April 6, 2020
Advisers say now might be perfect time to rebalance portfolios
Jeff Pauza, senior wealth management adviser at Greenleaf Trust, agreed investors can minimize financial losses through proper portfolio rebalancing.
“A properly diversified portfolio that would be the outcome of these comprehensive plans that were created for clients typically has several assets that are performing well even during a market sell-off,” he said. “When we have some assets that are doing really well, we have the ability to use some of these securities as a form of ‘dry powder,’ or essentially we can redeploy some of our assets that are performing well into areas of the portfolio that have sold off and look more attractive. That strategy of rebalancing keeps the portfolio aligned with the pre-determined asset classes.”
Read more in Grand Rapids Business Journal