Investoplan

It is well established that life situations have a tremendous impact on financial decision making. People make decisions based on their current situation and the future they hope to create. Whether faced with a sudden change in economic circumstance or faced with long-term financial challenges, life situations can add stress and fear that can drive people to make hasty or unwise decisions with their finances. Three major life situations that significantly impact financial decision making are starting a family, making a career change and dealing with unforeseen medical or other emergencies. When starting a family, couples often face difficult financial decisions. Finances are often extremely tight during this stage in life and the pressure of keeping a family financially secure can be overwhelming. Decisions must be made that balance short-term considerations such as a larger living space, education for children and childcare costs with long-term considerations such as retirement saving...

Periodic evaluation of one’s investment portfolio is an important step in the investing process. It is a way to review the past and make adjustments for the future to ensure that one’s financial goals are being met. Periodic evaluation should occur at least once a year, however, more frequent evaluation is often recommended. When evaluating a portfolio, the first step is to review the overall performance of the portfolio. This can be done by comparing the portfolio’s rate of return to that of a benchmark index. This will provide an indication of how well the portfolio is performing relative to the broader market. It is important to consider both short-term and long-term performance when evaluating portfolio performance. The second step is to review the individual investments within the portfolio. This should include evaluating the funds, stocks, and other investments that comprise the portfolio. It is important to be aware of any buy and sell decisions that have been made over time to ...