If you’re a do-it-yourself investor aiming to build a “no babysitter required” portfolio, here are the key steps to take.
Step 1: Find Your Portfolio’s True North
Give due consideration to your asset allocation. That decision will have the biggest impact on how your portfolio behaves in the future.The tricky part about asset allocation—even a hands-off approach—is that the “right” asset allocation is often a moving target as retirement approaches.
