Good morning and happy Monday. Today’s financial topic is whether or not your portfolio is healthy or not.
I utilized AI once again and had it perform an analyzation of my portfolio asking questions such as:
“What is the sector allocation of my current portfolio? Please generate a breakdown.”
“Based on these holdings, do I have a severe overconcentration in one specific stock or industry?”
“What are the historical betas or volatility levels of the ETFs in this spreadsheet?”
I was not overly surprised to find out that I definitely had a bit of overlap in some of my funds. I had it research which ones were worth work keeping and which ones were worth selling and reallocating into the other funds. I also asked if there were any sectors of the market I was under or not invested in at all that could help balance the portfolio.
This was a great exercise in not only making my portfolio heathier, but also educating myself further. I only had to shift around a few investments so it wasn’t a complete overhaul. I feel much better about it now and it only took a few hours. Not bad considering this is what I plan on helping us retire at some point. Take the time when you have it and do your own research on your portfolio or retirement accounts…you will thank me.
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