A 30-minute guide to managing your investments

Nov 27 2012, 12:55 IST
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SummaryWhile most investors would like to make a quick buck, they must realise the risks involved. Risk of losing capital because of unscrupulous promoters is a risk-reward parameter one must look at before investing.

30 minutes of your time to look at your finances. It could start with checking your bank statements of the previous month and verifying the transactions. Check if any unknown debits or credits have taken place. If so, contact your relationship manager at the bank.

Managing portfolio: Look at your portfolio statements across mutual funds and direct equity. If any fresh purchases have taken place, do ensure the documents and papers are in place.

Also, plot the actual expenses incurred for the household with the budget and check the expense. This will help you to keep tab on the unwarranted expenditure.

Record in your excel sheet (start one, if you dont have already) and record all important contacts, and update them for any change during the month.

Many a times, due to improper document management, an investor has to spend an inordinate amount of time to retrieve documents in an emergency. Also, inheritors may have to have face legal hurdles.

Investment management is todays wired world is much easier. All you need is discipline to ensure that your hard-earned money is not wasted.

The author is founder and managing partner of Zeus

WealthWays LLP

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