4. Stay on Track
It’s important to look at the progress you’re making toward your goals over time, as opposed to tracking short-term ups and downs. Because of the power of compound growth, investing is just as much about how much time you have as it is about how much money you start with.
Even modest contributions, when made regularly, can pay off substantially over the long term. Understand the potential benefits of
Check in occasionally.
Keep an eye on your investments at least quarterly (or more often if you have a riskier portfolio). Major life events, such as those listed below, may also call for some adjustments.
Stay the course.
Down markets can be unnerving. Successfully managing investments requires a long-term view and a commitment to staying on track. Remember that you may need to occasionally move gains from assets that have done well and put them into those that seem likely to grow soon, a principle known as “rebalancing.”
The information on this website is for educational purposes only. It is not intended to be a substitute for specific individualized tax, legal, or investment planning advice. Where specific advice is necessary or appropriate, consult with a qualified tax advisor, CPA, financial planner, or investment manager.
The information here is for general informational purposes only and should not be considered an individualized recommendation or personalized investment advice. The type of securities and investment strategies mentioned may not be suitable for everyone. Each investor needs to review a security transaction for his or her own particular situation.
The consultation is complimentary, although the implementation of any recommendations made during the consultation may result in trade commissions or other fees, charges, or expenses. During the consultation, specific advice and recommendations are limited to assets held at Schwab by clients with an existing Schwab retail brokerage account. Examples may be provided of the advice and recommendations that might be offered if outside assets were transferred to Schwab; however, such information is for educational purposes only.
Asset allocation and dollar cost averaging strategies do not ensure a profit and do not protect against losses in declining markets.