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A Portfolio Checkup in 6 Steps

In this special midyear presentation, Morningstar's Christine Benz demonstrates how to gauge the viability of your current plan, evaluate positioning, troubleshoot risk factors, and much more.

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Christine Benz: Hi, I'm Christine Benz for Morningstar.com. I'm here to share with you a session about how to conduct a midyear portfolio checkup. I will run through six steps that you can take when checking up on your own portfolio. But before we get into that, I'd like to talk about what I think are best practices for portfolio checkups in general.

The first point I would make is that it's a mistake to check up on your portfolio too frequently. I think for most investors a quarterly checkup is plenty. If you wanted to be even more hands-off you might think about just checking up on your portfolio semiannually or even maybe just once a year. It's also important if you are conducting a portfolio checkup to be targeted about it. Employ a checklist so you can get in and get out. You don’t want the process to take hours or days. It should take just an hour or two at the most. The idea is to be surgical and get it done.

Christine Benz has a position in the following securities mentioned above: WMT, TBGVX. Find out about Morningstar’s editorial policies.