Seeing your portfolio and your financial goals at least every year is always a good idea. With ongoing economic recovery, it is more important than ever to ask your Financial Advisor the right questions before you determine the path for the coming years.
Officially the recession is over, but when we crawl in a direction that looks like a market recovery, investors are faced with new investment opportunities.
When you discuss your investment goals and portfolio with your Financial Advisor, consider asking questions that can help you understand the current economic, market environment and various product & services.
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The recent economic downturn has made many investors reduce their exposure to risk and relatively risky assets.
Of course, in 2008-2009, their concerns might have been justified, but now, as the economy begins to recover, investors may want to consider whether their conservative position is truly in line with their expectations of future market trends and moreover their investment goals.
Given the improving market conditions, it may make sense to reevaluate your appetite for risk and your asset allocation to avoid standing between market opportunities.
In times of market volatility, the main factor that contributes to creating market opportunities, it is important to review your portfolio with your Financial Advisor at least once per quarter. This will give you peace of mind at night while sleeping, and also help ensure that your investment portfolio and allocation of assets continue to match your financial goals.