Portfolio Management

Written by Jessica Duquette
Bookmark and Share

Staying on Track

Whether or not you meet with your financial advisor on a regular basis, it's a good idea to have someone look over your portfolio every six months. These frequent reviews will help you stay on track toward your goals. In addition it will help you reevaluate and change your current investments.

Portfolio management is a key factor in successful money management. Without it, you may be missing out on trends in the trading industry or new and innovative ways to increase your profit. Experienced advisors encourage their clients to check in regularly in order to guarantee satisfaction with their investments.

As a young investor, you may have put most of your money in the stock market. Throughout the years, your portfolio management meetings have subtly changed your investments from mostly stocks, to a nice diversified and allocated portfolio. As a result, by the time your kids have grown your portfolio will have a mix of risky stocks and stable, income producing bonds.

Investing Your Time and Money

Selecting a financial advisor is not only a monetary investment, but it's also an investment of your time. One of the worst things you can do is to only meet with an advisor once. After you take the initial advice and invest a good chunk of your savings in stocks, bonds or mutual funds you need to keep a close eye on how your investments are doing. Without frequent portfolio management meetings, it's likely your investments will dissipate.


Bookmark and Share