Five steps to reviewing your investment portfolio

Published by Rob Griffin on 10 February 2011.
Last updated on 16 February 2011

Five written on wall

If you have an established investment portfolio, now is the time to look it over, take stock of what has gone well - and not so well - and make changes to your holdings if necessary.

For more read: The importance of monitoring your investment portfolio

If you are unsure about how to go about it, follow our five steps below.

Step one: Be clear what you want to achieve.

Are you investing for longer-term goals such as putting your children through university, or do you need a regular source of income to help pay for life's essentials?

Step two: Analyse what you have in place.

Once your objectives are laid down, your investment portfolio should be reviewed against your circumstances, existing financial goals and attitude to risk.

Step three: Do your own research.

Have a look around the market to see what funds and other investment products might be suitable. Read research literature and examine performance figures to gain an understanding of your options.

Step four: Seek professional advice.

There are plenty of financial advisers who are qualified to guide you. The clearer you are about your investment objectives and the more knowledge you have of the market, the better the outcome is likely to be.

Step five: Consider everything carefully.

Remember making any changes is likely to incur costs, so only do so if you are convinced it will help you achieve your financial goals.

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