Why you should track and monitor your investments

livemint.com:

Management consultant, educator, and author Peter Drucker famously said, “If you can’t measure it, you can’t improve it." 

This idea resonates strongly in finance and investments. With the rise of digital payments and investment platforms, making and spending money is easier than ever. However, this convenience brings challenges, especially the risk of overspending because digital transactions can feel detached from physical money, often leading to impulsive purchases.

This ease extends to investments as well. Quick-access platforms allow us to invest in stocks, cryptocurrencies, and even high-risk asset classes in just a few taps. However, the speed of digital investing can lead to unthoughtful decisions. Unlike in the past, when investment choices involved more paperwork and time to consider, today’s instant investing carries its own risks.

This brings us to an essential principle of financial management: The importance of regularly monitoring and tracking investments and spending. Fortunately, technology now provides tools that simplify the process of reviewing and adjusting our finances, which supports better long-term planning.

A disciplined investment approach can be highly rewarding, especially when managed through a single, consolidated platform. Such a platform allows you to view all your investments and spending in one place, streamlining the process and making it easier to stay on top of your financial health. Here are several key benefits:

In our fast-paced world, financial management often takes a backseat. A single platform that combines all investment and spending data saves time, reducing the chances of putting off these important activities. With one consolidated view, you can quickly check your finances