I have worked with clients that used to look at their portfolios every day. During the recent downswing this past September – how many times did you look at your portfolio? Was it many times a day? If so, this is a sign of two things you need to change.
1. Maybe your portfolio is over weighted in equities. While we often say that you need to have stocks in your portfolio to keep ahead of inflation, you also need to have some balance between equities and income.
2. Maybe it is time to hire a Certified Financial Planner™ Professional to manage your accounts. Many clients will confess to not looking at their portfolios as often once they have hired a professional set of eyes.
