| “Good
investors know, you gotta keep your hand in.”
Investments are in constant motion, so you need
to keep up. At least once a year, it’s smart to schedule
a portfolio review. Ask yourself:
- Are asset allocation and investment choices still in keeping
with my preference?
- What’s my time horizon? Are you within 10 years of
your goal? You may want to step down investment risk to focus
on preservation rather than accumulation.
- Is my account in balance? Sometimes a single investment
can mushroom if it performs particularly well. The problem
is that it then becomes bigger in relation to your other investments,
putting you at potentially more risk and your account out
of balance.
|
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