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How to Keep on Top of Your Investments

Making investments when you have disposable income is a clever tactic which can help maximise your savings over time. As well as allowing your money to grow, it is a great way of being clever with your finances, being put to good use so you can invest into shares, property, or growth investments, using a payday loan if you need a helping hand to begin.

Keeping on top of your finances and investments is a process that should be maintained on a semi regular basis to ensure they are running smoothly and maximising potential. Although your long-term investments should not require a large amount of ongoing work and time, here are some tips for keeping on top of them.

  • Regular reviews

Whatever your investment strategy, regularly reviewing your financial situation by looking at your income, outgoings and savings will help you see how you’re doing and whether you’re on track to meet your goals. As well as just reviewing your investments itself, keeping an eye on progress will make sure that they’re growing your portfolio, reviewing your wider finances in the process. Consider whether you’re investing the right amount, or whether there’s scope to invest more, putting any additional savings to good use so it can grow instead of sitting dormant.

  • Set up An ongoing investment

Little and often is the key when it comes to saving. You’re better off adding extra money into your investment portfolio rather than adding a big lump sum, reducing your exposure to big risks so you can keep your money safe. Putting a large amount into the stock market and facing a dip could lead to a big loss of money all at once, going even further if you’re investing in individual companies. Instead, adding a smaller but constant stream of money in over a period of time means your exposure to short term dips is lower, affordably growing your investments.

  • Keep a diverse portfolio

Investing in a range of different assets could be done through putting your money in a number of funds, or by choosing to invest across things like stocks, properties, and bonds. By making sure that your investment portfolio is properly diversified, the different assets are all affected by different things so if the stock market does fall, you only lose one part of your portfolio, but another part may have increased in value

  • Regular rebalancing

As well as diversifying your portfolio by buying different assets, you also need to ensure that the balance of investments meets your attitude to risk. Some investments grow quicker than others and you may find that riskier parts of your portfolio make up a bigger percentage of the overall portfolio than you’d like, leaving you over-exposed to any potential losses in that area. Rebalancing your portfolio could consist of either selling some of the assets which have grown and investing the profits into safer assets or adding more money to the portfolio to balance the overall percentages.

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