Global View Investment Blog

Mid-Year Checkup: Is Your Portfolio on Track for Your 2024 Goals?

Can you believe it’s already July? Time seems to fly by, especially when you’re busy! Just like regular check-ups with a doctor are crucial for your health, regular financial check-ins are essential for maintaining your financial well-being. This mid-year period is the perfect time to assess your portfolio’s performance and ensure it’s on track for your long-term goals. By doing so, you can make any necessary adjustments to stay aligned with your financial objectives.

Moreover, mid-year reviews offer an opportunity to reflect on any significant changes in your life that may affect your financial plan. Have you experienced a job change, received an inheritance, or had other major life events? These factors can impact your financial strategy, making it even more important to review and adjust your portfolio to stay on course. Stay proactive and take control of your financial future through a mid-year financial review.


The Power of Regular Portfolio Reviews

Regular portfolio reviews offer significant benefits for investors. One key advantage is identifying areas that might need adjustments. By regularly assessing your portfolio, we can spot underperforming assets or sectors that no longer fit your investment strategy. This initiative-taking approach supports informed decisions about where to allocate your resources for optimal returns.

Another crucial benefit is rebalancing based on market fluctuations. Market conditions are constantly changing, and your portfolio’s asset allocation may drift from your original plan. Regular reviews with an investment advisor in Greenville, SC, allow you to realign your assets, ensuring they remain balanced and diversified. This practice helps manage risk and keeps your portfolio aligned with your financial goals.

Lastly, regular portfolio reviews ensure your investments align with your evolving goals. As life circumstances evolve, such as taking a new job, navigating retirement, or recognizing new financial needs, your investment strategy may need to be adjusted. Regularly reviewing your portfolio allows you to make necessary changes, ensuring your investments continue to support your long-term objectives and financial aspirations.


Key Questions to Ask Yourself During Your Mid-Year Check-In 

Seeking professional guidance for an in-depth analysis is highly beneficial during these check-ins. Global View, the leading fee-only financial advisor in Greenville, SC, provides expert insights, helping you navigate complex decisions and optimize your investment strategy. Our expertise ensures that your portfolio is well-positioned to achieve your financial goals, giving you peace of mind and confidence in your financial future.

Here are some questions to reflect upon for your semiannual review:

  • Have there been any major life changes that might impact my financial goals (e.g., job change, inheritance)?” Major life events can significantly alter your financial landscape, requiring adjustments to your investment strategy to stay on track.

  • “Am I comfortable with my current asset allocation, considering recent market performance?” Market conditions fluctuate, and your risk tolerance can change. Ensuring that your portfolio’s allocation aligns with your comfort level and current market trends is crucial for maintaining a balanced investment approach.

  • “Do I need to adjust my savings contributions to stay on track?” Your financial goals may evolve, and regular assessments of your savings rate can help ensure you’re progressing toward your objectives. Adjusting your contributions can keep you aligned with your long-term financial plan.


How a Fiduciary Advisor Can Help You Stay on Track

A fiduciary advisor plays a crucial role in managing your financial health. Unlike other financial advisors in Greenville, South Carolina, Global View Investment Advisors is a fiduciary, legally obligated to act in your best interest. This means we provide unbiased advice tailored to your unique financial situation, ensuring your goals are prioritized above all else.

Working with fiduciary investment advisors like Global View for your mid-year check-in offers several benefits. First, you receive personalized guidance that considers your specific circumstances and financial goals. Our expertise in navigating market volatility helps you make informed adjustments to your portfolio, maximizing potential gains and minimizing risks.

Moreover, a Greenville fiduciary advisor provides peace of mind. Knowing that your financial plan is continuously monitored and adjusted to stay on track gives you confidence. Our commitment to acting in your best interest ensures that your financial future is in capable hands, allowing you to focus on other important aspects of your life.


Now Is the Time to Act

In conclusion, conducting a mid-year check-in is crucial for maintaining your financial stability and ensuring your investment strategy remains aligned with your goals. This process allows you to identify necessary adjustments, rebalance your portfolio, and stay on track with your long-term objectives. 

For personalized guidance and professional insights, contact us today at Global View Investment Advisors for a complimentary consultation. Our dedicated team is committed to your success, focusing on building long-term relationships and helping you navigate the complexities of financial markets. As your fiduciary in Greenville, SC, let us help you achieve your financial goals with confidence and peace of mind.

Matthew Crider

Written by Matthew Crider

Matt is a CERTIFIED FINANCIAL PLANNER™ professional who has been in the financial advisory business since 2008. He holds a BA in Marketing and Management from the University of Cincinnati and his MBA from Clemson University. Prior to Global View, Matt began his career with Fidelity Investments. His specialties at Global View include asset accumulation and investment strategies; college funding strategies; budgeting discipline and analysis; multi-generational planning; and life event changes, such as marriage, kids, home purchase, retirement, etc.

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