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Review and rebalance your portfolio regularly from "summary" of Investing Basics for Beginners by Razaq Adekunle
It is important to regularly check on your investments to ensure they are still in line with your financial goals and risk tolerance. This involves reviewing your portfolio and making any necessary adjustments to keep it balanced and diversified. When you review your portfolio, you should assess how each investment is performing and whether it is still meeting your expectations. If an investment is underperforming or has changed in value significantly, you may need to consider selling or buying more of it to rebalance your portfolio. Rebalancing your portfolio involves adjusting the allocation of your investments to maintain your desired level of risk and return. For example, if one asset class has grown significantly and now makes up a larger portion of your portfolio than you originally intended, you may need to sell some of it and invest in other assets to maintain a balanced portfolio. By regularly reviewing and rebalancing your portfolio, you can ensure that your investments are working towards your financial goals and that you are not taking on more risk than you are comfortable with. This can help you maximize returns while minimizing potential losses.- It is important to stay proactive and engaged with your investments to make informed decisions that will help you achieve long-term financial success. Regularly reviewing and rebalancing your portfolio is a key part of this process.
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