Why tracking your investments is must?

First thing first, planning your investments is must. Financial planning involves various steps. First you need to define your aim. And than you need to act to achieve your aim. S electing the correct investment, allocating assets to the short-listed avenues based on the final aim. Now if you think that this is what is only required to be done than you are mistaken and you are on your way to loose money and control over your investments. Its is must that you track your investments on a regular basis. Tracking investments on regular basis does not mean that you change your portfolio every now and than. Also remember the golden rule of investment i.e., investment is always successful in long run. Tracking means keeping a close watch on your investments, understating the way they move upward or downward. An intelligent investor always tries to be more composed and don't get panic with daily fluctuations and takes the corrective action at the right time. There are a number of reasons why you need to keep a track of your investments. One of the main reasons in change in sensex or stock market over a period of time. Here, you must understand that the change is due to change on time period. Another reason could change in market factors. One more very important reason is change in political status of the state. Least but not the last factor is the environment. We have always restated that investors should hold manifold of investment portfolios, each catering to a particular need or objective. This again highlights the significance of tracking investments as it has a direct bearing on your future aims. For you, keeping a usual track of their investments provides you with the opportunity of identifying washout in their portfolio. As a result you can avoid failures and non performing investments.