Getting in shape is arguably one of the most frequent New Year’s resolutions. But it’s not just people who can benefit from a New Year’s tune-up. Here are three exercises we can use to help ensure your portfolio stays in top shape.
The key to good physical fitness is balance. The same is true for your fiscal fitness. To achieve balance in your ortfolio, we start by reviewing your goals and the value of your individual holdings, which may have changed over the course of the year. For example, if your equities have outperformed, they may now represent a larger proportion of your portfolio, which could mean more potential volatility than you are comfortable with.
Rest assured, this kind of reducing doesn’t involve any hard-to-keep resolutions. Rather, as part of the balancing process we may want to prune back investments that no longer fit your investor profile or crystallize gains from any that have outperformed.
An ideal way to strengthen your portfolio is with pre-authorized contributions. We can then look at how best to deploy this year’s contribution. For example, you might choose to use new cash infusions to top up existing holdings. On the other hand, it could also be directed to new sectors that complement your existing investments.
Call us soon to set up your New Year’s portfolio tune-up.
Larry Kleinmintz, R.H.U., T.O.T., M.D.R.T.
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