With everything we’ve been dealing with since the start of the year, from economic uncertainty to geopolitical conflicts, it’s hard to believe summer is here already. As summer kicks into high gear, now is the perfect time to do a financial wellness check. Just as our annual check-ins with our doctors and dentists keep our health on track, a midyear financial review acts like sunscreen- it keeps pain away. The purpose is to take a deep breath, assess and reflect on progress toward your financial goals, and adjust your strategy if your investment portfolio is not on track.
If your investing plan doesn’t feel as steady as it did back in January, you’re not alone. You may be thinking your New Year’s resolutions were a tad too optimistic. 2026 has brought its share of ups and downs, from tariffs and speculation on interest rates to geopolitical tensions resulting in higher oil prices. One of the key reminders we share with clients is that, despite the noise and volatility, investing isn’t about timing the market; it’s about time in the market. Market fluctuations are a normal part of investing. History has shown that while short-term volatility can be unsettling, disciplined long-term investors are rewarded over time.
So where do you start with your financial checkup?
Spending
Firstly, see if you are still on track with your spending.
Rising costs of goods and services, busy schedules, and small spontaneous spending decisions can add up fast. During times of uncertainty, it becomes harder for your budget to stay on track. Take the time to see where your money is going, and if it doesn’t add up, now is the time to regroup and be intentional with your spending so your money goes where you want and need it to.
Emergency Fund
Next, tackle your emergency fund.
Is it still intact? Have you maintained the balance, or have you taken a little bit here and there? If it’s the latter, look at ways you can top it up. Can you cancel a subscription you aren’t using? Are you overspending in another area where those funds could be put to better use? Now is also the time to ensure that your emergency fund is working for you. It should be in liquid instruments that offer principal protection while also earning some interest. Ensure your emergency funds are not invested in instruments that you cannot easily access.
Portfolio
Midyear is also a good time to review your portfolio. Is your asset allocation still aligned with your investment goals? Are your holdings performing as expected? Make sure your portfolio is not too heavily concentrated in any one security and consider whether you are still comfortable with its level of risk. You may need to make a few adjustments to rebalance and keep your portfolio aligned with your goals. A review can also help you spot opportunities to act on now, while positioning yourself for future ones.
A midyear financial wellness check is an ideal way to identify issues, rebalance, and uncover opportunities for the rest of the year. If you have veered, off course, do not worry, there is still time to adjust and continue progressing toward your financial goals. With the help of a licensed financial advisor, you can ensure you are on your way to a successful second half of the year.
Christine Rankine is Assistant Vice-President -Personal Financial Planning at Sterling Asset Management. Sterling provides financial advice and instruments in U.S. dollars and other hard currencies to the corporate, individual and institutional investor. Visit our website at www.sterling.com.jm
Feedback: if you wish to have Sterling address your investment questions in upcoming articles, e-mail us at info@sterlingasset.net.jm