How should I rebalance my retirement portfolio?
An example of an AI chatbot conversation about rebalancing a retirement portfolio.
How should I rebalance my retirement portfolio?
Rebalancing your retirement portfolio involves adjusting your asset allocation to maintain your desired risk level. What is your current allocation?
I have 60% stocks, 30% bonds, and 10% cash. Is that good?
It depends on your age and risk tolerance. Generally, younger investors can afford more stocks, while older investors might prefer bonds. How old are you?
I'm 45. Should I change my allocation?
At 45, a 60% stock allocation is reasonable, but consider rebalancing if it strays significantly from your target. Would you like to know how to do that?
Yes, please! What steps should I take to rebalance?
To rebalance, sell some assets that have increased in value and buy those that have decreased. This keeps your risk level consistent.
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