When did you last review your finances? I’m not referring to checking to see how much cash is in your wallet, but a comprehensive review including your retirement plan, investments, and bank statements.
Just like a chess player constantly reviews tactics and strategies in hopes of improving his game, it’s important to review your financial situation on a regular basis to improve your investment performance. By keeping up to date with what’s going on with your money, you can make real-time adjustments as the market and your personal circumstances change.
One of my most popular blogposts, “Why You Need to Review Your Financial Plan”, discusses the importance of regular financial reviews.
This blogpost is still as relevant today as when it was just published.
Click here to read it and find out why conducting a financial review on a regular basis is so important!
Douglas Goldstein, co-author of Rich As A King: How the Wisdom of Chess Can Make You A Grandmaster of Investing, is an avid chess fan, international investment advisor and Certified Financial Planner (CFP®).