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George Chamberlin: Mid-Year Investment Portfolio Review

George Chamberlin | 7/06/2016 10:47 a.m.
Here we are, half way through 2016 already. Odds are somewhere in your desk or in a stack of paper are your resolutions for the New Year. Don’t feel bad, most people never follow through and the middle of the year is a good time to refresh things and give it another try.

First of all, your investments. So far the stock market is little changed in the past six months. Interestingly, 2015 was almost a flat year, too. So you haven’t lost much ground with your portfolio, then again, you haven’t made much progress either.

Now would be a good time to review your retirement plans to make sure they are in tune with your investment goals and objective. The younger you are the more growth-oriented you should be. That will give your investments time to ride out the inevitable peaks and valleys that come around.

If you are closer to retirement, start thinking about income. True, interest rates on bonds are very low, but high quality dividend paying stocks with a track record of regular increases in the payout may be the right way to go.

Away from your investments, there are many other things to be considered. For instance, have you refinanced your home mortgage? This is one area where low interest rates work to your benefit. Check with the financial advisors in your nearest SDCCU branch and let them show you how to reduce your payments as your home value rises.

Finally, do you have an estate plan in place? Making sure your assets go where you want them to go after you are gone will provide peace of mind for you, your spouse and your children. A simple will may be all you need, but a living trust will avoid expensive and time consuming probate.

If you accomplish any of these things during the next six months you are way ahead of others. We’ll circle around again when 2017 starts to revisit the rest of your resolutions.

SDCCU has partnered with San Diego financial expert George Chamberlin to provide you the best in financial education and money management tips.


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