October 9, 2023
Question:
How often should I be checking my investment portfolio?
Answer:
That depends on why you’re checking.
We usually suggest no more than once a quarter or unless you know you want to take some action such as tax loss selling or rebalancing.
The temptation, especially in down markets is to sell with the hope of stemming losses. That is the worst time to do anything as markets can turn around quickly.
Working with an advisor can be a way to keep your finger off the “sell” button.
A well-constructed portfolio can keep you grounded in the worst of markets and prevent you from unwisely chasing returns in a bull market.
Do your friends ask you financial questions?
Pass those questions on to us at AskRPG@rootedpg.com and we will feature them in our future newsletters.