When should I rebalance my portfolio?
An example of an AI chatbot conversation about portfolio rebalancing strategies.
When should I consider rebalancing my investment portfolio?
You should consider rebalancing your portfolio when your asset allocation deviates significantly from your target, typically by 5% or more.
What are some signs that I need to rebalance?
Signs include a change in your risk tolerance, significant market movements, or if your investment goals have changed.
How often should I check my portfolio for rebalancing?
It's a good practice to review your portfolio at least once a year, but you can also check after major market events.
Are there any tax implications I should be aware of?
Yes, rebalancing can trigger capital gains taxes if you sell assets that have appreciated in value, so consider tax-efficient strategies.
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