How to keep on top of your investment portfolio

If you are very interested in making short term gains and being very active with the maintenance of your portfolio then you may be keeping track of it every day.

But for those who just want long term investment, the temptation is to sit and leave it. However you should always monitor the elements in your portfolio carefully. For instance that safe company you invested in might have disastrous results or a PR disaster and therefore you might need to take swift action.

One key idea is that of diversity in a portfolio, and this exists in the portfolio as a whole (the types of investments you make) and also within a sector: such as the stocks and shares you buy. If you know the banking sector very well, say, it might be tempting to buy all your stocks in that area, but as a sector will often go up and down together, diversification can be wise as different sectors will often do differently.

One of the problems these days for investors is ironically that it can seem there is too much information out there. You could spend your lifetime reading the financial websites, the business pages in the newspapers and their share recommendations, and spend your whole life trading. So on the flip side you need not to get too itchy and overmanage your portfolio, remember there are trading costs each time you buy and sell a share to take into consideration for instance and stamp duty: you can day trade in the US more easily without that stamp duty but in the UK it is very hard to do that profitably.

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