The importance of reviews

When you have made an investment decision the temptation is to then try to forget about it.

After all it takes quite a bit of time, effort and energy to select the most appropriate investment for your needs.

Particularly if you are investing for the long term it seems to make sense to leave the investment well alone and not be constantly monitoring its progress.

We believe though that you should establish a review routine.

It doesn’t have to be every week or every month (although some investors are comfortable with that degree of frequency) but at least once a year and preferably every six months or so makes sense to us.

In our experience ignoring your investment portfolio and not reviewing it is where most investments tend to go wrong.

After all your circumstances may have changed and along with that your goals and objectives may have changed as well.

Certainly economic and market conditions will have changed and you may well get better investment returns by adjusting your investment portfolio accordingly.

Leaving alone and then rebuking the performance of your investments doesn’t really make much sense.

Much better to understand every part of your portfolio and adjust accordingly.

Our free  workshop “How on earth should I invest my money?” on 23rd November 9.30am to 10.30am at the Cranleigh Arts Centre will go into much more detail.

Book your ticket now on www.icl-ifa.co.uk/events or call us on 01483 274566.

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