If you have investment portfolios, whether company sponsored or something that you do independently, it is important to carefully monitor your investments. The market can be volatile at times, so keeping a watchful eye is necessary in order to see how your investments are doing. What you see will help you make decisions as far as possibly re-allocating or diversifying your portfolios to maximize your returns while minimizing losses. You can protect your nest eggs by making sound decisions based on market situations.
Watch the news. At times, what is going on in the economy or even some current events can directly affect the way the market reacts. There are some triggers that can cause investors to sell or dump their stocks, like the news of a company going bankrupt or that the company is not fairing well for a few straight days. News of instability in other countries that are main resources of prime commodities such as oil and rice can also affect people’s spending habits.
Watch channels that report on market status and have shows discussing how funds are performing. These shows also offer some tips to investors whether they are novice or expert investors. Some examples of such channels are CNBC, CNN, MSNBC and Bloomberg TV. These channels also have ticker symbols that run across the TV monitor 24 hours a day. Furthermore, they have shows that have guest speakers from different major fund groups, portfolio managers and financial experts that you can learn from.
Read the investment magazines, portfolio newsletters, prospectuses and other publications whether online or on paper to see how your stocks have fared in recent months, then compare performance to previous quarters and years. One of the best ways to be successful in kapitalanlage is to educate yourself. Surely, there are several factors that you need to consider. Being knowledgeable will help you to make the right decision and do the right action.
Read your investment statements carefully. You can request for a customized report that shows past performances for comparisons. Historical performances can provide trends to show you an overall view of the long-term performance of your investments. Make sure that the statements have no errors. If you feel that there are inaccuracies, you call your broker right away. If you do not get any response, call their head office to get someone to assist you.
Schedule a regular discussion with your broker or financial consultant so that you can review your portfolio on a regular basis. Ask as much questions to get more clarification as needed. Your broker can help you understand the account statements especially if you are still new to investing.
Subscribe to an online access of your investment account. If you have access to the internet, you can look up the current value of your investment by logging into your account.
Call your investment company’s 24/7 audio line. If you do not have access to the internet, you can call the company that manages your investments by using your account number and pin for daily audio updates.
Subscribe to text services that provide market updates. Some investment companies allow their clients an option to subscribe to text messaging services that they send to their client’s cell phones to give updates on stock and bond prices.
Track stock prices by going to NASDAQ website (www.nasdaqtrader.com). You can type the symbol name of the stock and it will give you the current value per share and shows how much it went up or down in points.
Use a portfolio accounting software to track your investments. Using this type of software can help simplify tracking of your investment expenses. It can track how much your investment is costing you, your deposits and withdrawals. There are certain programs that can also calculate your “real” rate of return, which tells you what your return is after paying all trading costs. Check the link under “Resources” for a list of available portfolio accounting and management software.
Give your stock a chance for a rebound. If you see the stocks fall, it may not be time to dump those yet. Give it a little bit of time to recover, especially if you see the ticker marks go up and down a few times all through the course of the day. However, if you see a consistent downward spiral of your stocks and there are no signs of going up before market closes, it is high time you make a decision. Call your broker or trader to find what next steps to take. Just remember to make a decision before it’s too late.
Tips amp; Warnings
Do not lose hope even if you lose a lot of money. Take a breather and think about your next strategy. Learn from the past- even when the bubble bursts, as it had happened before, the market will manage to recover eventually.
If you suspect malpractice, you can report to the National Association of Securities Dealers, the North American Securities Administrators Association, the Securities and Exchange Commission or your State’s Attorney General.
Do not disregard your overall well-being when watching the stock market. Some people lose sleep and appetite because of loss of investments.