Step 6: Adjust when necessary
Monitoring your investments and adjusting when needed is just as important as choosing the right investments in the first place. Has the stock market rallied or crashed, putting your asset allocation out of whack? If so, rebalancing it back to its initial place is necessary.
Have you had an important life event like purchasing a new home? Do your goals need redefining as a result? Investing is a journey, and a big part of success as an investor is making sure you don’t take all these steps and then forget about your initial hard work and investments over time.
Meeting your financial goals
Sitting on the sidelines while your money isn’t growing is frustrating. Investing is something that you can do, even if you’re not a pro, and these six steps will help you create an easy process that you can follow. The more organized and disciplined you are around following this process, the better you will fare, and the more successful you will be at meeting your financial goals.
The $16,728 Social Security bonus most retirees completely overlook
If you’re like most Americans, you’re a few years (or more) behind on your retirement savings. But a handful of little-known “Social Security secrets” could help ensure a boost in your retirement income. For example: one easy trick could pay you as much as $16,728 more… each year! Once you learn how to maximize your Social Security benefits, we think you could retire confidently with the peace of mind we’re all after. Simply click here to discover how to learn more about these strategies.