Why should I Monitor My Previous Investments?
Maintaining a history of your investments is a great way to remind yourself of the successful investing decisions you have made, as well as monitor what didn’t work for you. This will give you your own personal ability to make more informed decisions in the future. The more information you keep note of, the more you as an investor can learn, as you make progress towards securing your financial future.
Over time your investment history will be a tool you can use to envision your own investment strategy, by identifying what has and hasn’t worked for you overtime, as well as giving you an indication of what to expect when making similar styled investments in the future. This is a great way to add to your own research when making decisions in the markets, as you continue with your portfolio, your Asia Pacific Management broker will be able to communicate with you more, and give you an in depth analysis of why your investments turned out the way they did. With your own investment history, you will be better prepared to ask the right questions, and ensure you’re on the right path.
You can use your investment history to keep a record of which investments were right for you, and which generated the best results. Although as a client of Asia Pacific Management you will receive constant updates surrounding your portfolio, we also believe that our clients would greatly benefit from keeping their own records. By recording investments you have made that were profitable, you will soon be able to identify what these investments had in common.
What didn't work?
You can also use your investment history to record any investments you made that weren’t as good for your portfolio, and again determine what they had in common. An example of this could be an opportunity you decided to pursue, that didn’t pick up, or made a small loss. You could find, that you had based your investment decisions off of emotions, and simply made the investment because you liked the idea. Keeping track of your investment history, can help you learn from those mistakes.