Rebalance your portfolio Tech's remarkable bounce in 2023 could result in a significant portfolio tilt toward that sector — and an overconcentration that could hurt in the event there's a downturn.
That means it's time to trim down a few of those oversized positions and make sure your asset allocation is properly reflecting your goals.
Check in with cash Cash is another asset that requires your attention, especially in an era when investors have a host of options of where keep those funds.
Cash you don't need for many years can go right back into your stock portfolio so you can keep ahead of inflation, Pearce said.
"Make sure you have an appropriate amount of cash, and make sure you're not sitting on an enormous pile of cash that's doing nothing," he added.
Persons:
Jorrell Bland, Josh Brown, Tony Roth, haven't, Wilmington Trust's Roth, Roth, Cash, Jerrod Pearce, Goldman Sachs, Marcus, Pearce, — CNBC's Michael Bloom
Organizations:
Nasdaq, Federal Reserve, Mitlin, Ritholtz Wealth Management, Wilmington Trust Investment Advisors, JPMorgan Equity, Wilmington, Creative Planning, Bread, Bread Financial, Citizens Financial, Treasury
Locations:
Wilmington, Treasurys