Making decisions about your investments can be a tough choice to make. With an ever-changing market, you may question if it’s time to continue with the same investment strategy and focus on growing what you already have versus making changes for possible better returns.
While there is no surefire way to guarantee success, understanding when to adjust or maintain your strategy will help ensure that your investments remain as profitable as possible in the short and long term.
In this episode, I answer the question of how to know when you should continue or change your investment strategy. When it comes to investing, the decision to move forward with your current strategy or switch things up is not one that should be taken lightly.
Having a plan in place for how and when you will adjust your investments based on market changes and personal goals can often mean the difference between success and failure.
IN THIS EPISODE, YOU’LL FIND OUT…
- When you should review your strategy (00:55)
- What is an annual return and why should review it (01:57)
- Is holding your assets the best strategy? (04:01)
- How to find a good financial broker (05:21)
- What to do if you’re maxed out (06:54)
- Know your goal and opportunity costs (08:16)
QUOTES
“Investments are there to serve a purpose.” -Carl Taylor
“What will bring you closer to your goal is keeping your asset going.” -Carl Taylor
WHERE YOU CAN FIND CARL TAYLOR
Automation Agency
CarlTaylor.com.au
LinkedIn
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Like this episode? Have topics that you would like us to discuss? We’d love to hear your feedback and comments. Let us know by leaving a comment below.