You've probably heard the mantras for prudent retirement management: diversify and reduce risk across stocks, bonds and alternatives; keep costs low by investing in passive index funds; and ensure that your allocation matches your age and risk tolerance.
You need a better benchmark, one that matches the allocations your adviser made.
"Review your portfolio for what makes sense to sell, and take profits or losses based on performance and your overall allocation in your portfolio," Ms. Lassus said.
Asset Allocation Once your plan has been created, your goals identified and your risk tolerance measured, the next step is to develop your asset allocation strategy (or to have your existing asset allocation modified).
You and the other participants in your group decide about the allocation for your group and thus about the distribution of incomes in your group.
Make a precise plan of your salary and the allocation of your cash to diverse expenditure heads.
Make sure it fits your overall financial goals, asset allocation and your portfolio.
You also need to be sure your allocation is one your stomach is strong enough to handle.
So part of our attitude is don't even try and take a disciplined approach and understand your allocation relative to your risk tolerance.
You have 25 personality points to allocate among these qualities, and that allocation determines your Sim's behavior and world view.
