In this season, we’ve been looking at each individual area of your personal finances, to make sure that nothing has drifted from lack of attention. Financial success requires you to be intentional and deliberate in everything you do, but so many people drift through life amassing pensions, investments and policies, and often have the underlying money invested in poor, default funds.
So today we’re turning the spotlight on your portfolio, that is, the underlying investments which will drive your financial success.

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Sponsor Message

This podcast is brought to you with the help of Seven Investment Management, a firm of investment managers based in London. They specialise in multi-asset investing, bringing institutional investing techniques to ordinary people like you and me. 7IM put their name to my show and to my site because they believe in what I’m doing, trying to get decent, easy-to-understand financial information out to the world. I’m very grateful to them for their support.

You can see what they’re up to at 7im.co.uk

Audit Your Portfolio

Many of us will have different accounts, for different things. Maybe you have an ISA for your daughter’s university saving (that’s me), a pension for your retirement, and some other pots of money for different goals and plans. But inside each of these accounts will be the actual assets you’re invested in. It can be all too easy to just opt for the default funds within the ISA sold to you by the bank, or to leave money held in cash, when it should be invested properly. So, let me give you some steps to take to make sure all is as it should be, and to help you be intentional about your investing.

Risk/Timescale Matrix

In the show I refer to a matrix of risks and timescales. It can be hard to describe a visual matrix in audio only, so here it is!

Resources

Here's the cheatsheet I've put together to summarise the things I talk about in this session:

Podcast: S2E4: Practical Asset Allocation

Risk measurement: MyRiskTolerance.com

Season: MeaningfulMoney Season 3, Behavioural Finance

Podcast: Audit Your Platform and Wrappers

Website: FE Trustnet

Website: Morningstar

Transcript

And here's a transcript, kinda:

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