Why You Need to Regularly Review Your Investments

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Why You Need to Regularly Review Your Investments

Recent events highlight the importance of knowing your investments inside out. Not staying informed can lead to significant losses, especially during market downturns caused by major events.

The Impact of a Single Event

Yesterday, I faced several challenges:

  • Unable to buy stocks for clients
  • Inaccessibility to essential websites
  • Payment card failures during lunch
  • Difficulty getting my son home on a plane

All of this was due to a single line of bad code from a company we were invested in. Despite past success with this company, we decided to exit our holding in the afternoon once the system was partly restored. This company was supposed to safeguard against such issues, yet they ended up crippling the economy.

Finding a Reliable Advisor

To avoid such situations, find an advisor who thoroughly examines your investments and provides sound advice. Ask them hard questions and research your holdings online. If you lack the time, hire a professional.

Key Questions to Ask Your Advisor

  1. How do you research future investments?
  2. How do you invest your own money?
  3. What makes your investment style different?

Ways to Research on Your Own

  • Read Financial News: Stay updated with reputable financial news websites.
  • Company Reports: Review quarterly and annual reports of the companies you invest in.
  • Online Forums: Participate in investment forums to get insights from other investors.
  • Financial Tools: Use online tools to analyze stock performance and market trends.
  • Educational Resources: Take online courses or read books on investment strategies.

Conclusion

Regularly reviewing your investments is crucial to avoid unforeseen losses. Whether you do it yourself or hire an advisor, ensure you understand where your money is going.

Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always consult with a professional before making any investment decisions.

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Investment advisory services provided by Arkfeld Wealth Strategies, L.L.C. All content on this site is for information purposes only and should not be considered investment advice.  Material presented is believed to be from reliable sources and no representations are made by our firm as to another party’s informational accuracy or completeness.  Arkfeld Wealth Strategies, L.L.C. and its representatives do not provide tax or legal advice and nothing herein should be construed as such.  Always consult with your tax advisor or attorney regarding your specific circumstances. 

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