Phase 1: Organisation and Management
The following questions address important aspects regarding the way in which your investments are organised and managed. These issues can have a significant impact on your investment performance and your peace of mind if they are addressed properly when putting together your investment portfolio. Select an answer by clicking on the arrow for the range of choices available. Click "Calculate" to total your score.
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Are you satisfied that: |
Please specify |
| Planning |
you have carefully thought through your financial needs and spread your investments accordingly? |
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| Adequacy |
your investment returns will be sufficient to meet your financial needs? |
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| Risk |
you are not exposed to excessive or unnecessary risks? |
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| Risk |
you are dealing with the best people? |
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| Costs |
you are getting value for money with fees/commissions? |
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| Taxation |
you have a coherent tax minimisation strategy? |
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| Flexibility |
your affairs are flexible enough to handle the unexpected? |
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| Succession |
a successor/surviving spouse would be able to effectively manage your investments? |
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| Information |
you have the information to make quality decisions? |
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| Control |
you have the means to implement your decisions quickly and cost effectively? |
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| Administration |
the paperwork and administration required for managing your investments is minimal? |
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ORGANISATION AND MANAGEMENT SCORE |
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| Score three points for each "Yes" answer to the above questions. |
| Score one point for each "Unsure" answer to the above questions. |
Now it is time for the next step...
Phase 2. Reviewing Your Investment Portfolio
No one individual investment works well all the time. For the best investment results you need a diversified investment portfolio, made up of a mix of shares, property and fixed interest assets, spread across global markets. Different combinations of investments within a portfolio will impact on investment performance in terms of risk and return. So an important part of getting your investment strategy right is determining the mix of investments which will best meet your individual needs.
This section will help you analyse your investment portfolio to determine whether you hold the right mix of investments to achieve your financial goals. Firstly, enter the percentage of your portfolio which falls into each of the investment categories. If you hold investments in balanced funds you should enter the percentage of your balanced funds which falls into each investment category, adding it to any other holdings you have within that category.
The questions relate to important aspects which should be considered when determining whether the investments you hold are appropriate for your needs. Answer only the questions which relate to the investment categories you hold.
Note: * The suggested ranges are broad because the best mix will vary from person to person. The ranges given are those which, in our experience, deliver the best results for most people with investment horizons over 10 years. It may be acceptable for your mix to fall outside these ranges depending on your individual situation and goals.
Click "Calculate" to transfer your scores from the previous sections to the boxes provided, then read the analysis below to determine your investment diagnosis.
Is your investment health in good shape or do you need a thorough check up?Well done, you are confident in your investing and could probably just do some fine tuning. There's no need to lose sleep about your investing, even in uncertain times. It may be that significantly better returns or lower risk - or both - can be achieved. A quality, professional review of your investment strategy would be worthwhile and put you at ease. You need to reconsider your overall investment approach as it may not be meeting your needs. To put in place an investment strategy which works for you, start by spelling out your goals and then decide on the appropriate investments, addressing all of the above issues. Need some help? If you would like assistance in setting your financial goals and tailoring an investment strategy to achieve them, call Monitor Money 1800 236 082 to arrange an appointment. Please bring your completed Investment Healthcheck with you to the meeting. There will be no charge and no obligation, just a chance to see how we might help. As the Monitor Money Investment Healthcheck was compiled by Monitor Money, your local Monitor Money financial adviser is best qualified to address the investment issues it has raised. To find a financial adviser in your area click here. |
