If you’re like most people, you probably worry about your portfolio on a regular basis. You might feel like you’re not doing enough to grow your investments, or that you’re not taking the right risks. And let’s face it – investing can be downright scary at times! But what if we told you that there was a way to stop worrying about your portfolio for good?
Stop Worrying about your Portfolio
In this blog post, we will discuss tips that will help you relax and enjoy life while your investments continue to grow.
Invest In Guaranteed Return Opportunities
One of the best ways to stop worrying about your portfolio is to invest in guaranteed return opportunities. These are investments that offer a fixed rate of return, no matter what happens in the markets. For example, you could invest in a high-yield savings account or a certificate of deposit (CD).
These types of investments are ideal for people who want to sleep well at night knowing that their money is safe and sound. And the best part? You can typically find guaranteed return opportunities with very low minimum deposits, so they are perfect for people with smaller portfolios.
Diversify Your Investments
Another way to stop worrying about your portfolio is to diversify your investments. This means investing in a variety of different asset classes, such as stocks, bonds, and cash. By diversifying your portfolio, you will be less likely to experience big losses if one particular investment type takes a hit.
For example, let’s say that you have all of your money invested in stocks. If the stock market crashes, then your entire portfolio will take a big hit. However, if you diversify your portfolio and have some of your money invested in bonds, then you will still have some money to work with even if the stock market crashes.
A good rule of thumb is to diversify your portfolio so that no more than 20% of your assets are in any one investment type. This will help to reduce your risk while still providing the potential for growth.
Use Technology to Your Advantage
One of the best ways to stop worrying about your portfolio is to use technology to your advantage. With today’s technology, you can track your investments 24/seven from anywhere in the world. This means that you can keep an eye on your portfolio and make changes if necessary, without having to constantly worry about it.
There are a number of different apps and websites that you can use to track your investments. Some of our favorites include Mint, Personal Capital, and Wealthfront.
All of these platforms offer a variety of features that will help you stay on top of your portfolio, including the ability to track your investments, set up alerts, and create a budget.
By using technology to your advantage, you can relax and enjoy life while still keeping an eye on your portfolio.
Automate Your Investments
One of the best ways to stop worrying about your portfolio is to automate your investments. This means setting up a regular investment schedule and letting the computer do all the work for you.
There are a number of different platforms that offer automated investments, including Wealthfront, Betterment, and Acorns. These platforms allow you to invest your money in a variety of different asset classes, including stocks, bonds, and real estate.
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Plus, many of these platforms offer low minimum deposits, so you can get started with minimal investment. By automating your investments, you will be able to relax and enjoy life while your money continues to grow.
Be Risk Aversive
One of the best ways to stop worrying about your portfolio is to be risk aversive. This means that you should only invest in investments that you are comfortable with and that offer a low risk of loss.
For example, if you are uncomfortable with investing in stocks, then you should avoid investing in stocks. Instead, you could invest in bonds or cash.
By being risk aversive, you will be able to sleep well at night knowing that your money is safe and sound.
Know Your Weaknesses
One of the best ways to stop worrying about your portfolio is to know your weaknesses. This means that you should only invest in investments that you understand and that offer a low risk of loss.
For example, if you don’t understand how the stock market works, then you shouldn’t invest in stocks. Instead, you could invest in bonds or cash.
By knowing your weaknesses, you will be able to invest with confidence and peace of mind.
Always Be Ready For the Worst Case Scenario
One of the best ways to stop worrying about your portfolio is to always be ready for the worst case scenario. This means that you should have a backup plan in place in case things go south.
For example, if you are invested in stocks and the stock market crashes, then you will need to have a plan B in place. This could mean investing in bonds or cash.
By always being ready for the worst case scenario, you will be able to relax and enjoy life knowing that you have a plan B in place if needed.
Worrying about your portfolio can be stressful and counterproductive. However, by using the tips above, you can stop worrying about your portfolio and enjoy life.
Josh is the owner and lead writer at Daily Wisely. His career has taken him from finance to blogging, and now shares his insights with readers of Daily Wisely.
Josh's work and authoritative advice have appeared in major publications like Nasdaq, Forbes, The Sun, Yahoo! Finance, CBS News, Fortune, The Street, MSN Money, and Go Banking Rates. Josh has over 15 years of experience on Wall Street, and currently shares his financial expertise in investing, wealth management, markets, taxes, real estate, and personal finance on his other website, Top Dollar Investor.
Josh graduated from Cornell University with a degree from the Dyson School of Applied Economics & Management at the SC Johnson College of Business.