Time for a review of financial position
Tuesday, January 19th, 2010 | Business, Economy, Investment
The lull after Christmas and New Year always seems to be an fitting time to review an investment portfolio, and with the rollercoaster we have witnessed in global and Australian financial markets over the past 18 months a review may be even more overdue. It’s worth periodically looking at asset allocation – both to asset classes and within asset classes – which may have deviated from your initial plan with the volatility. It may be an appropriate time to question whether your financial adviser adding sufficient value to justify the fees you are paying. Though the collective weight of the recommendations of the Ripoll, Cooper and Henry Reviews may bring about the removal of adviser commissions in the longer term, the volume of information available on the internet already makes it easier for investors to do their own research and manage their own portfolio if they wish to do so. More broadly, with bank interest rates rising quicker than official RBA cash rates a comparison of the home loan products and rates available to determine whether a current home loan is still the most suitable may also prove to be warranted. To Business Dust readers: all the best for 2010!
No comments yet.