Over a five-year period, fewer than half of all U.S. equity funds stick with the same kind and size of stocks, according to Standard & Poor's. That inconsistency can make your portfolio far riskier, or more conservative, than you intended.
"You can't just put your investments in a closet and open it up at age 65 to see how you've done," says David Bergmann, a financial planner in Marina del Rey, Calif.
What you need to save
Ignoring your portfolio
| After years of scandal and dismal returns, the fund group is on the rebound. Now let's see if it can last. (more) Do you want to retire rich? Build wealth? Money Magazine's ideas for five grand can help you reach your goals. (more) Though the stock market is at record highs, value investors still have opportunities. (more) |
