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2011

Are You Financially Planned In 2011 And Prepared For 2012?

In just a few hours, we will be saying goodbye to Year 2011 and welcoming 2012… how are you, in the financial planning aspects?

Some Questions To Reflect Back In 2011

If you are not too sure of your current state, here’s some general questions that you can ask yourself and it’s also a good reflection of what you need to focus on in the coming 2012…

Ask yourself:

– Did your savings grow, remain the same or shrink?

– How’s your investment portfolio?

– Do you feel more ready for your Retirement?

– In terms of any unforeseen circumstances – are you prepared?

– With the weather so unpredictable, are your precious assets well protected (or well-insured)?

– In terms of educating yourself in the area of finances, have you done so?

– Your health – is it well maintained?

If you feel that there’s a big shortfall in terms of your planning for any of the above mentioned, I will always say that it’s still not too late – if you sit down, set your mind and draft out some plans to really tackle them in 2012. Likewise, with the financial planning industry gearing up (the recent regulations being that Planners would need to take up more investment credentials to better advise for their clients – it’s a good time to arrange for a discussion with your Financial Planner!

What You May Need To Pay Attention To In 2012

– Unforgiving Economy

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How To Financially Prepare Yourself For 2011

2010 is coming to an end soon and we will be welcoming 2011 in around 11 days time! And before the year ends, this is a good time for you and I to look into our Financial Planning.

What Are The Areas That We Can Look Into?

In simple terms with regards to Financial Planning, as long as it involve some form of monetary sense, it’s always good to look into. And if you like to know something concrete, here’s a list of what you can start looking into:

>> Your Financial Investments

Financial Investments would include your Investment-Linked Plans, Stocks, Shares, Unit Trusts. This can also include your investment properties (though not much changes can be done in the physical area). And basically, you will need to know with the past and present economical changes, how has it impacted your investment portfolio?

You may ask yourself these questions:

What Am I Doing These Investments For? Retirement? Mid-Term Wealth Accumulation? On Impulse? Answers to these will help you to keep track of your final objectives.

How Are My Funds Performing? As compared to end 2009 and now end 2010, how’s the performance been? Any changes needed to make sure that I am on track to my objectives?

Do I Need To Pay Particular Attention To Any Investments? This will better prepare yourself for 2011, keeping track of funds that need your most attention will make sure you will not face any last minute economical shock.

>> Review Insurance Portfolio

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