Interfering in your financial portfolio

The world is constantly being inundated with bigger and better ways to do things. Latest trends control how we think and how we act. We are constantly upgrading and renewing and are often overwhelmed by so many choices. But there are times when change could be detrimental.

Do you…

  • change your investments according to what is trending right now?
  • constantly monitor the markets and change your investment choices if they perform poorly?
  • contact your financial adviser at least once a month to try a new fund or ask about a new investment or retirement product?
  • take advice from colleagues about new super funds?
  • constantly change savings products or take out new ones?

If you answered yes to some of the questions above, then you could be interfering in the performance of your investments or even sabotaging your retirement.

Investing and retirement savings are a long-term endeavour. They need time to grow and offer good returns. The funds used for long term investing differ from short term funds. They are created to smooth out the ups and downs in the market and offer good long-term returns. Changing funds or products frequently could harm your retirement.

Sometimes changing to new funds are beneficial to your portfolio, but only under the advice of your adviser.

Your financial adviser is an expert in retirement planning and chooses diversified funds that will benefit your portfolio in the long-term. They will review and adjust your funds annually according to market performance. Your long-term investments will take care of themselves under the watchful eye of your adviser.

If you are drawn to the latest investing trends and products, and want to get involved, then chat to your adviser to set up a separate trading account for you where you can buy and sell as you please. Allocate a small portion of your investing budget for alternative and new investing trends and leave the rest to time tested investing by your adviser. [email protected]

Please note, the above is for education purposes only and does not constitute advice. You should always contact your deVere adviser for a personal consultation.
* No liability can be accepted for any actions taken or refrained from being taken, as a result of reading the above.