Last month, March 2017, after completing article “Things to do before March 31” I decided to verify my Asset Allocation. A few months back I did review of my investments, wherein I ran few basic checks to find out if my selected funds are doing what they are supposed to do. But, review of funds and review of asset allocation is not the same thing. Review of funds is to verify whether funds are on right track wherein review of asset allocation is to verify whether I am on track with asset allocation, which I had planned earlier, or I am drifting towards any one asset, probably Equity as markets are reaching heights.
Personal Finance is Personal, we get it. But, there should be a simple guide which can help us review our finances time to time, it should be simple enough so that anyone can understand it easily and at the same time it should be customizable enough to cater all situations of any group of ages.