A Good Portfolio Balancing Strategy for Retirees
How do you rebalance? You can choose to rebalance by percentage so that you always keep the same ratio of different types of investments in your portfolio.
Some people are so depressed with the direction of the stock market lately that they are avoiding even looking at their statements, thinking it will protect them from further stress. If you’re near retirement however, the sooner you look at it and face the hard cold facts, the sooner you can re-adjust your retirement goals for your new reality.
If you are too emotionally involved, you may try working with a good financial planner whom you trust and who can remove the day to day worrying from your shoulders. A good financial planner can help you to come up with just the right portfolio balancing strategy for your needs.
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