Review Your Asset Allocation
The mix of investments in your portfolio should reflect your risk tolerance, investment time horizon and income needs. Generally, you should periodically review your asset allocation to make sure it's in line with your investment objectives. Here are some factors to consider when conducting such a review.
Identify your financial goals. When making any investment decision, first consider the following:
--What are your income needs and projected income?
--What's your tolerance for risk? Higher-risk investments tend to pay higher returns, but remember that they're also chancier than conservative options, so this is a key consideration.
--What's the time frame for your investments? Is it a long-term timeline or a short-term?
No comments:
Post a Comment