Most of us tend to think that planning on investment portfolios for attainment of goals is a one time job. However it is not true; we all need to review our investment portfolios on a regular basis and also take the help of professional financial planners. What does a Professional Financial Advice mean in portfolio management? Making a habit of rebalancing financial portfolios: Most of us make smart financial plans that are based on the number of earning years, financial commitments and the level of risk we can take up at the time of planning. But it is found that our financial commitments and the level of risk we could take up with age changes. Our financial commitments may increase with increase in family commitments, increase in standard of living and disability or otherwise of a family member. Age could also make us in a position to take lesser risk as also the level of inflation could dictate a rebalancing of our portfolios. Believe me, life is a process of change and t...
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