How Do I Maximize Increased Fund Performance?
- 1). Use your computer and an Internet connection to research your current investment position in a fund and its performance to date. Evaluate all the holdings within that fund's portfolio and what is likely to significantly change based on current research available. Consult with your broker if you feel it will be helpful to get a financial adviser's opinion.
- 2). Select a modified position for your fund moving forward into the future based on your research findings and take a large position to maximize potential profits. Set up triggers either on your automatic account or with your broker so your funds can be withdrawn from the market immediately if your position begins to lose value.
- 3). Monitor your position and make regular decisions whether to hold that market position or to modify it further. Do not rely on someone's opinion only; perform your own research regularly to stay up-to-date with factors that will impact your investment on the market.
- 4). Map out where you are exposed to commissions and fees and reduce them where possible, by trade and by annual account fee. Eliminate brokerage assistance if you're simply doing trades and not seeking advice. Use cheaper, self-trading accounts to perform transactions.
