Audio available in app
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 underperfo...
Similar Posts
Conduct thorough research before making investment decisions
Before you decide to invest in a company, it is vital that you take the time to conduct thorough research. This means going bey...
Practicing disciplined decisionmaking in investing
Practicing disciplined decision-making in investing is crucial to achieving success in the stock market. This involves sticking...
Beware of market timing
Market timing is a concept that many investors believe can help them make quick profits by predicting the ups and downs of the ...
Overconfidence can lead to poor investment decisions
Overconfidence in one's ability to predict the future direction of the stock market can have detrimental effects on investment ...
Monitor a company's financial health regularly
As an investor, it is essential to keep a close eye on the financial health of the companies in which you have invested. Regula...
Seek advice from knowledgeable sources
When faced with complex investment decisions, it is essential to seek advice from those who possess deep knowledge and expertis...
Assets generate income
Assets generate income. This is a fundamental concept in the world of finance. It is crucial to understand this concept if you ...
Set realistic investment expectations
Investors often have high expectations when it comes to their investments. They may expect to achieve extraordinary returns or ...
Take calculated risks for potential rewards
When I'm out on the road, I always keep my eyes open for opportunities that others might overlook. I look for signs of growth a...
Pay off highinterest debt
One of the most important steps you can take towards achieving financial security is getting rid of high-interest debt. When yo...
