In all my years of managing wealth (more than 35 now!), I’ve seen the same mistakes being repeated, regardless of portfolio size.
So here’s a short list of what to watch out for:
- Too Little Diversification
Overweighting one asset, sector, or geography means you’re tied to its fate. The goal is to spread risk so no single downturn hurts too much.
- Chasing Last Year’s Winners
It’s human nature to buy what’s been doing well. But performance rarely repeats consistently year to year.
- Ignoring Tax Efficiency
A portfolio that grows 8% but loses 2% to unnecessary tax each year is effectively only returning 6%. Wrappers like ISAs, pensions, and offshore bonds matter.
- Over-Trading
Frequent buying and selling racks up costs and crystallises gains unnecessarily.
- Not Rebalancing
Over time, strong performers grow disproportionately, changing your risk profile. Rebalancing locks in gains and restores balance.
At Hartey Wealth Management, our processes check for these factors as we know that it’s not about chasing perfect timing, it’s about avoiding costly habits.
Contact us to arrange your portfolio health check. It could save you more than you expect.
