Give your portfolio a New Year clean-up

Now is the perfect time to spruce up your portfolio. Phil Oakley explains why it's important to 'rebalance' your assets.

To be a successful investor, you have to be disciplined. You need to decide on a strategy, allocate your money to your investments accordingly, and then stick with that through the ups and downs the markets will inevitably bring.

That doesn't mean you have to be obsessively monitoring your portfolio on a daily basis. But you should review it regularly and the New Year is the perfect time for many of us to do so. And one of the most vital jobs is rebalancing'.

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Phil spent 13 years as an investment analyst for both stockbroking and fund management companies.

 

After graduating with a MSc in International Banking, Economics & Finance from Liverpool Business School in 1996, Phil went to work for BWD Rensburg, a Liverpool based investment manager. In 2001, he joined ABN AMRO as a transport analyst. After a brief spell as a food retail analyst, he spent five years with ABN's very successful UK Smaller Companies team where he covered engineering, transport and support services stocks.

 

In 2007, Phil joined Halbis Capital Management as a European equities analyst. He began writing for MoneyWeek in 2010.