4. Align Your Communication Preferences
How do you receive financial information? Do you have paper statements for some accounts and electronic statements for others?
Keeping track of statements and transaction confirmations may be easier if they're all delivered the same way. Decide whether you want to store your statements (as well as tax forms and other pertinent investment documents) electronically or in a secure or locked filing cabinet. Log in to update your preferred delivery method.
Additionally, if you're not receiving statements, follow up. Missing paper statements could be a sign of identity theft. Learn more about how American Century Investments® protects clients' accounts, as well as how to protect yourself on- and offline.
5. Read Updates and Insights
Emails from your investment company provide an easy way to see how market events may affect your investments. News outlets can provide general economic and market information, but company-specific communications will show you how your own investment manager is positioning assets.
6. Reevaluate Automatic Investments
If you've received a raise or expanded the scope of your investment goals, you may want to consider adding or increasing automatic investments. In fact, some retirement plans offer automatic increases (1% more each year, for example) to make it easier for investors grow their retirement plan contributions along with their salaries.
7. Call Before Major Account Transactions
Potential tax implications, upcoming fund distributions, and current economic and market events could have an outsized effect on large purchases and redemptions. Make it a point to call your advisor or a financial consultant each time you make major transactions to address factors that could affect your bottom line.