Portfolios Need Spring Cleaning


    A good spring cleaning is essential for your portfolio, says Jeffrey Tory, a partner at Pembroke Private Wealth Management. He says “a customized investment policy statement is a must … one of the best ways to do this is by setting strategic allocation targets. But they’re only valid if they’re occasionally revisited and spring is a great time to do so.” Investors should also know their goals and risk tolerance from the start and align their portfolios with this objectives and time horizon and know their portfolio numbers and percentages and stick to them.