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3 ways to clean up your portfolio

It’s the start of a brand new year - a time to reflect and make resolutions. Here’s a quick guide to reviewing your finances so you have a financially smooth 2019 and beyond.

It’s the start of a brand new year - a time to reflect and make resolutions. Here’s a quick guide to reviewing your finances so you have a financially smooth 2019 and beyond.  

Financial Goals Vs. Current investment portfolio

Review your financial goals and check if the current portfolio of investments will help you to reach them within the desired timelines. The investments that you made due to peer or family pressure and don’t fit into your plan must go. 

Align portfolio with financial goals

Choosing appropriate investment instruments which align with your goals and help you achieve them efficiently is extremely vital here. Invest in debt mutual funds for your short goals and equity mutual funds for long-term goals, for example. Track progress frequently to make sure you reach your goals as per the plan.

Learnings

While the above will help you clean up your portfolio, you need to be aware of the decisions that led to those mistakes in the past and learn from them. This will go a long way in keeping you financially fit.

This could be one of your New Year resolutions - clean and review your portfolio every year. Make Scripbox your ally here and get assistance throughout the whole process. Scientific selection of the best funds, transparent view of dashboard at fingertips, and different solutions for different goals - all on one single platform. 

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