Rising interest rates, surging inflation, geopolitical conflict and supply chain issues are just some of what we’ve all experienced in 2022. 2023 could be a bumpy year too, as headwinds and tailwinds compete. And that’s just the macroeconomic situation. On the microeconomic level, each one of us has our personal headwinds and tailwinds. The important thing is to recognise that life is not static, which means your investment plans can’t afford to be either.  

So how do you keep your investment strategy relevant and effective? The 3 Rs: Refocus, Refine and Realign it with the support of your NCB Capital Markets Limited’s Wealth Advisor. 

Refocus

As the investment landscape continues to evolve, it’s essential to refocus your investment strategy to ensure that it aligns with your current financial goals. This means taking a step back and reassessing your investment objectives, risk tolerance, and time horizon. Are your current investments still aligned with your financial goals? Are you comfortable with the level of risk you are taking on? Is your investment time horizon still suitable for your needs?

By refocusing your investment strategy, you can ensure that your investments remain aligned with your current financial objectives. This may involve adjusting your asset allocation to better align with your risk tolerance or investing in new sectors that can provide growth opportunities.

Refine

Once you have refocused your investment strategy, it’s time to refine it with the assistance of your Wealth Advisor. This involves looking at your existing investment portfolio and identifying areas that can be improved. This might include reducing your exposure to underperforming investments or reallocating capital to sectors that are showing strong growth potential.

It’s important to remember that your investment portfolio should be a living, breathing thing that needs to be regularly refined to ensure it remains aligned with your financial goals. This means reviewing your investments periodically with your Wealth Advisor and making necessary changes to ensure that you take advantage of the latest market trends and opportunities.

Realign

Finally, realigning your investment strategy to ensure that it’s tax-efficient and aligned with your overall wealth management plan is essential. This may involve working with your financial advisor to identify tax-saving strategies, such as tax-loss harvesting or strategic asset placement, to help you maximise your returns while minimising your tax liability.

Additionally, it may involve integrating your investment strategy with your estate planning, and wealth transfer plans to ensure that your investments are aligned with your long-term financial goals. By taking a comprehensive approach to your investment strategy, you can ensure that your investments remain aligned with your overall financial plan and help you achieve your long-term financial objectives.

Asking yourself some straightforward but important refocusing questions regularly is one way you can keep your investment plan and your goals in sync. By working with an NCB Capital Markets Limited’s Wealth Advisor and taking a comprehensive approach to your investment strategy, you can ensure that your investments remain refined and aligned with your financial goals.