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Evaluating Your Progress
3:20:9 2023-11-10 1747


1- Monitor your investments from time to time. Check to see if they're performing according to your goals. If not, reevaluate your investments and determine where changes need to be made.

2- Determine if you need to change your risk profile. Generally speaking, as you get older, you'll want to take less risk. Be sure to adjust your investments accordingly.

  • If you have money in risky investments, it's a good idea to sell them and move the money to more stable investments when you get older.
  • If your finances tolerate the volatility of your portfolio very well, you might want to take on even more risk so that you can reach your goals sooner.


3- Evaluate whether or not you're contributing enough to reach your financial goals. It may be the case that you're not putting enough money from every paycheck into your investments to make your goals. On a more positive note, you might find that you're way ahead of reaching your goals and that you're putting too much money into your investments on a regular basis. In either case, adjust your contributions accordingly.

 

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