Financial End of Year Review – Meet Your Goals

    Published: 06-16-2009
    Views: 4,164
    Financial Advisor Ric Edelman discusses the importance of conducting a year-end personal financial review including how to meet your goals.

    Ric Edelman: This week I'm showing you how to complete a year-end review of your investments. The reason you have investments is so you can meet your financial goals and the end of the year is the perfect time to think about those goals.

    Maybe it's retirement or dreams for travel. Perhaps you are focused on paying for college or a wedding. Maybe you want to start a business. If your plans are changing your portfolio may need to change too.

    Also consider your attitude about risk; maybe risk bothers you more now than it did before. Your portfolio should reflect how you feel right now. Investment changes don't have to be dramatic, you might need to make just small adjustments, but over the years small adjustments can make a big difference, which is why it's important that you review your portfolio every year.