In your personal finance journey, almost all the task will be one time like selecting insurance policy, tax planning, defining goals and needs monitoring once a year. But your portfolio should be monitored quarterly or even monthly. Once you decide your financial goal and you ready to invest, you should look for an asset allocation process. Investing in only one asset class can ruin your portfolio. Goal portfolio management is totally different from return based portfolio management Goal-based portfolio management involves: Reviewing financial goals Review past returns and comparing with current investment returns Any goals that can be achieved early?