Audio available in app
Review and rebalance your portfolio regularly from "summary" of Investing Basics for Beginners by Razaq Adekunle
It is important to regularly check on your investments to ensure they are still in line with your financial goals and risk tolerance. This involves reviewing your portfolio and making any necessary adjustments to keep it balanced and diversified. When you review your portfolio, you should assess how each investment is performing and whether it is still meeting your expectations. If an investment is underperforming or has changed in value significantly, you may need to consider selling or buying more of it to rebalance your portfolio. Rebalancing your portfolio involves adjusting the...Similar Posts
Ignore the noise
The cacophony of Wall Street is loud and unceasing. The never-ending stream of market predictions, stock tips, and economic for...
Focus on what you can control in your investments rather than trying to predict the market
Investing can be overwhelming, especially when there are so many variables that seem out of our control. Oftentimes, we get cau...
Consider passive investing strategies
Passive investing strategies involve investing in a diversified portfolio of assets and holding onto them for the long term. Th...
Infrastructure investments can provide stable cash flows
Infrastructure investments are known for their ability to generate consistent cash flows over an extended period. This characte...
Follow a consistent and systematic investment plan
A key principle for successful investing is to stick to a consistent and systematic plan. This means avoiding the temptation to...
Behavioral biases can cloud judgement
Investors are only human, susceptible to a range of psychological biases that can lead them astray. These biases can cloud judg...
Do not let fear or greed dictate investment choices
When it comes to making investment decisions, it is crucial not to be swayed by emotions such as fear or greed. Fear can lead i...
Avoid lifestyle inflation
Many of us start out with good intentions. We graduate from college, land a job, and begin to earn a salary. We're finally maki...
Dollarcost averaging can smooth out market volatility
Dollar-cost averaging is a technique that can help investors navigate the choppy waters of the stock market. By consistently in...
Consider longterm growth prospects
When looking for potential investments, it's essential to think long term. What matters most is the future prospects of a compa...