Even the most experienced investors need to put aside some time out of their busy lives for a quick annual check-up.

In five minutes, you can spot small issues before they become big ones:

1. Has your attitude to taking risk changed? Life events or business changes can shift your comfort with risk.

2. Are you as diversified as you should be? Act to take profits if one asset class or sector has grown too large (particularly now with recent strong property and share market performance).

3. Does your superannuation complement your other investments? Take a whole of portfolio perspective.

4. Is your cash balance ok? Enough for opportunities and expenses, but not so much that you don’t capture the returns you need.

A quick review like this each year helps keep your money aligned with your goals and saves time and stress later.

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