DURING & POST
risk attached and you should stick
Self-management of your
portfolio and risk
Many people reading this might feel that they simply aren’t confident enough
to manage their own retirement plan. It can be an unnerving prospect, but
there is a lot of help out there and the more daunting prospect is doing
nothing, or leaving your savings in cash.
It is possible to build a successful portfolio based
around a level of risk you feel comfortable with and
there are lots of tools, ratings and guidance available
to check whether your plan is on track on an
ongoing basis. As long as you can get comfortable
with the fact that the market goes down as well as
up in the short term, then you should be able to
manage your own retirement programme.
The internet has provided many investor forums,
guidance and tools to help DIY investors, but
remember that there are excellent investment advisers
available should you feel you need to talk to one.
Most investments have a level of risk attached, from
cautious to adventurous, and you should stick to the
risk level you feel most comfortable with for your
peace of mind.
DIY services are increasingly offering model portfolios
and solutions designed for the less confident investor,
where much of the fund selection process has been
conducted by experts.
Trustnet Direct offers model portfolios, a fund health
check service and a goal tracker to help less
confident investors make the right decisions and
monitor the performance of their portfolio.
Key points
You may not feel comfortable managing your
own money, but there are many tools and
ratings available to help you
Most investments have a level of risk
attached and you should stick with one you
feel most comfortable with
Many providers offer model portfolios, where
the fund selection process has been conducted
by experts
Link here
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