13:12 16 March 2013
Investing in ISAs doesn’t mean allocating your funds into several assets and forgetting about it until you hit retirement. Just like when you’re managing your very own business, you must monitor your investment as often as possible. This is to ensure that your portfolio is aligned to your investment goals and risk appetite.
As a rule of thumb, you must diversify your portfolio as much as possible. This is to ensure that should one company that you invested in goes bankrupt, you will not lose all your money in one go. Also, investing only on those companies that have proven track record is also extremely important.
Improving your portfolio when you feel that you’re not making as much money as you want to isn’t very hard. Get expert advice from independent financial advisor whenever possible.
In addition, always be in the know. Keep yourself updated on certain news or issues that can affect the prices of your shares or stocks. For example, if the company you invested in reports that its annual earnings are higher compared to last year, it is more likely that the price of their shares will go up.
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