Don’t be afraid to change your asset allocation for investment portfolios
Asset allocation is a time-tested strategy that can help take the guesswork out of choosing investments for your portfolio.
Instead of putting all your eggs in one basket, you spread your eggs (dollars) among a variety of baskets (stocks, bonds and cash). The baskets can be further divided within each type of investment.
Although many investors understand that they should invest in a variety of securities, they often stumble when it’s time to choose an asset allocation that’s right for them.