Keeping track of your investments
Keeping track of your investments

Keeping track of your investments

When you have invested money, it’s important to keep good tabs on the money that you have invested. Otherwise you might find that you are in trouble without even knowing it.

a. Keep track of your papers

When you receive paperwork pertaining to your investment, first look it over to make sure that everything is the way that it should be. Then you want to make sure that you put it in a safe place so that you know exactly where it is.

b. Take a notebook with you to appointments

It’s always a good idea to make notations about what your financial adviser says to you. You never know when it could come in handy.

c. Have someone else to help you

It’s always good to have someone else who you trust handling your investment. If you are to get sick or otherwise incapacitated, this is a safeguard for your investments. Make sure this person gets copies of all of your paperwork and is aware of what your investments are.

d. There is no such thing as a dumb question

If there is something that you don’t understand, ask. That’s what your financial advisor is there for, and you may just catch something that they hadn’t. Never be embarrassed to ask about something that you don’t understand.

e. Put the Internet to work for you

Take advantage of the Internet and track your investments online. This will prove to be an invaluable tool that will help you out in the long run.

f. Review your investments

Take your portfolio out at least once a year and look it over to make certain that you are on the right path. If you can, it’s best to bring it out every three months to give you a better perspective.

g. Meet with your advisor

If you are working through a broker or an advisor, meet with them at least once a year.