Moneyspider in the News

How to make sure your portfolio's in good shape

Moneywise 

Its only when something goes wrong that you realise it hadn't been running as smoothly as you thought it was. That's why you have an MOT on your car once a year and why the dreaded visit to the dentist can't, unfortunately, be put off for ever. The same applies to you investments - if you don't keep regular tabs on them, you could see years of savings go up in smoke. 

Too few investors subject their investment portfolio to a regular MOT. But if you set aside an hour or two every six or 12 months to look at how your investments are doing, to ensure nothing's going off the rails and costing you money without you realising it, you could be doing yourself a massive favour.  

Checking performance 

One mistake commonly made by investors is remaining in funds that aren't just doing their job. This is usually because once the money is invested, its left alone too long, so even if you're not losing money, you might not be making as much as you could. 

According to Moneyspider.com, which monitors individual fund performance, thousands of investors fall into the trap of keeping their money invested with big name fund groups that fail to live up to their reputation. ' Investors are constantly being short-changed by many of the funds promoted by the largest fund management houses. These groups spend heavily on marketing but then consistently struggle to deliver the goods,' says Moneyspider spokesman, Tony Ahearne.