Don’t buy and forget. Make sure your investments are still on course.
Aim to review your portfolio every six months. if any of your investments aren’t doing the job, consider selling them. You don’t have to hold on to poor performing investments.
If you find a share or fund that offers the potential to perform better than one of your existing investments, consider switching.
Over time, some investments will do better than others, so you need to check your asset allocation and rebalance if necessary/desired.
Always keep a close eye on the costs you are paying. For example, if you have a fund which essentially tracks an index, you might be better off with a tracker fund, since the costs are generally lower.
Balancing risk and reward is critical to achieving your goals. One good strategy is to reduce risk levels the closer you get to withdrawing and using your money.
One way of deciding the right time to sell your shares is by setting a target level. You don’t have to sell, but it does act as a reminder to review the situation.
Often, a share won't move for many months after you have bought it. Even highly recommended shares might stall for a while. Keep in mind the reason why you invested and the time horizon you set.
Just because you once worked for a company or regularly shop at a certain store doesn't necessarily mean the business is a good investment.
Similar to when you are researching investments, if company directors are buying shares in their own company, it could be a good sign. Read other brokers’ views and keep an eye on market news and reports.