Why Are Investment Reviews Necessary?
Question: Why are investment reviews necessary?
Answer: Investment reviews are very valuable for many reasons. Due to life events, people purchase investments at various times of their lives. It could be when you change jobs and need to roll over your 401K to a private plan, when an inheritance is received, or if you receive a bonus and want to invest for a rainy day or future event. Depending on how aggressive you would like to be and amount of time to reach your goal will determine if stocks, mutual funds, gold, Index annuities or fixed annuities are best for you.
By meeting with your advisor on a semi-annual (or at least an annual basis) you can make changes to your portfolio as they are needed. The decision you made 3, 5 or 10 years ago on a portion of your portfolio may not fit your invest needs now. By completing an investment review and discussing your risk tolerance with an advisor, you can have peace of mind that your money is being invested the way that fits your comfort level.
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