Reason No. 7 To Hire A Financial Professional: Rebalancing
Published Wednesday, October 13, 2021 at: 9:45 AM EDT
There are many reasons why professional advice may be best for managing your financial situation. Here’s the No. 7 reason
One of the services our firm offers is portfolio rebalancing. Periodic rebalancing is about as important to investor success as personal advice on tax-efficiency. Rebalancing your portfolio is not a sexy-sounding benefit of working with a professional, but it might affect your portfolio’s terminal value about as much as tax-smart investing advice, which is another important reason to hire an investment professional.
Automated calculators for rebalancing get the math right but getting investors to use them to rebalance once a year requires a commitment of time and an interest in personal finance as well as behavioral change. Working with a qualified professional who knows your financial goals and risk-tolerance came in handy in the period since Covid hit the U.S.
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