Improve Your Investing--and Your Christmas

Reviewing your investments at the end of the year is a good idea but here's a better one: Do it now

Gregg Wolper 6 December, 2012 | 7:00AM

For those of us who feel as if 2012 began just a few weeks ago, it's hard to believe the end of the year is approaching. But the calendar doesn't lie. Many investors view late December or early January as the ideal time to take a broad look at their finances as part of an annual or semiannual review. That's a good idea in a way--it's preferable to ignoring your investments--but here's a better one: Do it now.

Why? Mainly because the period from mid-December through to the first part of January is typically the most hectic and exhausting time of the year--even if it supposedly includes some time off work.

Vowing to review your investments in the year's final weeks might sound reasonable in theory. But in practice, you're likely to be scrambling to find last-minute gifts, dealing with children or grandchildren unencumbered by school, rushing to finish final work projects, and planning and packing for holidays. Perhaps by the time your investment review comes up on your schedule, you'll already be off to some destination where the exact percentages of your pension plan allocations are, to put it mildly, not at the top of your mind.

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The information contained within is for educational and informational purposes ONLY. It is not intended nor should it be considered an invitation or inducement to buy or sell a security or securities noted within nor should it be viewed as a communication intended to persuade or incite you to buy or sell security or securities noted within. Any commentary provided is the opinion of the author and should not be considered a personalised recommendation. The information contained within should not be a person's sole basis for making an investment decision. Please contact your financial professional before making an investment decision.

About Author

Gregg Wolper  is an editorial director and senior fund analyst at Morningstar.

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