Posted on December - 18 - 2010

Balancing Act: It’s Time For Some Portfolio Management

As 2011 approaches and your year-end task list lengthens, we bring you a special PSA: Don’t forget to rebalance your investment and retirement portfolios. Rebalancing a portfolio is kind of like getting a haircut for your investments—you start off with the style you want, but it gets pretty messy unless you groom it every so often. The LearnVest deadline for visiting the financial barbershop is December 29th, but we know how much it sucks to pore over investments when you’d rather be enjoying Christmas and New Year festivities, so we recommend that you do this now. We’ll show you how.

Think About Whether You Should Try Out A New Financial Hairstyle.

Just as you might mix up your ‘do as seasons and trends change, evaluate whether you should use a different strategy in your portfolio because something has changed in your life situation, like your family, life goals, career, or anything else. If not, you’ll still need to go in for a trim. To find out whether your needs have changed, and to get a suggested breakdown of how you should divide your investments, take our LV Risk Tolerance Quiz.

Don’t Be Afraid To Jump In: The Economy May Be On The Rise.

Just a few weeks ago, Warren Buffett, the investing guru who is also the second richest man in America, was quoted as saying, “We will be better off two years from now than we are now unless there is some nuclear, chemical or biological event. But the one thing I’m absolutely sure of is that the best years of America lie ahead.” So, take heart, and don’t use the bad economy as an excuse not to save up for retirement or other big purchases like a home or graduate school. If you don’t have a retirement or investment account yet, we suggest opening one now (for more detailed guidance on how to start, check out our Investing Bootcamp).



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