How to Stay Focused on Your Investments

December 8, 2015


It’s easy to get distracted from our portfolios at times

We all get distracted at times. There are so many things that need our time and attention.

We usually think we’ll get back to our portfolios once we’re back from vacation or in better health or after the holidays, but the longer we put it off, the harder it is to get back on track.

And we may find that months, if not years, can go by, before we start to focus on our investments, and this really can take a toll on our results.

Set investing reminders

Most of us need reminders to help us remember to check on our investments on a regular basis and make any necessary changes. We don’t want to rely on market declines or interest-rate hikes to review our portfolios since we’re apt to make mistakes when we invest based on our short-term fears rather than our long-term goals.

A better solution is to set up reminders that lead us to check our portfolios in up, down and flat markets. When we manage accounts for clients, we monitor their positions every month, but not everyone can keep up with a monthly schedule, and that’s OK. If once a month is too much, then set up reminders to check on your investments every other month or even quarterly. 

4 investing reminders to help you stay on track

1. Mark your calendar

Set up a recurring appointment on your calendar that reminds you to check your portfolio every month or every quarter.

2. Put it on your phone

 Schedule a monthly alert on your phone that reminds you to check on your portfolio.

3. Use your monthly statements

Most of us get monthly statements from our brokerage or fund accounts, and these can be a reminder to check on your funds, and determine if you need to make any changes.

4. Subscribe to NoLoad FundX 

You’ll get a monthly email or mailed copy that will help you keep your portfolio invested in leading funds and lead you to adapt to changing markets. Click here to sign up.

Get Honest With Yourself

If you’ve set reminders, but you still aren’t finding time to manage your portfolio, take a step back and think about what you’re currently spending your time on. If investing isn’t how you want to spend your time, that’s OK. Many investors – even investors who managed their own money for decades –end up hiring an advisor to manage their portfolios for them.

If you’d like to speak with a FundX advisor about how we might help you stay on track, call us at 1-800-763-8639.

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