Welcome to a new week and a new theme here on the One Minute Retirement Tip Podcast. I’m your host Ashley Micciche, co-owner of True North Retirement Advisors, an independent financial advisory practice managing $300 million in client assets. I’m a Chartered Retirement Planning Counselor, a frequent speaker, radio and podcast guest, and I love talking to anyone who will listen about making a plan for the retirement you envision. 

The theme this week on the One Minute Retirement Tip podcast is: how to rebalance your investment portfolio. As I record this episode, the stock market is up more than 13% this year. And that’s coming off of an incredible recovery in the 2nd half of 2020. If you haven’t rebalanced your portfolio in the last year, I exhort you to listen carefully to this week’s episodes and scrutinize your current portfolio to see if it’s in need of rebalancing. One of the worst mistakes that you can make as an investor is letting it ride, especially in the good times. WE humans don’t like change. We like to stick with the comfortable status quo. That’s a problem when it comes to managing your investments, because too many investors don’t  take advantage of strong gains in the market, when they could lock in some of those gains by rebalancing, and stabilize their long-term returns. 

So this week I’ll share with you the benefits of rebalancing now, and why you want to rebalance your portfolio on a regular basis. We’ll talk about some roadblocks to rebalancing, how you can make rebalancing easier by automating it, and then lastly I’ll share with you my personal approach to rebalancing. I have rebalanced portfolios literally thousands of times with hundreds of millions of assets of client’s money, so I’ll share with you the thought process behind every rebalancing decision later this week. 

I hope what we have to share with you this week will help you make smart and thoughtful decisions with your investment portfolio. And whileI am careful to not lead you astray, I am not infallible.

Personal finance is complex, and there is no one-size-fits-all solution for everyone, so I encourage you to disregard anything I say that may not be helpful for you, and to consult your own financial, tax, and legal advisors regarding your own individual situation. 

That’s it for today. Come on back tomorrow, where I’m talking more about why now is an ideal time to rebalance. 

Thanks for listening! My name is Ashley Micciche...and this is the One Minute Retirement Tip. 

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Tags: retirement, investing, money, finance, financial planning, retirement planning, saving money, personal finance