Robert Brokamp

You mentioned having a stinker of a target date fund.

So let's move on to how you look at your individual investments and decide whether to keep them or not.

Obviously, with any form of mutual fund or ETF, you want to benchmark it against others within that category.

You want to do the apples to apples comparison, ideally over three to five years, maybe longer, just to make sure that you are outperforming that category or not.

You probably should just go with an index version.

But how else do you look at all your investments, your funds, your stocks, your things like that?

You go line by line?

Let's move a little bit more into rebalancing.

And you mentioned that there are a few ways to do it.

Some people do it annually, once a year.

Some people do it as a target.

If a certain allocation has moved five percentage points one way or the other, do you think it's important to do it every year?

Or is it one of those things that you could probably get away with doing it every two to three years and be okay?

I'll just point out there's some simple ways to just do rebalancing on the edges with cash flow, right?

If you're still saving for retirement, all your contributions to your 401ks and IRAs go into the underweighted assets.

If you're retired and you need to sell a little bit every year to pay your bills, you sell your overweighted assets.

If you do have an overweighted position and you're reinvesting the dividends, you can just stop reinvesting the dividends.

You probably shouldn't be building up and then you use that cash to buy something that you need a little bit more of.

Any other tips and tricks involved in rebalancing your portfolio?

Well, this has been great, Sean.