LANGEVIN FINANCIAL PLANNING

Discipline and Rebalancing

You need:

•  Discipline to maintain the priority of your goals

•  Discipline not to chase the latest hot asset class or stock

•  Discipline to stay with the asset classes that haven't been performing
    rather than chase the hot asset classes, mutual funds, or stocks

•  Discipline to rebalance, don't stick with the winners

•  No trades except to add assets, rebalance or withdraw living expenses

•  To rebalance if an asset class is well off the target, but not more than
    once a year

•  Discipline & rebalancing ensures buying low and selling high

•  An advisor can help with the discipline, but it starts with you