How often should you balance your portfolio?

Thu, Apr 24, 2008

Retirement

I’ve been in my Roth IRA and my 401k for just over a year now. All my funds are down as is the entire market. When should I be thinking about balancing my portfolio? Should I ride out the market with my current funds or try to exchange them? Is there a recommended timeframe I should be checking and balancing my funds?

My IRA is with American Funds where I can exchange funds for free, if that helps. Thanks.

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