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Monitor and adjust your portfolio regularly from "summary" of Investing Basics for Beginners by Razaq Adekunle
Regularly monitoring and adjusting your portfolio is a crucial aspect of successful investing. This involves keeping a close eye on the performance of your investments and making necessary changes to ensure that your portfolio remains aligned with your financial goals and risk tolerance. Monitoring your portfolio allows you to track the performance of your investments and identify any underperforming assets or areas of weakness. By staying informed about how your investments are doing, you can make informed decisions about whether to hold, sell, or buy additional assets. Adjusting your portfolio involves making changes based on your monitoring activities. This could include rebalancing your portfolio to maintain your desired asset allocation, cutting losses on underperforming investments, or capitalizing on new opportunities that align with your investment strategy. Regularly reviewing your portfolio can help you stay on top of market trends and make adjustments to take advantage of emerging opportunities or mitigate risks. By actively managing your investments, you can increase the likelihood of achieving your financial goals and protecting your capital. In summary, monitoring and adjusting your portfolio regularly is essential for successful investing. By staying informed about the performance of your investments and making necessary changes, you can ensure that your portfolio remains aligned with your financial objectives and risk tolerance. This proactive approach can help you maximize returns and minimize losses over the long term.
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