A diversified portfolio is important, says Leonard, but Bush should sell the expensive active funds and buy the desired allocation in a less expensive manner, ideally with comparable lower - cost ETFs. (fortune.com)
The strategy allows the investor to realize a loss, which can be useful to reduce or defer a tax liability, while keeping the portfolio balanced at the desired allocation. (cnbc.com)
Use this review to determine if your account needs to be rebalanced back to your desired allocation. (thechicagofinancialplanner.com)