The theme this week on the One Minute Retirement Tip podcast is: how to rebalance your investment portfolio. 

Today, I’m talking about why you should rebalance your portfolio...right now! As I record this episode, the stock market sits just below it’s all-time high. The temptation is to just let it ride...after all, why would you want to sell now when things are going so well and move into something else like bonds, which aren’t really making any money right now. 

I understand this temptation. It’s a conversation I have with clients all the time. But if you own stocks and you haven’t rebalanced your portfolio in the last 6-12 months, I can tell with you near 100% certainty that your portfolio is in need of some rebalancing. 

The old adage buy low and sell high is particularly true right now with the S&P 500 index up over 32% in the last 12 months. The stock market, like home prices, will not keep climbing forever. The time to rebalance is on the heels of a strong and sustained recovery, like we’ve had since the depths of Covid. 

Tomorrow I’ll get into the nuts and bolts of how to approach rebalancing...explaining how much you should consider taking out of stocks. I’m not talking big dramatic moves here - just taking some cream off the top and preserving some of these incredible gains that most of us have benefitted from over the last several years. 

That’s it for today. 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