You need to regularly monitor your portfolio and periodically adjust your investments to fit your asset allocation model. It's a process that takes time and discipline. If you'd rather spend your time with your family, at your job, or pursuing your favorite hobbies, consider leaving the job to a professional financial adviser. A good financial adviser will help you to create a financial plan that is unique to your needs. At the very least, you need a will specifying the distribution of assets upon your death and durable power of attorney forms.
Assess insurance needs Including life, health, disability, liability, etc.
Develop an investment plan Your plan should conform to your risk tolerance, time horizon, investment objective, and tax considerations. Since sound investing requires so much research, insight, and attention, it's the wise investor who turns to a knowledgeable, trustworthy professional for objective investment advice. Finding a trustworthy financial advisor is not always an easy task. Often, the most difficult part is knowing where to begin. Insurance solutions offered are obligations of the issuing insurance company.