ABOUT HOSTS

Joe Anderson
ABOUT Joseph

As CEO and President, Joe Anderson has created a unique, ambitious business model utilizing advanced service, training, sales, and marketing strategies to grow Pure Financial Advisors into the trustworthy, client-focused company it is today. Pure Financial, a Registered Investment Advisor (RIA), was ranked 15 out of 100 top ETF Power Users by RIA channel (2023), was [...]

Alan Clopine
ABOUT Alan

Alan Clopine is the Executive Chairman of Pure Financial Advisors, LLC (Pure). He has been an executive leader of the Company for over a decade, including CFO, CEO, and Chairman. Alan joined the firm in 2008, about one year after it was established. In his tenure at Pure, the firm has grown from approximately $50 [...]

Do you know what your portfolio should be doing? You may think that you do but you need to take time to rebalance your portfolio and figure out a portfolio that is right for you. Financial professionals Joe Anderson and Alan Clopine explain how your portfolio might drift and the importance of rebalancing it. To hear a more in-depth discussion watch Your Money Your Wealth Show #509 on Investor Boot Camp.

Transcript:

Alan: You’ve got your portfolio set up just how you want to. That’s great. But it doesn’t stay that way it drifts and when it drifts, you got to take a look at it maybe now you have a riskier portfolio or less risky portfolio than really you want for you. So, you got to keep checking this thing, and you need to rebalance as appropriate, Joe.

Joe: Right, you’re going to see drift in your portfolio where you want a certain dollar figure, right. Three years you got 45%, oops and then now, a couple more years, now you got 52% in that asset class when maybe you only wanted 25 or 30% to begin with. You got to keep on this. You’ve got to tax manage it. And then, of course, manage your overall risk.

Click here to watch the full Investor Boot Camp episode