Most investors glance at their accounts, see the balance move, and stop there. But a quick “checkup” can reveal whether your money is really working for you.

1. List every holding and its job. Each investment should serve a purpose – growth, income, stability, or diversification. If you can’t name the role, that’s a warning sign.

2. Spot hidden overlap. Different funds often own the same big companies. Too much duplication reduces diversification and may add extra costs without extra benefit.

3. Check fees and costs. Expense ratios, account fees, and trading charges may look small but compound over time. Know what you’re paying and whether it’s worth it.

4. Match risk to goals. Your mix of investments should reflect your timeline and objectives. The right risk level is the one that fits your situation.

5. Make a keep-or-cut list. Summarize everything on one page: what each holding does, what it costs, and whether it stays or goes.

A clear review can turn a scattered account list into a purposeful plan.

Disclosures: This article is for informational purposes only and should not be considered individualized investment advice. Investing involves risk, including potential loss of principal. Past performance is not indicative of future results.