Throughout the year, markets move up and down. Some years, the swings can be drastic. It’s important to review your allocation to ensure that your risk level is still appropriate for your goals and time horizon. It’s typically a best practice to rebalance your portfolio at least annually.
While it’s important to keep your allocation updated, it’s best to avoid major allocation shifts based on economic events that are outside of your control. Make sure to consult with your trusted advisors prior to making an allocation decision. Investment mistakes can take a lifetime to correct. Keep in mind that investment success comes down to making the right decisions for a long time. Slow and steady wins the race!
