How often should you rebalance your portfolio?

Great question! Rebalancing your portfolio is like getting a tune-up for your car — it keeps your investments running smoothly. Here's a simple guideline:

• Aim to rebalance at least once a year.
• If you're more hands-on, you might choose to do it every quarter.

But remember, the goal isn't to time the market. It's to maintain the right balance of investments that align with your goals and risk tolerance.

Here's a quick three-step process to make rebalancing easier:

1. Set a schedule: Decide when you'll check in on your portfolio. Maybe it's every January, or perhaps it's at the start of each new season. Use our BearSavings Goals Tracker to help you stay on top of this.

2. Review your targets: Look at your investment mix. If it's drifted from your targets (like 60% stocks and 40% bonds), it's time to rebalance.

3. Make the changes: Sell the investments that are over your target and buy those that are under. Do this until you're back at your target mix.

Rebalancing can feel like a chore, but it's a key part of maintaining a healthy financial life. Remember, I'm here to help make it simpler. If you need a hand, don't hesitate to ask. Keep saving, keep investing, and keep growing!