10 Point investor checklist gives you a progress and performance tracking guide for your development into a superior investor.
Effective Investing & Finance Research course, Lesson 8, gives a checklist for investors to use tracking their investing progress. Links at the end guide you to related content if you want to learn more.
This lesson explains the basic points used to check on your investing improvements to help you develop into a superior investor. Knowing what to check allows you to enjoy a lifetime of improved investing.
An annual check up on your investing plan and progress helps improve your performance. Use this 10 Point investor checklist as a guide to prepare for a meeting with your financial advisor.
Mid November can be a good time to do that so you have time to make any changes before another year arrives.
Work your way through this 10 Point investor checklist.
Don’t wait for December; do it now to have the time needed to implement any changes before year end. Start today.
Bring your list of topics to a meeting with your financial planner. A topic list lets you get the most out of your meeting. After all you pay one way or another so make sure you get the full benefit.
Face up to finding losers in your investment portfolio. Sell the losers and buy more winners. This action immediately and directly improves your results and may affect your tax bill. If you need a positive spin on the idea of selling a loser, call it “harvesting loses” to reap tax benefits! This is one of the most important points on the 10 Point investor checklist.
Check your portfolio for diversification, risk, results and satisfaction. Are changes or adjustments needed. Are you getting the performance you want and need?
Auto, home, health and life policies and needs should be reviewed. Are you getting the coverage and service you need? Do you have too little or too much coverage? What are your insurance options?
Especially medical health plans can have a use it or lose it provision. Under such plans if you do not claim a benefit it does not carry forward for use later. So plan accordingly and schedule doctor or dentist visits. If you have been letting such benefits slip by, put them in your calendar through 2014 and enjoy better care at no additional cost.
Make contributions to tax-advantaged plans like RRSP or 401(k) plans. This should be part of your pay yourself first approach to a personal financial plan. Make this important payment your first deduction on each paycheck.
Contributions to qualified organizations can lower your tax bill.
Not exciting but very profitable. Establish a budget structure that works for you. Simply know where your money comes from and where it goes can be eye opening. That can let you make changes that greatly benefit you.
Is information correct and current? Are your current intentions reflected in all the documents? Review them all to make sure.
How did you do on the 10 Point investor checklist?
Investors that check and monitor their performance produce better results. They develop faster and become superior investors which put more money into their pockets. Do that and you too can become a superior investor.
10 Point investor checklist gives you a progress and performance tracking guide for your development into a superior investor.
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Course links to White Top Investor lessons.
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3 Distinct approaches to investing
Know the trend for market direction
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Investing buy high sell low true or false?
Weeding your investment portfolio
It’s Complicated! Speculating!
3 Approaches all about making money
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Use White Top Investor lessons to learn investing. By doing that you can grow into a knowledgeable, comfortable and confident investor. To learn how, you can learn investing one small step at a time at your own pace. Do that and become the master of your financial security and independence. White top Investor never sells or shares our email list. Learn more.
Introducing Effective Investing & Finance Research Lesson 1
Investor homework grows profit Lesson 2
Find money making stocks Lesson 3
Money making stock issues Lesson 4
Using watch list holds Lesson 5
Oprah got it right – Aristotle got it wrong Lesson 6
Investopedia finance and investing education Lesson 7
10 Point investor checklist Lesson 8
Investing confidence, taxes and learning Lesson 9
Media exposes advisor incompetence Lesson 10
5 Key finance checks Lesson 11
Have a prosperous investor day!
Bryan
White Top Investor
[email protected] WhiteTopInvestor.com
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© 2013-21 Bryan Kelly
White Top Investor is the name Bryan Kelly uses for his comprehensive step-by-step investor guide. It encourages investors to focus on their circumstances and goals when creating an investment plan. The guide features the No-Worry Investor and the Index-Plus Layered Strategy. With decades of experience, Bryan aims to make stock market investing accessible to everyone. His expertise helps investors effectively make money work for them, avoid common mistakes, and achieve personal empowerment, financial independence, and a comfortable retirement. The About Page shares how a question from his daughter inspired the creation of White Top Investor.
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