Feb 06
Investment Checklist
Early in January I encouraged investors to set out on a new path of investing. Let’s run through a checklist to see how well you are doing.
Investment Checklist
1. Portfolio Policy: Have you written up a portfolio plan or put it into a spreadsheet format?
2. Saving: What is the plan to save on a regular basis? Portfolio planning us useless unless one is saving to build a portfolio. Remember the first chapter of Ellis and Malkiel’s book, “The Elements of Investing” and how it recommended a savings plan?
3. Books: What is the education plan? What books are you finding useful? Make recommendations for other readers of this blog.
4. Asset Classes: What asset classes are included in the portfolio plan? Is the portfolio sufficiently diversified?
5. Percentage Allocations: What percentage is allocated to each asset class? Are you finding examples on this blog of use. If not, how can I help?
6. Risk: Is a sample portfolio available so one can upload it to the RiskGrades site and check out if the risk level is acceptable.
7. Monitoring: What means are in place to monitor the portfolio to see if it is carrying out the Portfolio Policy?
Investing requires discipline and the above seven (7) checklist items are to help investors gain traction as they build a portfolio.
Photograph: Spring is here when this cat shows up at our back door. We have yet to see her this year.
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