After completing the first two stages, you can proceed to the third. This is the final step in the investment process, but it doesn't mean the end of your investing journey. You can only exit this stage permanently if you decide to stop investing altogether.

Reviewing your portfolio, much like doing a thorough house cleaning, should be done at least once a year. Over the course of a year, your goals, investment horizon, risk tolerance, and other factors may change. Additionally, the values of the instruments in your portfolio may fluctuate. Some may increase in value while others may decrease, altering their proportions in your portfolio. You will need to assess how well this updated portfolio aligns with your new goals. If it doesn’t, you will need to revisit the first stage and start anew with investment profiling and forming a new portfolio. And a year later, you will review it again.

You can rebalance your portfolio more frequently than once a year, depending on your goals and market dynamics. Keep in mind that each adjustment may incur commissions to managers or additional costs if you are buying and selling securities on your own. Interestingly, statistics show that women who invest independently through a broker earn more than men because they "reshuffle" their portfolios less frequently and thus incur fewer transaction costs.

How to Evaluate Investment Success

Every investor should know how successful their investments have been. To evaluate investment effectiveness in the financial market, you need to:

• Determine the investment result at the end of the year—profit or loss.
• Compare your portfolio’s return with a target index.
• Assess how successful your portfolio has been compared to similar ones.

It's important to note that an evaluation based on one year alone may not always be indicative due to the significant role of randomness. Ideally, you should assess investment results over several years—at least three years.

Conclusion

• Develop your investment vision, considering your goals, risk tolerance, age, and other relevant factors. Without this, the investment world will remain a mystery to you.
• Begin with simpler instruments, such as mutual funds, and gradually move on to more complex ones as you gain experience. Apply the same principle to your strategy: start with a conservative approach and shift to riskier strategies over time.
• Adhere to your chosen strategy and avoid chasing uncertain opportunities. Stock market investments should be viewed with a minimum horizon of two years.
• Reduce the risk of losses by diversifying your portfolio and gradually entering the market.
• Remember, investing in the stock market is not a quick way to get rich; it's a long-term, diligent effort.