“We should hold onto our investments for the long term to realise their true value.”
The statement above sounds simple, but is a lot harder to do than most investors realise.
Unfortunately, investing is not just about buy and forget.
Businesses are subject to external factors that may weaken or strengthen them over the years.
As investors, we need to put in the effort to nurture our portfolio and monitor it for risks.
If we can do so successfully, then the path to a comfortable, worry-free retirement will be much smoother.
Here are five steps you need to take to ensure that your retirement portfolio stays robust.
1. Monitoring the business
As the internet proliferated around the world, business cycles have become shorter.
Smartphones, which have played a major role in enabling internet connection, have led to changes in the competitive landscape that investors may not have fathomed two decades ago....