You should always be able to ask as many questions as you’d like when working with your financial advisor.
Are my goals still realistic? When you first began working with your financial advisor, you may well have articulated a number of financial goals. In fact, you could have many different goals for which you’re saving and investing. When you meet with your financial advisor, you’ll certainly want to ask if you’re still on track toward meeting these goals.
Am I taking on too much – or too little – risk? The financial markets always fluctuate, and these movements will affect the value of your investment portfolio. If you watch the markets closely every day and track their impact on your investments, you may find yourself fretting considerably over your investments’ value and wondering if you are taking on too much investment risk for your comfort level. Conversely, if you think that during an extended period of market gains your own portfolio appears to be lagging, you might feel that you should be investing more aggressively, which entails greater risk.
How will changes in my life affect my investment strategy? Your life is not static. Over time, you may experience any number of major events that can affect your long-term goals and, consequently, your investment decisions.
How are external forces affecting my investment portfolio? Generally speaking, you will want to create an investment strategy that’s based on your goals, risk tolerance and time horizon. Try not to make long-term investment decisions based on short-term news.
By making these and other inquiries, you can help yourself stay informed on your overall investment picture and what moves, if any, you should make to keep advancing toward your goals.