4 reasons your investment portfolio may need a checkup
All investment portfolios require periodic maintenance—especially in volatile times. Is yours due for a checkup? Here are some steps to consider.
Realign portfolio drift.
Market volatility may mean that the mix of stocks, bonds, and other assets you own is no longer aligned with your investment goals. Consider resetting your asset allocation to match your plan.
Use volatility to your advantage.
Rebalance your portfolio to your planned allocation by selling outperforming investments and buying underperforming ones that potentially offer better opportunities.
Avoid emotion-based decisions.
When the market headlines are telling you to sell, it can be tempting to make rash decisions. Regular portfolio maintenance and periodic rebalancing may help you avoid potentially costly mistakes.
Adjust for changes in your life.
When life events impact how you want to invest, be sure to check your investment goals, timeline, and risk tolerance.