1219: The Basics of Portfolio Rebalancing by Ramit Sethi of I Will Teach You To Be Rich on Investment Asset Allocation

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🗓️ 11 July 2020

⏱️ 8 minutes

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Summary

Ramit Sethi of I Will Teach You to be Rich shares the basics of portfolio rebalancing. Episode 1219: The Basics of Portfolio Rebalancing by Ramit Sethi of I Will Teach You To Be Rich on Investment Asset Allocation Ramit wants to use money to say YES. He knew there was a better way to live a rich life—if we could use psychology to focus on what actually works. Not just for personal finance, but all aspects of life: money, careers, relationships, business, fitness, and more. Since then, he's been testing and sharing his findings with the world via I Will Teach You To Be Rich. He's also written a New York Times bestselling book, been profiled in a 6-page Fortune article, and been pictured next to Warren Buffett in Forbes Magazine, as well as been featured by a long list of media, including the Wall Street Journal, ABC News, NPR, Fox Business, PBS, CNBC, and more. He also has tons of documented success stories—more than 20,000. The original post is located here: https://www.iwillteachyoutoberich.com/blog/portfolio-rebalancing/ Visit Me Online at OLDPodcast.com Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This is Optimal Finance Daily, episode 1219, the basics of portfolio rebalancing by Ramit Saiti of I Will Teach You to be Rich.com.
0:10.0	And I'm Dan, I'm your host. Welcome back to this edition of optimal finance daily where I read to you from some of the best personal finance blogs anywhere.
0:18.5	Happy Saturday to you. Thanks so much for listening in on the weekend.
0:22.0	I've got a post today from Ramit Sati, so we'll get to that in just a moment.
0:26.0	And if you didn't know, we have five podcasts in our network covering a bunch of different topics,
0:31.0	so please do check out all of them, just search for optimal living daily
0:34.6	wherever you're hearing this, and be sure to subscribe to get all the new episodes automatically.
0:40.1	But for now, let's get to today's post as we optimize your life.
0:44.0	The Basics of Portfolio Rebalancing by Remit Saiti of I Will Teach You to be Rich.com.
0:54.0	So you want to learn about portfolio rebalancing.
0:57.0	That's awesome.
0:58.0	Seriously, not a lot of people bother to do it or even take the time to learn what portfolio rebalancing means.
1:04.7	And it's not just a meaningless financial buzz phrase.
1:08.1	Portfolio rebalancing is one of the most important things you can do for your investment
1:11.2	strategy.
1:12.2	That's why I'm going to give you the lowdown on exactly what
1:14.9	portfolio rebalancing is, how you can do it today, and also how you can set up your finances to never
1:21.1	worry about it ever again.
1:23.0	What is portfolio rebalancing?
1:26.0	So imagine you're a 25-year-old whose target portfolio is 90% stocks and 10% bonds.
1:32.0	But after a year, you've found that your investment in bonds has grown.
1:35.6	Good job. So now they make up 20% of your overall portfolio.
	...

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