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106 Things We Do For Clients, No. 30

No. 30 of 106 Things We Do For Clients

Review and revise portfolios as conditions change. Smart investing is never a “set it and forget it” proposition. While “buy and hold” is overall a good strategy as opposed to “timing the market,” there are qualifications. Things change. Here are just a few examples: your cash flow needs may change, mutual fund managers may move on, a manager may change a fund’s investment focus in ways that no longer suit your best interests, your life situation may change (divorce, sickness, job loss, business failure), or you may have a need for a large outflow of cash or receive a large inflow of cash such as an inheritance. All these events, and many more, may require a portfolio revision.

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