The Basics Of The FISM Portfolio Tracker

Our stewardship verse of the day comes from 1 Peter 4:10. Seth finds this verse significant, emphasizing that good stewardship is a form of worship to God. Shana builds on this idea, stating that it’s important for their listeners to maximize the resources they have through their FISM partnership. One key resource is the Portfolio Tracker. Shana then explains what the Portfolio Tracker is and how it works. It’s a tool available to all partners, where they can input their investment holdings, have it automatically update with current prices, and categorize these holdings into specific sectors of their asset allocation model. This tool helps investors visualize whether their current portfolio aligns with their investment strategy and make necessary adjustments. Shana notes that the Portfolio Tracker is not for performance tracking of individual positions but for ensuring proper asset allocation. Seth asks for advice on how often users should check and update their Portfolio Tracker. Shana suggests quarterly reviews for those with individual positions, but at least once or twice a year to avoid becoming overly concerned with short-term fluctuations. She also warns against frequent rebalancing, as it can be counterproductive. Finally, Shana gives some practical tips for using the tool effectively, such as ensuring that the totals match their brokerage statement and checking that all sectors are correctly categorized. She emphasizes that overlooking these details can lead to inaccurate output. Both Seth and Shana believe this advice is valuable for both new and veteran investors who aim to manage their portfolios responsibly.

 

 

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Changing your plan may require you to select new sectors for certain stocks