Wealth Management: Why is investment plan useful? What should I know about investment planning and management?
Usefulness of Investment Plan
An investment plan outlines your objectives and ensures the investments you hold are appropriate for you. It provides clarity and direction to your investing decisions.
The investment plan would determine how your assets should be invested based on your investment experience, tolerance for risks and objectives.
Investment Planning and Management
Your investment plan would depend on your goals and your willingness to take risks.
You need to monitor and perform regular review on the performance of your investments to ensure that you are on track to achieving your goals.
Your investment plan may be modified based on the performance of your investments or changing market conditions.
In designing an investment plan, you need to consider:
Reprinted with permission from BankingInfo (A Consumer Education Programme by Bank Negara Malaysia)
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