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Track your investments to stay aligned with your goals from "summary" of The Joys of Compounding by Gautam Baid
Investing is a journey, not merely a destination. To navigate this journey effectively, one must regularly monitor the performance of their investments. This practice ensures that decisions align with long-term financial objectives, allowing for timely adjustments when necessary. Each investment serves a purpose, whether it’s wealth accumulation, retirement planning, or funding a child's education. By keeping a close eye on how each asset performs, investors can discern whether they are on the right path or need to recalibrate. Understanding market dynamics and personal financial goals is crucial. For instance, if a portfolio heavily leans towards aggressive growth but the investor's objective shifts to wealth preservation, a reassessment is warranted. This is where regular evaluation ...
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