up most afternoons at Stephen’s home in Sandbach , Cheshire to talk about investments. The day starts at 7 am when Sam looks at company announcements online. These regulatory announcements can include a firm’s accounts , general updates or news of mergers(合并) or acquisitions. Sam flags up companies that he thinks look interesting to his dad who then does some more research.
Each has an ISA (Individual Savings Account) with AJ Bell , which they use to buy individual stocks and shares. It is a risky way to invest but the two like doing their own research on companies and Stephen makes an effort to go to investor presentations and try to meet the CEO and directors of the firms they invest in and to speak to other investors in the companies.
They have invested in oil companies and pet care businesses , to name just a few. But while the investments of the two men are similar, they do have different approaches. While Sam likes to hold shares for the long term as he is saving money for his future retirement , Stephen likes to buy with any profits he makes.
Sam says, “We do not argue because we have separate ISAs. It means finally we make our own decisions about which shares to invest in. The only time we might have a disagreement is when we both want to use the login for the news service at the same time.”
1.What happened to Stephen in 2000?
A. He had to retire from the agency.
B. He gave away all his pensions.
C. He got injured in an accident.
D. He suffered a loss in his investment.
2.What does the underlined words “flags up”in Paragraph 2 mean?
A. Marks.
B. Abandons.
C. Takes over.
D. Sets up.
3.How did Stephen usually conduct his own research?
A. By meeting clients and other investors.
B. By predicting the trend of the market.
C. By analyzing some research data.
D. By doing ongoing interviews online.
4.In what aspect do Sam and his father share in investment?
A. The way to deal with the return.
B. The percentage of the shares they hold.
C. The enthusiasm for the investment.
D. The approach to stock market research.
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