As the year progresses, it's crucial to take stock of your financial situation. A mid-year financial review allows you to assess your progress, identify potential roadblocks, and make necessary adjustments to get you closer to your goals.  Regular portfolio reviews exemplify the importance of strategic asset allocation for long-term success in your personal wealth management in Singapore.

Importance of mid-year financial reviews

A mid-year review provides a timely opportunity to evaluate your financial goals and ensure you are on track. It is a chance to: Analyse your income, expenses, and investment performance to-date.Identify areas that may need attention or course corrections.Adjust your strategy based on changing circumstances or market conditions. ‍

Who should do a mid-year financial review?

For those with specific financial goals

A mid-year financial review is highly recommended for individuals who have set specific financial goals, such as saving for a home, kids' education, an emergency...