ABOUT HOSTS

Joe Anderson
ABOUT Joseph

As President of Pure Financial Advisors, Joe Anderson has led the company to achieve over $2 billion in assets under management and has grown their client base to over 2,160 in just ten years of the firm opening. When Joe began working with Pure Financial in 2008, they had almost no clients, negative revenue and no [...]

Alan Clopine
ABOUT Alan

Alan Clopine is the CEO & CFO of Pure Financial Advisors. He currently leads Pure Financial Advisors along with Michael Fenison and Joe Anderson. Alan joined the firm about one year after it was established. At that time the company had less than 100 clients and approximately $50 million of assets under management. As of [...]

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