- 1). Gather all the documentation you have about your assets. This can include items such as titles and sales slips, bank statements, appraisal reports and brokerage reports.
- 2). Organize your asset documentation into four major classes: stocks, fixed income, cash equivalents and real estate and other tangible assets, as suggested by Warren Wealth Management.
- 3). Assign a label to each item in the portfolio that clarifies whether the item is a short-term, mid-level or long-term investment. Also assign a label that shows whether the investment is low, medium or high risk.
- 4). Note the value of each portfolio item, including the projected earnings from interest.
- 5). Tally the value of all the items in each class to determine the overall value of the investments in each class and the percentage each class has compared to the entire portfolio. This allows you to see very easily whether you are investing too heavily in one area.
- 6). Make a list of all your assets. Include the title of each asset, its class, value including the rate of applicable interest, its duration and risk level. Rank the assets according to each of these items to create separate spreadsheets. This lets you quickly view all your assets according to different criteria. Label the spreadsheets clearly and put them at the beginning of the portfolio, along with a separate pie chart that shows the percentage of the portfolio taken up by each class or, even more specifically, each asset.
- 7). Put your asset documents in a binder organized by class. Separate each tab with a divider. Alternately, for an electronic portfolio, scan all your documents and put them or a summary of their information into a similarly organized PowerPoint presentation, which you can convert to a PDF file if desired.
previous post