Go to the Globe and Mail homepage

Jump to main navigationJump to main content

One, Two, Three (Thomas Polen/Getty Images/iStockphoto)
One, Two, Three (Thomas Polen/Getty Images/iStockphoto)

Investing Basics

Three reasons to keep track of your investments Add to ...

​Step 6 to investing is tracking your progress against your goals so you can make any necessary adjustments along the way.

Three reasons to keep track

1. To know how your investments are performing

Check the account statements for all of your investments every month so you know how much you’ve earned towards your goals. You can also compare your returns with those of similar investments in a benchmark index. If you’re not sure what index to use, you may want to ask an adviser.

More Related to this Story

2. To know what you’re paying in fees

Your account statements will also tell you about your costs and fees. Any fees you pay will lower the return you make on your investments. If you think you may be paying too much in fees, find out if there are lower-cost alternatives that may be appropriate for you.

3. To adjust your portfolio if you need to

Monitor your investments to check if they are helping you reach your goals. If not, you can make changes sooner rather than later.

Content in this section is provided in partnership with Investor Education Fund, a non-profit organization founded and supported by the Ontario Securities Commission that provides unbiased and independent financial tools to help Canadians make better money decisions. To find out more, go to: GetSmarterAboutMoney.ca


Follow us on Twitter: @GlobeInvestor


In the know

Most popular video »


More from The Globe and Mail

Most Popular Stories