To succeed as an investor, you need to maintain an investment mix based on your goals, risk tolerance, and time horizon.
But when should you change this mix?
There’s no one right answer for everyone, but some possibilities may be worth considering.
For example, a few years before you retire, you may want to consider lowering your risk exposure by moving your portfolio into a more conservative position.
You may also want to review the cash positions in your portfolio to ensure you have enough to meet any short-term or unexpected needs.
Keep in mind, though, that having too much cash on the sidelines might prevent you from meeting your long-term goals.
Changes in your own circumstances may also lead you to modify your investment mix.
For example, you might decide to retire earlier or later than you had once planned.
In any case, it’s a good idea to review your portfolio periodically to make sure it’s still appropriate for your needs.
These reviews can help keep you on track toward your goals.
This article was written by Edward Jones for use by your local Edward Jones Financial Advisor John Dickerson. Member SIPC.
